Perched on an incline where the road splits the countryside as much as the community, Webster’s home on the island of Roatán is at the center of a battle over land rights and sovereignty that has galvanized Honduras. It’s also symptomatic of a broader phenomenon throughout the region, where foreigners – often cryptocurrency enthusiasts, libertarians or both – have flocked in recent years, supporting controversial projects – such as the proposed “Bitcoin City” in El Salvador – threatening to displace local residents and drawing comparisons to colonialists. When the new Honduran government repealed a pair of laws in late April that had allowed for the creation of semi-autonomous zones called a Zede, it sent a similar message. But investors in the Zede on Roatán, known as Honduras Próspera, have challenged the move.
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