Tag Archives: blueseed

Blueseed and Bitcoin converge on peer-to-peer sovereignty and currency

by Steve Blum • , ,

Free-floating money gets a ride on a free and floating colony.

Two hardcore libertarian projects have joined forces in what might be the start of a new economy that’s outside the normal reach of national governments. Or it could just be the sharp poke in the eye that provokes a potentially fatal response from authorities.

BitAngels, a startup fund fueled by Bitcoins, is putting the equivalent of $100,000 into Blueseed, which proposes to moor a cruise ship twelve miles off the Northern California coast, just outside of U.S. territorial waters. It would be the first step in creating a floating incubator and home for companies and people that want to be within a ferry ride of Silicon Valley but can’t (or won’t) get work visas from the U.S. government. They would do their jobs in international waters, and come ashore as needed using easier-to-obtain business and tourist visas.

According to the CoinDesk blog…

“The Bitcoin community is clearly the most aligned with Blueseed’s mindset (do-it-yourself currency/DIY jurisdiction),” said Dan Dascalescu, CIO and CTO for the seafaring company. “The link between Bitcoin and Blueseed is that they are both practical, radical solutions to problems to governance, achieved in an entrepreneurial way.”

Bitcoin has already started attracting unwanted and unhelpful attention from financial authorities, who seem to consider it just another form of money laundering. It’s “an open source P2P digital currency” that allows people to carry out transactions with complete anonymity and without touching the international banking system.

Establishing a peer-to-peer Bitcoin node or currency exchange at the Blueseed seastead would not put it completely beyond national regulational or law enforcement. Blueseed plans to begin operations using the MS Island Escape, which currently flies a Bahamian flag. And the U.S. government is not in the least bit shy about flexing its muscles where ever it thinks a U.S. law has been broken. But if they can pull it off, it would be a big step away from national authority and towards a new form of personal sovereignty.

The weather is here

by Steve Blum • , , , , ,

A stormy morning on Monterey Bay got me thinking about Blueseed, a plan to anchor a high-tech haven twelve nautical miles off the San Mateo County coast, in international waters.

It looks like a floating city in conceptual images, but if it actually puts to sea version 1.0 would have to be a converted cruise ship. If it takes off, then maybe enough capital will be there for custom ship building. For now, they’re working with a six-figure seed fund.

Days like today would be the most serious natural challenge to the project. Half Moon Bay, the nearest landfall, is home to Mavericks, “a winter destination for some of the world’s best big wave surfers.” Maneuvering capability would be essential, unless Blueseed accumulates enough experience and baseline data to figure out how to keep something stationary in a far from benign environment.

A ferry connection is planned, weather permitting. A rough ride at times, but probably as predictable as any other commute along the U.S. 101/I-280 corridor. Not particularly, in other words.

Internet access would be a challenge, for the same reason. A microwave link from shore would have to shoot through 12 miles of muck occasionally. That’s a lot of signal attenuation. A submarine cable might be the ultimate solution, if a regulatory nightmare can be avoided.

The stated purpose is to provide a location within day trip distance of Silicon Valley that doesn’t require foreign nationals to get a work visa. On board, the laws of whatever flag of convenience it flies will apply – the Bahamas and Marshall Islands are given as examples.

It’s crazy enough to work.