Lecture by Pavel Muntyan (Hi-Tech Nation, Minsk, Belarus) about future of multimedia, Freeland and MFCoin.
The modus operandi of most jurisdictions today is in a state of harsh crisis or even stagnation. Change is unlikely since all those systems are too rigid. However, the world around us is changing rapidly. Our idea is as simple: to create our own virtual jurisdiction with a totally new society and up-to-date means of management and control. In the long run, we could even get rid of this stagnant system throughout the whole planet and create a new one called Freeland.
The aforementioned idea has been occupying the minds of the best sophists for centuries but was technically chimerical. Any jurisdiction is run by the most ancient and inefficient tool ever – people. The only operating link between them is absolute subordination which entails corruption and crisis. Nowadays, the total failure of such a system has proven itself: most innovative technological solutions in all branches of activity are being generated outside of state control (EVs, drones, alternate network protocols, blockchain technology, crypto-currency, car-sharing, crowdfunding, social networks, just to mention a few).
Change is only possible if a new form of e-agreement is introduced for everyone, the so-called Public Agreement. The idea of such a treaty has been floating around for a while, however, it was technically impossible to implement it before. We are creating a virtual jurisdiction outside the bounds of existing jurisdictions but with the prospect of possible interaction with them. Therefore, in due course we will have to change the status of the virtual jurisdiction so it becomes a territorial one in the framework of the current international law.