Welcome to Liberland, the nation that Bitcoin built - News Summed Up

Welcome to Liberland, the nation that Bitcoin built


Welcome to Liberland, the nation that Bitcoin built​Satoshi Nakamoto designed bitcoin to disrupt central banking, but one man has an even more controversial plan for the blockchain: build a nation-state. Half a million people have applied for citizenship in Liberland - 5500 of whom are from the UK. "The situation on the mainland in Liberland is still difficult as Croatian police illegally persecute all visitors and settlers," he says. Official business is conducted over email, and Skype calls keep the 100 Liberland representatives in different nations in communication. The nation accepts bitcoin, bitcoin cash and Ethereum for its financial operations and donations, which roll into the "billions", and the state budget is distributed among almost a dozen cryptocurrencies.


Source: Stuff February 19, 2018 21:40 UTC



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