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The Royal Thai Navy task force had planned on Saturday to seize the structure and tow it back to shore for use as evidence, but by the afternoon it was still studying how to move it without destroying it, the navy said. In a video posted last month detailing the raising of the floating home, Elwartowski said 20 more similar houses would be up for sale to form a community. Elwartowski and Ocean Builders say the spar was in international waters and beyond Thailand's jurisdiction.
Thai authorities say the structure is in its mile exclusive economic zone and therefore a violation of its sovereignty. The navy said they have evidence that the floating home was built in a private boatyard in Phuket and said the couple wanted to establish a "permanent settlement at sea beyond the sovereignty of nations by using a legal loophole".
It said the action "reveals the intention of disobeying the laws of Thailand as a littoral state and could lead to a creation of a new state within Thailand's territorial waters Although Thiel lost his enthusiasm for the project, Bitcoiners kept the dream alive.
Bitcoin Forum. September 13, , PM. In the Oceans, a new paradise is being built, by Peter Thiel the living John galt of our times… Bitcoin will be the currency in the libertarian land on oceans. In Episode 2: Raising the Spar, they face the challenges of towing out a meter-long spar to international waters and making it stand upright.
The spar supports the single-family apartment platform above the waves. Are you ready to join Chad and Nadia on the first seastead? The adventure has turned into a nightmare. In a Facebook post, Elwartowski says he and Thepdet are now on the run from Thai officials who want them killed. They are currently in hiding. Although their whereabouts are unknown, Elwartowski,, who worked as a software engineer for the US military in Afghanistan, Germany and South Korea, managed to send a post to loved ones.
According to a Facebook message posted on April 16, now deleted, he is safe but is not sure what happened to the home. Her son is worried. Stefan Thomas, founder of community site We Use Coins , thinks the rise is a bit of a self-fulfilling prophecy. Bitcoin was created in by an anonymous developer using the pseudonym "Satoshi Nakamoto" -- the Japanese equivalent of a bland name like "John Smith.
The idea was to create a currency that's free from government intervention and can be used to conduct transactions without hefty exchange or processing fees.
The processing fee was 1. Beat that, Western Union. Coins are "minted" by a network of computers running specialized software on powerful and often pricey hardware systems.
The software is designed to release new coins at a steady -- and finite -- pace. Right now, one new "block" of 25 bitcoins is generated roughly every 10 minutes, adding to the pool of around