Vitalik Buterin has a pseudo-centralization of entire cities.
Ethereum founder Vitalik Buterin recently shared an innovative blueprint for a hybrid city that embraces the principles of democracy, capitalism, and decentralization.
His comments came amid responses to a post on Farcaster, the social media polling platform for cryptocurrency luminaries.
Source: Vitalik Buterin
For-profit cities
The topic at hand was the idea of ”for-profit cities”, which evokes the image of “Walmartopia” or “Teslaville”, but is actually a branch of city government.
In answering the question of whether cities should be “for-profit institutions or for the public good,” Buterin argued for a hybrid approach:
We want public infrastructure to work well for all income levels, we want cities to be a positive addition to the country and the world, we have humanistic values, we don't want homelessness to be solved by ‘give them a one-way bus' and tickets to other cities.”
In Buterin's utopian vision, citizens would have greater access to “property” that would grant them the privileges of “management,” while landowners would see their shareholdings shrink with increased taxes.
Buterin said: “The argument is that this will create a better incentive with the success of the whole city. He added, “Land value taxes in particular provide good incentives for the government to influence things that can be changed (domestic public goods, affecting land values), leaving the full cost of anything built on the land to the local owner, who can influence that?”
Buterin's vision of a decentralized, autonomous organization plan is closely aligned with tax and profit incentives. According to political theory, this effectively socializes the democratic process while establishing (or maintaining) the capitalist state.
Related: Is Vitalik Buterin's $10M Ethereum Sale Bad News for ETH Bulls?
