citycoins/governance

Establishing a Baseline Community Insight Framework

Closed this issue · 23 comments

pstan26 commented

Issue Description:
This initiative proposes using part of CityCoins' generated funds to conduct in-depth citizen surveys. The aim is to gather crucial insights into the citizen priorities and challenges, laying the groundwork for potential future solutions.

Strategically Crafted Survey Questions:

  1. Urban Development Focus: 'Identify key urban development areas in need of attention in your city (e.g., green initiatives, transportation, housing affordability).'
  2. Community Welfare Enhancement: 'What types of projects or initiatives would significantly improve the quality of life and social cohesion in your community?'
  3. Opportunities for Local Growth: 'What are the most desired educational and employment opportunities that you feel are currently lacking in your city?'

KYC Process Consideration:
Plan to integrate a KYC service such as id.me to authenticate survey participants. The exact cost and logistics will be subject to further research.

Incentives for Engagement:
To encourage participation, and subject to all applicable regulations, we propose offering a nominal amount of CityCoins or sBTC as an incentive, ensuring citizens feel valued for their input.

Purpose and Long-Term Vision:

  • Direct Community Input: Captures the community's voice to guide CityCoins towards addressing relevant and critical local issues.
  • Foundational Data Gathering: Establishes a data-driven basis for any future project considerations, ensuring they are rooted in real community needs, while reflecting that data back to citizens to know the results. This process is easy to streamline yet valuable, doesn’t have high stakes variability, and is helpful to the city gov and its citizens.
  • Trust and Participation: Enhances community trust and active participation in CityCoins, demonstrating a commitment to a community-first approach.

Embarking on this survey initiative will provide us with the foundational understanding necessary to thoughtfully consider how CityCoins might tackle these identified challenges in the future.

Tim-Butterfield commented

What is the intended input mechanism? A fixed list may be easier for entry by the user, but could leave out key items if there is not an other category allowing for open inputs. Ideally, it should be easy for someone to select multiples in order of their priority.

Tim-Butterfield commented

Of course, the reward should be optional as not everyone will have an address to send to yet unless they are given the opportunity and incentive to create that after learning of the survey. Perhaps creating a new wallet address can have an extra reward. As for the specific reward, it may be helpful to allow a reward selection. Some may want X (0.5, 1.0, 2.0, etc.) STX. Others may want one of the CC instead. Perhaps a swap bonus could be used if selecting the CC. One example may be to take 2X the STX reward value at the AlexLab swap rate. This option would allow everyone to receive something if they are willing to create a wallet while encouraging receipt of CC if possible.

pstan26 commented

Here is a revised end-to-end high level plan:

**Revised Strategic Plan for CityCoins 501(c)(3) Initiative + Baseline Activity **

Objective: Establish a compliant 501(c)(3) nonprofit for CityCoins, initially focusing on understanding the community's needs through KYC-verified surveys, with potential for future evolution.

Key Steps:

  1. 501(c)(3) Formation:

    • Set up a nonprofit entity adhering to IRS guidelines for tax-exempt status, dedicated to serving community interests.

  2. Tax Deductibility for Contributions:

    • Structure STX contributions to and subsequent stacking earning from the CityCoins treasury as tax-deductible, incentivizing community investment.

  3. Community Surveys as Baseline Activity:

    • Conduct KYC-verified surveys, using services like id.me, to gather the “will of the city citizens” as the primary activity of the 501(c)(3).
    • Token holders vote on survey questions, ensuring CityCoin community involvement in setting priorities.

  4. Funds Allocation and Compliance:

    • Direct a cautious portion of the CC (under 10-20% of stacking earnings) towards these survey activities, avoiding any impact whatsoever on the principal amount in the treasury and staying under what previously would have been taxed from the yields.
    • Ensure activities align with 501(c)(3) regulations, focusing on high-impact, low-cost initiatives.

  5. Incentivizing Survey Participation:

    • Reward survey completion with a small incentive, like $5 in sBTC or CityCoins, limited to city residents to ensure local relevance.

  6. Financial Transparency and Oversight:

    • Implement transparent financial practices, with regular reporting and audits, maintaining public trust and accountability.

  7. Adaptability and Future Evolution:

    • Keep the structure flexible to evolve based on survey findings, community needs, and regulatory landscape.

Expected Outcome:
The plan aims to create a sustainable, impactful framework for CityCoins, starting with gathering vital community insights through surveys. This approach is designed to maximize citizen benefit without expenditure from the treasury, aligning with the goal of maintaining the health of the principal amount, respecting tax implications for holders, establishing token price parity with the treasury, and creating more demand for contributing capital directly to the treasury (growing it and our collective impact)

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Tim-Butterfield commented

Re: #2

In addition to the STX donations, CC contributions toward a burn could also be tax deductible.

Tim-Butterfield commented

In addition to the 501(c)(3) donation burn, we should support a burn mechanism that can return STX plus a bonus. Using a swap rate such as AlexLabs, we can burn at a similar rate. The returned STX should have bonus STX added at some rate from 10% to 25%. This would provide an incentive to burn.

