Liberland is a sovereign state located between Croatia and Serbia on the west bank of the Danube River. It is the first microscopic country to accept Bitcoin in 2015, fulfilling the purpose of its president, Vít Jedlička, who is responsible for this “slice” of geography, diplomacy and sovereignty. Liberland, as Jedlička asserts, stands as “the freest country in the world” and upholds the ideals of freedom for its citizens.
Joy Langenbrunner, the deputy representative of the Free Republic of Liberland to the United States of America, explained during the interview that Jedlička went on the Internet to search for “unclaimed land”. He realized that a small island in the middle of the Danube was unclaimed, so he purposely went there on April 13, 2015 – Thomas Jefferson’s birthday.
On April 13, 2022, the Free Republic of Liberland celebrated its seventh anniversary:
Back in 2015, President Jedlička began partially accepting bitcoin and other cryptocurrencies in the hope of bringing different investors into the country, and growing business opportunities based on bitcoin’s decentralized and sovereign-protected philosophies.
Last November, Liberland Aid donated more than one bitcoin to Benjamin Bloom National Children’s Hospital to demonstrate that bitcoin can unite countries without restrictions.
Langenbrunner explained that when they visited El Salvador in November 2021 for the Bitcoin Lightning Adoption Summit, President Jedlička had already crossed the border into El Salvador by presenting and stamping his Liberland passport.
In our interview, Langenbrunner explained how difficult it is to set up an official bank account for a sovereign country – but bitcoin was the way they were able to get a lot of their funding and manage their finances as well.
Langenbrunner explained why they are here today because of this funding, since most of the money that comes from bitcoin. He said they found ways to do with PayPal and other platforms, but it caused problems for them.
He added that they are “very optimistic” not only on everyone involved with the state but on bitcoins that knows the only way the state can do it, is through bitcoin.
He also mentioned that in 2015, Liberland needed to increase its assets which is why Liberland adopted Bitcoin as its main reserve asset. People who got involved with Bitcoin early on can see the potential future of the nation. In addition, he mentioned the game theory of higher price and greater people’s participation, thus increasing adoption. “Our country’s reserves are going up,” he said, which means they will have more funding for more projects, like the one in El Salvador.
Langenbrunner also mentioned that they had already built their first physical settlement in Serbia, which is on the border of their lands. However, it can be considered a government-in-exile.
Bitcoin workers need a state they can call home. Since there is a need in the market, it is normal for land ownership to become insurance against external forces. This particular case is in Europe, but this could have happened anywhere in the world because there is a demand from people involved in Bitcoin who hold this kind of mindset and value these freedom-loving ideals.
Finally, Langenbrunner, like Bukele, pointed to a dream that they could build Alexandria cities for bitcoins, where they could feel at home and be protected.
This is a guest post by Gaby Vivas. The opinions expressed are their own and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.