Bitcoin Investor: Thai Military Wants Me Dead Over SeaStead Project

2019-4-18 00:00

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.

The post Bitcoin Investor: Thai Military Wants Me Dead Over SeaStead Project appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Thai Baht (THB) на Currencies.ru

$ 2529930.16 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $2522515.38 - H: $2539183.72
Капитализация $0 Rank 99999
Цена в час новости $ 174329.1 (1351.24%)

thai bitcoin seastead investor floating dead wants

thai bitcoin → Результатов: 65


Фото:

Thailand’s SEC Reportedly Approved Pioneer Initial Coin Offering (ICO) Portal

According to a local news outlet, The Bangkok Post, the Thai Securities and Exchange Commission (SEC) has approved Thailand’s first Initial Coin Offering (ICO) portal on March 12, 2019. Unnamed Operator Is a Foreign Entity The Thai SEC’s approval means that other government agencies such as the Ministry of Commerce can now review the portalRead MoreRead More.

2019-3-13 19:00


Breaking: Thailand’s SEC Actually REMOVED Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum Classic (ETC) from Crypto’s Eligible for ICO Fundraising

Reports have been floating on the internet that the Thai Securities and Exchange Commission (SEC) has approved the Ethereum… The post Breaking: Thailand’s SEC Actually REMOVED Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum Classic (ETC) from Crypto’s Eligible for ICO Fundraising appeared first on Invest In Blockchain.

2019-3-1 10:32


Фото:

Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform

Atomicpay, a Thai-registered payments startup, has officially launched its non-custodial cryptocurrency payment terminal for merchants throughout the world. Founder and developer Benz Rif said the platform, which supports BTC, BCH, LTC and other cryptos, eliminates the involvement of a third-party processor, allowing merchants to accept payments directly from their customers.

2019-1-13 04:20


Suspected Mastermind Behind $24 Million Bitcoin Fraud Arrested by Thai Police

The Bangkok Post reports that the prime suspect in an ongoing investigation surrounding a $24 million Bitcoin scam has been arrested. Prinya Jaravijit is believed to have swindled Finnish investor Aarni Otava Saarimaa with false claims that Saarimaa’s multi-million dollar investment was going towards a series of stock investments in Thailand.

2018-10-14 19:16


SportsCastr Expands to MMA with Exclusive Friday Night Fights Streaming Deal

Bitcoin Press Release: Nation’s Longest-Running Muay Thai Series To Stream Exclusive Fights on SportsCastr Starting Sept. 14, 2018. September 14th, 2018, Grand Cayman –SportsCastr, the social live-streaming platform that lets anyone in the world become a color commentator, today announced an official partnership with Friday Night Fights, North America’s longest-running Muay Thai series.

2018-9-14 08:04


Thai Bitcoin Scam Victim Expresses Satisfaction Over Settlement Talks

The Finnish victim involved in the elaborate Thai Bitcoin scam has reportedly expressed satisfaction over settlement talks with two key suspects. Positive Settlement Talks Aarni Otava Saarimaa, the Finn who was duped by Thai fraudsters in a $24 million Bitcoin scam, has received a satisfactory settlement deal after negotiating with two Thai suspects.

2018-8-31 19:29


Thai Central Bank Defends Cryptocurrencies

In the high-profile Thai crypto fraud case involving an actor, Thailand’s central bank has clarified that the fraud is not related to cryptocurrency trading, but a general misuse of money. Thailand has recently legalized seven cryptocurrencies, authorized seven crypto firms, and the Bank of Thailand has green-lighted commercial banks’ subsidiaries for crypto activities.

2018-8-21 14:02


Thailand’s SEC Approves Seven Crypto Exchanges, Two More Under Review

Thailand’s SEC Accepts Seven Crypto Exchanges, Looking into Another Two On Wednesday, August 15, Thai SEC disclosed a list of seven cryptocurrency firms that can continue their business operations. As per their statement, it has been confirmed that the list includes Bitcoin Company Limited (BX), BitKub, Cash2Coin, Group Company Limited (TDAX), and Coin Asset Co […]

2018-8-16 20:26