Ah, the world of cryptocurrencies. It’s always been weird, hasn’t it? But lately, for some reason, a large number of people have been thinking about an even stranger question – how to create a micronation. Enter the trend of micronation in crypto – attempts to create ideal societies, powered by crypto, in remote corners of the world. Today, we’ll take a look at some of the most intriguing examples of this phenomenon, from the established Liberland to the futuristic Oceanix Busan. So grab your virtual passports, and let’s dive in.
Liberland: A Micronation or a Libertarian Fantasy?
Liberland, located on the banks of the Danube river, has been making headlines in the cryptocurrency community since its founding in 2015. The tiny territory, just 7 square kilometers in size, claims to be an independent state but has not been recognized by any other country. Its motto is “to live and let live”, and its government is based on libertarian principles.
So, what makes Liberland so appealing to crypto enthusiasts? For one, it’s a blank canvas. The country’s founders have stated that they want to create a nation that is free from the restrictions and bureaucracy of traditional governments. Additionally, they see Liberland as an opportunity to experiment with new forms of governance, such as decentralized autonomous organizations (DAOs).
Polkadot: A Platform for Micronation-Building
Obviously, the question “How to create a micronation” is quite difficult. That’s where platforms like Polkadot come in. Polkadot is a blockchain ecosystem that allows different projects to connect and communicate with each other. Its creators have described it as “a heterogeneous multicultural sharded protocol” – a mouthful of jargon that basically means it’s a flexible and scalable platform for building decentralized applications.
Recently, the government of Liberland announced that it had chosen Polkadot as the basis for its governance system. The idea is that DAOs will handle everything from law enforcement to immigration, creating a transparent and accountable government that operates entirely on the blockchain. Whether this experiment in micronation-building will succeed remains to be seen, but it’s certainly an ambitious project.
What is Verdis next door?
“Verdi’s Next Door” is a decentralized application (dApp) built on a blockchain network that uses Verdi’s music or themes as part of its user experience. For example, it could be a music streaming platform that leverages Verdi’s compositions in its playlist or a game that incorporates Verdi’s operas into its storyline.
Satoshi Island: A Haven for Bitcoin Believers
Moving on from Liberland, let’s take a look at Satoshi Island. As the name suggests, this is an island that’s dedicated to all things Bitcoin. It’s located in Panama, and its founders have grand plans for it – they envision it as a “mecca for the global Bitcoin community”.
At present, Satoshi Island is still in the planning stages, but its website promises that it will be a “Bitcoin-first city-state” that offers a range of services for Bitcoin enthusiasts, from mining facilities to co-working spaces. The island’s governance will be based on a decentralized model, with residents using blockchain-based voting systems to make decisions.
Puertopia/Sol: A Crypto Haven in Puerto Rico
Puertopia (also known as Sol) is another attempt to create a crypto utopia, this time on the Caribbean island of Puerto Rico. It was founded in 2017 by a group of crypto investors who were attracted by Puerto Rico’s tax incentives and beautiful climate.
Like Liberland and Satoshi Island, Puertopia aims to create a society that’s free from the constraints of traditional governments. However, its founders are also keen to make it a hub for innovation and technology. They’ve talked about building a “crypto valley” on the island, complete with a research institute, a university, and a startup accelerator.
Crypto Utopia: From Repurposed Cruise Ships to Seasteading
So far, we’ve looked at examples of micronation in crypto that are based on land. But there’s also a growing trend of seasteading – the idea of building communities on the ocean, outside the jurisdiction of any nation. One example of this is the MS Satoshi, a repurposed cruise ship that’s been turned into a floating cryptocurrency hub.
What is MS Satoshi?
MS Satoshi is the Crypto Cruise Ship to be anchored off of the shores of Panama City Panama. The MS Satoshi is a business-focused environment where you can relocate your existing business, set up a new global head office, or come and start a new business and be supported in an environment of like-minded entrepreneurs,” Ocean Builders said on its website.
What is Seasteading?
Seasteading refers to the concept of creating autonomous, self-sustaining communities on the ocean, beyond the jurisdiction of any nation-state. These communities, known as seasteads, would be designed to operate under their own rules and regulations, providing a platform for experimentation and innovation in areas such as governance, technology, and sustainability.
What is Oceanix Busan?
Oceanix Busan is a theoretical project for a highly sustainable floating city to be located off the coast of Busan in South Korea. The project is a collaboration between Oceanix (a floating infrastructure company) and the South Korean government. Oceanix Busan is committed to creating a model for the sustainable development of boats on the water with a focus on social and environmental sustainability. The entire project will be designed for a population of up to approximately 10,000 people and will include a range of amenities including green spaces, public facilities, and renewable energy systems.
Conclusion: The Crypto Utopian Dream
And so, you might be wondering “What do all these examples have in common?” The answer is simple – they are all attempts to create an ideal society, whether it be an Libertarian paradise, a bitcoin mecha, or a completely eco-friendly oceanfront city. The main feature of these projects is that they are all based on cryptocurrency and blockchain technology, which ensures decentralized management and transparent decision-making. This cryptocurrency trying to islands into the blockchain is still in the experimental stages and it is not yet known whether any of these projects will be successful, but we also see that many projects are interested in how to make a micronation. However, we cannot deny the great appeal of the crypto-utopian dream of a world where everything runs on blockchain and where communities can grow and prosper without the intervention of traditional governments.
