Topic: Bitcoin Island (Read 10574 times)

So I think 40,000 BTC is a reasonable goal.

Region: Nicaragua, Central America
Price: US $575,000 

Of course not, you also get the honor of buying him an island.

Wait, you're saying contributors get nothing unless they donate 50+ bitcoins and then they get an invitation to a party?

Contributors of 50 BTC or more will receive VIP invitations to an inaugural beach bash held on the island.  This will be a 3-5 day event combining partying and relaxation while sleeping under the stars and enjoying the warm weather and ocean breezes.

FAQ Update


Fees have been lowered to 0.3%.
On a 5 BTC ($25) contribution, the fee would be 0.015 BTC (8 cents).
On the total 40,000 BTC goal, the fee would be 120 BTC ($600).


My identity is not hidden.


If we can't manage to crowdfund a 5 acre island, we probably can't crowdfund anything larger.


This island is definitely not a glorified sandbar, as you can tell by the picture.


$20 / m^2 is equivalent to $400,000 for 5 acres.
Seasteads have to be rebuilt periodically as well.  Islands don't.


The world's largest ship has a footprint of 5.8 acres and cost $1.2 billion to build, the equivalent of 25 times the entire Bitcoin economy.

the fee seems huge for so little work...

verify the identities of those in charge

Five acres is very small.

considering that we're talking about glorified sandbars

floating island...
...once ready I think we can churn out land for about 20$/m^2.

just buy an old ship.

The first sustainable micronation will have to float, and have to have great connectivity.

Realistically, you could almost definitely find crew up to the officer level who'd be willing to live & work for a decent room and board. And yes, you could move away from storms as well as from regional powers who suddenly decided to expand their maritime claims to include your island, as has been done many times before.

The first sustainable micronation will have to float, and have to have great connectivity. The reason it hasn't been done yet boils down to the fact that floating and having great internet access are still mutually exclusive. That is the only reason it hasn't been done. Beyond that, there are questions of what laws, who's in charge, what currency, etc; but with a functional currency independent of national fiat, Bitcoiners are actually uniquely well positioned to create something like this...possibly more so than any other group since the founding city-states of the Hanseatic league opened up the original free trade zone.

The key to making it work would be overcoming the inherent costs in reconciling mobility (floating) with connectivity (tethering), while sacrificing neither freedom of movement nor freedom of communication. That is what any such plan ultimately comes down to. A Bitcoin micronation requires that you not trade away economic or personal liberties in exchange for the other. No nation on earth presently accommodates both types of liberties, and if the "Chinese Model" is any indication, things will only go downhill from here. So - yeah - a ship is a good place to start. Nicaraguan island, not so much.