Topic: A Floating Crypto Island in the Pacific is being built (Read 229 times)

Wow, it kinda seems like it's purely a concept without any practical thought being put into it. I mean I don't have a background in construction nor do I know much about property development but even I know that calculating the basics like the size of housing units would be critical in order to plan properly...

Cool project, I really like the idea. By the way, they have a good bounty program. It does not look like much fantastic, but it's tempting. I would really like to live on such an island - a very beautiful idea. A little scares finding such an island in a dangerous environment, but I think that this project is not for one year and the developers will make the necessary amendments over the years. I do not think that such islands will freely float on the seas. I do not want to criticize and look for project shortcomings, I repeat, the project is attractive and I want to believe that the team will succeed.

flaws in their plan
*their original fundraiser was to get millions of people to invest just a little bit of money to start their 'planning stage' which was to waste $10m-$20m on a boat that can only bed 30 people so that they have a base of operations to 'plan'.
this was a money waste because they could lease an office somewhere for only a couple hundred thousand for a few years. or ven just have group chat on skype from their homes and start it as a 'garage startup' which is virtually free

*they spent thousands of dollars on graphic designers (not architects) to draw up their utopian dream in colour. problem is they could not even talk about how big a bedroom or bathroom would be. and thus. if you cant calculated the dimensions of a housing unit, you cant calculate the "island" size. and thus you cant calculate how many people could live on the "island" .. so you cant calculate the cost per square foot per person to live there. you cant calculate the amount of supplies needed to feed and clothe the residents. you cant calculate how often re-supply ships will be needed and cant calculate how big/often the disposable of waste would be, or the ecological impact of the island on the ocean would be.
so the thousands of dollars wasted on pretty images didnt even have any architectual or planning input to its design. and there has been no fundemental planing of the basics of supplies, waste disposable, sustainability(farming food space required/how many ships they need to rent/buy for resupply)

*i would reveal many other flaws, but i dont want them doing a rush job of buzzwording some statement of fake numbers to pretend they have done all this planning to scam people into investing into something that actually is unplanned.
this is because last time they ran this promotion, i reverse psych'd them by throwing out a number and funnily enough they ran with that number and made a statement about my mythical number i came up with. and they buzzworded it and made it look like it had substance. but i ripped them apart when i revealed my number had no substance so them using that exact same number had no substance too.

funny part is i brought up these flaws probably 2 years ago maybe.. and they are still not one step forward than then. its like they just want a grab money scheme befor they even do anything.. which to me translates to they are not bothered about doing anything. apart from covering the costs of their own vacations on a pacific island

This will be very very great and awesome if pulled off. Imagine the thrill visiting such an island to meet elite in the Cryptoworld? I wouldn't want to miss such for anything at all. Cryptocurrency has taken over!

Living out at sea doesn't have to be dangerous, if it's done properly. I would imagine an untethered platform being bashed about in the Atlantic, or in the path of tropical storms would be a no-no, but anchored in a reasonably sheltered sea might not be so bad.

I guess the bigger problem would be the risk from pirates. Unless the islanders are protected by a navy, they could be inviting all sorts of trouble. Bu the problem with asking for protection is that it doesn't come for free.

Hello, an interesting article, thank you. But it reminds me of the fantastic film Waterworld starring Kevin Michael Costner, I think we will soon come to this plot. Although for many years there is a semi-island in the United Arab Emirates that was built in the sea.

P.S. Now all the new ideas are associated with blockchain

This is good one and would like to visit one day. But one unique thing that caught my attention is the term "government" in that despite the fact that its going to be an all crypto denominated island, the importance of government cannot be undermined which no matter how much we hate this institutions the mere reasons what people by default are not expected to behave in a certain way give credence to why we need government. My fear now is, in an island that wants to have government which means that they have to practice democracy in choosing their leaders, they would have executive to enforce law and order, which might then lead to centralization of power. Would that not even defeat the primary purpose of crypto currency?

it's another funny idea just to attract attention. I don't think that there will be many followers for such idea but like some kind of entertainment this island may be popular.

As it seems to me that the mass media out of nothing make a sensation, i can believe that in some country there will be a separate zone for crypto-millionaires, but in the creation of floating islands, I refuse to believe. With this scenario on our planet will begin such a topic as in the film Waterworld  ))

What they do not come up with. Let's see how much this will come true. A lot of things promise to be done or built, but unfortunately so far not much has been done at least from what I know. Or I'm wrong?

is this Malta of Maldives? lol

Hey Franky

Thanks a stack for your input. Great to see that you have been following this project for some time and that you actually did some deep research into their model.

I guess they seem to be getting away with buzzword marketing and selling the "idea" of an Utopian community, I gobbled it all up and became excited about the concept....   -  Not to a point of where I would have invested in the coin or anything but I just like the idea. Sad to hear now that it looks like it's just going to be another money grabbing ICO that isn't really going to bring anything to the table apart from an idea/concept.

Thanks again for taking the time to post your findings regarding this project. -  We have officially been Franked!  

though my research was more about their prospect of actually making the village.
when it comes to the currency. i seen it as a commune/cult coin only used by 300 people daily. whos gonna pay billions needed to make the floating village just for (deducting staff) 100 residents/guests

they have wasted years of planning and researching and spent too much time on mney grabbing promotions

I just don't think that the civilized people on that 300 houses will have a peaceful community, they will sure having a debate on what amount of crypto should be given to them and for that consequence I would not even volunteer myself, I'm sure I will have my own crypto but using it on secluded community having its own government was far beyond my expectation.

i have been following the seastead concept for years. and they are no where near building anything. they are just invstment grabbing to promote a concept which when doing all the research still has many flaws that need to be filled before a single sheet of material is purchased.
alot of the funding has been and will be wasted on their so called "planning phase". (they are still in the same scripted promotion of being not yet at the planning phase because they need funding, a couple years ago)

a few years back i was optmistic until i drilled down into their paper work and action plans and seen the emptiness of the concept. yes they used buzzwords and hopes of utopia and lots of graphic images of paradise. but the reality of a crypto village just did not get well thought out.

they want billions, for something few people can use. even just that. demanding more than $5million per possible "resident" is not a good request.
nor is the fact that to run such a island requires employee's who would take up some of that space. thus thus dilute the amount of "residents" that could/would afford their asks.

i could go on about their lack of research and plan for utilities as that has a impact not just on the lifestyle expected on a island but also the ecology of the area/water they promote to want to stead in. i wont say to much as they will just make some buzzworded reply that its all handled. ill just wait for them to get some hints and do the research and planning and provide solutions to show they are ready. which hey are not. even after a few years of me looking into their concepts

Wow, thanks for finding the site!

Perhaps they would have some sort of mining operation set up as well. I mean they could harness kinetic energy from the ocean's waves as well as energy using wind turbines.

Absolutely, I totally agree. I think bold projects like these are needed, to show people how much potential blockchain technology has to change the world as we know it.

Anything is possible using the Blockchain technology to increase the economic growth but they really have a unique idea, anyway I manage to find their website and you can look more about the project here https://www.blue-frontiers.com/en/varyon

Do you think they will also build a location for mining on that area? hopefully they succeed and it will be the first island that really accepts cryptocurrency.

I think there's an idea like this before that was posted here in forum but I can't recall it. This aims the crypto people who are living under the government that is strict with it.
This what came to my mind, the calmness of the sea is unpredictable. But I think they are considering the phenomena and they have a disaster risk plan.

Woah! That's amusing to know. Whilst this particular development will not directly affect speculative cryptocurrency investments, it surely demonstrates the use-cases and potentially transformational change that cryptocurrencies can bring.