1, Billionaire tech bros know what's best for us.
2. Laissez-faire capitalism is the highest ideal to strive for. None of that Star Trek style "individuals work to better the human condition as a whole" woke nonsense.
I'll take a run-of-the-mill democracy over that, thank you very much.
It's always surprising how inconsistent, and disconnected from reality such ventures are. Examples:
No defense of any kind. That's great! Until it isn't, a neighbour invades & just takes the land you're on. Of course, arming a piece of no-mansland between Serbia and Croatia would be a bad idea too.
Let's have no countries anymore! Maximum freedom for all citizens! Great! Except the freedom for people from elsewhere to move around - including to your area. Oh, you don't want that? Then you have country borders again.
Don't feed the poor! They're just parasites. Except ehm... what about when you become poor? Or disabled? Or chronically ill? Or elderly? Just let those unlucky saps rot in the street? (that's not how mom & dad raised me)
No taxes. Great! So, how to fund roads, telecom infrastructure, healthcare etc? Private enterprise? History has shown over & over again how 'well' that works at scale.
Look, I'm all for improving democracies. Shorten the lines between citizens & leadership. Explore alternate governance systems, etc. But cryptocurrency-powered micronation with a $B tech bro as king is NOT it.