The adoption of the SMT from steem will really be a better choice rather than creating a new cryptocurrency bond whose use case is bound to only people around the vicinity, low demand, low value, bad ROI for the government,,
An alternative would be to build the Berkeley community on Steemit.com or another Steem powered site. It will take a few months for the full community features to become available, but the city can start building it beforehand. And using Steemit.com would save you the trouble of operating your own site; you simply would manage a community of Berkeley residents in an online Steemit-based community.
i agree with this they would need no other site infact, steemit would be just perfecf
the letter was well put together, thank you for the effort, i hope you receive a positive response, because if Berkerly should accept to run this, its an avenue for other offline communities to adopt the method, which in turn brings value to steem...its a awesome promo steem Tom, im enthusiastic about the outcome of this. Its a win win win for the people the government and for steem