Tech elites are starting their own for-profit cities

If you have $1,500 to spare each month, why not head to Balaji Srinivasan's prestigious “Network School,” conveniently located on an artificial island near Singapore? It's the perfect place for all tech enthusiasts looking for an opportunity to learn how to start a new company—and not a commercial one. The former technical director of Coinbase seems to have some pretty ambitious plans for the future of the international tech elite, and the school mentioned here is just the first step.

The current state of US society leaves much to be desired, and while mere mortals spend their lives trying to maintain the conditions necessary to live, those blessed by the path they have chosen, or that has been chosen for them, aim ever higher, touching on ideas and suggestions beyond imagination.

If it were possible to create decentralized currencies outside the control of governments, could a new type of society be built based on these currencies? This is the question that hangs in the air following the frightening boom in cryptocurrencies, often followed by the proposal of a crypto-economy at the basis of the state; a state, of course, founded “just like a start-up is founded.”