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Ask HN: Is a cryptocurrency for funding community projects a viable idea?
It appears that most people are dissatisfied with politics and civic engagement can be difficult to measure.
What if there was a cryptocurrency that gave every participant a vote on the usage of a portion of the funds? Directly linking a member's participation in a fund with the projects within their community. Each member would have a single vote. Theoretically this could act similar to an infrastructure bank but not limited to a certain type of project.
There are obvious issues with this idea: Does the amount of money required to initiate the fund prevent it from being viable? Will members from outside a given community attempt to "steal" its' funds? How could the identity of a member be authenticated without being intrusive? Are people truly interested in improving their community?