THE RISE OF CRYPTO

-

 C) THE RISE OF CRYPTO

When COVID finally ends, many will abandon the expensive cities for safety reasons, quality of life reasons, financial reasons.

Because of increases in bandwidth and the ease of use of Zoom, there will be no more need for office buildings to be full. People could live anywhere and work in the 2D virtual office or in Microsoft VROffice.

With fewer people and companies, the tax revenues will plunge just when the deficits are spiking. Mayors in each city will be forced to fire teachers, garbage collectors, police, etc. Crime spikes, garbage everywhere, and fewer tourists will want to go to each city.

Cities will need to create incentives! Each city will create a local cryptocurrency to provide incentives. New York City, for instance, will create “NYCBucks.”

The idea: Everybody in NY gets a steady UBI (universal basic income) in NYCBucks (instead of dollars), and everyone who visits NYC as a tourist gets an allocation based on how many days they would be in the city. You could only spend your NYCBucks in NYC.

For every transaction both the buyer and the seller “mine” micro NYCBucks pro rata with the size of the transaction. For every 100 NYCBucks you mine, you can exchange for $100 and $100 is deducted from your state and city taxes.

Tourism begins to come back to cities. And businesses return and require more employees to be local. Cities, for the moment, are saved.

Comments

Post a Comment

Popular posts from this blog

Sea levels are wreaking havoc around the world

-
Image
Despite efforts to halt climate change, it came too late to save many lowland areas of the world. Sea levels rose almost two metres by the late 2090s, displacing hundreds of millions of people. *   The Maldives were especially hard hit, with most of the nation disappearing underwater. *   Countries around the globe were forced to begin large-scale evacuation and resettlement programmes, while trillions of dollars were spent on coastal defences.  
Read more

West Antarctica is among the fastest developing regions in the world

-
Image
  West Antarctica is among the fastest developing regions in the world As a result of global warming, temperatures at the poles have risen more than anywhere else in the world – meaning that parts of Western Antarctica are now comparable with the climates of Alaska, Iceland, and northern Scandinavia. In some areas, the melting of surface ice has resulted in conditions appropriate for large-scale human settlement. *  The icy continent today would be unrecognizable to observers from the 20th century: its northern peninsula is now home to a multitude of towns and conurbations, with a total population numbering in the millions. Even farming and crop growing are now possible in some of the most northerly areas, using genetic modification techniques. Rapid immigration from countries all over the world has created a diverse mixture of people and cultures flocking to this new land of opportunity. In a way, the settlement of Antarctica is similar to that of America in the 18th and 19th centurie
Read more

U.S. CURRENCY WILL COLLAPSE, BUT NOT THE WAY PEOPLE THINK

-
  D) U.S. CURRENCY WILL COLLAPSE, BUT NOT THE WAY PEOPLE THINK PART 1: Everyone is worried about hyperinflation. “The Fed isn’t a printing press!” irate home economists screech into the Twitter void. Unfortunately the value of a currency is based not on just supply but also on demand. The demand for the dollar is too high. Everyone in the world wants out of theirs and into ours. The Federal Reserve right now is scared to death of DEFLATION. They would kill for some inflation right now. So they print more and more money. PART II: The Great Secession The Blues don’t like the Reds. They think they are fascists. And the Reds also, coincidentally, think the Blues are fascists. In 2020, there are three electric grids in the United States: East, West, and Texas. Texas secedes first. The Army refuses to get involved. Other states begin to secede. And soon all of the states secede in one giant Secession Convention held on Zoom. Each state works out trade agreements with the other states, in an
Read more