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Comment by m348e912 | Hacker News Reader

This article is about a project called "Destiny" (https://destiny.com), an economic zone to be created in an undeveloped region of Nevis (of St. Kitts & Nevis)

The project goal is to become like Dubai with a 50m dollar investment, which I don't think is an admirable goal btw.

St Kitts & Nevis has had a history of being friendly to crypto and there was an initiative to make bitcoin cash legal tender, although don't think it ever actually happened.

https://www.investing.com/news/cryptocurrency-news/bitcoin-c...

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> The project goal is to become like Dubai with a 50m dollar investment

Thanks, I needed a good laugh.

To "become like Dubai" they'd need at least another 3 orders of magnitude on that investment.

For reference, the university I worked at until last year recently renovated the building I was working in. It was a fairly standard-sized academic building for a small liberal arts campus—three stories, with roughly 3-8 classrooms on a side. The renovation was the replacement of its HVAC system, and adding a fairly small "bump-out" addition on one of the short sides, of roughly one medium-large classroom's width.

It cost $35 million.

$50 million would build maybe a couple of decent-sized buildings, or a handful of smaller ones. No skyscrapers. Nothing fancy.

Certainly nothing like Dubai.

(According to Wikipedia, when it was built, the Burj Khalifa alone cost $1.5 billion. With a "b".)

I been to St. Kitts & Nevis. The only thing I can remember is the very stark contrast between the commercialized beaches versus where the locals lived, and the roaming cows everywhere.

Nevis (the baseball) was only boat accessible, and St. Kitts (the bat) is mostly hills of national park.

Vast majority of things must be flown or shipped in. I am hard pressed to see some "techno libertarians" doing techno without Amazon/Temu/Walmart/<insert fav vendor> in 24h drop ship.

>Vast majority of things must be flown or shipped in. I am hard pressed to see some "techno libertarians" doing techno without Amazon/Temu/Walmart/<insert fav vendor> in 24h drop ship.

I think this is an unreasonable bar. All the fertile land in the world has been accounted for. There's no way to accomplish that type of sustainability without conquering existing land or some major technological breakthrough.

I think a fair bar would be economic sustainability. Plenty of countries depend on trade for food, but can make up for it in exports.

I am not sure i understand what you are writing.

What is your definition of "techno libertarians"? asking because my understanding is that their primary work and concentration of work is not agriculture; there is no need for "fertile land". They can build stuff on a rock like Hong Kong.

I image this as a bunch of F/LOSS techno peeps living in condos or town homes with postage stamp grass to take care of. they would run off to the shore to do some water activities, go into the town and do some restaurants and some such.

Basically, this reads like an attempt to anchor digital nomads.

Without a proper supply chain 50m is just a fart in the wind.

It's like a Fyre festival but you live there!

A glance at their website shows 25% of the profit being paid out between the government, residents, scholarship funds, etc.

So you're effectively paying US taxes from the get go, before you even get to the point of anything at all going towards basic services.

Bitcoin Cash, legal.

Bitcoin, cash legal.

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