Author Topic: How can BitShares help communities fund public architecture they actually want?  (Read 901 times)

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Offline Permie

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I've just watched a TED talk on architecture and how it's changing for the better now architects have the immediate feedback loop of social media.
Before they even start building they already know that the public will like it.
https://www.ted.com/talks/marc_kushner_why_the_buildings_of_the_future_will_be_shaped_by_you#t-1064706

How could UIA's  be used to help this?
Could architects issue tokens for their design similarly to NOTES and peertracks?

It could be difficult doing this sort of thing with property ownership. Governments are the only entity that seems to build public buildings at the moment.
Could crowdfunding change that and allow private collections of people to fund public-access property development?

1) An architect proposes a design for a public-access building
2) A budget for the land, construction and labour.
3) Perhaps a profit income once in public use. Maybe a cafe that will run at a profit, to pay dividends to the crowdfunding investors. Nothing huge, but an extra incentive to participate in public-access fundraising. The idea is that people will contribute towards a building that they want to have in their community, the dividends are just an extra.
4) Someone to advertise the building to local residents with the aim that they pledge funds which are returned if the budget requirements are not met.
4) Construction begins if sufficient capital is raised.
5) The building opens and everyone is very happy and spending money at the cafe which rewards investors.

A process like this ensures that capital isn't wasted on unpopular buildings that nobody will use and does it without a central authority deciding who builds what.

Thoughts?
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
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