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Dozens of entrepreneurs, made newly wealthy by virtual currencies, have moved to Puerto Rico to build a society that runs on blockchain (and to avoid tax).
Making a crypto utopia in Puerto Rico
- Newly wealthy entrepreneurs hope to set up a crypto utopia in Puerto Rico.
- Money will be virtual and contracts public, to show the rest of the world what a crypto future could look like.
- For now, the local government seems receptive toward the crypto utopians; the governor will speak at their blockchain summit conference, called Puerto Crypto, in March.
They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.
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