Тег: Montelibero

The Montelibero Association, my view

The channel is still on vacation, but the largest investor of Montelibero stopped by for a visit, and I had an evening to chat with him, so it felt strange not to publish my reflections on this.

My previous overview of Montelibero concerned tokenomics. Now I want to examine such a mysterious entity as the Montelibero Association. I first mentioned it in the sixteenth (and apparently final) news issue — since then, I no longer write about Montelibero as a whole, only about specific aspects.

The reason for the Association’s appearance was that the Montelibero community had accumulated problems:

  1. Goal setting. The stated goal of the Montelibero project was initially libertarian transformations in Montenegro. However, those coming to the country are somehow more concerned with issues of their legalization in this state, earning a living, increasing the quality of that very life by developing internal culture within the community, and so on. Ancaps do not want to build an ancap for others; they are perfectly satisfied building an ancap for themselves, plus some minimal costs to keep the state from getting in the way.
  2. Lack of activists to create public goods. Who will build the roads is not a particularly acute problem, because it is easy to outline the circle of main future beneficiaries of road construction. But who (or rather, for what incentives) will write the wallet code for our tokenomics, who will organize a large annual festival and many smaller intermediate activities, who will pay for hosting, who will handle the filling and promotion of information resources — and so on? Administering the collection of small targeted contributions for any such trifle would be too expensive; it is more profitable to aggregate administrative expenses somehow.
  3. Insufficient clarity of collective decision-making mechanisms. For example, who and how will decide whom to send to deliver a report at a conference if the conference organizers contact one of the Montelibero participants and invite some representative of Montelibero?

One could simply dismiss such problems, claiming that the “market” is meant to solve them. But the “market” is precisely a generalized name for the entire sum of voluntary private initiatives. And so, one such initiative sounded roughly like this:

Since a loose community without fixed membership responds poorly to such challenges, let’s create an organization with fixed membership from its participants, gather activists into it, implement liquid democracy there, and within the framework of the association, they can engage in creating various cool infrastructural things for the entire community, as well as make collective decisions that can then be communicated to the whole community.

Half of last summer, the Association was at the stage of preliminary discussion. It was officially created at the festival. Now it has slightly over a hundred people in its membership. I will try to briefly list its main achievements:

  1. Creation of a mechanism for identity verification of its participants and a standardized blockchain record of this fact
  2. Creation of a court, which has already managed to consider several cases
  3. Creation of an open standard for the blockchainization of relationships — personal, property, collaboration, and the like
  4. Creation of a competition commission to select the organizing committee for the Montelibero festival in 2024
  5. Creation of internal factions united by a common direction of interests (creates associations with secular Civil Society)

Even at the stage of preliminary discussion, the Association faced serious difficulties, and some of them became even more apparent after its activities began.

Firstly, the very idea of officially joining something, obeying the decisions of a collegiate body, and so on, proved alien to many ancaps. A working group around a specific project — as many as you like! Membership in a club — by all means! But the Association, by design, looked like something too similar to a political party, and therefore was rejected regardless of the arguments in its support.

Secondly, the Association has internally contradictory goals. On one hand, to engage in constructive activity, it needs a high concentration of activists. On the other hand, to communicate legitimate decisions to the entire large community, it must be as numerous as possible. On a third hand, principled opponents of the association perceive any attempts by the Association to communicate its decisions externally as encroachments on their freedom and try to delegitimize them in every way.

Liquid democracy deserves a separate mention. The Association’s council, to simplify the model slightly, consists of twenty of its participants with the highest number of votes delegated to them by other members of the Association. This creates an incentive for those wishing to enter the Council to campaign for their own sympathizers to join the Association, preferably passive ones, so that all their activity in the organization boils down to joining, verification, and delegating their vote.

As a result, a contradictory situation has emerged.

On one hand, the Association carries out some useful activity. For example, the court it created resolved several conflicts that were previously in limbo. However, in one of these conflicts, the defendant (a member of the Association) did not recognize the jurisdiction of the court over them, thus questioning the claim that the Association is a contractual jurisdiction. A potentially even more useful project is the development of a standard for the blockchainization of relationships. Finally, it is the Association that plans to carry the festival on its shoulders.

