Elon Musk wants to create a city with cryptocurrency-based economy

In yet substitute ambitious project, Tesla's chief handing out, Elon Musk, has announced that he will construct a adding occurring city in Texas, called Starbase, which will have its entire financial system based in defense to cryptocurrencies.

Like many of Musk's surprises, the news was announced via his Twitter account. The billionaire published: "Creating the city Starbase, Texas" and unexpectedly afterwards indicated that the construction may be connected to his intend to comply the red planet. "From there to Mars, and in addition to the stars," he tweeted. The city will partner the SpaceX rocket commencement site in Boca Chica.

In a series of responses to new users of the social network, Musk indicated that the city may be the basis of the Dogecoin coin, a cryptocurrency created from a meme that recently surpassed bitcoin, becoming the most cited digital asset vis--vis Twitter in February .

To make the mystery (or the silliness) even enlarged, he posted a colleague to the Wikipedia page of the Doges, former rulers of Venice and Genoa. Therefore, we cannot be sure that Dogecoin will be Starbase's cryptocurrency.

A favorite of Musk, Texas is the focus of several SpaceX operations. In adding happening to the establishment center in Boca Chica, the city of McGregor is perch to a rocket test power and a factory is planned to be built in Austin, the own occurring capital.

Cameron, Texas, County Judge Eddie Trevio said that SpaceX had informed authorities about plans to incorporate Boca Chica into the city of StarBase. "If SpaceX and Elon Musk in fact tormented sensation to continue upon this lane, they will have to obey every statutes of declare whole," said the deem.



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