If I want to burn part of a million CC, I should be allowed to do that. But, I should not be required to do that. It should be possible for me to burn from 0% to 100% of my CC, but at my choice and not required. Just as mining is a separate interface from stacking, burning should also be a separate interface.

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pstan26 commented

Re: #2

In addition to the STX donations, CC contributions toward a burn could also be tax deductible.

This one might be difficult. Will get more information.

pstan26 commented

Rewriting this to include some items like treasury management agreement, and an example of how treasury could be used without spending it down if the treasury gets sizable.

GitHub Issue Title: Comprehensive Plan and Proposal: CityCoins Treasury Management and Community Engagement Enhancement

Issue Description:
This proposal aims to integrate the potential achievement of 501(c)(3) nonprofit status into our treasury management, community engagement strategies, and a cooperative agreement with the City of Miami. The goal is to establish a robust and sustainable framework that benefits the City of Miami and the CityCoins community, aligning with Mayor Suarez's vision of a Bitcoin dividend for citizens.

Proposal Details:

  1. Principal Preservation Agreement:

    • Commit to preserving the principal amount in the CityCoins treasury, ensuring long-term financial health and stability.

  2. Community Engagement via sBTC Rewards:

    • Implement a plan to issue sBTC to KYC-verified Miami citizens, in partnership with a trusted provider like id.me, for participating in city surveys. This aims to enhance community input in urban development and align with local governance.

  3. Strategic Treasury Utilization:

    • Plan to use the treasury as collateral for local business lending once it reaches a significant milestone, such as $200 million to $1 billion, to stimulate economic development in Miami.

  4. Incorporating 501(c)(3) Nonprofit Status:

    • Explore attaining 501(c)(3) status, providing tax benefits for contributors and enabling fund utilization for charitable and community-focused initiatives.

  5. Nonprofit Constitution for Regular Citizen Feedback:

    • Establish a constitution for the nonprofit that mandates regular collection of citizen feedback, ensuring alignment with community needs and Mayor Suarez's Bitcoin dividend plan.

Benefits to the City of Miami:

  1. Enhanced Community Engagement and Insight:

    • Facilitates direct involvement of residents in city development, utilizing KYC-verified surveys to gather actionable insights.

  2. Economic Growth and Development:

    • The treasury's role in supporting local businesses fosters broader economic growth, benefitting the city and its residents.

  3. Financial Responsibility and Growth:

    • Demonstrates a commitment to responsible financial management, ensuring the sustainability of the CityCoins initiative.

Further Discussion Points:

  • Community Engagement Strategy:

    • Seeking input on the effectiveness of the sBTC rewards system for engaging Miami residents in surveys.

  • Impact of Treasury Collateral Use:

    • Evaluating the long-term economic and financial implications of using the treasury as collateral for business lending.

  • Nonprofit Status and Legal Compliance:

    • Discussing the legal, tax, and operational implications of integrating 501(c)(3) status into CityCoins.

This proposal is carefully crafted to balance ambition with responsibility, aiming to enhance urban development and community engagement in Miami through innovative use of blockchain technology. We welcome feedback and collaborative discussions to refine this strategy, ensuring it aligns with the city's goals and the community's interests.

akilress commented

Good to know.

Additionally, if this proposal is approved and implemented, I would like to hear your thoughts on the benefits to the holder of mia citi coin and the benefits to the miner of mia citi coin.

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mavecillas commented

We need to fix the social media as well the Facebook one has explicits images being posted and no one is taking them down also the Twitter has no activity neither YouTube

mavecillas commented

And I was wondering if stackers would still get the dividends from the treasury or if this is going to go towards survey fillers now

Tim-Butterfield commented

As the combination of proposals and phases are implemented, the value of each CC should increase. Mining should continue as a way to get more CC, potentially at lower prices than swaps. As with anything in life, there are no guarantees.

Stackers should always get dividends. I would expect holders/stackers of CC to vote NO on any spend that would drastically reduce rewards.

I'm not sure who has the Twitter and Facebook passwords so those can be cleaned up.

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mavecillas commented

I think the Facebook one is community made it has 200 something followers might be a good idea to start a new one or we can try sending a message to the Facebook administrator

mavecillas commented

I would suggest creating a new group seeing how we have a lot of new members and in the old one in Facebook there’s not much support actually there’s the contrary.

mavecillas commented

And maybe set up some stacks aside from this cycle to reward the programmers and anyone else who is moving us forward

mavecillas commented

https://www.facebook.com/groups/6952634874819513 I created a page for Facebook tell me if you like it it could be just a sample someone else could create a similar one.

Tim-Butterfield commented

I will need to let someone else look at these social media updates. I deleted my Facebook account long ago and only look at Twitter a few times a year.

CrypDohDS commented

Though it is not, CityCoins publicly looks dead without maintaining updated website/X/facebook digital media presence.