On the other hand, all this looks like an attempt to create a monopoly out of nowhere, combining completely diverse activities under a single brand, even to the detriment of efficiency. For instance, the development of the blockchainization standard and its accompanying toolkit requires a compact working group, not a bureaucratic structure. To create a tradition of resolving conflicts in court, examples of successful conflict resolution are needed, not attempts at forced court appearances under threat of loss of Association membership. Cumbersome democratic coordination procedures repel enthusiasts rather than attract them. Attempts to inflate the prestige of membership through economic incentives for Association members and restrictions for non-members lead rather to the opposite effect: any anti-statist knows that if someone tries to impose a certain free service on you, threatening sanctions for not using it, you should run as far away from such gifts as possible.

Now my conclusions.

  1. The creation of the Association was a response by a small active part of the community to quite real challenges facing the community.
  2. This solution is unsuccessful by design and is quite naturally rejected by part of the community.
  3. Attempts to infiltrate the Association from the outside for the purpose of correcting its design flaws are harmful: it is a sin to try to replace the market with politics.
  4. Attempts to destroy the Association for the purpose of returning to the past are counterproductive, since even if the price seems acceptable, as a result, the community will still have to solve the same problems that the Association tried to solve.
  5. The only strategy that seems reasonable to me: ignore its very existence as some unified entity, without rejecting the people who are part of it in any way. Membership in the Association is neither good nor bad; it has no more meaning than an earring in the ear.
  6. As for the little problems, they will have to be solved by our own efforts; no kind uncle will come and help, and no evil uncle will come and hinder. He doesn’t exist, this collective uncle.

Another attempt to recommend the Monteliberal YouTube channel to you

While the channel is on vacation, I’m not bothering with original materials, but so you don’t get bored, I’ll be posting some external content from time to time.

Soz recorded and posted a very high-quality video on MTL-TV, where he explains why the use of multi-signature wallets is extremely useful for literally everyone who holds large sums in cryptocurrencies, and how easily and conveniently this is organized in the Stellar blockchain in general and in the Montelibero tokenomics in particular. I highly recommend it, and I also want to use the suggested recipes once I have a bit more free time.

And don’t forget about the Ankaposhnaya segment on the same channel; they’ve already reached the part explaining the market and seem to have no intention of stopping.

Montelibero, the weekdays of tokenomics

As I have already mentioned, writing news reviews for the entire Montelibero project is currently pointless—no one is capable of fully grasping the state of affairs across the project; it has become too large and complex. Therefore, I will pick certain characteristic themes and provide sketches on them so that a rough impression can be formed about how and what is being done in our community.

The most characteristic feature of the community, as I have written repeatedly, is its developed tokenomics. I dare claim that no other community in the world yet has anything similar. At the time I wrote my first reviews on this topic, the tokenomics still maintained a fairly significant centralization: there was the MTL fund with its own token (which brings modest monthly dividends and is slowly growing in price), there were many tokens issued by the fund to represent its own assets, and there were a couple or three independent tokens, for example, mine. Now, those wishing to diversify their investments have far more opportunities. (True, this is expressed, in particular, by the fact that I managed to place my previous loan of 500 euros in full, while the current one was not fully filled—about 320 tokens were bought. This only means that I need to offer a higher interest rate.)

It is evident that brisk sales followed immediately after the post about the loan placement, but the interested buyers quickly ran out

For example, a person has a dream. He is a programmer, but he also wants to be a DJ. What did he do? He issued DJAndy tokens, and now those wishing to finance his dream can do so. There is an offer with a more detailed description of the terms; it shows that this is essentially a short-term loan with deferred payment, but beyond that, the tokens can be used to pay for his DJ services at a good discount. Who in the traditional financial sphere would invest in someone else’s whims under such conditions? Yet, several people were found, although the total volume of purchased tokens is still noticeably less than the requested amount. The factor of social connectivity proves to be decisive.

