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Topic: Self-styled Indian Guru has floated his own country allowing CryptoCurrency - page 2. (Read 403 times)

full member
Activity: 1106
Merit: 166
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Kailaasa is not really a country until UN approve it as nation,even it is not a micronation until Kailasaa gets supports from 5 neighbour countries as a nation.

Nithiananda is a spiritual activist but actually a criminal in India,Police from different states of India looking for him so he want to hideout under a new nation.But I like that idea of cryptos will be used in their nation because it will take lot of money to create their central banks and print own money and getting recognization.
legendary
Activity: 3080
Merit: 1500
This fellow will end up being another Osho like character! The current position of India in world politics is pretty good and they can easily drag this fellow under the supervision of law!

Ecuador has already denied the asylum to this suspected criminal charged with pedophilia and rape! He is digging his own grave!
hero member
Activity: 616
Merit: 526
Anything announced by Nithyananda shouldn't be believed at all. News like this are just for a good laugh. He is a wanted criminal and is on the run. He had claimed he purchased an island from Ecuador and formed his own country but Ecuador has denied it announcing, "Nithyananda has not been given asylum by Ecuador or has been helped by the government of Ecuador in purchasing any land or island in South America near or far from Ecuador." There are rumors that he is trying to seek asylum in Haiti or Mauritius.
hero member
Activity: 1764
Merit: 584
snip
The only reason this guy is doing this though is because he has a rape allegation on him and he doesn't want to be tried. Cryptocurrency has just came forth because he thinks that he can make some money off of it.

Which is why I mentioned Mormonism. Committed a crime? Build a cult around you and grow it large enough that you become untouchable.

I bet there's still some people who'll fall for this. The money is likely gonna used to pay for his lawsuit.
hero member
Activity: 1330
Merit: 569
Not to sound like a non-believer but projects like this tend to die a natural death because of certain fundamental structures that needs to be put in place before making such bold move. The promoter of this new country for one I don't know his antecedents, neither is he popular enough to even attract the attention of the local government he is currently residing because I don't see an individual no matter the number of followers he has, would be bold enough to declare such in a sovereign country and not have a day with the law of the land but now I think the internet has made things easy but that does not exclude him. Time will tell though.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
Not really a country without territory. Last I heard from Roger Ver's on project, he's still looking for land to buy, assuming any country would be willing to sell land that they'd lose sovereignty over.

In the meantime, just treat this project with caution like with any new investment. I'd be wary of the guy just based on his status with the police. But then again, this movement can turn out like Mormonism and being an early adopter pay off later.

Seems like he bought an Island from the Vice article though. So I assume he does have land.

The only reason this guy is doing this though is because he has a rape allegation on him and he doesn't want to be tried. Cryptocurrency has just came forth because he thinks that he can make some money off of it.

This is stupid, and nothing is going to come out of it.
hero member
Activity: 1764
Merit: 584
Not really a country without territory. Last I heard from Roger Ver's on project, he's still looking for land to buy, assuming any country would be willing to sell land that they'd lose sovereignty over.

In the meantime, just treat this project with caution like with any new investment. I'd be wary of the guy just based on his status with the police. But then again, this movement can turn out like Mormonism and being an early adopter pay off later.
full member
Activity: 214
Merit: 278
Interestingly, many uber rich Crypto evangelists are trying this for long.

For example, Free Society is spearheaded by Olivier Janssens and Roger Ver - https://www.freesociety.com.

Libertians also formed one, known as Liberland - https://liberland.org.
sr. member
Activity: 860
Merit: 423




Website: https://kailaasa.org/

News 1: https://theprint.in/india/nithyananda-moves-on-to-his-own-hindu-nation-kailaasa-but-memories-of-his-dark-past-haunt/325050/

Quote
Apart from several government departments, Kailaasa is also said to feature a ‘Department of Enlightened Civilisation’, which will revive “Sanatan Hindu Dharma”. It also claims to have a Dharmic Economy, Hindu investment and a reserve bank where cryptocurrency will be accepted.

News 2: https://www.vice.com/en_in/article/zmjpaa/rape-accused-godman-nithyananda-fled-india-bought-an-island-and-has-now-started-his-own-hindu-nation

Quote
This new nation even has its own website and claims to have a dedicated flag, passport, emblem and even a separate currency which will expand into a cryptocurrency.
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