Prime

Tron founder and newly elected Liberland Prime Minister Justin Sun has released a comprehensive statement after his appointment to the micronation’s leadership. 
In a lengthy X post dated October 11, Sun explained how reducing government expenditure, lowering taxes, and minimizing administrative interference in people’s lives would enhance economic strength. 
Justin Sun highlighted that Liberland’s political approach will differ from traditional governance displayed by the current ruling administrations worldwide. According to the Tron founder, Liberland aims to reduce government expenditure, minimize intervention in the lives of citizens, and lower taxation on citizens to boost economic prosperity. 
<h3 id="span-style-font-weight-400-justin-sun-references-elon-musk-s-views-on-governance-span">Justin Sun references Elon Musk’s views on governance</h3> 
Sun referenced the views of billionaire tech giant Elon Musk, who has openly championed minimal government intervention in citizen affairs and individual freedom. Sun believes the strategy is vital for promoting creativity, progress, and prosperity in a nation. Sun stated that Elon Musk advocates for less centralization and government control. 
<blockquote>
 “[Elon Musk] Musk shares the belief that individual freedom and minimal government interference are essential for fostering creativity, progress, and prosperity. His advocacy for less centralized control aligns with the values that Liberland stands for, further solidifying the global relevance of our movement.” 
 Justin Sun
</blockquote> 
Sun <a href="https://x.com/justinsuntron/status/1844664803945775256" rel="nofollow" target="_blank">mentioned</a> in the post that he will use his new role in the government to promote libertarian governing strategies to serve as an example of a minimalist government maintaining stability and economic prosperity without excessive centralization, coercion, and regulation. 
Sun said he envisions Liberland as a global hub for libertarian principles of governance that will serve as the ideological homeland for libertarian beliefs.&nbsp; 
Justin Sun emphasized that Liberland’s uniqueness makes it the first nation where the government and its citizens have a relationship based on shared principles and values rather than bloodlines or geographic boundaries. Sun stated that Liberland’s prosperity is built on voluntary participation and mutual respect rather than forcing obligations, mandates, and taxes on citizens.&nbsp; 
<h3 id="span-style-font-weight-400-sun-joins-other-elected-members-of-the-liberland-s-congress-span">Sun joins other elected members of the Liberland’s Congress</h3> 
Justin Sun was elected as Prime Minister of Liberland through a blockchain-based election. The micronation also saw Indian entrepreneur Evan Luthra, former politician Ivan Pernar, journalist Jillian Godsi, and information technology professional Dorian Stern Vukotić elected to Liberland’s Congress.&nbsp; 
The self-proclaimed libertarian micronation is between Serbia and Croatia and was founded in 2015 by former Czech politician Vít Jedlička. Vit Jedlička serves as the president of the nation. The tiny nation claims to have 785,000 citizens who reside abroad. 
Liberland territory was initially a contested area that Croatia and Serbia had never claimed after the breakup of Yugoslavia. Liberland has no taxes and no conscription requirements. The nation claims sovereignty but is still not officially recognized by the international community, casting doubt on its legitimacy. 
Liberland is not the only nation that spearheads decentralized philosophies of governance. In July 2014, Bitnation became the first crypto microstate to declare sovereignty. 
Micronations have showcased cryptocurrencies’ new utility in powering new nations. However, many have expressed criticism of these tiny jurisdictions, saying their sovereignty threatens them. Many critics believe that nations need more than blockchain technology to establish themselves.

Liberland Prime Minister Justin Sun discusses his vision and understanding of Liberland

Table of Contents

Cryptopolitan_News

Other articles published on Oct 11, 2024

PayPal Opens Cryptocurrency Market to U.S. Business Accounts

Worldcoin Layer-2 network World Chain launch

New Fidelity Blockchain Fund Is About to Launch

Bitcoin Drop May Trigger XRP Price Retest of $0.45, Crypto Analyst Warns

Clore.ai token rises as Nvidia, Palantir stocks surge

How to Buy Highstreet Coin?

Join our free newsletter for daily crypto updates!