In general, of course, the social aspect under ancap is a whole other story. The first Montelibero fund was created for commercial and infrastructure projects and does not engage in charity. Thus, for charitable tasks, a separate fund was created by other people. And what is the result? The fund’s capital is growing, yet there is no queue of suffering people knocking on its doors. People find it beneath them to simply ask for money for living expenses; therefore, the fund’s charity manifests in the fact that it satisfies requests for interest-free loans or sponsors some inexpensive campaigns to promote the Montelibero project.

But even simple interest-free loans already seem like too generous charity to people. For instance, in January, a private kindergarten took a short interest-free loan of 500 euros from the charitable fund to cover a cash gap, and by February, it had already issued its own short-term bonds for 1,000 euros to expand the business—and sold them all in literally two days.

Of course, the mere fact of belonging to the community does not mean that everyone will compete to offer you money on the most favorable terms. On the contrary, newcomers have to make do with short-term loans, while old and venerable companies already have the opportunity to attract long-term money. For example, one of the two whales of our tokenomics, the MTL-City developer, created its own investment platform Tokenopolis, where it offers investments in the construction of specific objects, the purchase of company shares, or three-year bonds. The site is somewhat raw, and if a potential investor knows how to buy tokens through Stellar’s native tools, I recommend using them for now, though it is also possible through Tokenopolis, albeit with some difficulty, and I think they will fix the bugs over time. A secondary market for this family of tokens (as with most others) does not exist—there are simply too few of us for that yet. Thus, after buying a particular investment token, the buyer must be prepared to hold it until the maturity date if it is a bond, and if it is a share, it is completely unclear for how long. Nevertheless, investors can be found.

The second whale of our tokenomics, the diversified holding GPA, also moved from a loan attraction model to the sale of shares. Presumably, they should bring some dividends once a quarter, plus grow in price. However, dividends are not yet being paid, and as long as the entire primary placement is not sold out, one cannot count on a price increase either. But even for such an offer, investors are found, which clearly demonstrates the price of reputation.

As far as I can judge, we have not yet picked all the low-hanging fruit, and Montelibero’s tokenomics is expected to see decent growth in the coming year. Meanwhile, other startup communities will catch up. For example, similar mechanisms for investing in local businesses have already begun to be implemented by the Norwegian Liberstad.

The most promising area of work for increasing the overall volume of tokenomics is the creation of convenient interfaces for third-party investors—through fiat banking instruments or at least through Bitcoin. So far, Tokenopolis has begun to move in this direction, but I hope a more universal platform appears, earning from the integration of Montelibero’s local tokenomics into the world of big finance. Work on this is already underway; perhaps in the foreseeable future, I will be able to tell you what this turned into.

Court under ancap. Practice.

I have repeatedly had to answer questions about how courts would work under ancap, and we even once made a video on the subject. Nevertheless, questions continue to come in. This is understandable; the future is always in question. I believe the best way to resolve this issue is to demonstrate it in practice. Therefore, I am opening my own ancap court.

The main principles I intend to adhere to:

  1. The goal of the court is to resolve the conflict. Not to match a transgression with a registry of punishments, but to ensure that the decision helps the parties reconcile.
  2. All parties participate in the process voluntarily, agreeing in advance to execute the court’s decision.
  3. I reserve the right to refuse to conduct the proceedings and issue a decision at any moment, consequently refusing payment.
  4. The amount of my remuneration is announced in advance; the judicial process cannot begin before the parties agree to its payment.
  5. Judicial remuneration, deposits, and similar payments will be transferred to a separate Stellar account with a “2 out of 3” multi-signature. Thus, (a) parties will be able to withdraw their money in any proportion at any time by mutual agreement, thereby ending the court amicably; (b) I will be able to receive remuneration if at least one of the parties is satisfied with the decision; (c) the transfer of the claimed amount to the plaintiff or the return of the deposit to the defendant will not require the goodwill of the opposing party.
  6. If the parties agree for the process to be public, its progress will be covered by me in my channel.

I do not like it when those who call themselves libertarians simply mechanically replace the word “state” with the word “jurisdiction” and, in essence, try to simply cosplay the state. Jurisdiction is not a territory, not vassalage, and not an office with a sign. It is simply jurisdiction. For libertarians, it is voluntary jurisdiction that follows a request for help in resolving a conflict.

