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The links going to http://i-wish-it-was-true.com/ are not encouraging for the veracity of the story :-)

What gives? Hoax? Thought piece?

It's a (bad) hoax. Moldova is runned by ex communists. Enough said.
That party is the opposition currently; the ruling coalition is a coalition of liberal parties: http://en.wikipedia.org/wiki/Alliance_for_European_Integrati...

Even the "Party of Communists" is pretty questionable on the communist credentials, though. As far as I can tell from English-language sources, they're more of a right-leaning populist party, with the main communist connection being that they're Soviet nostalgists. But their Soviet nostalgia seems to have more to do with a vaguely nationalist nostalgia for the days of a once-great power, than much to do with workers-of-the-world-unite. Vaguely like Putin's views on the subject, or the way a handful of Britons are nostalgic for its once-great empire.

I think it's just a pleasant "what if". One of these days some internet billionaire is going to be elected president of a country and what if they decide becoming technology business friendly a good for their economy?
Iceland is moving in that direction.

It's not enough to decide that's what you want, you need the institutions to support it. Even if Moldova decided to do it tomorrow, they're easily a decade or two away from being able to implement it.

Moldova is a dirt-poor country, sporting an extremely volatile political system that only just pretends to implement the rule of law. For Moldova to be some sort of information freedom haven, especially one that points its finger at the United States, is laughable.
Exactly. And how exactly did this post get on HN?
Couldn't help but laugh at this bit from the linked article :

"It even has a nice restful API so you can spawn companies and file for bankruptcy 100 companies/second. If you want more there is a premium plan."

IMHO that request limit is very restrictive.