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Tech Billionaires Launch Fund to Create New Libertarian Societies (www.vice.com)

submitted 11 months ago by [email protected] to c/[email protected]

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More efforts from tech bros to build Rapture.

Interesting quotes:

it had backing from tech heavyweights such as billionaire Coinbase CEO Brian Armstrong, AngelList co-founder Naval Ravikant, and venture capitalist** Fred Wilson**, a Coinbase board member who sold his shares in the company for $1.8 billion after it went public in 2021.

“Bitcoin, if it wins, completely changes the world, because it changes the ability of centralized states to do what they’ve been doing,” Srinivisan said in a presentation delivered to a Bitcoin conference in Amsterdam in October.

The Bitcoin-based Network State will be based on “internet values” such as “open source” and “peer-to-peer,” Srinivasan has written.

An utopia run on Bitcoin? What could possibly go wrong?

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[–] [email protected] 2 points 11 months ago (1 children)

@sculd We have corrupt states and corrupt billionaires. Neither is good

[–] [email protected] 1 points 11 months ago (1 children)

Neither are good but if I have to choose one....Corrupt state usually need to pretend they are doing good. Billionaires just say fuck you

[–] [email protected] 3 points 11 months ago

@sculd
Human societies have periodically tried Plutocracy. It never ends well, usually ended in warlord periods, famines, servility for the masses, and mass slavery.