Both Binance and Crypto.com hosted live question-and-answer sessions on Monday morning in an attempt to reassure investors that the cryptocurrency exchanges won’t meet the same fate as FTX, which suffered a sudden and catastrophic collapse last week.
For as long as cryptocurrencies have existed, libertarians have dreamed of using them to create communities, seasteads, and cities free from the prying eyes of the state and its tax collectors. We’ve seen crypto-inspired attempts to claim disputed lands as tax havens, use UFOs and fireworks to christen a new tax-free Bitcoin town, build cities with DAOs, and establish communities inside of U.S. colonies to avoid taxes. But there’s now a wave of attempts to buy entire islands and build the next crypto “paradise.”
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