"A wealthy bitcoin investor wants to set up his own court system within a libertarian community on a Caribbean island as part of the tech-backed “network state” movement.
Olivier Janssens’ company, South Nevis Ltd, is buying up land on Nevis for his proposed “Destiny” development — the first scheme of its kind on the island, which has been enabled by a new Nevisian law.
Destiny, which the island’s government has called a multibillion-dollar project, is due to involve a massive reshaping of the south coast of the island, including villas and medical clinics.
Speaking via video link to a panel of islanders in late November, Janssens criticised Nevis’s court system for lacking “efficiency . . . And if we’re just going to copy that, it’s not attractive to people to come.”
Instead, he said Destiny could “propose that for certain matters we have our own efficient court systems”, but would ultimately “still abide by” the national legal system.
The scheme, a series of lush green terraces and pools, has been designed by Skidmore, Owings and Merrill, the architects behind 7 World Trade Center in New York and the Broadgate Tower in London. Janssens declined to comment on its cost or the price of homes within the development.
Destiny is part of a trend in which wealthy figures in technology and crypto try to establish their own, more libertarian, territories, known as the “network state” movement.
A few have collectively received hundreds of millions of dollars in venture capital from funds backed by the likes of investors Peter Thiel and Marc Andreessen, OpenAI founder Sam Altman and Brian Armstrong, Coinbase chief executive. Many remain theoretical at this point."
#Cyberlibertarianism #NetworkState #Crypto #Cryptocurrencies #Nevis #Destiny
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