Libertarian Couple Uses Bitcoin Wealth to Build World’s First “Seastead” In Gulf of Thailand

Chad Elwartowski and Nadia Summergirl have become the first two reported individuals to permanently cast of the shackles of land and the laws enforced on it in favour of a life on the open sea. The pair have built the first seastead with help from Ocean Builders, a start-up dedicated to helping individuals move their lives to the ocean.

The couple have financed the building of their floating home using money made from early Bitcoin investments. The structure cost them around $150,000, which was actually $30,000 more than they originally budgeted for. It measures six metres square and is octagonal in shape. The pair’s new home is spread across two floors.

According to a report in Reason, Elwartowski had previously explored other avenues to satisfy his cravings for a truly free life. These included “Free State Project, Libertarian Party elections, and the Ron Paul campaign.”

Elwartowski states that the couple has made no effort to seek approval from the Thai government for their new home. He commented:

“We have been keeping under the radar so far, but we follow all the laws of Thailand so it’s as if we’re just living on a boat in the water as far as they’re concerned…. All we expect from the Thai government is that they follow international law. We will be doing the same. But Nadia and I aren’t doing anything we can’t do on land.”

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