Born in 2007, MyCity was fueled by a desire to create a dynamic, forward-thinking environment inspired by Dubai Internet City.
My background in IT and time in a hedge fund propelled me to envision a decentralized future, not just in business but in entire cities. Satoshi Nakamoto’s Bitcoin white paper in 2008 is the catalyst, showcasing the potential of blockchain technology to empower individuals and reshape society.
MyCity emerged as a groundbreaking vision for decentralizing city economies and fostering community empowerment. However, explaining this revolutionary concept proved challenging amidst the stark realities of poverty and war that gripped the nation. Many lacked the necessary technology and understanding, peers without smartphones or personal computers lacked the necessary skills to contribute to building MyCity, further impeding progress, hindered by a knowledge gap and an education system that ingrained competition rather than collaboration. Finding like-minded peers willing to work towards a vision, rather than simply chasing personal gain, was an uphill battle. Even among those who joined, collaboration was often hampered by practical limitations.
Bitcoin: A Beacon of Hope
The Turning Point:
The rise of Bitcoin and growing awareness of decentralization have shifted the landscape. Now, the vision that seemed impossible in 2007 is gaining traction. MyCity spent the past 15 years beta-testing, learning from failures, and building a robust foundation. We’re finally prepared to launch and empower the communities around the world.
We believe that decentralization holds the key to a brighter future, one where cities are built for the people, by the people. As we move forward, we invite you to join us in shaping a world where communities thrive, empowered by the power of collaboration and technology.
Despite the challenges, MyCity soldiered on. MyCity spent the last decade building a roadmap for a decentralized infrastructure, tirelessly learning and adapting. Facing limited resources, political instability, and a lack of investment, all while navigating the complexities of operating in a developing nation.
Obstacles in the Path:
Limited Resources: Sri Lanka’s infrastructure and technology access, along with political instability, presented constant hurdles. Securely transferring capital in and out of the country and establishing reliable online payment gateways were additional roadblocks.
Lack of Understanding: The concept of a decentralized organization was entirely foreign to many, fueling skepticism and hindering progress.