A court is far from the only tool for conflict resolution, and the need for it arises quite rarely. But, at the very least, I want to restore the good name of this institution, so that a court is not used as a threat, but that appealing to a court is perceived as appealing to a doctor or an accountant: yes, one can manage without it, but if the task is entrusted to someone with experience in it, the result will be faster and more reliable.

My main target audience is the participants of the Montellibero movement, but there are no problems with resolving conflicts among the external audience; they may simply need to put in effort to master the basics of tokenomics.

For now, I am accepting requests simply via Telegram DM (@ancapsan), but over time, I may add some additional interface.

2023, results

As usual, I note that I am unable to follow my own plans. Books I started translating earlier are still not finished, my own book on ancap has still not been recorded, but instead, I’ve started translating a new one about the Network State, and writing my own new one about libertarian theory of war.

The Telegram channel is not developing much: there are slightly more subscribers, slightly fewer publications and views, and citations have decreased slightly. Overall, this is logical: the project is mature, there is no aggressive advertising, free time is becoming scarcer; we simply continue to run the channel because how could we not?

Things are quite interesting with Montelibero. This year, the project continued to increase its systemic complexity, and now it can be confidently said: no single person knows how many people are in the movement or how the movement is doing as a whole, because one cannot embrace the infinite. Nor is there any need to. Therefore, certain major milestones are well-known to everyone (MTL-fest, moving into MTL-City), and alongside them are many small local achievements that look like breakthroughs to some and cause bewilderment to others. This is why I haven’t released Montelibero news for a long time; instead, I will most likely choose a segment that interests me and start covering it directly on the movement’s general channel.

In general, segmentation has become the main trend for Montelibero, and this is generally healthy: people try not to waste effort on things that interest them little and focus on what is important. At the same time, various companies interpenetrate somehow and are united only by these loose communications, similar value systems, and a set of approaches to working with reality. Such a Montelibero is not tied to any state borders at all, although, of course, most of the circles in the movement are geographically localized. I expect that next year this trend will become more institutionally shaped, the network nodes will take on a more explicit form, and their activities will receive diverse and more decentralized coverage.

Nothing interesting happened in Montenegro, except for a new government, a new president, the tightening of screws, and a census. In the RF, also nothing interesting, except for a failed coup. On the other hand, Argentina unexpectedly appeared on the scene. Now one can observe with joyful curiosity how etatists are fought with etatist methods, and add individual cases to the collection.

In the New Year, I want to wish my readers two of the most important things: a sense of self-worth and purposefulness. Do not tolerate shit neither in yourself nor around you, and move consistently toward a world where there is less of it.

Montelibero Project News, Issue 16

You know, things have been quite interesting in Montelibero lately.

Four households have already formed in MTL-City. The first three are builders who settled in newly constructed apartments—one of them bought his, while two are renting. The fourth household is the family of the Mayor of MTL-City. Previously, he accepted construction work remotely, but now he will be able to oversee the construction from the roof of his apartments while sipping kafa.

And on September 23, MTL-City will host a libertarian festival. We recently did a reconnaissance trip, estimated where to place the various locations, and realized that about three hundred people could comfortably hang out there—two hundred on the main stage area, and another hundred could easily disperse among the other activities. Several presentations are planned from the stage during the day. First, I’ll briefly talk about how these two and a half years have gone for Montelibero (ah, fuck, speaking on stage in front of a crowd, I’m going to screw it up!!!), then we’ll bring out Svetov to shift everyone’s attention to him and quickly gloss over my failure, and then a few more people for the sake of prestige (like a Montenegrin deputy). In the evening, there will be a concert on the same stage until the end, while the biggest bores will retreat to a quieter place for a panel discussion. Parallel to all this, there will be presentations of local Montelibero businesses and other initiatives, a separate area for children, and all-pervasive networking.

