Topic: The First Political Zone to Officially Recognize Cryptocoins - page 3. (Read 15151 times)

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I've met Edan and he's a very capable individual.

I'm looking forward to hearing more about the project - if it were ready, I'd consider registering bitBlu, my own startup, in that zone today, instead of any other jurisdiction). We can't wait for the zone to become active though...

Fascinating presentation by Edan Yago. I was dubious before but it does seem like this group has their act together. Whether this could all work or not is open question, but that's what experiments are all about. I'm intrigued!

Wow this is great man, do you mind telling me where this Politcal Zone is located?

No, I'm pretty sure Yago was talking about a new jurisdiction, not another attempt at Honduras.

Honduras may be on again: Honduran "Free Cities" Plan Fully Re-Approved by Its Government, Reason.com

Some comments from the YouTube video of Edan Yago's presentation at Bitcoin 2013:
- Edan Yago is a good speaker and it's worth watching if you're interested in free cities.
- It sounds like the territory will be created from an unpopulated area of a Caribbean nation with beaches, one that currently has bad governance.
- It should be more free than any country in the world or the proposed Honduran free zone.
- Law will default to common law, but you will be able to opt into other legal/arbitration systems instead, for contract, civil, and even some criminal matters.
- It will be funded primarily by land leases, but they will also have fees for services. An example of the latter would be a stamp fee on a contract to fund arbitration.
- There will be no taxation of income, assets, etc.
- They will explicitly recognize crypto-currencies, despite the acknowledged ideological blemish of recognizing any currency at all. They expect to be able to work with Caribbean banks and follow international rules when interacting with government-sponsored currencies.
- They aren't involved with Paul Romer. Yago's group won in Honduras; Romer's lost.
- Drugs would apparently be illegal there (he didn't acknowlege that as another ideological blemish).
- They'd try for the thinnest platform of law possible, e.g. setting up a corporation would be as easy as registering a domain.
- They expect to announce it in November, 2013.
- They're keeping it low profile, as media attention drew the opposition from vested interests that scuttled Honduras.
- They'll have their own security force but no military.
- They wouldn't offer citizenship or have embassies or a foreign policy independent of the host country, but would have an immigration policy and provide residency.

Yago's Twitter is https://twitter.com/EdanYago.

Please do copy it and spread the word. The world seems to equate democracy and freedom, though democracy is actually just the tyranny of the majority (John Adams is credited with that phrase, though the idea goes back to at least ancient Greece).

Dammit. I'd be like a 3rd-gen copycat if I stole it too.

I didn't hear about the MKG attempt falling through, but it wouldn't be surprising to hear that after MKG left the table the OP's organization tried to pick up where he left off.

I guess it could be Belle Isle too, but I doubt it... Yago doesn't look like he'd make it out of Detroit alive.

That effort failed, though I did read something about the Hondurans trying to pass new legislation.


I loved it too, when I saw it on an Erik Vorhees post, so I copied it.

Well I can't be sure, but it sounds a lot like this:

http://www.foxnews.com/world/2012/09/11/private-city-in-honduras-will-have-minimal-taxes-government


BTW; I love your tagline. Brilliant.

They've never said what territory they're targeting. If they've said it's Honduras, please point me to where they have.

Both Simon Black and Jeff Berwick have "Galts Gulch"-like communities near Santiago, Chile.

Both of these very smart AnCap freedom fighters picked Chile out of the whole world because it truly is the freest of all countries right now, so they decided to make these agricultural-based retirement villa communities there and sell land for retirees and people who are pretty much just sick of living under the USSA's tyranny.

These are not related to the Honduran zone that this thread is about. The Honduran experiment sounds truly interesting but somewhat risky because there is nothing to stop Honduras' government from seeing their success and eating their lunch.

In fact, If this community did well, it wouldn't be Honduras that they would have to worry about directly... It'd be a particular large country that is situated somewhat to the north of Honduras that has an impeccable history of sending in agents to invade and destabilize pretty much every successful country that ever tried to become civilized anywhere below it.

Honduras might help, but they wouldn't be in charge of the raid.

No, it sounds like they're just selling Florida swampland to me (or the Chilean equivalent). It's nothing to do with this thread (it's not a political entity at all).

Do they have any exemptions from Chilean govt?  Can't find any details on the site...

Video of the presentation is now available:

http://www.youtube.com/watch?v=3-oySaDJHoI

So is this really in Nicaragua?  That seems kind of difficult to believe.

That's more of a resort with a gimmicky name than an actual political zone.

That is a different person from the OP.

http://dollarvigilante.com/blog/2013/5/27/ayn-rands-vision-of-galts-gulch-has-become-reality-as-of-tod.html

So is this it?  In Chile?