Wednesday, September 25, 2013

Seasteading Institute raises $54K via Indiegogo & Thiel Foundation

Soon You May Be Able to Live on Crazy Libertarian Billionaire Island - Nitasha Tiku, Gawker:

September 23, 2013 - "On Friday, the Seasteading Institute — a non-profit group cofounded by Peter Thiel and Patri Friedman (grandson to Ronald Reagan advisor Milton Friedman) — successfully closed its Indiegogo campaign to design “the world’s first floating city” for “pioneers who wish to demonstrate new ways of living together.

"The campaign exceeded its $20,000 goal, raising $27,082 in tax deductible funds from 291 donors: a sum that will be matched, dollar-for-dollar, by the Thiel Foundation....

"Back in 2008, Friedman himself estimated that it could cost hundreds of millions to build a seastead for just a few thousand people. Now, seven years later, the proceeds from amateur investors who backed this crowdfunded campaign are going towards a white paper exploring 'feasibility' of the idea — with any leftovers allocated toward 'diplomacy' with countries that might 'consider hosting a seastead within their territorial waters, while still granting the city substantial autonomy.'

'via Blog this'

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