Building a City on Blockchain

The video discusses a proposal by Jeffrey Burns, CEO of Blockchains, to build a blockchain-based city in Nevada. The city would use cryptocurrencies for various functions and require a new government entity called an innovation zone. While supported by Nevada's governor, local leaders oppose it due to concerns about private governance. The concept is compared to historical company towns, raising questions about residents' rights.

What is the primary vision for the blockchain-based city proposed by Jeffrey Burns?

• A city focused on traditional economic models

• A city with the largest population in Nevada

• A city using cryptocurrencies for daily transactions

• A city powered by renewable energy

What is the purpose of the proposed innovation zones in Nevada?

• To allow private companies to control public services

• To increase agricultural output

• To create new tourist attractions

• To build more shopping malls

Who supports the innovation zones proposal in Nevada?

• Environmental organizations

• The Democratic Governor of Nevada

• Local county leaders

• The federal government

What is a concern related to private companies taking on governmental roles?

• Lack of technological advancement

• Overpopulation in urban areas

• Limited rights for residents similar to historical company towns

• Increased taxes for residents

What historical example is used to highlight concerns about private governance?

• Modern-day metropolises

• Medieval feudal systems

• 19th and early 20th century company towns

• Ancient Roman cities