One hard choice would be for the government to pay off their $21 trillion debt.

The future consequences of that will be devastating. Only math deniers don't believe this.

Varyon will be the base currency when dealing with anything related to Blue Frontiers, including property, etc.

Depending upon the amount raised during the ICO the full project could be funded just through the ICO or at the lower end the initial platforms can be built and sold in order to fund the rest of the builds. The hope is that there is enough raised through tokens that Blue Frontiers will be able to build all of the pilot platforms and rent them out or sell them in a controlled manner. Money from timeshares would bring in a lot of money for the company to move forward building new platforms and improving production to bring costs down. If the ICO is on the low end they will be able to build a few initial platforms and with the sale of one platform they can build more, following more of a manufacturing model where they get paid for manufacturing and selling platforms.

It is not yet known what the fees will be for property owners, the idea behind seasteading is having a variation in governance models so one platform might set up a property tax or marina/condo or timeshare type fees while another might have some other structure for maintenance. The hope is that maintenance is kept to a minimum for these platforms.

If the solution to global warming was "oh shit, looks like we'll need to shut down governments and implement anarcho-capitalism to save the planet"...then I might be more inclined to believe the scientists that are paid by the government.

When the solution to global warming (science funded by governments) is "we need to give more power to governments" makes a fella go...hmmm....

Much of science has so many similarities with religion that it is not all too different.

If someone believed in science as something where people should continue to ask questions and hypothesize on just about anything, then questioning the consensus certainly falls within the nature of science. Had we all agreed, due to consensus, that smoking is good for you then we would all be a lot worse off right now.

Challenge the accepted norms, question everything even if "the majority" believes it to be different. This is science.

But you probably don't believe in such science. Only the religion.

Early on that might be the case, but I think the team plans on composting so even if the waste needs to be exported it will be exported as soil (initially). With innovative food systems on the anchor zone on land all of the waste can be utilized within the community.

Here is the current timeline Blue Frontiers has laid out to get things going.

• 2017: Signed MOU with French Polynesia; launched Blue Frontiers; held researchers
Floating Island Research: Science & Technology meeting at the
UC Berkeley Gump Station on the Island of Moorea. Co-hosted first international
seasteading gathering in Tahiti. Conducted significant economic,
legal, and environmental research; developed new seastead designs; built
a global team
• 2018 Q1: launched Blue Frontiers Global & Blue Frontiers Communities
• 2018 Q2: launch Varyon
• 2018 Q3-Q4: acquire a SeaZone from a host nation; continue negotiations
for additional SeaZones; engineer and blueprint seastead designs
• 2019 Q1/Q2: prototype seasteads; wave-model testing; manufacturer and
supply chain assessments
• 2019 Q3/Q4: manufacturer and construction team selection. Construction/manufacturing
begins
• 2021: first seastead is deployed

Your former engineering questions answer the latter question about why a host country is needed.

Previous seasteading projects focused on having a seastead out in international waters (200nm away from any country) with estimates being in the hundreds of millions of dollars (just look at the cost of an oil rig to get an idea of cost). The hope is that we can come up with some better engineering that will get that price down over time. There are so many different things to consider when trying to create a seastead in international waters that not experimenting would be a rather foolish way to risk so much money.

This has resulted in considering a phased approach.

Phase 1 is building a pilot seastead in a protected lagoon of a host country.
Phase 2 is moving/building 12nm out from that location giving more sovereignty while having the challenge of open water, while maintaining a lifeline to the host nation.
Phase 3 is full sovereignty 200nm out in international waters.

Having a host country lets Blue Frontiers build in a protected lagoon which allows for working out such concepts as you mentioned, governance, citizenship, sustainability, engineering, etc. All things that might sound good on paper but once on an actual seastead might have complications that nobody ever considered. It also allows some hybridization so that baby steps can be taken. Food, for example, will be difficult to grow initially and is likely more cost effective to just buy it from the host nation. Internet can more easily be transmitted to the seastead. Many initial requirements can be covered in an incremental approach which allows Blue Frontiers to raise a smaller amount of money up front and grow from there.

