Hi fellow Steemians!
Startups BlueFrontiers and Seasteading are said to be creating man-made islands that will support 300 homes and have their own forms of government and currency.
The islands are being created in the Polynesian area to evade strict government regulations surrounding cryptocurrencies.
They've also launched an ICO, Varyon (VAR) to raise capital and apparently will only accept VAR for products and services on the islands.
It's an interesting idea but one that will definitely be controversial. Maybe cryptocurrency is just an excuse for these companies to create their own kingdom...
This reminds me of New Zealanders who created an island to avoid a ban on drinking in public places on New Year's Eve. By law, you can't drink in public places in NZ and these guys had built an 'artificial island' on international waters to avoid the law. Amazing right?
Anyway, it'll be very interesting to see what obstacle these two startups face when they start building the islands.
Source: CCN