Best place to build the Bitcoin island in the international waters

[Malin Keshar]

Quantum entanglement based computing will solve the problem of internet delay, and we are close to invent the teleport, so the trading problem will be over soon. Money won't be a problem when BTC reaches 1billion each. The space ops will be like the internet or mobile phoes, in few decades we will be far ahead than we might imagine now, we just need to believe.

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[blacksails]

Quantum entanglement based computing will solve the problem of internet delay, and we are close to invent the teleport, so the trading problem will be over soon. Money won't be a problem when BTC reaches 1billion each. The space ops will be like the internet or mobile phoes, in few decades we will be far ahead than we might imagine now, we just need to believe.

Yeah, right, I don't know about that, but anyway we don't have those things right now. And when we've got those things we can start discussing a colonization of Mars. We got to focus on what we can create with the technology we've got right now, not with technology that we might have in the future.
Also, unless the dollar rate drops extremely much, I really doubt we'll get to see 1 billion dollars per BTC.

[Kiki112]

before making any real decisions we should know how shallow the waters are there, how deep it is

Saya de Malha Bank consists of a series of narrow shoals, with depths from 17 to 29 m (56 to 95 ft) on the rim. They are arranged in a semicircular manner, around a space, the former lagoon, about 73 m (240 ft) deep, which slopes on the Southeast. Some areas of the bank are shallow, less than 10 m (33 ft) below the surface. The shallowest sites known are Poydenot Rock, at a depth of 8 m (26 ft), and an unnamed site 145 km (90 mi) further northwest, with a depth of 7 m (23 ft)

damn, 17m-29m, isn't really shallow as I thought

that would be a hell lot of sand

hmm, sand is really cheaper than I thought, just googled it, apparently it's around 20$ per ton

the question is how much we're going to need

and it's a lot

[CoinDiver]

Sand is cheap, but a ton is much less volume than you'd think. Getting it there is a much greater cost. Dredging it from the near by ocean bottom would be more practical. You'll need a substrate though. Something to hold the sand in place. Large limestone boulders in a huge stack would work... but 30' is a lot of damn rock. once you get close to the surface, cyprus trees could hold the finer particles together.

[bryant.coleman]

hmm, sand is really cheaper than I thought, just googled it, apparently it's around 20$ per ton
the question is how much we're going to need
and it's a lot

Some $10 billion USD in funding will be needed to build an island of 10 sq.km in size. That is $1,000 per square meter. So a typical 400 sq.m plot will cost you $400,000.

[Sithara007]

Some $10 billion USD in funding will be needed to build an island of 10 sq.km in size. That is $1,000 per square meter. So a typical 400 sq.m plot will cost you $400,000.

The land prices are quite high. But considering the fact that there will be no wealth tax or corporate tax, it will pay off in the long term.

[Bicknellski]

Why do you even need an island?
Posted from Bitcointa.lk - #DqL5dLsJM2bQbMhF

[bryant.coleman]

Why do you even need an island?
Posted from Bitcointa.lk - #DqL5dLsJM2bQbMhF

Because all the available land is occupied by some country or the another. We need to create new land (outside the land and marine borders of the existing nations) to be sure of our sovereignty.

[jparsley]

What is this btcisland about

[jparsley]

It would more than 100k btc to buile a country

[semaforo]

  I still think it would be a lot cheaper to buy a corrupt government in Africa and pay their parliament to approve everything, like the current elite do with the US senate.

[bryant.coleman]

It would more than 100k btc to buile a country

That depends on the Bitcoin exchange rates, unfortunately. If BTC reaches $100,000 vs the USD, then we might need around BTC100,000. It won't be much difficult, as Bitcoin exchanges will rush to establish their offices there.

[Kiki112]

hmm, sand is really cheaper than I thought, just googled it, apparently it's around 20$ per ton
the question is how much we're going to need
and it's a lot

Some $10 billion USD in funding will be needed to build an island of 10 sq.km in size. That is $1,000 per square meter. So a typical 400 sq.m plot will cost you $400,000.

if this is true we won't be able to build an island od even 10 sq.km in size

the whole market cap of all bitcoins is in total 5 413 678 734$
aka. 5.4 billion $, so if we had all the bitcoins on the spot we still wouldn't have enough money to build a 10 sq.km island!

are you sure we need so much money for such a small island?

I mean, if this is true and if we even issue shares, it would still be questionable if we could raise enough money..

[bryant.coleman]

the whole market cap of all bitcoins is in total 5 413 678 734$
aka. 5.4 billion $, so if we had all the bitcoins on the spot we still wouldn't have enough money to build a 10 sq.km island!

I am not planning to build this island immediately. I haven't even finished finalizing my plans. May be by 2018 or so, we will be able to start work. Hopefully by then, BTC will be trading at $10,000 - 100,000 range. If it is trading at 100K, then 100K Bitcoins might be needed. At 10K, one million coins will be needed. Not a big amount, considering the number of people who want to live outside governmental oppression.

[Kiki112]

the whole market cap of all bitcoins is in total 5 413 678 734$
aka. 5.4 billion $, so if we had all the bitcoins on the spot we still wouldn't have enough money to build a 10 sq.km island!

I am not planning to build this island immediately. I haven't even finished finalizing my plans. May be by 2018 or so, we will be able to start work. Hopefully by then, BTC will be trading at $10,000 - 100,000 range. If it is trading at 100K, then 100K Bitcoins might be needed. At 10K, one million coins will be needed. Not a big amount, considering the number of people who want to live outside governmental oppression.

we can take alt-coins in account too, they might be able to invest some money too

but the problem is if we raise 1 000 000 bitcoins we'll most probably have to sell them in order to build the island and therefore crash&burn the bitcoin price to it's lowest

we will need to find people who will do it for bitcoins..

[bryant.coleman]

we can take alt-coins in account too, they might be able to invest some money too

I am not sure about that. May be we'll be able to find a compromise.

but the problem is if we raise 1 000 000 bitcoins we'll most probably have to sell them in order to build the island and therefore crash&burn the bitcoin price to it's lowest

Building the island will take a lot of time. So we have plenty of time to sell the coins.

[dank]

And everyone ridiculed dank when he wanted to build an island a couple years ago.

[bryant.coleman]

And everyone ridiculed dank when he wanted to build an island a couple years ago.

May be he was not serious about the idea. Or he had some really unworkable ideas.

[dank]

Or just a step ahead for his time.

[Equate]

what about Bermuda triangle ?