[CryptoNews] Liberland Set To Become The First Blockchain Country In The World

in blockchain •  2 years ago 

Screen Shot 2017-10-25 at 1.31.45 PM.pngLiberland, with the official name “Free Republic of Liberland” is the freeest country on earth and could become the first blockchain country in the world. The nation is planning to build its entire governmental structure on Blockchain technology with decentralized autonomous organizations. The country is based on Libertarian ideology. Taxation in Liberland is completely voluntary. Liberland does not plan to have any official fiat currency, instead, it will use cryptocurrencies.

History of Liberland
Liberland is a sovereign state located between Croatia and Serbia on the west bank of the Danube river. This area along the west bank of the Danube river, was a no man’s land, and not claimed by Croatia, Serbia or any other country. Vít Jedlicka, a Czech politician, took this opportunity and formed a new state in this unclaimed territory, called Liberland on 13 April 2015. The nation has total area of approximately 7 km² and is now the third smallest sovereign state, after the Vatican and Monaco.

Motto of Liberland
The motto of Liberland is “To live and let live”. Liberland prides itself on personal and economic freedom of its citizens, guaranteed by their constitution, which limits the power of politicians in such a way that they do not interfere too much in the freedoms of the Liberland nation. Vit Jedlicka, President of Liberland, aims to create an autonomous nation capable of sustaining with the minimum intervention of government authority.

The objective of the founders of the new state is to build a country where honest people can prosper without being oppressed by governments making their lives unpleasant through the burden of unnecessary restrictions and taxes. One of the reasons for founding Liberland is the ever expanding influence of interest groups on the functioning of existing states and the consequent worsening of living conditions of people. The founders are inspired by countries such as Monaco, Liechtenstein or Hong Kong,” the founders said in an official press release when the country was founded in April 2015.

Main objective of Liberland is to get rid of bureaucracy, get rid of involuntary taxation and to set people free. Liberland is built on the legacy of Thomas Jefferson, on the spirit of American Revolution. Liberland is welcoming people who are not happy with their own democratic system because they are squeezed by their government for taxes and hence they can’t do their business freely, people who feel that they could do better if they don’t have to deal with so many paper works or obstacles they are facing from their government.

Half a million people have already applied for citizenship of Liberland, although citizenship will likely be granted to only a maximum of 5,000 people in the near future.

Blockchain in Liberland
Liberland has a voluntary taxation system. Nobody is forced to pay taxes in Liberland. All the contributions are voluntary. Dividends will be given to the contributors in terms of the tokens from the ICO’s from the Liberland nation. Liberland will be first ICO running country. The dividends will be based on the income that the nation makes. People have the option to decide if they want to trade the Liberland tokens with other tradable cryptocurrencies or lock it with the Liberland Government. People who lock their share with Liberland government will get a share, a dividend, a voting power. They will be the ones who will be making decisions in Liberland. Citizens of the nation will be able to reach out to the decision making shareholders and that system is called double democracy, which is going to be the future of Democratic Governance model.
Not only Liberland Company will be on decentralised platform, Liberland country will be running on DAO (Decentralized Autonomous Organizations). Entire jurisdiction will be decentralized. It will based on juries which will be on blockchain and if citizens don’t like the verdict, there will be another round with more juries.
You don’t need to have bank accounts in Liberland. The services of the police will also be decentralized. But Healthcare will be organized by private sector at the moment since there are many recognized healthcare providers presently.
According to Vit Jedlicka , he will probably be the first and the last president of Liberland. Their constitution says that there will be no more presidents. He wants to step down as soon as the system starts to function seamlessly.

Original Article


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