this post was submitted on 14 Feb 2025
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Futurology
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It opens with mostly flavour, but it does eventually get into what happened:
So, unsurprisingly for a libertarian project, they ran into trouble with managing common natural resources, and unfortunately the cryptobros arriving are incapable of relating to the locals enough to actually negotiate with them.
It goes on to say that a lot of locals have been hired for this thing as well, so it's not all bad, but there's more:
That's an obvious glaring problem. No wonder they achieve single digit taxes with other people paying for their infrastructure.
Maybe they could have looked at earlier examples of . . *checks notes* . . uhh . . social . . constructs?