I specialize in Municipal Finance and something that has forever infuriated me is that folks are more than happy to spend the debt to build a bridge or other piece of infrastructure but then never bother to set aside the money to maintain or replace it in the future, expecting future generations to not only choke on their long-term bond debt load from folks not wanting to pay the price now but also for fixing their expensive overbuilt decisions down the road. The idea of time-locking a reserve of BTC on a release schedule over the life of a piece of infrastructure would flip this paradigm on its head by committing to not burdening future generations but instead throwing our present energy far into the future to fix it when the need eventually arises. By incorporating a time-locked 5% reserve with a clear release schedule, you could plan for the periodic maintenance and the eventual full replacement. If it was in a multi-sig setup of multiple local officials (DOT commissioner, budget director, CFO, Mayor and head of council for example in a 3/5) so that funds were responsibly allocated to the project on release you also help future capital planning for the City and make things easier rather than harder. Below is a sample disbursement table with simple math to illustrate the concept. I would love some thoughts from folks as Bitcoiners are one of the few groups with actual low-time preference decision making mindsets. @preston @Danny Knowles image
@Danny Knowles ever since you guys first talked to Michael Dunworth about the idea of time locking Bitcoins in the future for people to find I've been thinking about how Cities could use it to responsibly maintain long term infrastructure projects. Build a new bridge for $100M with a 100BTC reserve that is time locked on a 10 year release cycle for repairs with a replacement kicker arriving in year 70 as the final unlock. Actually throw our current energy forward into the future instead of just stealing from our children with costly long-term bonds just to build it and never setting money aside to fix the things we build.
@SoapMiner is a man of his word. These just arrived in the mail and I'm looking forward to trying them out tomorrow. Thanks again! image
Note to self, next time you want to buy some soap from @SoapMiner , remember to check your spending lightning wallet's balance first.... got there eventually.
@preston I loved the recent conversations about Microstrategy. Given that most folks are focused on the Treasury value only, I was wondering your thoughts on their ability to use things like Amboss to generate sats streams on even a small portion of their holdings and what role the "Bitcoin Development Company " plays in our broader ecosystem's evolution. They seem like one of the sole sources very large institutions will have available for a counter party that can be trusted.