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This Cryptocurrency Billionaire Is Trying to Split California Into Three States

  • Tim Draper faces an uphill battle in trying to break up state
  • The last time this happened was during the Civil War
VENICE BEACH, CA - JANUARY 30: Surfers leave the water just off the coast on January 30, 2017 in Venice Beach, California. (Photo by Bruce Bennett/Getty Images)
VENICE BEACH, CA - JANUARY 30: Surfers leave the water just off the coast on January 30, 2017 in Venice Beach, California. (Photo by Bruce Bennett/Getty Images)Photographer: Bruce Bennett/Getty Images North America

Tim Draper, the billionaire venture capitalist and legend in the world of cryptocurrency, has an idea: Let’s split California into three separate states.

There are at least five reasons why this idea is doomed from the start, but first, here’s his case: