thecoinrepublic.com
Liberland President Vít Jedlička has named Justin Sun, TRON founder and former Grenadian ambassador to the WTO, as acting Prime Minister.
The announcement, follows Liberland’s first-ever congressional elections, conducted via an algorithmic blockchain-based voting system—a bold experiment in transparency and decentralized democracy.
Liberland, a self-declared microstate located on a disputed territory between Croatia and Serbia, has adopted blockchain as the backbone of its governance.
Its recent elections, pitched as a foolproof model for democracy, underscore this commitment. While no country formally recognizes Liberland as a state, its leadership remains resolute in demonstrating its viability.
The elections also saw influencer Evan Luthra and journalist Jillian Godsil join Congress, alongside re-elected members Navid Saberin, Dorian Stern Vukotić, and Michal Ptáčník. Together with Sun, they aim to shape the future of Liberland as a libertarian haven.
Justin Sun’s Libertarian Vision for Liberland
Sun outlined his vision for minimal government interference, no taxes, and a fully blockchain-based economy. He likened Liberland to the Vatican—a central hub for libertarians worldwide—and emphasized its potential as a model for voluntary governance.
“Liberland is not just a country; it is a manifestation of a political philosophy that champions liberty, minimal government intervention, and individual autonomy,” Justin Sun declared.
“Our success can inspire other nations to embrace libertarian principles, demonstrating that a minimalist government can bring stability and prosperity without excessive regulation or coercion,” he added.
Liberland’s economy is a bold experiment in cryptocurrency reliance. With 99% of its national reserves held in Bitcoin, the microstate fully embraces decentralization. However, this strategy comes with risks.
The micronation generates income through the sale of passports, stamps, and coins, converting all earnings into Bitcoin. Yet, with limited infrastructure and essential services, critics question whether this model can sustain a functioning state.
Liberland’s current population includes around 1,000 registered citizens, though far fewer reside on its floodplain territory.
The government is drafting laws and planning basic services like healthcare, but without recognition or external support. The dream of a libertarian utopia faces significant hurdles.
The Struggle for Recognition
Liberland has sought recognition from nations worldwide, including Argentina, where libertarian President Javier Milei has expressed public support. It has also looked to crypto-friendly countries like El Salvador and Somaliland, a region that itself lacks formal recognition.
Despite these efforts, Croatia and Serbia remain dismissive. Croatia has gone as far as arresting individuals attempting to settle in Liberland. While Serbia views the micronation as a publicity stunt.
Without formal recognition, Liberland remains isolated from international organizations and treaties, leaving it vulnerable to geopolitical tensions in the Balkans.
A Bold Gamble with Uncertain Outcomes
Justin Sun’s appointment as acting Prime Minister symbolizes a new chapter for Liberland, combining libertarian ideals with blockchain innovation.
However, the microstate’s reliance on cryptocurrency, lack of infrastructure, and diplomatic isolation raise questions about its sustainability.
For now, Liberland stands as a bold experiment in governance—a beacon for those who champion individual freedom and minimal government. Whether it will achieve its lofty goals or remain a fringe political project depends on its ability to navigate the complexities of geopolitics and international recognition.