Jan 10, 2017
It is the beginning of the new year and I thought a little update on the Marinea Project that began right here as a focus group, was due.
In 2016 we established an IBC (International Business Corp) for the project in Belize. Established a feasible plan to establish a floating village at sea using current technology and participant funding (self funding).
As Marinea is intended to be a pilot project into ocean colonization, we set four criteria that we expected to meet, 1 the project had to be duplicable so others could start their own site using a tried and proven method. 2 the project had to be expandable because if it wasn't, it couldn't survive long. 3 Marinea has to be self supporting, that is it has to pay for itself by creating more than it uses. 4 it must be made to work in harmony with nature, we call this long longevity.
Phase one. We identified our primary target area to begin our project. We chose the Sal Bank because it is in line between Cuba and Miami. The islands are claimed by The Bahamas but they are mostly useless to anyone as they are to small and in danger of getting washed out by some big wave. However, they make a perfect wave breaks and maybe a land park for picnics on the beach.
Phase one is the Proof of Concept phase, most likely future seasteads will begin with our phase two as they would not have to prove something works twice. We have identified a refitted ocean barge and will use it as our first point of entry. It has a hotel, fueling station, restaurant and bar, and enough room to house employees. We will add a large general store to service the boating community. People living in Marinea in phase one will mostly live in free anchored boats. We will add a floating marina in phase two.
Funding took us a while as we learned about the securities and exchange commission's rules for offering stocks. We want the project to be self funded by those of us that are likely to benefit from establishing a seastead that could one day be the world's first floating country. The future citizens of Marinea should, and I am sure would want to, fund the initial core. So we established a membership program that has as its long term benefit, citizenship in your own country.
In brief, we have the endorsement of the South Carolina Libertarian Party who will also contact other state parties for additional support for this project. This works well as we don't want to run a government and libertarianism is about the most limited type of government known. Several libertarians have agreed to writing a constitution for the rest of us to consider then they will bring their government into existence.
The website was a nightmare but we have it up and running. We are hoping to add an online store in the coming months. But now we can sign up our founding members and get the ball rolling. Unfortunately we don't have unlimited time to purchase the hotel barge so we are currently seeking someone or some business that can be our primary supporter with a lone for $10 million which would be paid back from the profits from memberships. This method will allow us to get in the water and operational while waiting for memberships to grow to the point where we can pay for it all and begin our growth. Profits from the general store, sale of fuel and water, and hotel will help the project to continue to grow and help pay for ongoing new research into the safety and comfort of living at sea.
Well that about covers this years progress. If you would like to learn more or participate in the Marinea pilot project, stop by the website at marinea.org and look around. You can catch one of our radio interviews to get a different perspective. You are all more than welcome. And thanks to everyone here for being part of the seasteading movement, into a new frontier.
Seas the future!