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.
Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading en masse to Puerto Rico this winter.
They are selling their homes and cars in California and establishing residency on the Caribbean island in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which now reach into the billions of dollars
And these men — because they are almost exclusively men — have a plan for what to do with the wealth: They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like.
Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society — and the Puertopians want to prove it.
“They call me up saying they’re going to buy 250,000 acres so they can incorporate their own city, literally start a city in Puerto Rico to have their own crypto world,” said Mr. Rill, who moved to the island in 2013. “I can’t engage in that.”
Other Puertopians arrived on the roof as a pack, just back from a full-day property-hunting bus tour
. From the middle, Brock Pierce, 37, the leader of the Puertopia movement, emerged wearing drop crotch capri pants, a black vest that almost hit his knees and a large black felt hat. He and others had arrived on the island in early December.
Mr. Pierce, the director of the Bitcoin Foundation, is a major figure in the crypto boom.
He co-founded a blockchain-for-business start-up, Block.One, which has sold around $200 million of a custom virtual currency, EOS, in a so-called initial coin offering.
The value of all the outstanding EOS tokens is around $6.5 billion.
The three were arrested in Spain in 2002 and Collins-Rector was extradited to the United States. Federal prosecutors in Los Angeles brought new criminal charges against Collins-Rector in 2004. Although they were named in the original New Jersey civil lawsuit, Shackley and Pierce were never charged.
I think he did default on either one or more civil suits though
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new4now ago
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.
Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading en masse to Puerto Rico this winter.
They are selling their homes and cars in California and establishing residency on the Caribbean island in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which now reach into the billions of dollars
And these men — because they are almost exclusively men — have a plan for what to do with the wealth: They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like.
Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society — and the Puertopians want to prove it.
“They call me up saying they’re going to buy 250,000 acres so they can incorporate their own city, literally start a city in Puerto Rico to have their own crypto world,” said Mr. Rill, who moved to the island in 2013. “I can’t engage in that.”
Other Puertopians arrived on the roof as a pack, just back from a full-day property-hunting bus tour
. From the middle, Brock Pierce, 37, the leader of the Puertopia movement, emerged wearing drop crotch capri pants, a black vest that almost hit his knees and a large black felt hat. He and others had arrived on the island in early December.
Mr. Pierce, the director of the Bitcoin Foundation, is a major figure in the crypto boom.
He co-founded a blockchain-for-business start-up, Block.One, which has sold around $200 million of a custom virtual currency, EOS, in a so-called initial coin offering.
The value of all the outstanding EOS tokens is around $6.5 billion.
https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html
Now we know what is going to support this Puertopia, , “eternal boy playground”
think- ago
Brock Pierce who got convicted for assaulting boys....
new4now ago
I don't think Brock got hit with any charges
think- ago
Not here, but in Eastern Europe.
new4now ago
was it Spain?
The three were arrested in Spain in 2002 and Collins-Rector was extradited to the United States. Federal prosecutors in Los Angeles brought new criminal charges against Collins-Rector in 2004. Although they were named in the original New Jersey civil lawsuit, Shackley and Pierce were never charged.
I think he did default on either one or more civil suits though