“We Need Cities Governed by Bitcoin Principles”: Peter Young


boss Free Cities Foundation (FCF), Peter Young, along with Timothy Allen, photographer and ambassador of that foundation, presented the initiatives developed around the concept of Free Cities. This was at the conference bitcoin adoption, Held in El Salvador from November 15-17, which was covered by CriptoNoticias.

Young asserted that free cities can be defined as Autonomous regions that adopt innovative policies to enable human freedom. To make this concept concrete, it is possible to apply the principles developed in the creation of Bitcoin, says Young.

“We already have digital money in the form of bitcoin; what we need is to have jurisdictions, cities, or small autonomous regions guided by the principles that govern bitcoins,” Young explains.

Peter Young, Director, Free Cities Foundation. Source: YouTube.

Among these are a simple set of rules that a central authority cannot change, or the possibility of interaction between all people, which is limited to being voluntary. “I think we should have these kinds of communities in the physical world, because they already exist in the digital world,” he adds.

The foundation works with various projects in Europe and the Americas, which have varying degrees of development, Young says, referring to the so-called intended communities. It’s all about communities in which its members agree to form an autonomous region within a nation-state. Young says that although they have no legal status, there is a greater degree of autonomy in these regions than in the rest of the country.

For example, the Liberstad community in Norway operates by its own rules and transactions between community members are made in bitcoin. Only relations between Liberstadt and the rest of Norway follow official regulations. Montelibero is another project deployed in Montenegro in the Balkans.

Bitcoin is booming in Prospera, Honduras

Allen spoke of the island of Roatan in northern Honduras where Prospira is located, a city with autonomous status, but overturned by the Honduran Supreme Court of Justice. However, Prospira’s spirit of progress was maintained by agreements among its inhabitants. For example, a state-of-the-art Bitcoin education center has been built there to instruct residents about its use. Activities targeting children and the elderly are included.

Allen noted that Prospera still applies contracts between citizens and service providers, Within the philosophy of the autonomous regions. With significant real estate development driven by the demand for living and working spaces, there are private contracts between builders and residents. For example, if residents with a great view of the sea want to make sure it stays, they can choose not to build new buildings, through an economic agreement, paid in installments, according to Allen.

There are other autonomous projects still under development in Honduras despite the legislative brake on granting judicial autonomy, such as the cities of Morazán, which target working-class and middle-class residents, and Urquidia, which does not have a residential component. Instead, this community plans to focus on producing fruits and vegetables for export.

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