Justin Sun was elected as the Prime Minister of Liberland — a micronation on the border of Croatia and Serbia. The election took place on October 5.
Liberland: History and Elections
Liberland was founded by Vít Jedlička on April 13, 2015, between Croatia and Serbia. In the October 5 elections, Justin Sun was elected as Prime Minister. Other officials elected to the Liberland Congress include Evan Luthra, Jillian Godsi, Ivan Pernar, and Dorian Stern Vukotić.
Liberland's New Election Model
Liberland's election process was transparent thanks to an algorithmic system, eliminating doubts often seen in traditional election methods.
Future of Crypto Micronations
Liberland's statement reflects a desire among crypto enthusiasts to form decentralized network states. The term "network state," popularized by Balaji Srinivasan, involves using blockchain to create sovereign states. Examples include Bitnation, Liberland, and the idea of seasteading. However, established nations view these efforts as threats to their sovereignty.
Despite challenges, crypto micronations like Liberland continue to garner interest, suggesting potential shifts in the global political landscape.