Thursday, November 1, 2018

A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada

This is the best tl;dr I could make, original reduced by 86%. (I'm a bot)


Wild horses roaming a patch of Nevada desert where Jeffrey Berns plans to build a community that relies on blockchain technology.

Just as Bitcoin made it possible to transfer money without using a bank, blockchain believers like Mr. Berns think the technology will make it possible for ordinary people to control their own data - the lifeblood of the digital economy - without relying on big companies or governments.

Mr. Berns acknowledged that all this is way beyond what blockchains have actually accomplished.

Nevada's governor, Brian Sandoval, read a proclamation that named the Blockchains property "Innovation Park" at an event last month where Mr. Berns sat on a panel with the governor and Elon Musk, the chief executive of Tesla.

Tesla's Gigafactory in Nevada, which has been described as the largest building in the world, is surrounded by Blockchains' land.

"He has these crazy ideas - but I know that every time he sets his mind to something he will get there," said Ms. Rodriguez, 29, who has worked with Mr. Berns for eight years and is now the manager of the Blockchains office in Nevada.


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