Quote from: theymos on November 17, 2017, 05:59:36 PM

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.

Theymos, glad you brought this up because this is exactly what is being worked on and has been in the works for the past year.

In January of this year The Seasteading Institute was able to sign a Memorandum of Understanding with the government of French Polynesia to build the world's first seastead in a protected lagoon of the main island of Tahiti granting a Special Economic Zone (SEZ) which would allow for some leeway on most economic laws while still being under the criminal code of French Polynesia. The Seasteading Institute, being a non-profit, split off a for profit company called Blue Frontiers ( http://www.blue-frontiers.com ).

Blue Frontiers has been working on this full speed ahead, I started volunteering with them in June and they have been laying the ground work for an ICO since then ( https://www.blue-frontiers.com/en/token/ ). The plan and what is currently going through the legal process is a Security token which would give each token holder shares of the Blue Frontiers company. We explored every other way of doing an ICO and it appears that following the letter of the law with the SEC is the best approach.

The ICO should go live around the same time the French Polynesia legislation goes through in Q1 2018.

Here is an updated image of the actual pilot seastead that will be produced, we have a firm from the Netherlands that has built floating structures before and a team of over 50 people working on every aspect of the seastead from food systems to energy, Internet, blockchain governance, etc.

https://www.facebook.com/Blue-Frontiers-255004088265639/