"Whether or not Bitcoin City eventuates, it joins a long and bizarre history of libertarian-inspired attempts to start independent cities and countries." "The city will use bitcoin (BTC) and be powered by the nearby Conchuagua volcano. According to Bukele"
"The plan has quickly been derided by finance commentators as something “worthy of a Bond villain”. "There are doubts construction will ever begin."
The Honduran experiment - "Cities built within “special development regions” would not be subject to Honduran law or taxation. Instead, they would be self-governing under a unique legal framework."
The Republic of Minerva -" In the early 1970s, US libertarian Michael Oliver tried to finance the construction of a new country on a submerged atoll in the Pacific Ocean between Tonga and Fiji. There would be no tax and no social welfare in his laissez-faire paradise."
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