Liberland, the libertarian micronation founded in 2015, has strayed from its initial libertarian ideals, paralleling the trajectory many cryptocurrency enthusiasts have experienced with Bitcoin. Although Liberland was envisioned as a sanctuary free from government oversight with Bitcoin as a potential currency, its current focus has shifted towards blockchain governance and various buzzwords, distancing itself from its original Bitcoin-centric vision. In its 10th year, Liberland has registered over 1,100 citizens and 4,000 e-residents, but very few actually reside there, with most activities under Croatian police surveillance. Once thought to hold significant Bitcoin reserves, it now holds under $2,000 worth, despite historical inflows of 275 BTC. Presently, Liberland promotes an inflationary governance token, the Liberland Dollar, instead of Bitcoin, marking a significant shift in its economic foundation. This evolution raises questions about the future relationship between Bitcoin and this micronation, leaving many supporters longing for a return to its Bitcoin standard roots.

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