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The NYT reports that a loosely knit group of crypto-currency multi-million/billionaires have chosen Puerto Rico to set up shop -- several reasons are given including a tax haven for US citizens and low real estate prices since the hurricane Maria destruction last year. https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html
Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading en masse to Puerto Rico this winter. They are selling their homes and cars in California and establishing residency on the Caribbean island in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which now reach into the billions of dollars.
And these men — because they are almost exclusively men — have a plan for what to do with the wealth: They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like. Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society — and the Puertopians want to prove it.
For more than a year, the entrepreneurs had been searching for the best location. After Hurricane Maria decimated Puerto Rico's infrastructure in September and the price of cryptocurrencies began to soar, they saw an opportunity and felt a sense of urgency.
[...] The movement is alarming an earlier generation of Puerto Rico tax expats like the hedge fund manager Robb Rill, who runs a social group for those taking advantage of the tax incentives.
"They call me up saying they're going to buy 250,000 acres so they can incorporate their own city, literally start a city in Puerto Rico to have their own crypto world," said Mr. Rill, who moved to the island in 2013. "I can't engage in that."
I suggest that the SN posters who write, "everything should be organized by contracts, not government" please buy a one-way ticket to PR now! And then see if you can actually make it work. [With limited electricity and thus limited internet, they may not pester the rest of us so often.]
(Score: 2) by c0lo on Tuesday February 06 2018, @12:18PM (12 children)
At least they are sites everybody knows about?
You want fresh sites blood? Really? I think I might be able to help with that, but don't cry if the quality of S/N goes haywire after that.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 4, Insightful) by The Mighty Buzzard on Tuesday February 06 2018, @12:40PM (11 children)
No, I wanted to mock our mainstream media. They need heaps of mockery from every direction if they're ever going to wise the fuck up and start doing their jobs correctly again.
My rights don't end where your fear begins.
(Score: 2) by Bot on Tuesday February 06 2018, @12:54PM (7 children)
> and start doing their jobs correctly again
"again"?
Account abandoned.
(Score: 3, Interesting) by The Mighty Buzzard on Tuesday February 06 2018, @01:30PM (6 children)
Well, they were relatively passable until around Y2K anyway. Not great but they'd do until something actually good came along.
My rights don't end where your fear begins.
(Score: 1, Insightful) by Anonymous Coward on Tuesday February 06 2018, @01:45PM (2 children)
Operation Mockingbird was long before Y2K
(Score: 2) by The Mighty Buzzard on Tuesday February 06 2018, @03:13PM (1 child)
One data point does not a valid trend-line make.
My rights don't end where your fear begins.
(Score: 1) by fustakrakich on Tuesday February 06 2018, @04:18PM
Oh dear! How far back [thoughtco.com] should we go [mentalfloss.com]?
I'm sorry sir, but you are going to have a hard time convincing me we are up against anything new and/or different. Speed? maybe. But content? Nah...
"The petty thieves support Vatia for aedile"
La politica e i criminali sono la stessa cosa..
(Score: 2) by jmorris on Tuesday February 06 2018, @04:18PM (2 children)
Nope, not even. You didn't have any alternative sources of news to compare to so you didn't know how much of the "news" was fake. But by the open of the 21st Century you had Fox, Drudge and a thousand other sources to allow anyone with eyes to see that ABC/CBS/NBC/CNN was only telling a small curated portion of the news of the day and doing even that poorly.
But today is a good day, it sees Newsweek dying again. Good riddance to bad rubbish. We won't fix the legacy media but we will see it die. Die of stupidity and inability to change.
(Score: 2) by Freeman on Tuesday February 06 2018, @04:48PM (1 child)
A couple of quotes from Benjamin Franklin:
“Either write something worth reading or do something worth writing.”
― Benjamin Franklin
“If all printers were determined not to print anything till they were sure it would offend nobody, there would be very little printed.”
― Benjamin Franklin
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 0) by Anonymous Coward on Tuesday February 06 2018, @09:53PM
Haha, I guess even the "millenial snowflake" is nothing new. Just generations judging each other, for better or worse.
(Score: 2) by c0lo on Tuesday February 06 2018, @01:05PM (2 children)
I can help with that too - or so I like to imagine, my grinning may not be everyone's taste in mockery.
Only promise me to send the message of "verify your shite sites before posting" to the sleepy editor, it will be a pity to mock the traditional sources only to be trolled by small-fry bullshitters.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by The Mighty Buzzard on Tuesday February 06 2018, @01:32PM (1 child)
Already accomplished. Check the updated story content on the rape-pants story.
My rights don't end where your fear begins.
(Score: 3, Insightful) by c0lo on Tuesday February 06 2018, @01:41PM
Sincere congrats to the editor for the reaction.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford