I’ve always thought using transparent mechanisms like self-directed tax funding and quadratic funding for tax dollar allocation would be a good way to increase public support. I’m pretty sure there are studies showing that people are more likely to pay if they know and approve of where their money is going.

Imagine you get to self-direct say 50% of your tax dollars and the other 50% goes to a matching pool that is distributed according to the cumulative choices of everyone (I.e. quadratic funding). 0% is arbitrarily allocated by politicians. This is extreme but a good example of a system you could build using nostr and bitcoin.

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I think that is a good idea. I wrote some thoughts about how that may work. What do you think?

https://yakihonne.com/article/naddr1qq2nzvtdf494wk2wfpxhjcjyxp6rj46kvv69yq3q589n5zlqgarpt7mv3g6gq0w54pnuvupnjlakr5g9nwrjv7w88mdsxpqqqp65wfhjuqn

Are you a bot!? That was scary fast.

My only initial feedback is that I’m not convinced this needs smart contracts or a blockchain. Nostr provides the identity and data layer (without a blockchain) and bitcoin provides the currency layer. Is there some other reason you would need a blockchain?

Simply lovely input... Freaking revolutionary if you compare it to our current tax system. Such systems would already be possible within close knit communites (like Bitcoin citadels hehe). If you are ok with it I would love to share ideas with you sometime.

Any time!