Post
Topic
Board Project Development
Merits 20 from 7 users
We should build a seastead
by
theymos
on 17/11/2017, 17:59:36 UTC
⭐ Merited by Welsh (10) ,paxmao (5) ,bill gator (1) ,OgNasty (1) ,iluvbitcoins (1) ,amishmanish (1) ,LoyceV (1)
The Bitcoin price is amazingly high, and it has stayed amazingly high for quite some time. I've been expecting it to crash for the last year, and I was especially expecting it to crash in response to the various B2X nonsense, but it's still quite high. These high prices may well be long-term-stable. Therefore, since we gentlemen are in fact the new wealthy elite, I think that the time has come to work toward a project that I know a lot of early Bitcoiners (including myself) have always dreamed of: a mostly-sovereign libertarian seastead. There must be a lot of Bitcoin millionaires who would be willing to work toward this.

The Seasteading Institute (TSI) has an example seastead design with a total estimated cost of $115 million with room for 270 people. So that'd be an average of $425,000 per person up-front, plus a yearly maintenance cost of $13,000 per person. IMO it should be fairly easy to fund something this size from Bitcoiners, and you could probably go even bigger/better. TSI has already done a ton of research/engineering work and built a ton of connections, so a project to actually build something like this would have a great head-start.

The main goal of seasteading is to have a jurisdiction with minimal-possible regulation and government involvement, creating a space for extreme innovation. Like Hong Kong, but even better. At least to start with, you'd probably have to officially be under some government's jurisdiction (via a special agreement with that government), but it will hopefully be possible to keep this very minimal. TSI has already had some success in negotiating this stuff with some governments. Another goal would be to create a good environment for the people living on the seastead: fast Internet (maybe via laser links), high security, overall good facilities, etc.

Who here is interested in participating in this, and what would you want a seastead to have before living on one? I'm not going to collect any money from people, but if there's enough interest (maybe $75 million or so), we can hire some people who actually know what they're doing and create a proper company with a board of directors, etc. Maybe it could even be made into an ICO, though I'm pretty skeptical of those in general.