The dream of libertarian technotopia floating startup nations

Image: Bloomberg

Image: Bloomberg

From Bloomberg's Edward Robinson, a feature on the nonprofit Seasteading Institute.

"The five-year-old organization is pursuing an ambitious aquatic mission: to develop floating microcountries that will dwell in international waters with the same sovereign status enjoyed by cruise ships. Think secessionist, do-it-yourself nation building meets the 1995 post-apocalyptic science-fiction stinker ‘Waterworld.’"

They're based in Oakland, CA, and operating on $1.2 million in seed cash from PayPal billionaire Peter Thiel.