Topic: Equitoria - A state built on Bitcoin and blockchain (Read 68 times)

Your Highness Equitoria Duke, LOL - Please allow me to address you thusly.
Establishing a sovereign nation in the cyberspace has been the dream of countless world citizens. However, it is difficult to achieve - after all, it is hard for even the leaders of real-world sovereign states to accept the fact that a self-proclaimed, territory-less, and citizen-less entity should be recognized diplomatically, even if the leaders of sovereign states were to become apes.
But nothing is inherently justified, including countries.
Let's build a nation together!

Next, I will humbly offer my suggestions.
NO.1 Our founding charter, or what flag will we raise?
Your Highness, from your statement, we can summarize the following points: this country is a virtual nation founded on a blockchain network; this country has its own sovereign token; this country has no taxes; this country is a direct democracy.
The formation of a country is the identification of people based on the same goal, and the gathering of their powers to achieve that goal. What powers do we need Equitoria citizens to cede? They need to identify with Equitoria's philosophy, accept Equitoria's sovereign currency, and accept Equitoria government's right to conduct diplomacy and mint coins. What can they get in return? They can get diplomatic protection from Equitoria government, tax exemption from Equitoria government, and voting rights.
Compare these powers ceded and benefits with those of real-world countries, we will find that the biggest draw is tax exemption.
But the virtual world is ultimately dependent on the real-world level. The money people get in the virtual world is only meaningful when it is consumed in the real world. However, real-world consumption is inevitably related to the issue of taxes - this will form a deadlock.
How to break this deadlock and make the tax-exempt promise a reality?
I humbly suggest: Equitoria will exempt its citizens from taxes, but "tariffs" and "corporate income tax" cannot be avoided.
In the virtual nation, "tariffs" have another term, "cross-chain transaction fee". And "corporate income tax" is aimed at organizations that rely on Equitoria this country - or this public chain, such as DEX.
The taxes obtained from these two aspects will be distributed to citizens in the form of subsidies, so that citizens can pay taxes when they consume in the real world. In another way to achieve citizens' "tax-exempt freedom".
Our slogan is only one - save citizens from taxes!

No. 2 Where do our citizens come from?
Of course from the cryptoworld! Right? ！
Equitoria will be a public chain that will be an application based on biometric registration. We do not want citizens to be able to create countless wallet addresses - this will mean that you have countless avatars. We allow citizens to have a main address, as well as a backup address - you can purchase insurance, and when your funds are stolen on Equitoria, please immediately report to the Equitoria government, and the Equitoria government will cut off the outflow of your stolen funds. At the same time, compensation will be distributed to your backup address. If the stolen funds are recovered, they will also be sent to your backup address, and your main address will be permanently banned, your backup address will be upgraded to a main address, and you can establish another backup address.
Since this is based on biometric registration, every user of the Equitoria public chain will receive a soul-bound NFT (SBT) generated based on your biological features. This SBT is the citizen ID card of the Equitoria realm,

NO.3 How can our diplomacy be achieved?
It seems unrealistic to expect sovereign states in the real world to recognize us directly - perhaps Nauru would be willing to recognize us, but only for a price.
There are countless unrecognized political entities in the real world, which are our top priorities in diplomacy - just like huddling together for warmth, we all have the same aspirations, which will greatly reduce our diplomatic resistance.
Our citizens will gain access to other political entities based on their SBT and enjoy normal foreign citizen treatment.

NO.4 Do we need territory?
Do we need our own land?
I believe that the citizens of Equitoria do not need it, but the Senate (i.e. DAO organization) and government of Equitoria do.
We will learn from the Knights of Malta. Its citizens are spread all over the world, but it only has one building of its own - we also need such a building.
Yes, this is based on the Westphalian System. We must have actual territory in order to finally shake hands with the real world.

No.5 Where do our income sources come from?
Your Highness Duke of Equitoria, you tried to invest the treasury. Permit me to say frankly, the investment of sovereign funds is still too risky for Equitoria in the initial stage.
As I said, why not try operating Equitoria as a public chain?
Only by becoming a public chain can we obtain various benefits from gas, nodes, cross-chain, DEFI, thereby supporting Equitoria's tax-free dream.
Only with these benefits can we have the ability to build our treasury.

These are some suggestions that I came up with off the top of my head.
I believe that the establishment of the Equitoria nation should follow the following steps:
1. Form an initial team for the Equitoria public chain, including management, technical, operation, and publicity personnel.
2. Publicize and introduce the project to obtain seed round investment.
3. Make a DEMO and obtain angel round investment.
4. Test the chain and launch it to attract public interest and seek public recognition.
5. Open the donation channel and obtain public donations, which will be recorded for future proof of title.
6. Launch diplomatic relations with other unrecognized political entities.
7. Attract external teams to join the Equitoria public chain application development.
8. Launch the A round of financing to build cross-chain channels.
9. Test Equitoria's consumption linkage with sovereign nations.
10. Launch the B round of financing.
11. Announce the list of recipients of honors and the rules of referendums.
12. Launch the C round of financing.
13. Launch the Odyssey event.
14. The public chain will officially go live for operation.

I was wondering, if a new city-state country was formed today in a world of blockchain, web3 and defi and around the principles of this decentralization and inclusion, what might that country look like?
A country that encouraged decentralisation and non-custodial finance, that supported citizen rights to privacy and direct democracy, that made the "state" as small as possible with the state focussing on just what it needs to focus on while channelling governance and wealth towards its citizens.

So I wrote a draft constitution around this idea and some posts on some aspects of such a micro state, such as how state economics might work, how citizens would get directly involved in democratic governance, even how it would encourage family values and responsibility from its citizens. A state that had DAO's for government departments, memecoins for expressing citizen ideas, cryptocurrencies as legal tender, assets on chain etc. Perhaps the most unusual idea is whether a state could be formed that had no taxes but instead, the state operated through direct democracy with a treasury operating more like an investment fund, investing into citizen projects as a shareholder, earning fairly as a shareholder and then using its earnings to fund public services and re-investing into society. Aligning incentives between the state and its citizens with the citizens holding the power.

I'd be interested in peoples feedback and involvement, whether it remains a thought experiment or becomes something more, the worlds first web3 tech based micro-state.

https://medium.com/@Equitoria
https://equitoria.org/