Tech · World

Crypto billionaires creating a world where money influences voting.

2 sourcesFirst reported 11 days agoUpdated 10 days ago

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A group of crypto billionaires is establishing a new model of governance in a territory called Liberland, located between Serbia and Croatia.
In this proposed nation, voting rights are linked to the amount of cryptocurrency tokens an individual holds.
Liberland operates with no taxes and intends to use blockchain technology for its government functions.
The founders believe that traditional democracy has failed, which motivates their efforts to create an alternative system.
The project is described as an experiment for the future of governance amidst ongoing discussions about the role of money in democratic processes.

Generated by AI from the 2 sources below · always verify with the originals

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Story timeline

11 July

A tax-free 'country' in the Balkans allows crypto millionaires to purchase votes.

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11 July

A tax-free 'country' in the Balkans allows crypto millionaires to purchase votes.

AI summary: catch up in 20 seconds

A group of crypto billionaires is establishing a new model of governance in a territory called Liberland, located between Serbia and Croatia.
In this proposed nation, voting rights are linked to the amount of cryptocurrency tokens an individual holds.
Liberland operates with no taxes and intends to use blockchain technology for its government functions.
The founders believe that traditional democracy has failed, which motivates their efforts to create an alternative system.
The project is described as an experiment for the future of governance amidst ongoing discussions about the role of money in democratic processes.

Generated by AI from the 2 sources below · always verify with the originals