Gentlemen,
The time has come. We have been talking to several governments and I am pleased to announce that we will start pre-selling land shares for the autonomous zone we are negotiating. Sales will begin on the 22nd of January at 20:00 CET. All transactions will be triple signed with a third party mediator, and we will not get access to the bitcoins until a deal with a government is signed.
You can visit our website at
http://www.freesociety.com I have pasted the website's Q&A for your reference.
Our site will be continuously updated over the next week(s). Feel free to ask any questions you may have in the meanwhile.
Q&A
What am I buying?You are buying land in an autonomous region. The money will be locked into third party escrow through triple signing. The funds will not be released until an autonomous land deal with a government is signed.
What is triple signing?Bitcoin allows for a transaction to be signed by 3 parties. If 2 out of 3 agree, the coins get released to the address of choice.
Who is the escrow agent?We will announce the third party escrow/arbitrator shortly. It is a well-known agent.
Where is the land located?We have started up discussions with several governments. The location of the land will depend on which government gives us the best price and conditions.
Why ask money upfront?It will make our discussions with governments easier, since we already have the deposit readily available (although locked by triple signing, so you are not taking any risks).
Define ‘autonomous’Having the freedom to govern itself or control its own affairs
Will there be a constitution?We are currently discussing with several prominent people in this area. Our goal is to gain as much freedom as possible, without reverting into lawlessness. On the other hand, we also do not want to recreate government. So we are considering building the basic rules of society into the land contract. We will disclose more on this topic later.
How many square meters will be sold?Right now we are selling 100k square meters (approximately 1 million square foot) through the auction. 1 square meter will be auctioned off every hour. (subject to change before launch)
How much can I expect to sell the land for later?Hard to say. Since we will be tax free, and probably the most free country in the world, we expect prices per square foot to be substantial. In Monaco, Hong Kong and London, people pay up to $50,000 per square meter (or $5,000 per square foot). And that’s for space in a high rise building, which means the price for the actual land will be much higher than that.
Can I trade the land in the meanwhile?We will soon implement trading facilities on our website.
How do we know you will not run away with the funds?We don’t get access to the coins until we have signed a deal with a government. All transactions are triple signed with a third party escrow firm. We need 2 out of 3 signatures to get them, and they won’t be given to us unless the necessary conditions have been fulfilled.
What happens to my coins if you vanish?The third party escrow will release the coins back to you. All transactions are triple signed. When 2 parties agree, they can release the funds to the address of choice.
Can’t the escrow firm run away with the funds?No. Transactions are triple signed. This means you need 2 out of 3 to agree before the coins get released.
What happens in case of a dispute?Disputes will be resolved through private arbitration. The escrow has agreed to abide by the decision of private arbitration. At this point they will release the coins to the prevailing party.
Why do you do this?We think the world is being held back by governments that have become far too limiting and inefficient in their current form. We believe that a truly free society will be able to substantially accelerate innovation and move mankind forward at unprecedented speed. Our goal is to make this free society a reality.
What’s in it for you?We will be able to keep the difference between what we have to pay an existing government for autonomy, and the money we collect from selling the land.
How big will the total area be?We are aiming for at least 5 million square meters.
Will you sell more land in this way after the first batch?We don’t know yet. Either way there is going to be a limited supply.
Who are you?We are a group of free thinkers. In the future we might come forward with our identities.
What happens if something happens to you?We have put the necessary continuation plan in place. Besides, now that the idea is out in the open, it will be done with or without us. The most important thing is that it gets realised.
What makes you unique? Hasn’t this been done before?Cryptocurrency triple signing makes it possible to collect the money up front, without needing to trust one party. This will make it possible to negotiate with governments from a strong position, cause we have the funds readily available. It also protects us from an existing government, that doesn’t like the idea, from trying to take the money in the meantime.
What will other governments say, what will the impact be?Today governments are already competing with each other. In a market, when someone comes with a better product, it will motivate the existing players to improve their product too. So we think this should have a good effect on society as a whole.
How will the land be divided? What if I only own 1 square meter?We are working on the right structure for this. We are considering diving the area in land plots, where people can pool together to get one. What they do with it later, will be agreed in the pool upfront. The total landshares sold will always equal the total amount of square meters. For example, when we have sold 100k landshares, we might divide them into 10 plots of 10k square meters. This will prevent you from ending up with 1 meter in an unreachable area.
What if one land plot is in a more valuable area?In this case, more landshares could be bid on it. However, the total landshares sold will always equal the total amount of square meters. For example, when we have sold 100k landshares, we might divide them into 10 plots of 10k square meters. Some plots may go for 10 landshares per square meter, while others may go for 0.1 landshares per square meter. But in the end it will equal the 100k landshares.
Contact UsQuestions:
[email protected] General:
[email protected] Press:
[email protected]To make this announcement more legit, I verified the post ID with a bitcoin address that contains a substantial amount of bitcoins and shows that we have been here since the beginning.
http://brainwallet.org/#verify-----BEGIN BITCOIN SIGNED MESSAGE-----
Verifying bitcointalk post topic 409408 for freesociety.com
-----BEGIN SIGNATURE-----
16TPVCpvtJ6FkV5xNKBp35aMo4BWFGxiEY
G2vyQzEPBegkjuIUkCNVcGZvDhDB8iqgpH8n7kcWFk78pKQMCQc+6kNvm54GvvPGyahhhw3sgYN4gorFNEZm2j0=
-----END BITCOIN SIGNED MESSAGE-----
https://blockchain.info/address/16TPVCpvtJ6FkV5xNKBp35aMo4BWFGxiEY 
