Just when you thought you couldn’t possibly be more disgusted by billionaires, there’s this. I think it hurts just to read about it. A new micro-nation dubbed the Free Republic of Liberland on disputed territory between Serbia and Croatia has a goal of being truly libertarian and is being designed to run entirely on cryptocurrencies. It is being bankrolled by crypto billionaires. Apparently, it is a country for rich people only.
“To Liberland's wealthy backers, helping the poor - or
indeed any form of taxation or centralised redistribution of wealth - is an
affront to their individual liberty.”
Chinese crypto billionaire
Justin Sun is the country’s prime minister.
“He has also been accused by US regulators of fraud and
market manipulation. Sun denies the charges, and recently reached a $10m
settlement to resolve them.”
His company, Tron, is thought
to be one of the biggest platforms for moving illicit crypto. Including
terrorist groups Hamas and Hezbollah, drug cartels, and mafia networks. Sun,
who looks a bit young to be a billionaire, famously bought an art installation
consisting of a banana duct-taped to a wall for $6.2 million and ate the
banana.
“Sun says Tron has innovated new collaborations with law
enforcement to tackle illegal transactions on the blockchain, leading to huge
declines in illicit volume on the platform.”
He is also a lead investor in
Trump’s crypto venture World Liberty Financial. Both have profited
significantly from the venture. Last year, Sun paid $29 million to fly to space
with Jeff Bezos' Blue Origin company.
Apparently, prototype
micro-nations are a thing. Micro-nations are basically
“…areas claimed as independent nations but not legally
recognised as such. Prospera in Honduras, Peter Thiel's Seasteading Institute,
and Tim Draper's Draper Nation, a fully digital country with Bitcoin as its
currency, are all chasing the same idea.”
I think I’m getting
nauseated. These people apparently believe that blockchain, the energy-wasting
method used by cryptocurrencies to secure transactions, can replace
governments.
Curtis Yarwin, known as the
founder of the Dark Enlightenment, believes that authoritarian government
should replace democratic government and that blockchain technology can run it.
His ideas have been praised by Peter Thiel and J.D. Vance. Apparently, he
favors “an authoritarian structure that sits somewhere in between a
corporation, a monarchy, and a blockchain-run micro-nation.” No, thank you.
He believes that journalists and academics secretly run Western society. He
thinks the countries of the world should be replaced by "corporate
monarchies" ruled over by "CEO-kings".
The BBC article noted the
following, which, as in much of the article, I find disturbing:
“The crypto lobby has now surpassed the fossil fuel
industry to become the most powerful lobby in the US, having contributed $238m
in the most recent election cycle, according to Fox Business analysis. Yarvin,
Sun, Draper, and Liberland all give a glimpse into the future some of them
envision for us.”
This is eccentric corporate
oligarchy at its finest. All I can say is ewe! yucky!
References:
Meet
the crypto billionaires building a world where money buys you a vote. Matt Shea.
BBC. July 10, 2026. Meet
the crypto billionaires building a world where money buys you a vote
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