In Nevada Desert, a Technology Firm Aims to Be a Government
The prospect has been met with intrigue and skepticism from Nevada lawmakers, though the legislation has yet to be formally filed or discussed in public hearings.
This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.
CARSON CITY, Nev. (AP) — In the Nevada desert, a cryptocurrency magnate hopes to turn dreams of a futuristic “smart city” into reality. To do that, he’s asking the state to let companies like his form local governments on land they own, which would grant them power over everything from schools to law enforcement. Jeffrey Berns, CEO of Nevada-based Blockchains LLC, envisions a city where people not only purchase goods and services with digital currency…