Why do crypto bros like freedom cities?
Donald Trump's proposal to build 'freedom cities' from scratch has attracted attention, especially from the cryptocurrency community. These new high-tech communities aim to alleviate America’s housing crisis while bypassing regulatory hurdles that typically hinder development. Freedom cities are seen by some as a fresh iteration of charter cities, designed to foster innovation and decentralization, values central to the crypto ethos. Critics argue these cities could become lawless enclaves favoring corporate interests and neglecting broader societal rules, reminiscent of outdated company towns. Supporters believe these environments might offer favorable conditions for entrepreneurs, particularly in the fintech space. There are notable examples like Próspera, a charter city in Honduras designed to attract startups with a flexible regulatory structure, highlighting both the potential and challenges of such ambitious projects. The administration's current moves toward making freedom cities a reality suggests a significant shift in perception regarding urban development and governance.
Source 🔗