Nailed it...
Posted on 08/25/2016 1:24:59 PM PDT by amorphous
Marinea, a company planning to establish a self-sustaining “Village At Sea’ between Miami and Cuba, plans to use bitcoin as its currency and eventually have its own electronic currency.
Bitcoin, a decentralized currency with no centralized governing authority, naturally fits the Marinea goals of being an independent, self-sustaining society.
Marinea is a utopian concept for a village existing in harmony with nature, where citizens will be able to live their lives as they see fit. Another goal is to address the challenges related to limited available land for food cultivation and human habitation. According to its website, the project has been in the works for a decade.
Marinea’s Objectives
The plan is to create the infrastructure and framework for independence from land and the problems that come with it, while providing affordability and availability of food, water and energy. Another objective is to be replicable so that other villages at sea can develop.
The concept is also referred to as “seastead,” a floating city.
“We strive to make a better standard of living a reality for everyone,” the website stated. “Marinea is hoping to make economical living a reality for everyone.”
Bitcoin’s Role
The website noted that bitcoin has existed long enough and has been accepted by enough people that it will always serve a need.
Furthermore, bitcoin holds value better than dollars and can move electronically. “When we become our own country, we may wish to have our own currency but if we do, it will be something electronic like bitcoin but backed by some other commodity like silver,” the website noted.
The project’s initial funding will come from angel investors, memberships and individual sponsorships. Marinea will provide utilities, communications, Internet and construction services through partnerships and subsidiaries. It will also own a fueling station and a marina for boaters. It will generate revenue from the service it provides instead of taxes.
The location planned for Marinea is known as Sal Bank, an elevated area in the ocean which the Bahamas claims. Marinea plans to share it research with the Bahamas and does not expect any objection from the Bahamas.
A Three-Phase Project
The project has three phases. The immediate goal is to establish a village square in shallow waters. In the short term, a town center and the marina will become operational. The long-term goal is for the full concept to come to fruition.
Marinea will eventually develop its own industries, the initial ones most likely being tourism and real estate.
Eventually, Marinea envisions having fish farming, medical research, and services that are not permitted in authoritarian countries.
Marinea does not have any competitors at present. The project is based on cooperation rather than competition. Marinea looks to partner with many types of companies to establish a synergistic, innovative environment.
Fresh Water?, waste control?, food?, energy source?, medical care?, a foolish proposition that will be destroyed by the first bad weather. A fool and his money is soon parted!
None of those examples are of societies basing their economies on bitcoin though. The basic problem I’m curious about is how does one enforce a judgement? Let’s say I don’t agree with a ruling against me and I’m just not going to pay. What can they do? Expel me? Even then I still don’t have to pay.
The use of crypto-currency, as a means of exchange, doesn't prevent a society from enforcing some kind of community based judgement against a member(s).
That’s how come I replied twice.
-Frank Fontaine
Just wait until hurricane season.
Nailed it...
Yep. It's not unusual for storms to track right through the Florida Straits.
No, but it does prevent you from being able to collect money from someone, which is what civil cases are almost always about.
Sounds more like one of those "eco-pod" experimental community structures, only floating (presumably anchored) in the Gulf Stream.
It's not as cool as, say, a Bond film villain's lair:
Give ‘em a couple of hurricanes and it will be a ghost town and a navigation hazard.
I’ve been on a pipeline barge in the Gulf of Mexico being towed in as a hurricane was bearing down. When the waves are so high that you see the tug towing you only every so often and your life depends on a single cable not snapping then you Know Who is really in charge and that we exist by his grace alone. Everybody should do it at least once.
Pro-abortion people set up hospital ships that could do abortions.
Imagine something far more life-affirming set up just off shore when Obamacare starts denying types of care per cost saving measures and those on Medicare aren’t allowed to get the care in the US outside of the Medicare network.
There are areas not far from the equator (Pacific) suitable for long term parking of a sea-stead; but, not in the middle of hurricane alley for the Atlantic.
Likely being sold for aging lefties who are consumed with trying to live forever though medicines etc. On this “island” any kind of unethical research with embryos, cloning, animal human hybrids etc. will likely be allowed. The Bahamas need to look into this and see if they are really onboard with it.
It would be nice, though, for there to be somewhere where informed people could be involved in experimental drugs if that is their only human hope for living longer. Now people die while they drugs may exist that can help them, if they weren’t still prohibited by the FDA.
Drugs, child prostitution, pornography ...
Very possibly. The Bahamas are known among Christians to be a very Christianized island. I hope that they aren't fooled into supporting anything that they wouldn't want to support.
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