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124

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

submitted 11 months ago by sculd@beehaw.org to c/technology@beehaw.org

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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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[–] teawrecks@sopuli.xyz 10 points 11 months ago

Of course "libertarian" here is code for "oligarchy", because they know modern libertarians in the US are aggressively apathetic, will let them get away with anything, and thus form a perfect base to appeal to and dominate.