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?

    • interolivary@beehaw.org
      14·
      11 months ago

      The only libertarian I personally know is anti-LGBT+, just not as rabidly outspoken about it as a “regular” conservative. He’s the sort who’d be happy with gay people being murdered on the streets as long as he doesn’t have to do it himself

      • sculd@beehaw.orgOP
        3·
        11 months ago

        That is my observation as well. When it really comes to personal liberty they don’t really care. Remember that libertarian tech bro like Peter Thiel (who is gay btw) somehow thought the world is “too woke” and continues to fund conservative politicians taking away gay rights.