Topic: Best place to build the Bitcoin island in the international waters - page 4. (Read 16647 times)

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

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

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

bryant.coleman seems pretty serious about it

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

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

any updates on the project?

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. 

+1.

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

No country recognizes the Saya de Malha as a part of the Mauritius. Also, Mauritius itself has almost rescinded their claim there. So we can safely say that 100% of Saya de Malha is located within the international waters.

Not all of it I think, correct me if I'm wrong but isn't like 180 miles away from some Maurice island (part of it of course as the thing is huge), and some part is considered as a free trade zone by some country I've seen these informations somewhere, also according to the first map you've posted the Saya de Malha is included in the light blue zone or at least a big portion of it isn't, I'll post them later once I'll find the sources

Saya de Malha is located in the International waters, i.e 200 nautical miles away from any other administrated land.

I'm pretty sure it says, bitcoin island in international waters no mention of the type of the island if you did specify such a thing no one would have proposed from the beginning -.-(remember it's a theoretical discussion no more no less )..... and it is as impossible to build a 10sq km island as it is with building an fixed island in international waters in fact is is technically more challenging to build a non floating island in the open seas conditions

also according to the the United Nations Convention on the Law of the Sea the island needs to be a minimum of 200 nautical miles away from any other administrated land if you want to create your own island which makes everything complex including the zone you've mentioned

No. This thread is dedicated for a permanent island, not a floating island. You are welcome to start another thread if you are interested in the project. As far as I know, it is impossible to create a continuous floating structure stretching for 10 sq.kms.

I think a floating bitcoin island is our best option. We can place it on international waters and we don't have to think about deepness. I think the price would be also be alot cheaper and we can built it right away. I think floating bitcoin island is closer to reality than a permanent bitcoin island.

It is quite the opposite, the more massive the area is on water the more stable it is, also stabilizer are a technology that is not expensive and we've already mastered (look no further than aircraft carriers for example)
On what base did you do such interpolation ? it doesn't make much since at all, we aren't even talking about the same area materials and workforce is at least 10x as expensive


Please tell me what would make 30m any different than 50m or 100m deep as I mentioned before (compared to Km of deepness) like I said before you are just choosing what shallow is and it isn't as I mentioned before. but that's not the issue, 30m is still too deep for anyone to work with the ground not to mention it is in the middle of the ocean so you have to bring everything to the area and that's not the main issue, the main issue here is the biodiversity of the area and no one will let you miss with it, pressure will come from every side. for me a floating Island is the best option right now.

Right Bitcoin cannot afford anything more than dozens of millions of $ or at most a couple of hundreds on such a project considering the current market cap, so it's not happening anytime soon, on the other hand if it reachs 10k $ per btc (which is unlikely but not impossible) it will become a real possibility

War and conquer is not an option.
Buying an island might work, but you cannot just declare independence from the larger country that has power over the island.

Still studying the legal ramifications. And regarding the affordability part, I think at $1,000 per sq.m, it is more or less affordable to most of the Bitcoiners. Or it will be affordable when Bitcoin hits $100,000. We are not starting right away. The plan is to start building in 2018, once we could gather the necessary funds and other things which are needed.

Any update on this project? We should make this project as affordable as possible. So we can start right away. We should start making a small island first and just increase it overtime.

No. If we are building in Saya de Malha, we might need around $ 10 billion.


The oil platforms have only a few hundred meters in surface area. So they are stable. The more bigger the area, the more unstable they becomes.


I just interpolated the costs, based on the estimated costs incurred for building the major artificial island projects around the world (such as the palm islands).


Check my previous posts. Saya de Malha is quite shallow, with 20-30m depth.

That will be the most expensive part of the project. So we need somewhere between 250 - 500$ billion total?