Liberland Prime Minister Justin Sun discusses his vision and understanding of Liberland

Source Cryptopolitan

Tron founder and newly elected Liberland Prime Minister Justin Sun has released a comprehensive statement after his appointment to the micronation’s leadership.

In a lengthy X post dated October 11, Sun explained how reducing government expenditure, lowering taxes, and minimizing administrative interference in people’s lives would enhance economic strength.

Justin Sun highlighted that Liberland’s political approach will differ from traditional governance displayed by the current ruling administrations worldwide. According to the Tron founder, Liberland aims to reduce government expenditure, minimize intervention in the lives of citizens, and lower taxation on citizens to boost economic prosperity.

Justin Sun references Elon Musk’s views on governance

Sun referenced the views of billionaire tech giant Elon Musk, who has openly championed minimal government intervention in citizen affairs and individual freedom. Sun believes the strategy is vital for promoting creativity, progress, and prosperity in a nation. Sun stated that Elon Musk advocates for less centralization and government control.

“[Elon Musk] Musk shares the belief that individual freedom and minimal government interference are essential for fostering creativity, progress, and prosperity. His advocacy for less centralized control aligns with the values that Liberland stands for, further solidifying the global relevance of our movement.”

Justin Sun

Sun mentioned in the post that he will use his new role in the government to promote libertarian governing strategies to serve as an example of a minimalist government maintaining stability and economic prosperity without excessive centralization, coercion, and regulation.

Sun said he envisions Liberland as a global hub for libertarian principles of governance that will serve as the ideological homeland for libertarian beliefs. 

Justin Sun emphasized that Liberland’s uniqueness makes it the first nation where the government and its citizens have a relationship based on shared principles and values rather than bloodlines or geographic boundaries. Sun stated that Liberland’s prosperity is built on voluntary participation and mutual respect rather than forcing obligations, mandates, and taxes on citizens. 

Sun joins other elected members of the Liberland’s Congress

Justin Sun was elected as Prime Minister of Liberland through a blockchain-based election. The micronation also saw Indian entrepreneur Evan Luthra, former politician Ivan Pernar, journalist Jillian Godsi, and information technology professional Dorian Stern Vukotić elected to Liberland’s Congress. 

The self-proclaimed libertarian micronation is between Serbia and Croatia and was founded in 2015 by former Czech politician Vít Jedlička. Vit Jedlička serves as the president of the nation. The tiny nation claims to have 785,000 citizens who reside abroad.

Liberland territory was initially a contested area that Croatia and Serbia had never claimed after the breakup of Yugoslavia. Liberland has no taxes and no conscription requirements. The nation claims sovereignty but is still not officially recognized by the international community, casting doubt on its legitimacy.

Liberland is not the only nation that spearheads decentralized philosophies of governance. In July 2014, Bitnation became the first crypto microstate to declare sovereignty.

Micronations have showcased cryptocurrencies’ new utility in powering new nations. However, many have expressed criticism of these tiny jurisdictions, saying their sovereignty threatens them. Many critics believe that nations need more than blockchain technology to establish themselves.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple — BTC, ETH and XRP defend key support as rebound scenario stays in playBTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
Author  Mitrade
Jan 09, Fri
BTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
placeholder
Solana Future: From high-speed experiment to corporate treasury playbook for the next SOL cycleSolana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
Author  Mitrade
Jan 12, Mon
Solana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
placeholder
Meme Coins Price Prediction: DOGE, SHIB and PEPE struggle to stabilize as sellers keep controlDOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.
Author  Mitrade
Yesterday 06: 17
DOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.
placeholder
Gold Price Forectast: XAU/USD rises above $4,600 on US rate cut expectations, Fed uncertainty Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
Author  FXStreet
9 hours ago
Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
placeholder
Bitcoin Eyes $92K Breakout as Stocks Reach Fresh Records on Soft US CPI DataBitcoin nears $93,000 as lower-than-expected US inflation data supports a surge in risk assets.
Author  Mitrade
8 hours ago
Bitcoin nears $93,000 as lower-than-expected US inflation data supports a surge in risk assets.
goTop
quote