Due to the festival, large-scale construction in MTL-City is temporarily winding down: no new foundations are planned to be laid, and we are focusing on the finishing of what has already been built. However, the builders certainly intend to ramp up afterwards. The construction company recently underwent rebranding; it is now proudly called Tokenopolis and is entering the broad investment market. Those who believe that investing in the Montelibero investment fund is excessively conservative and yields too modest a return can buy tokens of a business already established in Montenegro without intermediaries and receive a more significant profit.

The investment fund itself is currently undergoing reorganization. It has accumulated various social burdens that conflict with the fund’s direct goals, namely generating profit. Therefore, a search has begun for ways to remove this non-core burden from it.

One of the ideas is to create a separate, purely charitable fund. The fund was established at the beginning of the summer and is called the Third Montelibero Fund; it has already invested in the autumn festival and plans to gradually take over both the niche of sponsoring various non-profit projects promoting libertarianism and the function of a mutual aid fund. As is known, such funds were quite common in the 19th century until the state usurped the field of social insurance. But mandatory state social insurance in Montenegro for immigrants is essentially meaningless. This means there is room for activity. I recently invested a symbolic ten euros in the fund to see how it works from the inside. I will keep you updated on its development.

Another idea for transforming the investment fund is the creation of some kind of libertarian association, in which the fund would join as an ordinary member alongside other people and organizations. This idea is currently being actively discussed; many objections have been raised, and there is even a slight chance that this will lead to a split in Montelibero even before Mikhail Svetov arrives in Montenegro.

One way or another, the fund has fulfilled its primary task: at the start of the project, it was effectively the only way to invest money or, conversely, to receive investment. Now, enough alternatives have appeared: a number of quite independent businesses that formed without the participation of the MTL fund and received financing from Montelibero participants. And heightened competition is a powerful stimulus for optimization, which is exactly what we are observing.

Bitcoiners discuss Montelibero, continued

A month ago, the guys from the projects HypeCoinNews and Bitcorn tried to launch a joint podcast Bitcom in Bitcoin, inviting Soz for the first episode to tell them about Montelibero. There was a false start, and they had to discuss Montelibero among themselves. I later commented on one of the takes from this conversation on my page.

And so yesterday, they finally released the recording of the conversation with Soz.

I was briefly reprimanded for the inaccuracy of my comment: by freezing BTC in the Liquid sidechain, I receive LBTC coins in exchange, which I can then use to buy LMTL tokens or any others, and the fund, after selling me its tokens, is free to dispose of the received LBTC as it sees fit, including selling them for euros. But since the liquidity of this market is extremely low, the comment remains essentially valid: using this mechanism to accumulate resources offline is inconvenient.

And then the conversation continued for over an hour about other things (if anyone is ready to make timecodes, it would be very helpful—drop them in the comments). I listened and felt envious: I have to give a talk about Montelibero at the upcoming festival, and it certainly won’t be better than Soz’s, no matter how hard I try(

I’ll probably add one more thing to what Soz said about “broke people.” In principle, a broke person just needs to arrive in the country and start earning; they can completely ignore legalization. The culture of under-the-table payments is extremely developed here. Documents aren’t demanded at every step (and if they ask once every six months, there are no sanctions for saying your documents are at home). Difficulties only arise when trying to leave the country. But if you’re broke, why would you be traveling abroad! Stay in Montenegro, enjoy its—no joke—immense natural and cultural diversity, participate in the activities of the local community, and just don’t worry. Roma people make up five percent of the population here; learn from them the correct attitude toward the state (though it’s better to learn the attitude toward private property from us).

On the right of nations to self-determination

I recently happened to listen to a debate between two Russian emigrants about how to behave toward the Russian people. As it turned out, they sparked a heated discussion in one of the Montelibero chats, so I decided to join in with my own opinion.

Briefly, the positions of the parties:

Mikhail Svetov. The people must be loved; the people are victims of the regime; speaking out against the regime now is pointless, one must wait for the right moment; the people need a leader, a kind master, who will take power and rule guided by love.

Mark Feigin. We have no time to coddle the people, they have already squandered every opportunity; if the people do not overthrow Putin themselves, then there is no reason to be offended if others continue to decide everything for them; reparations will be taken, and the country will be dismantled; by the way, if it is dismantled, that’s not bad—there is a chance for the emergence of a Russian Taiwan, where Mark himself could settle his weary bones.

