ALL FILLER, NO PILLAR: WHY BLOCKCHAIN CITIES FAIL
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✍️ The article discusses various blockchain-based community projects that aim to create idealistic cities or towns, but many have failed due to regulatory issues, unrealistic expectations, and other factors.
👉 The MS Satoshi, a Bitcoin-themed cruise ship, failed due to regulatory issues and high operating costs. 👉 Akon City, a smart city project in Senegal, was stalled by the COVID-19 pandemic and ultimately abandoned. 👉 CityDAO, Wyoming, faced challenges including zoning laws and a hack that led to the loss of $95,000. 👉 Blockchains LLC's crypto city in Nevada was stalled due to regulatory issues and the need for a 100-mile pipeline for water. 👉 Liberstad, a Norwegian anarchist commune, is a success story, having established a functional community with its own blockchain-based economy.
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