Jump to Main ContentJump to Primary Navigation
Top

PayPal Founder to Build Floating Country

IslandHero1.jpg
IslandHero2.jpg
IslandHero3.jpg
IslandHero4.jpg
IslandHero5.jpg

Japan headed the craze for land reclamation; artifically expanding their country by creating new land in their waters, but PayPal founder Peter Thiel wants to go one better, and build a new country in the sea.

Before you all laugh, Thiel also was the man that invested in a company called Facebook when it was only 1m users strong, so he knows a business opportunity when he sees one, and he's convinced that floating islands are the future.

Thiel has invested $1.25m into research by the Seasteading Institute to build a series of floating structures, initially off the coast of San Francisco, each weighing 12,000 tons, running on diesel and capable of housing around 270 people; a 3D visualisation can be seen above.

He wants to create a new "open space for experimenting with new societies" and their location in international waters will enable this; they'll be exempt from any existing jurisdictions covering building codes, planning, welfare requirements, weapons restrictions and, crucially, taxes.

Cynical observers might say that the latter fact is the true motivation for the, literally, outlandish, plan, although it's also perfectly possible he simply wants to build a huge nuclear arsenal and obliterate the US. Time will tell.

Images: András Gyõrfi/Seasteading/Rex Features

Related

Hotel resized.jpg

Norway's city on wheels

Bali2.gif

Island Dreams

tip1-resized.jpg

Tropical Island Yacht

Comments

More

Why planet earth needs Tom Hanks

And they say don’t meet your heroes by Joe Ellison

27 Sep 2016

School replaces detention with meditation

Is this the way UK schools should combat errant kids?

27 Sep 2016

This is the only way to get a free flight upgrade

Sorry, but those "Follow these simple airline tricks" pieces are bollocks

27 Sep 2016

5 times Donald Trump's own words came back to haunt him

Want to make Donald Trump look like an idiot? Just let him do the talking by David Cornish

27 Sep 2016

11 of Clinton's most cutting Trump put downs from the election debate

"A man who can be provoked by a tweet should not have his fingers anywhere near the nuclear codes."

27 Sep 2016

Steven Avery is engaged to a woman he's only met once

If you're unlucky in love there's still hope for you by Paddy Maddison

26 Sep 2016

This Canadian town will give you a job and land for just moving there

Always wanted to move to Canada? Now's your chance... by Paddy Maddison

26 Sep 2016

John Oliver explains why 'Dangerous' Trump is much worse than Hillary

"The 2016 presidential race is teeming with raisins. Sorry…scandals."

26 Sep 2016

Why are so many people terrified of clowns? Psychology has an answer

Why are the USA's continued clown sightings freaking us out so much? by Paddy Maddison

26 Sep 2016

Girl submits assignment while drunk, fails wonderfully

Well at least she tried

23 Sep 2016