Best place to build the Bitcoin island in the international waters

[bryant.coleman]

+1.

We don't want any floating ones. We want a permanent artificial island.

That was the original plan, and we are proceeding with it. Legality of the project seems to be in the Grey Zone, as far as I am concerned. The UN will ignore it, as long as the project is small. So a 10 sq.km island is going to be OK in Saya de Malha. But we will not get any Exclusive Economic Zone (EEZ), as the island is a man-built one. 

[1714658850]

1714658850

[ShibaWow]

any updates on the project?

[Dogtanian]

any updates on the project?

I'm not sure if it's an actual project people are working on.

[ShibaWow]

any updates on the project?

I'm not sure if it's an actual project people are working on.

bryant.coleman seems pretty serious about it

I'v been following the thread since it started..

[Lauda]

any updates on the project?

I'm not sure if it's an actual project people are working on.

A project could rise out of this, if the people are serious enough.

[Equate]

any updates on the project?

I'm not sure if it's an actual project people are working on.

A project could rise out of this, if the people are serious enough.

Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .

[Lauda]

Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .

The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.

[Equate]

Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .

The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.

But if bitcoin price drops to under 10 , do you think people will still be interested in such thing .

[kuroman]

Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .

The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.

well it has some kind of importance, since the market cap will be big enough for such a project, and I agree, on the scale we are talking it is at least a couple of dozen billions of $ and even more since we are talking about international waters (relatively long distance and deepness which makes thing really complicated)

[Lauda]

Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .

The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.

But if bitcoin price drops to under 10 , do you think people will still be interested in such thing .

You do realize that that won't happen right? There is no reason for it to devalue anymore, we have almost reached the bottom. I don't worry about the price at all.

[Equate]

Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .

The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.

But if bitcoin price drops to under 10 , do you think people will still be interested in such thing .

You do realize that that won't happen right? There is no reason for it to devalue anymore, we have almost reached the bottom. I don't worry about the price at all.

I am not saying it will happen but argument is about if it happens , even then could  this project generate such a public  interest ?

[bryant.coleman]

The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.

The price of Bitcoin is really important. Because we will be depending on the Bitcoins for most of the funding. Anyway... there is plenty of time. The project is expected to start by 2018... that is four years from now. By that time BTC will be in five digits (hopefully). 

[Lauda]

The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.

The price of Bitcoin is really important. Because we will be depending on the Bitcoins for most of the funding. Anyway... there is plenty of time. The project is expected to start by 2018... that is four years from now. By that time BTC will be in five digits (hopefully). 

Why in 2018?

[zeetubes]

The sensible solution wouldn't be to buy a separate island. Just find somewhere nice but that has fallen on hard times. look for a ghost city in a nice location, where the developers went bust but had already installed most of the buildings, all the services and fiber etc. And make an offer. There are hundreds of places like that in the world -- just take a look at miami. The chinese government would probably be very interested in unloading one of their ghost cities. I would recommend against choosing Detroit,

[kuroman]

The sensible solution wouldn't be to buy a separate island. Just find somewhere nice but that has fallen on hard times. look for a ghost city in a nice location, where the developers went bust but had already installed most of the buildings, all the services and fiber etc. And make an offer. There are hundreds of places like that in the world -- just take a look at miami. The chinese government would probably be very interested in unloading one of their ghost cities. I would recommend against choosing Detroit,

I think the whole point, to build an island in international water is to have political interdependency, doing the above, does not provide such a thing and you are bound to follow the rules of the country you are in

[bryant.coleman]

Why in 2018?

Need time to finalize the plans, to gather publicity, to sell shares.etc. Anyway, with current prices of Bitcoin, we are not going anywhere. We will be able to gather the funds only if BTC crosses 10K or so....

[Sithara007]

Why in 2018?

Need time to finalize the plans, to gather publicity, to sell shares.etc. Anyway, with current prices of Bitcoin, we are not going anywhere. We will be able to gather the funds only if BTC crosses 10K or so....

Is the location finalized?

[Bit_Happy]

At least you have a long-term plan.
Many people don't bother to look ahead.

[Vod]

Need time to finalize the plans, to gather publicity, to sell shares.etc. Anyway, with current prices of Bitcoin, we are not going anywhere. We will be able to gather the funds only if BTC crosses 10K or so....

I thought you were tying prices to the dollar - as in $1,000 per square meter?  That is doable today, and is not tied to the price of bitcoin.  I'd buy.

If you wait for the price of bitcoin to climb to $10k, you are waiting on a dream that will never become reality.  By then people will have spent the money on their own real estate.

[zeetubes]

The sensible solution wouldn't be to buy a separate island. Just find somewhere nice but that has fallen on hard times. look for a ghost city in a nice location, where the developers went bust but had already installed most of the buildings, all the services and fiber etc. And make an offer. There are hundreds of places like that in the world -- just take a look at miami. The chinese government would probably be very interested in unloading one of their ghost cities. I would recommend against choosing Detroit,

I think the whole point, to build an island in international water is to have political interdependency, doing the above, does not provide such a thing and you are bound to follow the rules of the country you are in

Back before Hong Kong reverted to Chinese rule, there was discussion with the Australian government about leasing/selling a piece of the northern territory to become the new HK. If I remember correctly, Singapore only became an independent state in 1965 (they did pretty well since then). After the 2nd world war it was part of Malaysia. If you have cash, anything is negotiable.