If they invest, set up a sovereign fund for the city and co-invest. Model it on the Alaska Permanent Fund and pay out dividends to citizens in good standing.
In the last Cold War, the non-aligned movement was the weakest faction.
In the coming Cold War, the decentralized movement may prove to be the strongest.
Everyone knows the last Cold War was US vs USSR.
But the third faction was the non-aligned movement, which included India and dozens of other countries that didn’t formally join either NATO or the Warsaw Pact. theconversation.com/explainer-the-…
Today there are many countries that do not want to pick sides in a second Cold War.
In the fullness of time, BTC and crypto offer a third way: a decentralized movement that doesn’t depend on either superpower. theguardian.com/world/2020/nov…
An early use of decentralized cryptographic truth to knock down a declaration by a media corporation occurred in 2014, when the absence of a digital signature killed Newsweek’s cover story.
Oracles systematize this. They’re like an on-chain Reuters. genius.com/2900395
Decentralized cryptographic fact checking is also used by Wikileaks, as anyone can use DKIM to verify email authenticity. You trust the cryptography, not Wikileaks. blog.cryptographyengineering.com/2020/11/16/ok-…
Let’s be clear: these data dredging requests by Treasury will result in violent attacks on crypto users.
Why? Because Treasury got hacked and can’t secure their data. Lists of home addresses of crypto users will keep leaking, as they did with Ledger. And criminals will use them.