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I enjoy watching slum porn on youtube. Here is an example of what I’m talking about. I watch these videos because I cannot believe the decay and degradation of the United States during my lifetime. I appreciate what I have more after seeing how many of my fellow citizens live.
As a bitcoiner, I spend a lot of time thinking about El Salvador, the continent of Africa, and other places throughout the world where people can benefit from bitcoin adoption. For some reason, I have had a blind spot about my own country.
It occurred to me that one of these urban, suburban or rural slums in the US would be perfect as a locale to start a bitcoin community. Housing stock is available and extraordinarily cheap in some locations (less than $1000 for a house), property taxes are very low, and the infrastructure, though crumbling, already exists. I remember living in Brooklyn, New York in the 1980’s and 1990’s when intrepid young people would “gentrify” run down, crime ridden neighborhoods block by block. These are now some of the most desirable places to live in the borough.
One of these neighborhoods would be the perfect laboratory for a bitcoin economy. Many of these places have been abandoned by local governments. This would present an opportunity for bitcoiners to run their own communities with a good deal of autonomy. If you doubt this, do a little research on Amish and Mennonite communities in the U.S., or this Orthodox Jewish community, where rabbis control local politics and education.
I’m too old and set in my ways to do this, but I am sure there are young, brave hodlers out there who could serve as the initial pioneers. If they build it, we will come.
2449 sats \ 2 replies \ @kr 3 Mar 2023
There are definitely big opportunities available for people to make use of undervalued real estate like this.
This idea is not directly related to yours, but there are some parallels.
I recently went to an event hosted by Candlelight Concerts, and was struck by how smart their business model is.
They rent beautiful old churches all over the world (which see very little demand outside of sunday mornings), then they get a string quartet or a pianist to show up for an hour and play famous songs in a lights-off venue full of candles.
People love the ambiance, they love taking pics of all the candles for Instagram, and it’s a unique experience they’re willing to pay for.
But the best part is their business model.
The old churches they host these events at are the most beautiful buildings in a city, they have nobody to compete against on venue rental fees (events are in the evenings when most churches are empty), there are tons of talented underpaid musicians in every city, and with some cheap candles they can easily turn that into a fun experience for anyone.
I haven’t thought through the ways this could apply to Bitcoin, but Bitcoiners have always likened the idea of Bitcoin to a sort of religion.
Maybe under-used churches could be a starting point for establishing more Bitcoin meetups.
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That is a great idea. I'm interested in renovation of old dilapidated structures with "good bones." I've seen former churches in old neighborhoods transformed into beautiful residential units. Of course, not exactly what you're talking about. The bottom line: There's lots of underused, decaying assets in the US that can be be useful again through bitcoin.
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For sure
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Housing stock is available and extraordinarily cheap in some locations (less than $1000 for a house)
Ive never heard of this. Where?
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Detroit. It’s a large city in terms of square mileage and very low density due to population declines since the old days. Detroit Land Bank - www.buildingdetroit.org
Would love to spearhead a Bitcoin community there, just need the funding.
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There's a guy named Jack Dorsey who loves to fund credible bitcoin projects!
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You won't find houses that cheap listed on the internet. You have to go door to door and look up owners who are desperate to get rid of them. Some real estate guys make a living doing this. But, here's a link to show you some really cheap stuff in East Cleveland. Guaranteed these can be negotiated down.
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You can use one of the slum as a prototype for bitcoin adoption and test if the awareness and usage performance should be scale to other parts of the country.
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In the long run. At the start, I don't know how many bitcoiners would be willing to make a commitment to even congregate in one small neighborhood. It's a pretty bold move. There is strength in numbers. Taking over even a block in a rundown city could be effective. Next opening a bitcoin only bodega/convenience store on the corner is a first step I see in my imagination.
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They say no one is never too old to start
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I've had this thought too! A lot of us are in Austin right now but we'd be able to build a more stable and long term community if we moved to an old manufacturing town or somewhere where housing isn't so competitive.
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The midwest is filled with these neighborhoods: East Cleveland, South Memphis, just about all of Indiana. Sad, depressing places that can be turned around. Of course crime would be an issue.
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Bitcoiners love their guns. Could setup a bjj/muay thai gym too.
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The beauty of the idea is that there is little competition to take over a neighborhood. No one wants to live there. A clean slate.
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These communities already have their own economies. I don't know how they do it now, but back in the 90s in San Fran I watched people pick up food stamps at a check cashing store walk out and within a block sell them to Vietnamese Mamasans (shop owner wives/mothers) for cash and then deliver cash to drug dealers. I also knew a tranny that could get cash off any credit debit card and fence stolen high end items from Union Square shops.
The efficiency and autonomy of the payments must be injected into the system in my opinion.
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I bought the kindle version and I have started reading it. Thanks for the referral. This is the kind of thing I was imagining.
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I never have, I'm embarrassed to admit. As an old libertarian I know of him, of course. I also attended college in Washington DC in the late 1970s and know the Adams Morgan area well. I still have friends living there and attended more than one Adams Morgan Day celebration! When I was thinking about this idea I recalled the beginnings of the Free State Project in New Hampshire. I am going to check out Hess' book on Amazon now.
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