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PayPal’s Founder Decides To Build World’s First Floating Nation To Save The Humanity From Politicians


The founder of PayPal, Peter Theil, leads a project to build the world’s first floating nation in the Pacific Ocean off the island of Tahiti in 2020. 

Would you want to live in an independent country which floats on international waters? If you do, you could have a real possibility in 2020!

Peter Theil, the founder of PayPal, conducts a project to construct a floating nation that can function within its own laws. This would be the first floating nation in the world, and it will be placed in the Pacific Ocean off the island of Tahiti.

The project is being carried out by the Seasteading Institute, which is a nonprofit institute with a various team of aquaculture farmers, global marine biologists, investors, nautical engineers, and so on.

This island is being financed by a coin offering. These coin offerings are a relatively new way of crowdfunding because, with them, online projects and startups can raise money without having to sell stock or something else of the sort.

This organization plans on raising about $60 million by 2020 to build a dozen buildings. There will be 11 five-sided rectangular platforms which can hopefully support 3 stories buildings for up to 100 years. The first city is expected to be built on these platforms which can be further rearranged to meet its inhabitants’ needs.

The president of the Seasteading Institute, Joe Quirk, wrote this vision of his in a book called “Seasteading: How Floating Nations Will Restore The Environment, Enrich The Poor, Cure The Sick and Liberate Humanity From Politicians.”

He says that he hopes there will be thousands of ‘floating nations’ by 2050. These nations would be inhabited by people who want to live independently, following their own rules without politicians or bosses meddling in their lives.

Isn’t this marvelous?

The project is focused on creating a location where people can try out a different societal approach, one that has never been tried before.

I don’t think it will be that dramatically radical in the first renditions. We were looking for sheltered waters, we don’t want to be out in the open ocean – it’s technologically possible but economically outrageous to afford,” said Randolph Hencken, the executive director of the Institute.

Moreover, he added that if they can be behind a reef break, they could design floating platforms which would be sufficient for those waters and at an affordable price. So, they wouldn’t have to start from zero because they already have their pilot project.

Finally, he said that they also have stable institutions, so they are able to work with a government that respects them and that they have respect for.

What do you think about their plan? Would you be interested to live in a floating nation?