Bitcoin was born in 2009 thanks to the visionary mind of Satoshi Nakamoto for a financially decentralized world.
In the beginning, this platform was perceived as submissive and innocent technology. It was so underestimated that few were those who invested or bet on it through their bitcoin (BTC) currency.
The majority of the first investors did not take their investments very seriously.
An example of this was the case of the programmer Laszlo Hanyecz who paid 10,000 BTC for two pizzas, a decade later these two pizzas are considered the most expensive in the history of humanity, calculate why.
What the world (people) did not expect is that this technology would grow to the point of inspiring a host of blockchain projects little by little.
Together with Bitcoin, these projects would become an excellent alternative. These are projects that we know today as the decentralized finance of the 21st century, that is, the decentralized cryptocurrency market.
But this does not end here. Up to this point, it is understood that we are talking about financial and digital technology.
However, this phenomenon hid a secret background that we could call the “cultural gene” that was beginning to grow and develop in the environment of cryptocurrencies decentralized.
All the values that make this technology unique, including autonomy, transparency, and decentralization, are no longer exclusive to the blockchain protocol.
Blockchain technology is evolving into every aspect of our social life.
Blockchain technology is being applied to all kinds of purposes and tasks of human life, such as medicine, public services, agriculture, telecommunications, finance, among many more.
Check out this interesting article on Remitano (or ref: The Blockchain Application Series: Healthcare)
One of the main sectors that are beginning to attract a lot of attention is the creation of autonomous cities, made up of its decentralized monetary system, cities that in this article we have decided to call “crypto-utopias,” whose main examples we are pleased to review in this article –
It is a city of 150 hectares in southern Norway. Its main objective is the absolute autonomy and independence of the government, as John Toralf Holmesland, head of Liberstad Drift AS, makes this clear, adding:
“We want a society where people decide for themselves and can live together without government authorities. We want a community without government coercion, blackmail, surveillance, or unnecessary violence. “
The most interesting thing about this project is that it is structured and armed under the libertarian ideology of decentralized cryptocurrencies.
Proof of this is that on February 12, 2019, the non-profit association Liberstad Drift, officially announced the creation of a cryptocurrency called City Coin (CITY).
All operations within the city are conducted with this asset. In fact, since then, trading with any fiat currency is prohibited.
But there is even more. CITY is interoperable with the smart city platform, powered by the Liberstad blockchain “City Chain,” which allows city residents and entrepreneurs to build and offer services “privately internally and voluntarily.”
Another interesting fact is that future residents will be able to communicate through a municipal application called “City Hub.” With City Hub, they will be able to carry out all their civic functions, such as identity management, creation of community initiatives, voting processes, registrations property, insurance contracts, among many other local activities.
Check out this interesting Blockchain Application Series about identity management
Floating Islands in French Polynesia
It is a smart city concept built through the floating islands format in the tropical country of French Polynesia.
This project also seeks to build on blockchain technology to develop its smart and autonomous city concept. The floating city already has a cryptocurrency called Varyon (VAR) that will enter into circulation in 2022.
With VAR, payments will be executed in the town, however, unlike the Liberstad project, its compulsory use is not intended, but that citizens choose it for its benefits and performance.
The most exciting thing about this utopian, autonomous and libertarian city project is that it aims to become the solution to various problems that humanity is currently facing:
1. Climate change: Specifically, global warming is causing sea-level rise. Global warming is a situation that results in the sinking of many islands and cities in the world. Natural islands like the French Polynesia are prone to such natural disasters.
This is why the island is an ideal scenario to carry out this experiment by the non-profit institute “The Seasteading Institute” and the company; “Blue Frontiers” conformed by specialized professionals from all over the world located in French Polynesia.
2. The development of new ecological and self-sustainable technologies that aim to solve the problems that humanity is facing. An example of this is the type of electrical energy projected to be used on the floating islands.
The power will come from solar panels and wind turbines to obtain clean and renewable energy.
3. Faced with the governments of the world’s ineffectiveness to face these environmental problems, crypto-utopias such as the floating islands of French Polynesia intend to become an example of autonomy and solutions to the problems of citizens in the world.
4. New technologies such as cryptocurrencies and blockchain technology for the development of autonomous and decentralized smart cities.
Randolph Hencken, CEO of the institute adds:
“We believe that humanity needs to start looking to the oceans for innovative solutions to the world’s most pressing problems: rising sea levels, overcrowding, poor governance, and more.”
For more details, visit www.blue-frontiers.com.
It is a project that is conceived through the imagination of a group of wealthy businessmen and women in the world of decentralized finance, most of them from the city of Los Angeles, California, USA.
In search of an ideal city to create their crypto-utopia, this group of entrepreneurs found the capital of Puerto Rico, San Juan.
The paradox is that the events of Hurricane “Maria” in 2017 triggered the attention of businessmen to the region. They saw Puerto Rico as a win-win situation because they see not only the opportunity to avoid paying disproportionate taxes in Los Angeles, but also a way to provide jobs on the Puerto Rican island.
The project will also help raise the city, where they have already bought a series of properties with the intention of starting to build the infrastructure of the crypto-utopia, in which they even plan to have private airports and docks.
At this precise moment, they are still debating the city’s model, specifically whether it should be integrated into San Juan, or should be created from scratch on an isolated surface of the capital.
For the time being until they find their territory, the puertopianos are in the Monastery Art Suites, a hotel of 1860 square meters that they rented as a base.
Another interesting fact is that the Puerto Rican government has a good reception with the idea and the crypto-utopians, especially Governor Ricardo Rosselló, which is an uncommon scenario among the governments of the world.
Why is Puerto Rico ideal for the Puertopia (Sol) project?
According to the New York Time:
“Puerto Rico offers an unrivaled tax incentive: There are no federal taxes on personal income, there are no taxes on capital gains, and there is favorable taxation for businesses, all without giving up US citizenship.”
Unlike the crypto-utopias of Liberstad and the Floating Islands of French Polynesia, the project Puertopia (Sol) is a little more behind schedule. Still, paradoxically investors are already living in the place, so we must trust their words and promises:
“It is the first time in human history that someone who is not a king, a government, or a god can create their own money.”
“So when Brock (crypto-business colleague) said, ‘We are going to move to Puerto Rico for the low taxes and creating this new city,’ I immediately responded, ‘I am going.’ – Reeve Collins BlockV CEO and Tether Co-Founder
Like other blockchain cities, one would assume that Puertopia (Sol) will have its own cryptocurrency.
Halsey Minor, the founder of the CNET news site, which is moving its new blockchain company called “Videocoin” from the Cayman Islands to Puerto Rico, concludes by saying:
“You have never seen any industry be the catalyst for a place like what you will see here.”
In Conclusion, The three crypto-utopias mentioned above are evidence that we are currently undergoing a process of a global transformation. An essential sector of humanity has understood that the time has come for another type of freedom, a different kind of independence.
A world that will deliver the autonomy that most human beings seek to have from the governments that control our finances and our lives.
Projects in cities such as “Liberstad,” “the floating islands in French Polynesia,” and “Puertopia (Sol)” are clear signs that the arrival of Bitcoin with its blockchain technology embodied the solution of that need (greater freedom). Blockchain is evolving beyond being just a technology to become a philosophy and a new world order.
Hopefully, even in the not too distant future, we can see one of these libertarian cities in Nigeria.
So here’s the question, would you live in one of these crypto-utopias either outside or inside Nigeria?[Sponsored Content]