Bitcoin Forum

If i have money about USD 1.000.000.000.000. i want to build an island in the international sea far away from any EEZ of any country and declare it as a sovereigh country and make it a new absolute monarchy where i am be the king of the kingdom....and of course using bitcoin as a national currency...

Is this a real plan or just a joke? Because it probably will be a nice country with Bitcoin for national currency ;D

You will need a good whipe to beat all the peasants and make them work hard, and give 99% of their harvest in tax to their lord.

I think you dream too high.

If you do manage that, and people do it all the time, witness China building all that cool stuff on the Spratly Islands, chances are that someone with bigger guns is going to have a problem with it.

Have a look at this.

http://en.wikipedia.org/wiki/Minerva_Reefs#Republic_of_Minerva

An entrepreneur identified some semi submerged reefs in international waters. If it isn't above the sea all the time then it's not officially land and no one can claim it. He arrived and dredged until they were full time islands and then the king of Tonga turned up and nicked them.

I heard about building your own nation/micro nations a while ago you could do something like that but your goal might be to high.

You seems like joke. International sea cant be bought. Recent news is about Liberland president is arrested by Croatia for trespassing in 'no man's land' .
http://www.foxnews.com/world/2015/05/10/liberland-president-arrested-by-croatia-for-trespassing-in-no-man-land/
 http://www.reddit.com/r/Bitcoin/comments/35h2mv/liberland_founder_jedlicka_detained_by_croatian/

Are you asking if the OP really has a trillion dollars?  Probably not.   :D

Are those the only unclaimed territories left on earth.

There are a few unclaimed places left, but that's mainly because their neighbours can't or refuse to decide who actually owns it. If someone tried to sneak in and claim it they'd probably find they were last in line.

http://en.wikipedia.org/wiki/Terra_nullius#Current_terrae_nullius

Not the first time threads like this show up. But would it really be a good choice to have bitcoin as the currency? Don't think it would remain an absolute monarchy for long. And that's a good thing. But for a small country would the free market that bitcoin brings really be good? Wouldn't that leave the island more vulnerable to capital flight that could stop the small economy? And woulnd't the inequality in the country mean there can't be a real free market? Inequality from the positions of power if the king is around or just money and access each person has.

Why is this not in Off-topic :D

In standard English, the present personal pronoun, "I," is capitalized. Do you write it in lower case because you know the significance of caps and lower case? (I'm not going to ask if you were too lazy to hit the "shift" key on your computer keyboard.)

Being a king isn't all that much fun. A king has the duty to care for his subjects. In fact, it is his duty to be nice to them, because if he doesn't, they might rebel and destroy him.

In America, Canada, and the U.K., every human who understands common law is the king of his "residence." He is the king of his castle.

:)

Better talk it with Bryan Coleman he has same plans with you. You can't do it all alone I think you need alot of investors.

Seems to be a popular idea these days, i would like to join one :)

You can spent this 1000 billino dollars to buy all the bitcoins on the market. And thus make another bitcoin bubble. This way you will hwlp bitcoin more =)))

I think I saw some other guy that accually got an island but I think it died down and he just dropped it.
The idea of this would not work.. Since you ill be making a new nation then you would need land to make money off or somekind of income so you can get infrastructure.

You will need to be able to trade with other countries to be able to survive since you will have a hard time getting people to live there..

I think it's likely that you have to trade with other countries, yes, especially in the early stage of your Island (in which you have to invest a lot of money for the Island itself, but also the infrastructure and other facilities; like a way to get fresh water).  If you have a solid base, I actually think that are some people willing to live their whole self-sufficient. I think everywhere in the world you can find those people, you just need to attract them to your Island.

- -

I don't think I would use BTC as the currency over there. If you would really need a currency in such place, you should create a currency that you can fully control on your own. However, in such "Utopia Island", i'm not sure whether you need a currency.

No, you would depend on eachother to survive.
So digital currency would not be te best idea for this.

Unless its called Coconuts..

"Ill pay you 2 coconuts for that goat"
And then you go get 2 coconuts from a supply shop that accepts the currency and gives coconuts for it...

LOL

I think it's likely that you have to depend on eachother to survive indeed, especially on such "isolated" islands. But, even then, I don't think there is a need for currency over there. Indeed, you can trade your goat for Coconuts (if that is what you want), but I don't think that is neccesary in the case that I expect people on such Utopian islands working together to survive. I expect them to have a mentality of "all for all"; work together to survive; and egoism is not appreciated.

It should be like that ofc.
But I think that there will always be that one capitalist that wants more than everyone else.
And that is the kind of behavior that can ruin such a perfect place.

My advice is to place your kingdom deep inside a continent, else, with the sea level rising, you may lose it.
Now let's find a country that would sell you land for this project....

In a properly corrupt African banana republic, he can buy land and could even buy people for his new country... so he should go to Ukraine :D.

LOL.

If he did it in Africa then he would have another war with just about any tribe or religious groups there.
Its like monkeys some of them.

"New people?? O_O"

"WE MUST SLAUGHTER THEM"

You know what would be absolutely epic? A virtual game for this that modeled situations well. I would spend hours on that, but unfortunately all of the games that try to depict this kind of situation is much too unrealistic.

But anyways, Bitcoin is an online currency. I'd think that actual, physical currency would be a lot better for your little island.

If you ever collect this money and decide to move on with this plan, I can recommend you Liberland, free territory between Serbia and Croatia, unclaimed by both countries.
You may offer this money to the authorities, buy this land and build your kingdom.
After that, you can rule as king there and choose your policy, national currency, whatever you want...
If you offer good salaries to your employers, I may move to your country :)