Still cautious but optimistic on CCIP-19. I personally would like to see the city agreements and how the process of STX treasury distribution occurs. Is it or would it even be a vote? Basically I am asking the elephant in the corner question, "Do we the token holders truly control and own the treasury?" If so, it provides me with much more confidence and this democratically decentralized approach is very real. I just feel we shouldn't have to make anymore agreements with the city. The path forward is sometimes leaving the past behind.

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pbtc402 commented

I like the $1k/day bounty as it creates a publicly visible heartbeat for the project. Maybe we keep it scoped to something like "education" to make it approachable to anyone and so it doesn't go off the rails too easily. Also we could trial this for 30 days to see the effect without committing.

CityCoins Bitcoin Education Bounty - 30-Day Trial Proposal

Objective

  • Educate on Bitcoin: Increase public knowledge about Bitcoin, emphasizing its principles and benefits.
  • Brand Visibility: Incorporate the CityCoins brand tastefully in all educational content to highlight the initiative's sponsor.

Key Features

  • $1,000 Daily Bounty: Award the best Bitcoin educational content each day.
  • Verification: Participants must be KYC-verified to ensure genuine local engagement.
  • Content Requirements: Submissions must be creative (memorable, on brand, clever), high-impact (did it orange-pill people?), educational (is it accurate), and include a visible CityCoins brand (brought to you by this lovely community).
  • Submission Medium: Accept photos or videos of guerrilla marketing efforts in public spaces.

Implementation Steps

  1. Community Feedback: Gather input on the proposal from the CityCoins community.
  2. Vote: Conduct a community vote to approve the 30-day trial.
  3. Platform Setup: Develop a user-friendly interface for submissions and voting.
  4. Launch: Kick off the initiative with clear guidelines and submission criteria.
  5. Daily Operation: Monitor submissions, manage the award process, and ensure brand visibility.
  6. Evaluation: Assess the trial's impact on Bitcoin education and CityCoins brand awareness.

Success Criteria

  • Increase in Bitcoin knowledge among the local population.
  • Enhanced visibility and positive association of the CityCoins brand.
  • Active community engagement and high-quality submissions throughout the trial.

This plan aims for a targeted, impactful, and community-driven approach to Bitcoin education, leveraging CityCoins' brand and resources for broader engagement and awareness.

Is this something people would be interested in testing out?

pstan26 commented

Feels off brand because it’s tangential to CityCoins.

How about this:

Vote, Act Initiative

  • Vote: A platform where community members, verified by ID.me, submit and vote on proposals for community improvements, with public access to analyze citizens' questionnaire responses to guide submissions to “Act” (see next).

  • Act: A daily bounty program where the most impactful and feasible community-chosen action is executed, funded in MiamiCoin, providing a direct response to the vote’s consensus.

This initiative represents a feedback loop of community engagement and action, leveraging MiamiCoin to empower and enact the collective will.

———

Example questionnaire delivered to citizens focusing on actionable deeds to address community needs:

  1. Multiple Choice: Satisfaction with Community Support

    • "How satisfied are you with the community support provided by CityCoins initiatives?"
      • Very Satisfied
      • Satisfied
      • Neutral
      • Unsatisfied
      • Very Unsatisfied

  2. Open-ended: Desired Community Actions

    • "What specific action or project would you like to see implemented in your community by CityCoins?"

  3. Ranking: Priority Community Needs

    • "Please rank the following community needs in order of importance for CityCoins to address:"
      • Environmental Sustainability
      • Public Safety and Health
      • Educational Opportunities
      • Infrastructure Improvements
      • Other (Please specify)

  4. Open-ended: Suggestions for CityCoins Actions

    • "Do you have any specific suggestions for acts of kindness or community improvement projects that CityCoins should consider?"

  5. Multiple Choice: Awareness of CityCoins Efforts

    • "How aware are you of the efforts and impacts of CityCoins in the community?"
      • Very Aware
      • Somewhat Aware
      • Neutral
      • Somewhat Unaware
      • Very Unaware

  6. Open-ended: Feedback on CityCoins Engagement

    • "How can CityCoins improve its engagement with the community to better understand and act upon your needs?"

This version is designed to gather insights specifically tailored to guide CityCoins in identifying and implementing meaningful community projects, enhancing both awareness and satisfaction with their initiatives.

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mavecillas commented

Where would we get the funds? Most people are against using funds from the treasury. I prefer using the funds from the yield that way we don’t get less and less rewards. Using 30 percent as you said before.

pstan26 commented

Where would we get the funds? Most people are against using funds from the treasury. I prefer using the funds from the yield that way we don’t get less and less rewards. Using 30 percent as you said before.

I’d be happy to donate $30k for a one month trial if folks wanted that. If it generates attention and participation then we could be willing to use a very small bit of the treasury or yield to continue ($1k/day).

mavecillas commented

I don’t know I still preferred the law enforcement idea are you in the talks with Miami right now? How willing are they to these ideas?

whoabuddy commented

Closing this out following the shutdown of mining and stacking in CCIP-020.