[2018-05-19] Crypto Floating Island Project Closer to Realization

Betwrong

legendary

Activity: 3374

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I stand with Ukraine.

Quote from: Kakmakr on May 23, 2018, 01:42:41 AM

I still struggle with the concept that a island floating in a lagoon would qualify as a independent country? Territorial waters or a territorial sea, as defined by the 2013 United Nations Convention on the Law of the Sea, is a belt of coastal waters extending at most 12 nautical miles (22.2 km; 13.8 mi) from the baseline (usually the mean low-water mark) of a coastal state. So, if this floating islands are within this range, would they not still be within the territory of that country?

Floating islands are in a way, still a ship. Once a ship is 24 miles from any coastline, it's on the high seas (or international waters). With the exception of certain rights within the contiguous zone, the law of that ship is the law of the country whose flag it's flying. Right? Huh

That's right, and as far as I understand they are planning to stay within the French Polynesia areas during several first years at least, which means that the laws of the French Republic will be applying to them. I personally don't believe they can make it to an independent state, but I wish them all the best with their aim because the world is funnier place to be when there are more different countries.

Kakmakr

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Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

I still struggle with the concept that a island floating in a lagoon would qualify as a independent country? Territorial waters or a territorial sea, as defined by the 2013 United Nations Convention on the Law of the Sea, is a belt of coastal waters extending at most 12 nautical miles (22.2 km; 13.8 mi) from the baseline (usually the mean low-water mark) of a coastal state. So, if this floating islands are within this range, would they not still be within the territory of that country?

Floating islands are in a way, still a ship. Once a ship is 24 miles from any coastline, it's on the high seas (or international waters). With the exception of certain rights within the contiguous zone, the law of that ship is the law of the country whose flag it's flying. Right? Huh

limek

member

Activity: 364

Merit: 10

Quote from: Betwrong on May 21, 2018, 03:27:35 AM

Quote from: davis196 on May 20, 2018, 06:59:55 AM

Quote from: Betwrong on May 20, 2018, 04:39:18 AM

At first I thought that this is a new ICO project which attracts quite a lot of interest among the general public(126,615 followers on Facebook).

But then I checked Twitter - 1,219 followers. Not that much, right?

Then Reddit - 149 subscribers. Even less than not much.

So, now I'm not so sure about whether it will be a successful one. I personally don't believe in a possibility of floating libertarian state to survive for a long time. Whether we like it or not, there are still pirates in the seas and an island state will not be able to protect itself from an assault of good equipped and trained attackers.

I agree with the Wall Street Journal which called it "The Floating Utopias of the Future". It can be a good health resort, but not a state, imo.

Perhaps that ICO marketing and promotion is focused mostly on Facebook.Anyway,creating a "floating island" is very ambitious task and requires an insane amount of money to be invested.ICOs aren`t that popular,,too many people were scammed and the governments will put more and more regulations.I`m sure that this ICO won`t reach it`s hard cap.

I agree. The more videos promoting this project I watch the more it looks like a pie in the sky to me. They show nice pictures of buildings on water but they are computer generated images. They say, by 2020 we'll have this, by 2030 we'll have that, and by 2050 we'll have a perfect libertarian state with sustainable economy, but they don't say anything on how much it will take to build all of that, and it would take billions of USD for sure.

I think the initial part is time consuming. The existing technologies is sufficient to build this. We can see the life on the
1. gigantic Cruise ship
2. Oil and gas Offshore services
3. Exploration and etc.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: davis196 on May 20, 2018, 06:59:55 AM

Quote from: Betwrong on May 20, 2018, 04:39:18 AM

At first I thought that this is a new ICO project which attracts quite a lot of interest among the general public(126,615 followers on Facebook).

But then I checked Twitter - 1,219 followers. Not that much, right?

Then Reddit - 149 subscribers. Even less than not much.

