Imagine a utopia where cryptominers, cryptocurrency enthusiasts, and investors alike could be free to live, far from the ever imposing reach of mankind’s laws. This was the vision of bitcoin fanboys, and utopian idealists, Grant Romundt, Rüdiger Koch, and Chad Elwartowski. These three were determined to make their dream of crypto-Rapture a reality. That is until they realised some hard truths tied to running a floating colony.
The plan was simple: Buy a $9.5 million retired cruise liner > pop over to Panama > build a utopia > profit! Sounds easy right? What these three idealists didn’t foresee, however, were the number of hoops they would need to jump through, in order to make their paradise a reality.
Fueled by the romantic ideals of Patri Friedman et al., the three started off strong with their ‘Seavilization’ project. First, they Christened their ex-cruise liner (previously the Pacific Dawn) The M.S. Satoshi, after the godfather of bitcoin—perhaps willing some of his luck to rub off for a successful mission. Though, according to The Guardian (via IFL Science), the successful renaming of the ship was the first and final triumph.