Bitcoin City Liberstad To Begin Development After Bitcoin Property Presale
Liberstad, the private city in southern Norway, is due to begin development of its Bitcoin-paid property June 1.
Following in the footsteps of Liberland, Norway is to get its own activist city - Liberstad - entirely funded by the private sector.
The “private city,” for which a land sale has run since 2015 and requires a certain uptake to be reached by June this year, paid for in either Bitcoin or Norwegian krone, will feature full freehold property ownership, public services and other essential features of modern living if successful.
Responsible for the initial development of the “free market enclave,” the nonprofit Liberstad Drift Association was formed by organizers John Holmesland and Sondre Bjellås.
“Liberstad will become a city where anarchism can get a physical foothold in one of the worlds [sic] most socialist countries,” the project’s website states.
The social and legislative fabric of Liberstad would follow bespoke principles, with only “minimal” laws and no taxes whatsoever.
“In the long term we can together develop a private city where people have greater freedom and opportunity to live the life they desire,” the website adds.
Liberstad shares many principles of Vit Jedlicka’s Liberland also founded in 2015 on a river bank between Croatia and Serbia.
The territory’s legality is still under scrutiny, but the first citizenships are already claimed, the project having reportedly received 200,000 applications within a week.
Jedlicka told Cointelegraph in November that the state would be prepared to migrate from Bitcoin as its official currency to an altcoin such as Dash, should practical conditions around its use change.