Bitnation
BITNATION is the World’s First Virtual Nation – A Blockchain Jurisdiction.
Nation State Governments have failed to keep up with the technologies that are transforming our lives. The Internet has radically interconnected our world and Blockchain technology – a cryptographically secured public ledger that is distributed amongst all of its users – allows us to choose to govern ourselves for the way we want to live now: peer-to-peer, more locally and globally. Bitnation offers the same services as those provided by traditional governments, including secure ID/Reputation systems, dispute resolutions, security and insurance, but in a geographically unbound way. Any individual from around the world can became a citizen of Bitnation by signing on to the constitution. Cryptoequity can be bought on cryptocurrency exchanges, or earned by contributing with work. Bitnation uses an ID system based on reputation that serves as a deterrent. An individual needs reputation for all business deals. Those who do not have a reputation have varoius limitations within Bitnation.