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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

As a libertarian, I don't trust these billionaires a single bit to do it.

They are not libertarians, they don't care about the free market, small local business, regulatory and certification companies, or what else. They are very happy to lobby the government to enforce any anticompetitive practices that will benefit them in the long run. They probably just want a new way to evade taxes, they don't give two fucks about libertarianism.

Sadly, tech bros won't see through it and will hype anything these clowns do.