So, now I'm not so sure about whether it will be a successful one. I personally don't believe in a possibility of floating libertarian state to survive for a long time. Whether we like it or not, there are still pirates in the seas and an island state will not be able to protect itself from an assault of good equipped and trained attackers.

I agree with the Wall Street Journal which called it "The Floating Utopias of the Future". It can be a good health resort, but not a state, imo.

Perhaps that ICO marketing and promotion is focused mostly on Facebook.Anyway,creating a "floating island" is very ambitious task and requires an insane amount of money to be invested.ICOs aren`t that popular,,too many people were scammed and the governments will put more and more regulations.I`m sure that this ICO won`t reach it`s hard cap.

I agree. The more videos promoting this project I watch the more it looks like a pie in the sky to me. They show nice pictures of buildings on water but they are computer generated images. They say, by 2020 we'll have this, by 2030 we'll have that, and by 2050 we'll have a perfect libertarian state with sustainable economy, but they don't say anything on how much it will take to build all of that, and it would take billions of USD for sure.

davis196

hero member

Activity: 3164

Merit: 937

Quote from: Betwrong on May 20, 2018, 04:39:18 AM

At first I thought that this is a new ICO project which attracts quite a lot of interest among the general public(126,615 followers on Facebook).

But then I checked Twitter - 1,219 followers. Not that much, right?

Then Reddit - 149 subscribers. Even less than not much.

So, now I'm not so sure about whether it will be a successful one. I personally don't believe in a possibility of floating libertarian state to survive for a long time. Whether we like it or not, there are still pirates in the seas and an island state will not be able to protect itself from an assault of good equipped and trained attackers.

I agree with the Wall Street Journal which called it "The Floating Utopias of the Future". It can be a good health resort, but not a state, imo.

Perhaps that ICO marketing and promotion is focused mostly on Facebook.Anyway,creating a "floating island" is very ambitious task and requires an insane amount of money to be invested.ICOs aren`t that popular,,too many people were scammed and the governments will put more and more regulations.I`m sure that this ICO won`t reach it`s hard cap.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

At first I thought that this is a new ICO project which attracts quite a lot of interest among the general public(126,615 followers on Facebook).

But then I checked Twitter - 1,219 followers. Not that much, right?

Then Reddit - 149 subscribers. Even less than not much.

So, now I'm not so sure about whether it will be a successful one. I personally don't believe in a possibility of floating libertarian state to survive for a long time. Whether we like it or not, there are still pirates in the seas and an island state will not be able to protect itself from an assault of good equipped and trained attackers.

I agree with the Wall Street Journal which called it "The Floating Utopias of the Future". It can be a good health resort, but not a state, imo.

limek

member

Activity: 364

Merit: 10

Blue Frontiers has signed a much-publicized memorandum of understanding with French Polynesia. The Floating Island Project is exactly as it reads, only it’s to be an independent government complete with its own cryptocurrency. An idea long thought to be a crazy dream of libertarians is now incredibly close to realization.

Crypto Floating Island Project Nearer to a Reality

“A core structural feature of current models of government is centralization,” begins the pitch for an initial coin offering (ICO) pre-sale of Varyon from Blue Frontiers. “Too much centralized authority leads to inefficient bureaucracies and representatives disconnected from the people they are meant to serve. Given a suitable technological solution, governments are ripe for decentralization. That technological solution is seasteading.”

The book Seasteading: How Floating Nations Will Restore the Environment, Enrich the Poor, Cure the Sick, and Liberate Humanity from Politicians (Free Press, 2017) caused an immediate media sensation. Written by Joe Quirk and Patri Friedman, it’s the nonfiction account of what seems at the outset to be a sci-fi idea. Dutifully, legacy outlets treated it that way, at times dismissing seasteading as impractical, the stuff of fantasy.

Read more: https://news.bitcoin.com/crypto-floating-island-project-closer-to-realization/

Topic: [2018-05-19] Crypto Floating Island Project Closer to Realization (Read 145 times)