What causes the greatest repulsion in me throughout all this rhetoric is that everyone talks about some “Russian people.” But the right of nations to self-determination is not about some outsider labeling a particular community of people as a “nation” and allocating a piece of land for them. It is about people defining themselves as a nation, beginning to behave as a nation, and achieving their recognition as a nation. People have such a right—to self-determine as nations.

The people of Montelibero, for example, have already self-determined. Any person can affiliate themselves with our people, ensure that the people recognize them as one of their own, and in time decide on an “aliya”—physically relocating to the home of their people. If they are truly ours in spirit, a warm welcome awaits them.

Mark Feigin, with his dreams of a Russian Taiwan, unexpectedly turned out to be closer to us in spirit than Mikhail Svetov with his dreams of a kind Moscow master. But Mikhail possesses a very valuable ability to pique people’s interest in libertarianism, even if they previously had no clue about it. Later they will figure out the subject and gradually move away from Mikhail’s position, but as an appetizer, Svetov is good.

Therefore, we are very glad that Mikhail Svetov is planning to visit us at the end of September for the Montelibero festival (the website has just been created, please bear with us, it will be updated). And since he is coming, he will, of course, give a presentation. The topic has not been decided yet.

I will also be speaking, providing a brief overview of what the people of Montelibero have managed to achieve in a little over two years, and what still lies ahead for them.

But such presentations are only a small part of the program; after all, it’s not a conference, but a festival. Let’s have some fun—it motivates one to live.

Montellibero’s criticism from bitcoiners

A podcast was released on the Hype Coin News channel, for which two bitcoiners wanted to invite our Soz from Montelibero to tell them about Montelibero. However, the guys failed to account for the Montenegrin polako — Soz was late, and the entire podcast took place without him. As a result, it became a conversation between a person who knows something about Montelibero and a person who knows nothing but is trying to understand.

The main question that concerned the interlocutors for most of the podcast was “why are they using some shitcoin, what’s it called, Stellar, when there is a normal, orthodox Bitcoin?”

I have two answers to this question.

The first is usability. For instance, I cannot provide a link to a post from the Hype Coin News channel, nor to the channel itself, because it is private. As for how to subscribe to it — God knows; I subscribed somehow a long time ago and no longer remember how (which is why I am simply posting the podcast right here). It is roughly the same situation with attempts to operate tokens on the Liquid Bitcoin sidechain. Yes, the MTL fund has a Bitcoin sub-fund there, but all I managed to do there was buy L-MTL tokens with Bitcoin and occasionally nudge the head Bitcoin guru manually so that he would manually transfer the dividends to my Lightning wallet. This is not a full-fledged tokenomics, but rather a reservation for Bitcoin maximalists.

But if one sets a goal, it is possible to write a custom wallet (such an attempt is discussed in the podcast) with decent usability, and the first answer would become irrelevant. So, I have prepared a second, more fundamental answer.

What do our bitcoiners see as the main advantage of Bitcoin as a platform for tokenomics? That by issuing tokens, you provably freeze Bitcoins as collateral. But if an investment fund freezes all receipts, it turns out that it is investing in Bitcoin, and only in Bitcoin. However, the MTL fund needs to invest money into one business or another. Thus, its tokens will ultimately be backed not by the original carrier of value transferred to the fund, but by obligations. It doesn’t matter what entered the system. Some bought MTL tokens with Bitcoin, some with rubles, some even with the god-forsaken Lumens. Most of these funds were then converted into euros, and those euros were used for purchases on the external market. And entries appeared on the fund’s balance sheet regarding which assets it acquired. More precisely — tokens of the assets acquired by the fund. The fund does not have a single euro — neither in bank accounts nor in cash — because such entities cannot be put into a blockchain. Instead, it has tokenized euros (which the fund’s treasurers are obliged to exchange for cash upon first request, and these are specific people, and as many as needed can be brought in). Plus tokenized businesses that bring dividends. Plus tokenized investments that one hopes will increase in price — for example, land or Bitcoin itself.

