To add even more reasons why this is a bad idea, Nauru has very poor soil as a result of phosphate mining, so on-land agriculture is extremely limited, and most food is currently imported, leading to an obesity epidemic. Similarly, there are no lakes or rivers on the island, so water is either imported or collected from rainfall.
Also the Australian government is currently operating a controversial detention centre for asylum seekers on the island, and presumably would stand in the way of any purchase.
Really, it’s hard to overstate how much of an obviously bad idea this was.
None of that would detract from its “value” as a regulation-free zone for crypto enterprises though!
(At least where a plan has significant problems, and a co-conspirator or member of SBF’s family was involved in the plan somehow, I think it’s fair game to point out how the plan could have had significant advantages for SBF’s own personal interests.)
To add even more reasons why this is a bad idea, Nauru has very poor soil as a result of phosphate mining, so on-land agriculture is extremely limited, and most food is currently imported, leading to an obesity epidemic. Similarly, there are no lakes or rivers on the island, so water is either imported or collected from rainfall.
Also the Australian government is currently operating a controversial detention centre for asylum seekers on the island, and presumably would stand in the way of any purchase.
Really, it’s hard to overstate how much of an obviously bad idea this was.
None of that would detract from its “value” as a regulation-free zone for crypto enterprises though!
(At least where a plan has significant problems, and a co-conspirator or member of SBF’s family was involved in the plan somehow, I think it’s fair game to point out how the plan could have had significant advantages for SBF’s own personal interests.)