A land parcel of 3,000 acres in Elko County, Nevada could soon be called the ‘United States of Bitcoin’. Located between the city of Elko and the city of Wells, Bitcointopia will be the capital city of the proposed region and will use bitcoin as its official currency.Bitcointopia, the City of Bitcoin
Bitcointopia is based on a vision of creating a futuristic city centered around blockchain technology and cryptocurrencies. Bitcointopia will use bitcoin as its official currency, and citizens will be able to use the digital currency for paying utility bills and for all local commerce. Land for the city has been purchased in Elko County, Nevada with Bitcoin, Inc. behind the establishment of the city, and now reselling some of its 3,000 acquired acres at a rate of 0.5 BTC per acre.
Morgan Rockwell, founder of Bitcointopia, spent much of his childhood in San Diego and would visit Disneyland. He said that Bitcointopia is somewhat inspired from Walt Disney’s vision to build EPCOT, in terms of creating a technology-centric, futuristic city. Rockwell sees technology as holding the keys to solutions to many of the problems plaguing current governmental and financial systems. As such, the city will welcome partnerships with innovators. Rockwell stated: