Thailand’s Crypto Utopia — ‘90% Of A Cult, Without All The Weird Stuff’

The story of how a Bitcoin OG set up a Libertarian crypto community and commune for digital nomads on beautiful islands in Thailand three times — and why he hasn’t yet given up on the dream.

It’s a wild tale involving “unchecked merrymaking,” crypto-influencers, police grillings, seasteading, a reported $20,000-a-month burn rate, rumors about shamans and drugs — and a major collision between idealism and reality. It was also, by all accounts, a whole lot of fun.

Cryptopia became the House of DAO, and a new version is planned.

The spectacular Cape Residences in Phuket, Thailand are a world away from the bohemian backpackers and Full Moon parties of Koh Pha-ngan where I’ve spent the past few weeks researching Part 1 about crypto digital nomads living in paradise.

If you’ve ever imagined how a Bitcoin OG lives, Kyle Chasse’s villa probably fits in the bill, nestled in between residences housing members of the Royal Family of Dubai and early Apple investors.

There are four cars in the driveway, including an electric BMW charging up. Chasse is a big friendly bear of a man who greets me warmly and takes me on a tour of the seven-bedroom mansion where many of the 85-strong Master Ventures team does business, from social media videos to planning investments and Paid Network launch pad projects.

The beds are so large you could get lost; there’s an indoor golf driving range; and as we take a look at the outdoor entertaining area, Chasse flips a switch, and a waterfall starts pouring from a great height into the pool. “This is my favorite thing,” he says.

“This place is like a hub. Everyone comes here, they have lunch, eat and talk and hang out, play basketball. We have movie nights and dinner and stuff like that.”

This is the latest — and most scaled-back — version of his dream to create a crypto commune for like-minded Libertarian dreamers. He’s tried twice before on Koh Pha-ngan, once on Coconut Island, and dabbled with setting it up as part of the ill-fated viral Cryptoland project the internet mercilessly destroyed.

The first and, so far, most successful version saw Chasse and friends take over the Utopia resort on Koh Pha-ngan for eight months. “We had 35 villas and 70 people,” he explains. “We changed it to Cryptopia in 2018.”

“I think someone said that it was like 90% of a cult, without all the weird stuff.”