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Bitcoin Investor: Thai Military Wants Me Dead Over SeaStead Project

Bitcoin investor: thai military wants me dead over seastead project

Bitcoin Investor: Thai Military Wants Me Dead Over SeaStead Project

Bitcoin investor: thai military wants me dead over seastead project

An early bitcoin investor’s short-lived dream lifestyle has turned into a nightmare after the Thai navy has accused him of breaching the nation’s sovereignty. Chad Elwartowski’s SeaStead floating home is apparently too close to the Thai coastline.

The idea of SeaSteading is to create a living space on a floating vessel out in international waters and not under the jurisdiction of any nation state. According to Elwartowski, the Thai military now wants both him and his girlfriend dead.

Couple on the Run from Thai Authorities Over SeaStead

As reported by the UK’s Daily Mail, a bitcoin investor and his girlfriend have gone into hiding because of apparent threats made against the pair’s lives by the Thai military. Chad Elwartowski and Supranee Thepdet, also known as “bitcoin Girl Thailand”, could face charges of breaching the Kingdom of Thailand’s sovereignty.

NewsBTC first reported on Elwartowski and Thepdet’s successful launch of the planet’s first SeaStead early last month. Just weeks later, the two are apparently wanted dead for building it too close to the Thai coast.

To those who don’t know, a SeaStead is a floating vessel designed for individuals to live in. The idea behind the SeaSteading project is to create living spaces outside of the law of the land. Elwartowski explains:

“I like the idea of being able to vote with your home. If you don’t like how your community is being run, you just float to a new one.”

Elwartowski, who previously worked as a US military software engineer, reportedly got the $150,000 to build his SeaStead from an early bitcoin investment. Like bitcoin, the SeaSteading project is particularly popular with libertarian-leaning people.

According to Thai authorities, the military recently found the floating home uninhabited around 12 nautical miles off the coast of Thailand. Elwartowski refutes this, saying that his SeaStead was 13 nautical miles off the coast of Phuket island and therefore in international waters.

Colonel Nikorn Somsuk, of the Phuket police force, confirmed that an official complaint had been filed today. He stated:

“The navy and its team found a concrete tank floating on the sea but there was no one on it. So they filed a charge citing criminal code article 119.”

If an official charge is brought against the pair, they could be sentenced to death. The Thai Navy reportedly stated via social media that the pair didn’t seek Thai permission for their bitcoin-funded SeaStead. Evidently disrespected, the organisation went on to say that their advertising of the SeaSteading lifestyle and inviting others to join them in creating a floating home near Thailand showed no regard for the nation’s sovereignty.

According to the Daily Mail, the pair state that they are on the run from a national military that wants them dead.

bitcoin’s Micro-Nation Dreamers

The SeaStead project is hardly the first example of people enamoured with the freedom-bringing potential of bitcoin attempting to set up communities outside of the rule of any nation. One such effort is Liberland, located between Croatia and Serbia. The experiment in self-determination even had an ICO associated with it to raise funds to apparently finance the non-state.

Similarly, NewsBTC reported on the group behind a floating island in French Polynesia that proposed to establish a government and the launch of a digital currency of its own last year. The project seeks to establish hundreds of new floating nations, inspired by the same ideas as SeaSteading.

Related Reading: Roger Ver Attempts to Create a “FreeSociety”

Featured Image from Shutterstock.

Published at Wed, 17 Apr 2019 21:00:53 +0000

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Tether Now Supported on the Ethereum Network

Tether has switched from the previously used Omni protocol to the Ethereum network, citing lower fees and faster confirmations for the switch.


“Tethered” to the Dollar

Tethers are a very controversial product in the cryptocurrency space and have been for months on end. They are a cryptocurrency that is backed by traditional fiat currencies, such as the United States Dollar or the Euro. Many exchanges have adopted tethers, as they offer a method of implementing USD pairs without having to use dollars. This loophole can allow exchanges to work with “dollars” without having to jump through regulatory hoops.

The old tether system used the Omni protocol, a system that allows for custom smart contracts using the bitcoin network’s security. The switch to Ethereum is exciting, as they’ve already migrated USDT and EURT to the new network.

Ethereum blockchain

The company announced that the switch was due to high fees and slow confirmations, two problems that Ethereum offers a solution to. Tether has launched the new contracts and is in the process of transferring value across the chains. It may take some time for a full roll out onto Ethereum.

Concerns About the Token

Tether has come under fire as of late for some questionable actions. Many are still awaiting a full third-party audit on the tether reserves. The reserves are bank accounts that Tether claims have a matching number of dollars as the number of USDT in circulation. More eyebrows were raised when it was discovered that tether has a clause in their ToS stating they have no obligation redeem the tethers at face value.

Concerns about the Tether token

Tethers can only be purchased by institutional investors, not the public. So far, over $1.5 trillion has been produced by Tether, which is currently being using in circulation by exchanges and individuals worldwide.

Do you think that Tether’s switch to the Ethereum blockchain was a smart move? Do you use tethers? Let us know in the comments down below!


Images courtesy of Pexels, AdobeStock

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Venezuelan President Calls on 11 Countries to Adopt State Cryptocurrency Petro

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