If we used tokenomics based on a Bitcoin sidechain, it would be absurd. I freeze my Bitcoin in the sidechain and receive an MTL token. Then, for the fund to invest the funds, it would need to find someone who will accept this Bitcoin frozen in the sidechain and give euros for it. And where can you find such a person?

It is clear that bitcoiners would like to see something like the Bitcoin Beach project, where there is a large local economy, and everyone within this economy keeps records and makes settlements in Bitcoin. Need land — buy it with Bitcoin. Need a tractor — buy it with Bitcoin. Need to pay taxes to the damn state — pay with Bitcoin.

Yes, in such a world, tokenomics could be based on Bitcoin. What stopped us from doing something similar? Nothing, it is simply a completely parallel task. When the Bitcoin Beach franchise comes to Montenegro, we will be able to fit into it. But for now, it is more convenient for us to use another solution, one that is cheaper and simpler.

Tokenomics is perpendicular to Bitcoin. Bitcoin is about the ability to store and transfer value without trust. Tokenomics is about the ability to monetize trust. One does not hinder the other.

As a dessert, I suggest refreshing your memory with a couple of my texts on tokenomics: part 1, part 2.

Montelibero Project News, Issue 15

Exactly two months have passed since the previous issue, let’s go through the news.

On May 24, a libertarian flag was raised over MTL-city. I hope this is not just a morale-boosting action, but also a declaration of intent to protect the territory from state encroachments; otherwise, the Montelibero flag should have been raised instead of the Gadsden flag with the snake.

I wrote that in MTL-city they promised to deliver the first apartments by summer. Well, we can conditionally consider the promise fulfilled: on May 28, the first apartment owner in MTL-city moved into their home. He worked on the construction site himself, including finishing his own apartment, which is why he moved in first, even before the full formal completion of the work.

In the last issue, I lamented that with current construction prices, I wouldn’t have enough money, and now I am forced to put my small plot of land up for sale.

The plot of 202 sq.m is conveniently located right in the geometric center of MTL-city. Communications are brought in from below, which means greater convenience for connection to the sewage system. The main road runs along the plot, which facilitates access—no need to maneuver through narrow internal paths. There are two oak trees on the plot that create extensive shade (very relevant in summer), and if there is a desire to build on a large scale, they can be cut down and sold for firewood. The plot is also burdened with a debt of 2,055 euros for the payment of general infrastructure construction. Price: 8,000 euros (including the encumbrance, it will be 10,055). Installments are possible. Contact via DM.

Montelibero was presented at two major conferences: Zuzalu (a posh gathering in Luštica Bay, with honorary citizen of Montenegro Vitalik Buterin, Dritan Abazović, who is spending his final days as the Prime Minister of Montenegro, and other famous guys like Titus Gebel) and Edcon (a two-day cryptocurrency conference, also with Buterin and various Ethereum startups). As a result, we have a number of business contacts plus an increased probability that MTL-city will have fewer problems with the legalization of buildings.

The Montelibero Wallet, which is a Telegram bot, has made significant progress in its functionality. It already supports multi-accounting, trading is possible through it (though Lobstr still has a more convenient interface for this), it is equipped with special tools for MTL fund shareholders, but most conveniently—it is now possible to deposit/withdraw funds in USDT (TRC20) or Bitcoin (Lightning) through it. That is, if before I deposited bitcoins on-chain to the fund’s wallet, and then the fund officially issued BTCMTL tokens against them, processing the decision via multi-sig, and this took a day—now the entire procedure of depositing Lightning in exchange for SATMTL tokens takes about five minutes, without involving live people in the exchange, and without commissions.

In anticipation of the yachting season, a yacht club was launched by Montelibero participants. Participants meet on Saturdays either in the first Montelibero club or in the Bar marina, and have the opportunity to order a yacht trip at discounted prices or undergo skipper training. EURMTL is accepted as payment.

The Montelibero podcast channel has become active; it currently features conversations about individual interesting employment cases in Montenegro (there are episodes about a chef and an electronics technician so far) and weekly reviews of the project’s news.