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Crypto Island and Attempts to Create "Their Own States"
Crypto enthusiasts have repeatedly tried to buy real territories.
For example:
Satoshi Island: a real island in the Pacific Ocean (Vanuatu archipelago), which investors purchased to turn into a mecca for crypto enthusiasts and democratic governance through a DAO (decentralized organization), where the only currency should be crypto to fully free themselves from taxes and government regulation.
It sounds like science fiction, but such attempts have indeed been made and are ongoing.
🔝 Most projects remain conceptual;
🔝 Some experiments failed due to laws, insurance, and other practical issues;
🔝 No fully independent crypto state in neutral waters exists yet.
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