If you ever thought about acquiring digital and virtual citizenship, there are a couple of new options on the table: a "Satoshi Nakamoto Republic "and a" Soviet Land "on blockchain, among others. It is true that "cryptographic passports" often contain offers of coins that you may not necessarily be interested in. But blockchain republics also promise social justice, new or forgotten governance models, voting rights for every citizen.
Read also: This ICO project wants to turn out
"Soviet land" to emit its cryptococcus ruble
The idea of one Cryptographic state, a blockchain republic, is not new, but marketing strategies for sale are changing all the time. The authors of this latest project decided to attract "citizens" by invoking nostalgic memories of a state whose founding principles were very different from the political bases of crypto-space. The "Soviet land" based on blockchain was recently proclaimed in the Russian Federation, the successor of the Soviet Union that was dissolved in 1991. Almost three decades later, many Russians regret the loss of security and the Soviet era. as a policy, freedom has not brought economic prosperity for everyone.
The Soviet Land is meant to be a digital recreation of the USSR, with its own constitution, citizenship and social security system. The project is aimed at people born in the former Soviet Union and their children. The USSR blockchain has its own cryptocurrency, the Soviet Soviet Crypto Ruble (SLCR). The SLCR token should support all transactions in the Soviet country and should be used in payments, both "international" and between legal and private entities in the virtual state.
C & # 39 is also an incentive for new citizens – the founders of the blockchain state promise to compensate all the people who they had deposits in the savings bank of the USSR with funds in the "national cryptocurrency". The developers, however, still have to answer an important question – the encrypted rubles can be exchanged for fiat and withdrawn at the request of the owner.
According to the creator of the Soviet Land, Andrey Milenin, the state aims to provide its citizens with the opportunity to restore social justice and participate in the government. There is a small problem though – he states that the blockchain of the USSR will be based on a "centralized system of individual governance". And the question is: how does a defaulted blockchain status work under a centralized management system?
Blockchain Republic to Erect Statue of Satoshi
Another proposal in the category of crypto / blockchain states is Republic Satoshi Nakamoto. The project will soon conduct an Initial Coin Offering (ICO) to raise funds it intends to use to finance some ambitious plans, including the purchase of an island in which a city will be built Satoshi Nakamoto and the "blockchain-republic" decentralized virtual "will be founded.
The Ukrainian startup has included in its mission the commitment to erect physical and virtual monuments of the Bitcoin creator worldwide and to install in its planned city with the same name "the largest (true) monument […] named in honor of Satoshi Nakamoto. "
The company has already announced its first project – an 'initiative to erect a monument of Satoshi in the capital of Ukraine, Kiev. The plan is to place the figure right where a statue of Vladimir Lenin, founder and leader of the Soviet Union, used to stand before it was overthrown and destroyed by protesters during the tumultuous winter of 2013. A Satoshi's virtual monument, a digital statue will also be visible via a & r; mobile app.
One of the main objectives of the Republic Satoshi Nakamoto is the "creation of a new model of governance, in which all citizens have the right to vote, which is fixed on the blockchain "to ensure" the impossibility of falsifications ". In addition to the citizens, also ambassadors and members of the Congress are sought. The virtual republic will issue, sell and use its SNRC token.
The Russian Central Bank warns against the ICO Pyramids
And while the fate and the final objectives of these projects are not yet clear, the Russian Central Bank has signaled a new tendency to crime linked to financial pyramids. Russia and the other countries of the former Eastern Bloc have had bad experiences with them in the 1990s and their number is growing again. The CBR now claims that 80 schemes of this type, which use cryptocurrency to attract potential investors, have been uncovered from the start of this year.
A bank representative recently stated that the minimum investment in such fraudulent schemes is currently between 80,000 and 100,000 rubles (~ $ 1,250 – $ 1,500 USD) which is considerably more than in the case of "traditional" financial pyramids: from 30,000 to 50,000 rubles (~ $ 500 to $ 800). Many of these projects are presented as Initial Coin Offerings (ICOs), the bank official noted.
A report published at the start of this year revealed that ICO startups with Russian participation raised $ 310 million dollars before the end of the last year. According to another study, the Russian Federation has hosted six of the first 100 ICO projects. However, an academic research published in July showed that less than half of all ICO survives in the first four months after the sale of the token.
What do you think of the so-called cryptographic / blockchain states? Share your opinions in the comments section below.
Images courtesy of Shutterstock, Satoshi Nakamoto Republic.
Bitcoin News is growing rapidly. To reach our global audience, send us a suggestion or send a press release. We work together to help inform the citizens of the Earth (and beyond) on this new, important and extraordinary information network that is Bitcoin.