A host country also gives the protection of the military which would be an even larger economic cost to a fledgling new seastead in international waters.

With the Special Economic Zone Blue Frontiers will be given some economic leeway which will allow for some initial experiments in governance but will still be under French Polynesia criminal law so rape, theft, murder, etc will have a fully functional justice system to take care of such things without needing to start from scratch.

And...we broke upwards.

Get ready for my devaluation fork coming soon(tm).

This won't be your typical fork, converting your coins will be easier.

I will give you an address to send your bitcoins and I will send you .01 fork coins back which will now be called 1 bitcoin.

I used mBTC for the longest time even when the price was around $100 because I always assumed that one day the price would go to $1000 and one mBTC would equal $1.

In the US and Europe we have one way of thinking when it comes to dollars and euros which we think is the natural way of thinking of prices.

Other places I have lived the currency is such a tiny denomination that having a million of the currency isn't that big of a deal.

In French Polynesia it's about 100 francs to the dollar. I guess it's natural for the locals but I always look at the price and think of it in terms of pennies (moving the decimal two places to the left to see the dollar denomination).

The key though is that no country's currency is as valuable as bitcoin so it's unnatural for everyone to think in terms of .00001 etc.

Satoshis would satisfy many countries and slowly evolve so it's more natural for US and Europe. The dollar and euro will be like the rest of the world's currencies eventually anyway.

I just hope it's not a libertarian.

Being the last captain on the titanic makes it look like it was his fault as you're sinking. Even if you just grabbed the wheel at the last second while the person who steered you toward the iceberg is down in the cantina getting drunk.

With $30-$50 in debt with almost all taxes going toward interest payments on the debt we will not last much longer at that point. Whoever is in charge will be blamed when that happens.

There are more than 993 days in 6+ years.

Seems like a significantly smaller amount of 10k addresses now than when I last checked.

I wonder what the breakdown is of how many of the big addresses have grown, on average, smaller over time.

Maybe one day bcash will be back to .2 BTC...and maybe this thread will reach .2 Wall Observer BTC/USD...

need someone to pump the posts

classic


Though I usually don't respond to trolls, this one is easy.

Blue Frontiers is in the process of establishing a Special Economic Zone (SEZ) in a protected lagoon in French Polynesia. A Seazone that will have autonomy economically but still have the military protection of the host nation. French Polynesia being the only nation we can publicly mention that we have an agreement with right now.


hmm, so a floating platform in the water that does not need an engine to move or need to traverse the open ocean would require an astronomical effort while a boat that someone can live on is ok if you're broke...


Now, this pilot project phase is of course just the first phase. Phase 2 is 12nm out with more sovereignty and Phase 3 is the full 200nm international waters sovereignty. Each phase is required to enhance the engineering required to accomplish the task of having a floating city survive and thrive in their location. Though speculation about what the city will look like in international waters is a bit silly on a web forum before the pilot in a lagoon is even created, I would imagine some sort of energy generating breakwaters enclosing the whole city. But those are the discussions we will be having on the seastead where we learn from living, not on Internet forums.

Hmm, real estate that is mobile...


That's part of why I'm interested in seasteading. I'm investing the amount in the Blue Frontiers currency what I would pay for a house (the only currency they will accept for seastead real estate). SEC won't let me say the value of that investment will go up but at least I won't have to worry about buying the limited currency down the road.

Happy May Day.

Today I lit a candle in front of my Karl Marx statue and repeated the planks of the Communist Manifesto...again.

So many socialist holidays...so few candles...

When you have to pay property taxes can you ever really say "You own it outright"?

Anyone else going to the bcash conference in Hong Kong this month?

https://coingeek.com/conference/agenda/

They will have such innovative speakers as Jihan Wu in the morning, Roger Ver and Craig Wright in the afternoon then Jihan Wu, Craig Wright and Roger Ver on a panel discussion later in the afternoon.

Then you can meet notable people at the after party such as Roger Ver, Craig Wright and Jihan Wu.

Don't miss this exciting conference with so many bcash experts!