Making a Crypto Utopia in Puerto Rico

Subject: Making a Crypto Utopia in Puerto Rico Sun Feb 04, 2018 7:19 pm

SAN JUAN, P.R. — They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.

Making a Crypto Utopia in Puerto Rico Merlin_133068149_38a91507-add0-4389-abc6-0137eab8f454-superJumbo

Making a Crypto Utopia in Puerto Rico Merlin_133068149_38a91507-add0-4389-abc6-0137eab8f454-superJumbo

Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading en masse to Puerto Rico this winter. They are selling their homes and cars in California and establishing residency on the Caribbean island in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which now reach into the billions of dollars.
And these men — because they are almost exclusively men — have a plan for what to do with the wealth: They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like. Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society — and the Puertopians want to prove it.
For more than a year, the entrepreneurs had been searching for the best location. After Hurricane Maria decimated Puerto Rico’s infrastructure in September and the price of crypto currencies began to soar, they saw an opportunity and felt a sense of urgency.

More: https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html?&moduleDetail=section-news-1&action=click&contentCollection=Technology®ion=Footer&module=MoreInSection&version=WhatsNext&contentID=WhatsNext&pgtype=article
_________________
Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann

Making a Crypto Utopia in Puerto Rico

Making a Crypto Utopia in Puerto Rico

Anarcho-Capitalist Categorical Imperatives

AnCaps' Laissez-faire Free Trade Zone