The Rise of 'Network States': Decentralized Blockchain Communities Explore Parallel Societies
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Former Coinbase exec Balaji Srinivasan proposed the concept of "network states" - decentralized digital communities that use blockchain to host institutions.
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Network states aim to construct parallel social infrastructure as an alternative to flawed political and economic systems.
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Projects like Prospera and Galactica Network are starting small communities and acquiring land to eventually form viable network state nodes.
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Blockchain technology provides the "crypto rails" for governance and finance in network states.
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Speakers at the recent Network State Conference are focused on community-building as the first step toward establishing functional parallel societies.