The Balaji Fund, backed by Coinbase CEO Brian Armstrong and other wealthy tech players, aims to fund “Network States” free of overbearing regulations.

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?

    • sculd@beehaw.orgOP
      28·
      11 months ago

      I feel like they are more dangerous than oligarchs.

      Look at Russian oligarchs. They don’t try to change the world. They know they are not welcomed so just buy properties at London, buy yachts, etc. and then enjoy what they have.

      Tech libertarians seem to view themselves as savior of the world and attempts to change it (for the worse).

      • luciole (he/him)@beehaw.org
        19·
        11 months ago

        Add that whiff of eugenics from the pronatalism mixed with the longtermism and, if they get what they want, we have something closer to good old blue blood monarchs.

        • sculd@beehaw.orgOP
          4·
          11 months ago

          After some reading about Longtermism, it is one of the most bizarre, heartless ideology I have seen.

          It basically tells you to not care about your surroundings and the things that exist now.