Apr 18, 2022 7:52 PM
TAXES,CityCoins founder Patrick Stanley says, can stop being a mind-numbing civic ritual and become an exercise in freedom—if we tokenize and calibrate them the right way. Stanley’s crypto-based invention is what he calls “an opt-in tax of opportunity, as opposed to obligation,” wherein boosters tithe a particular city with crypto because they have faith in the municipality and its mission. “They want to see the city working as a capital allocator, and they want to bet on the success of the city,” Stanley said in a podcast interview . Essentially, they can cheer a city government on through computational processing worth millions, if not billions, of dollars—the equivalent of a gilded “like” button.