Crypto economics – A vision
Five and a half years ago my co-founder and I got started planning a new city development in Zambia. After a year and a half of planning, we started marketing the new town development and got busy doing the actual work of development. Four years in, we’ve done quite a lot, but there’s still a lot for us to execute before the town starts to actually look and feel like a town. Part of what makes what we do interesting is that it’s an exercise in the sort of planning typically done by municipalities and central governments, we have to think about schools, utilities, home affordability, access to healthcare, sanitation, jobs etc. Starting from the ground-up, with resources we’ve built through aggressive pre-sales, and conservative financial planning—we typically have to approach everything from the basis of first principles. Further, given that the city is already self-funded, and with no external investors; we treat our development company like a lean start-up. The first priority is to get the minimum viable product ready, iterate and improve from there. It’s easy to be idealistic when the purse is unlimited, the opposite is true when you have to think of the best and highest use of every dollar spent.
That being said, part of what makes private city development exciting is the possibilities of what could be. What would a network of these private cities look like? Continue reading “Charter Cities: Crypto‘s Killer App?”