Discover the Quest for a Decentralized Paradise: Exploring Floating Crypto Islands!

    • Discovering New ⁢Possibilities: Exploring Seasteading
    • Concluding Thoughts

    Blue Frontiers, a company dedicated to‍ creating⁣ permanent dwellings at sea, recently signed a memorandum of understanding with French⁣ Polynesia for‌ The Floating Island Project.

    Before we delve into this latest venture, let’s⁣ first understand the concept ‍of seasteading. It is⁣ a blend of science fiction and reality, with ​the idea ‍that establishing permanent dwellings at sea can solve various socio-economic, political, ‍and environmental issues.

    Note: This article ‌was ⁢originally published on May 21, 2018.

    A mid-term future seastead concept developed by Blue Frontier’s ⁤Dutch‍ engineers⁢ at ‍Blue21

    Blue Frontiers’ ecosystem comprises of‍ a physical platform called the Seastead and a legal platform called the SeaZone. The company is also planning⁣ to⁢ launch Varyon, a token that aims to foster diversity ⁢in‍ governance and facilitate⁤ transactions within the Blue⁣ Frontiers ecosystem.

    Varyon ​offers a range of ‌functionalities, such⁢ as ​purchasing or leasing space ⁤on a ​Seastead,‍ registering businesses, and ‍becoming a “virtual resident” in⁤ a‍ Blue Frontiers SeaZone.

    The video raises a pertinent ​issue – 7.6 billion people live ⁢under the authority of approximately 193 land-based governments. As history has shown, central governments can vary from being ⁢average at best to being genocidal at worst.

    Blue Frontiers is not the only project aiming ⁣to cater to the desire ‌for freedom from a ‌specific⁣ nation or ​government. ⁤Tim Draper-endorsed ​Ledger Atlas, for ⁣instance, has a similar objective‌ in Papua New‌ Guinea to​ develop and operate a special economic zone for crypto, blockchain, and innovation. Furthermore, countries like Singapore, Malta, Switzerland, ​the⁢ Cayman Islands, Lichtenstein, and other ⁤smaller‍ countries ⁣have blockchain-friendly policies ⁢and incentives to attract ⁣digital ⁢citizens.

    The Dystopian Search ⁣for Utopia

    The idea evokes memories of Galt’s ⁢Gulch – an 11,000+⁤ acre plot of arable ⁣land in the Chilean Andes named after the fictional spot in Ayn Rand’s “Atlas ‌Shrugged” where‍ the world’s proficient and competent ‍innovators sought refuge⁣ (also relevant to our discussion here).

    Residents of Galt’s ⁣Gulch Chile aimed to create a haven for libertarians and anarcho-capitalists ‌to work, while simultaneously enjoying the ⁢country’s⁣ pleasant ⁢weather and⁢ low taxes. The economy was to be‌ based on Bitcoin.

    “We are delighted to offer a ⁣sanctuary for people who value freedom, away from the oppressive governments‍ of the Western world where ​they can⁤ create a vibrant⁣ community,”⁤ Jeff Berwick, one of the founders ‍of Galt’s Gulch Chile,‌ wrote in May 2013.

    “Why shouldn’t Bitcoin be the John Galt coin?”⁣ – Ken Johnson, another founder ‍and managing partner.

    Unfortunately, the grand vision fell ‍apart within two years of its launch in 2012 due to ⁢personal ⁤and legal conflicts, leading ‌The Economist to call⁤ the​ whole thing a “Bitcoin paradise.” Today, it seems like‍ nothing more than a utopian pipe dream.

    While it may be premature⁣ to label Galt’s‌ Gulch Chile as an elaborate scam, several involved parties have accused the leadership of corruption.

    Galts Gulch

    “The level ⁢of deceit involved⁣ in this scheme could ​only ​have been⁢ possible in‍ the​ libertarian community because [Johnson] exploited their distrust of the government and urged them to invest through a trust, without revealing their‍ identities, preferring that they use precious metals or Bitcoins to avoid being traced,” alleged potential investor Josh Kirley. “It seemed to have worked perfectly, whether intentionally or motivated ‌by circumstances.” Despite his skepticism,‌ Kirley did ⁤give credit ​to GGC for‌ its early foray into building a digital-asset-based ‌economy. For perspective, during that period, Bitcoin was ​trading​ at ‍around ​$125. ⁢Ironically, the sales generated by GGC in 2013 amounted to approximately $10 – $105⁤ million⁤ today ‌(factoring in price fluctuations in

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