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RE: Open Letter to the City of Berkeley, California: Why a Steem Smart Media Token (SMT) is a Wiser Choice Than a Cryptocurrency Bond or ICO

in #smt6 years ago

That's a relly interesting approach for the city.
Sometimes, local governments do not realize the potential they have if they find a way to link their citizens' opinions, the local economy and the city needs. Most of the time, they want to "control" the whole solution instead of taking a much faster, cheaper and smarter approach using a tool that already exists.
SMT's are a great tool and we still have to see all the different solutions they can provide. Just running a small test in one of the city areas would be enough to go for a pilot, get quick results and have a clear idea of how a citywide token could be run.
You can just use the pilot to ask citizens for ideas and to vote for them before deciding how to implement. And you can do that even without launching your SMT, just using Steem as it is right now.

It will be very interesting to see if you get a response. Thanks for the post!

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They definitely need to understand that the future is more responsive and participatory direct democracy. The blockchain can help with that and this would help us get there. Yes, they could set something up now and Steem-power it as a test, then plug in SMTs when those are available and broaden it to larger groups.