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Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

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11–20 of 57 posts

Re: Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

#11
post #6

Wouldn't "countries" like this be super vulnerable to attack? A few well-placed charges and it's like the place never existed.

They will probably fly a flag of convenience. No state actor (well, maybe North Korea) will attack what is basically a cruise ship. Pirates might be a problem.

But then they will be subject to the flag's laws, which seems to be something they don't want. Breaking off, once they've flown a flag would be difficult.

Re: Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

#13

Wouldn't "countries" like this be super vulnerable to attack? A few well-placed charges and it's like the place never existed.

I love the "libertarian" basis for it as well - loose building codes, few weapons restrictions - just what you need in an experimental floating structure thousands of miles from help!

I thought that was an odd thing for the article to focus on, too. When I think of something like this being libertarian, a far different picture emerges, like being free from the nanny-state and its attempts to infiltrate my life.

Re: Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

#15
post #5

Better invest in lots of defences... If you're an independent micro-country, nobody's going to rush to defend you from pirates.

The risk-reward isn't there for pirates. Seasteads will likely be well-armed, populated, far from Somalia and other pirate operating areas, and lack the large material payload of a cargo ship or oil-tanker.

I'd guess that a lot of rich people will inhabit them, at least at first. Ransom can be pricy.

Re: Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

#16

Earlier quoted context omitted.

The risk-reward isn't there for pirates. Seasteads will likely be well-armed, populated, far from Somalia and other pirate operating areas, and lack the large material payload of a cargo ship or oil-tanker.

I'd guess that a lot of rich people will inhabit them, at least at first. Ransom can be pricy.

Valid point, but if I am rich enough to be living on an isolated island micro-country, and will fetch a healthy enough ransom for pirates to snatch me, I am also investing a fair amount of resources into my own defense. Think small arms, ample security systems, security guards, etc.

Re: Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

#17

Earlier quoted context omitted.

I love the "libertarian" basis for it as well - loose building codes, few weapons restrictions - just what you need in an experimental floating structure thousands of miles from help!

I thought that was an odd thing for the article to focus on, too. When I think of something like this being libertarian, a far different picture emerges, like being free from the nanny-state and its attempts to infiltrate my life.

I guess I prefer to think of a state as being like a piece of software. It starts out as kind of a kludge, doesn't do much, and what it does is like a blunt instrument (capital punishment, debtor's prisons and so on).

Like a piece of software, over hundreds of iterations and modifications, assuming the developers are good, a state can become pretty good - powerful enough to give its users what they want, but not monolithic and overburdened with features.

Features we need: environmental regulations, food safety, building codes, healthcare.

Of course, you can tell you've got feature-creep when your state starts building stealth bombers.

The trouble with these "micro-states" is they're starting from scratch. For the first hundred years or so, you'll be able to buy toys that can kill your kids, you'll have buildings that randomly explode, and a broken/nonexistent healthcare system.

Fortunately for the sane, we don't need to risk our families' lives and wellbeing in an unproven, buggy state. Mature, well-tested states are available!

Re: Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

#18
Funny how these guys can only afford these things from their profits in "nanny states."

Basically this guy is keeping it close to San Francisco so that he can earn him money here and suck it over to his amusement park.

If he really believed in "libertarianism" he would just do it without the money and see how he can prosper then. But alas, the super rich are not like everyone else.

Re: Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

#19
Floating countries for rich people. Products: Gambling licenses. Dual citizenships. Offshore banking (tax havens.) What am I missing?

Edit: Of course, nobody would actually be living in these places other than system admins. All the available space would be stuffed with servers to run the above services.

Re: Paypal Founder Peter Thiel Invests to Create Floating Micro-Countries

#20

Wouldn't "countries" like this be super vulnerable to attack? A few well-placed charges and it's like the place never existed.

One guy with a machine gun could conquer this country in 10 minutes. And if it's truly sovereign then it would be completely legal.
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