A non-profit organization, Liberstad Drift AS, has launched a tax-free private urban inwardness named Liberstad. Located inwards Tjelland, which is component of the Municipality of Marnardal inwards rural Norway, the urban inwardness is based on Libertarian principles together with highly encourages the work of bitcoin together with other cryptocurrencies.
Liberstad Drift AS is composed of a small-scale squad headed yesteryear John Toralf Holmesland. The role of the non-profit is to constitute together with railroad train Norway's offset private city; Liberstad Drift volition business office every bit the initial operator of the city, every bit good every bit render together with facilitate world service. Holmesland explained the motivation behind edifice a private urban inwardness stating:
"We desire a lodge where people produce upward one's hear over themselves together with tin alive together without authorities authorities. We desire a lodge without authorities coercion, blackmail, surveillance or unnecessary violence."
City evolution was launched on June 1 prior to which parcels of state had been sold to willing participants through its website. The sale of state inside Liberstad was facilitated through bitcoin together with other cryptocurrencies, every bit good every bit the Norwegian Krone.
The urban inwardness is based on the principles of natural rights, private property, self-ownership, the regulation of non-aggression, anarcho-capitalism, voluntaryism, together with complimentary marketplace capitalism. These principles are meant to regulation interactions betwixt members every bit good every bit render direction when it comes to dealing alongside differences. In addition, these principles are too intended to regulation the provision of world services yesteryear both individuals together with businesses.
In monastic enjoin to deport occupation organisation inside the private city, members are required to register on the Liberstad internal-market occupation organisation registry (LIMBR) subsequently which they tin render goods together with services. However, to avoid dealing alongside the Norwegian commerce rules, occupation organisation must hold upward conducted inwards currencies other than national currencies. To deport occupation organisation using national currencies, members must register alongside the Norwegian government; this is where cryptocurrencies come upward into play.
Liberstad's founders believe cryptocurrencies are a trend to ensure the increment of a rigid complimentary marketplace inside the city. In monastic enjoin to encourage the work of bitcoin, the squad volition render discounts to members who work the cryptocurrency to pay for goods together with services. In addition, the city-operator plans to work blockchain technology to securely shop data pertaining to the city, its members, together with commerce such every bit IDs, championship deeds, together with contracts.
The squad is too considering developing its ain cryptocurrency inwards monastic enjoin to facilitate faster transactions. This local money would hold upward tied to the value of bitcoin together with volition hold upward for work inside the Liberstad community.
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