[rudderz]

> which is essentially a planned economy where the over-educated manage the under-educated

Why do you feel this way? Couldn't there be a democratic mechanism to asset allocation? A democratically master-planned community wouldn't be unfathomable. Issue municipal debt with GovCoin serviced by taxes generated by the community.

[motohagiography]

Having consulted to scores of public sector projects, the institutions are artifacts of their incentives. See the Gervais Principle for example dynamics.

An internal GovCoin would technically work very well, as unincorporated project billings and budgets aren't real money inside large organizations. The main question is, for who? It would obviate layers of management in organizations whose main purpose is to generate layers of management. The only time real money gets exchanged is during settlement with outside vendors, otherwise, it's fiat funny money run through multiple inconsistent departmental ledgers.

Imagine it working inside a university, and then expand that to government ministries, as they're organized in essentially the same way. They don't want a means of exchange based on consumer need or desire, they want to decide based on narrative discussions.

[rudderz]

> the institutions are artifacts of their incentives

Perhaps there's value in sidestepping the institutions entirely. The bitcoin playbook if you will. Cutting out layers of management seems to be a popular idea.

Nevada recently passed a law that would allow companies to incorporate towns that have the authority of a county.

Would love to see a kick-started GovCoin like the DAO where investors and future residents can collaborate on a brand new government tailored with the customers -- I mean "citizens" interests in mind. Start with a clean slate and build a new model society that can be forked and cloned globally.