"In between Serbia and Croatia, on an area of about 6 sq.km, a brand new country named Free Republic of Liberland (Svobodná republika Liberland) has emerged. The new state will adopt Bitcoin, or another Bitcoin-based currency, as its national currency.
"The preparatory committee granted powers to the president to inform the neighbouring countries, as well as UN and the rest of the world, of emergence of a new state via diplomatic notes. Founders of the new state want to establish a society where decent people could prosper without excessive governmental prohibitions and taxes.
Our ideals are Monaco, Liechtenstein and Hong Kong” Jedlička said.http://forklog.com/bitcoin-will-be-the-national-currency-of-the-new-state-liberlend/
The country was proclaimed only last week: https://en.wikipedia.org/wiki/Liberland
"There are plans for an official cryptocurrency system, although all other currencies will be allowed.
The politicians will be constitutionally forbidden from indebting the nation."
Has something like this been tried before?