President of Liberland Vít Jedlička appointed Justin Sun, founder of TRON and former ambassador of Grenada to the WTO, as acting prime minister.
The announcement follows Liberland’s first congressional elections, which were conducted via a blockchain-based algorithmic voting system — a bold experiment in transparency and decentralized democracy.
Liberland, a self-proclaimed microstate located in the disputed territory between Croatia and Serbia, has adopted blockchain as the backbone of its governance.
Its recent elections, presented as an infallible model of democracy, underscore that commitment. Although no country formally recognizes Liberland as a state, its leadership remains determined to demonstrate its viability.
In the elections, influencer Evan Luthra and journalist Jillian Godsil joined Congress, along with re-elected members Navid Saberin, Dorian Stern Vukotić and Michal Ptáčník. Together with Suna, they seek to shape Liberland’s future as a libertarian haven.
Justin Sun’s libertarian vision for Liberland
Sun outlined his vision of minimal government interference, no taxes and an economy entirely based on blockchain. He compared Liberland to the Vatican — the central hub of libertarians worldwide — and emphasized its potential as a model for voluntary governance.
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“Liberland is not just a country; it is a manifestation of a political philosophy that advocates freedom, minimal government intervention, and individual autonomy,” said Justin Sun.
“Our success may inspire other nations to embrace libertarian principles, showing that a minimalist government can bring stability and prosperity without excessive regulation or coercion,” he added.
Liberland’s economy is a bold experiment in relying on cryptocurrencies. With 99% of its national reserves in Bitcoins, the microstate fully embraces decentralization. However, this strategy comes with risks.
The micronation generates revenue by selling passports, stamps and coins, converting all profits into Bitcoin. Still, with limited infrastructure and basic services, critics question whether this model can sustain a functioning state.
The current population of Liberland includes about 1,000 registered citizens, although many fewer live in the floodplain.
The government makes laws and plans basic services like health care, but without recognition or external support. The dream of a libertarian utopia faces significant obstacles.
The struggle for recognition
Liberland has sought recognition from nations around the world, including Argentina, where libertarian President Javier Milei has expressed public support. He also referred to crypto-friendly countries like El Salvador and Somaliland, a region that itself lacks formal recognition.
Despite these efforts, Croatia and Serbia are still repulsive. Croatia went so far as to arrest individuals who tried to settle in Liberland. While Serbia sees the micronation as an advertising trick.
Without formal recognition, Liberland remains isolated from international organizations and treaties, leaving it vulnerable to geopolitical tensions in the Balkans.
A bold gamble with an uncertain outcome
The appointment of Justin Sun 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 represents a bold experiment in governance – a beacon for those who advocate 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.
