Trouble in crypto paradise: Why utopian projects always seem to fail
23 April 2022 |
12:49 pm
A number of wealthy cryptocurrency enthusiasts have dreamt up schemes to spend the rest of their days chilling on a Bitcoin beach or a crypto cruise ship, away from the institutions, currencies and taxes that govern the lives of everyone else. But only a few are determined enough to try to make it happen. On this week's Tech 24, Peter O'Brien takes us through some of the real-life attempts to create a utopian, libertarian, offshore paradise... and explains why they've all been doomed to fail so far.
Related
Related
4 May 2021
India is among the countries hardest hit by in the second wave of the COVID-19 pandemic — not only in terms of human life, but also economically.
11 Jun 2021
Abubakar Shekau, leader of the Boko Haram terrorist group, is said to have committed suicide in battle. Far from solving a problem for the Nigerian government, his death is likely to further destabilize the region.
16 Jul 2021
Tea estates in Malaysia's Cameron Highlands are facing a bleak future as coronavirus lockdowns cause labour shortages, decimate the vital tourism industry, and sap demand.
29 Jul 2021
Sun Dawu, a farming magnate and a vocal government critic, was embroiled in a land dispute with a state-run competitor. His legal team argued the trial was unfair owing to the length of the hearing and its secrecy.
14 Aug 2021
International Beer Day is marked around the globe on August 6 every year. “Burukutu” is a popular alcoholic beverage prepared from sorghum. It is widely consumed in rural areas of northern Nigeria and in the low-income neighbourhoods of the region’s urban centers.
29 Aug 2021
Germany's center-left Social Democrats have nudged ahead of Chancellor Angela Merkel’s conservatives in polling. It's the first time in 15 years the party has led — and comes just ahead of next month's general election
11 Sep 2021
The death of separatist leader Syed Ali Geelani raised tensions in Kashmir, with authorities slapping charges on his family members. Geelani's relatives accuse the police of stealing his body.
19 Feb 2022
Facebook owner Meta's historic plunge after disappointing results shook markets on Thursday. What are its specific problems at the moment?
23 Apr 2022
A number of wealthy cryptocurrency enthusiasts have dreamt up schemes to spend the rest of their days chilling on a Bitcoin beach or a crypto cruise ship, away from the institutions, currencies and taxes that govern the lives of everyone else. But only a few are determined enough to try to make it happen. On this week's Tech 24, Peter O'Brien takes us through some of the real-life attempts to create a utopian, libertarian, offshore paradise... and explains why they've all been doomed to fail so far.
19 Aug 2022
Beijing this week slashed interest rates to boost demand after its zero-COVID policy and a property crash rocked the economy. China's woes will hurt global growth but could also help to cool inflation.
19 Sep 2022
With political conflict escalating and inflation rising, Tunisians are pessimistic and strapped for cash. Many are considering leaving the country. Others are preparing to protest — again.
4 Oct 2022
Vladimir Putin poses with Moscow's four proxy leaders of eastern Ukraine provinces annexed this Friday in a ceremony at the Kremlin. For the Russian president, it is not mission accomplished but rather no going back in a war directed at Ukraine and the West.
Latest
2 hours ago
The wife of Gabon's ousted president, Ali Bongo Ondimba, has been charged with “money laundering” and other offences, the public prosecutor said on Friday, a month after a coup toppled her husband.
2 hours ago
The dispute over Nagorno-Karabakh goes back centuries. Here is an overview of the history of the disputed region between Azerbaijan and Armenia.
2 hours ago
Yury Garavsky has confessed to being involved in the kidnapping of political opponents of Belarus' leader in 1999. They were later murdered. He now is on trial in Switzerland, and the verdict is expected on Thursday.
2 hours ago
On September 10, Antarctic sea ice was spread over 6.55 million square miles—an annual maximum that's 676,000 square miles below the average from 1981 to 2010 and 398,000 square miles below the previous record low from 1986. The records date back to 1979.
4 hours ago
Africa is often portrayed in Western films in a cliche or exotic way. Young African filmmakers want to change this by telling stories from an African point of view. Germany's largest festival for African productions gives this fresh perspective a stage.
