I know there are readers on here who don't have the Bitcoin maximalist mindset and see bitcoin going to $10 million within their lifetimes, but literally _Millions_ of people like me do. That's not hopium talking, there are plenty of polls these days. From a $60k bitcoin to a $10m bitcoin is over 166X returns on a savings account. 166 TIMES returns, probably within a decade, definitely within 2-3. What better way to come up with the vast amounts of moulah needed to fund a multi-billion dollar seasteading community?
Let's say we work on a serious proposal with blueprints and all that, and find out that a proper seastead that is self-sufficient would cost us $5 Billion USD in today's dollars to build. (totally spitballing here.) I mean really proper, such as having backups for the desal, solar, internet connections, hospital, food farming, and marina repair shops. Everything we'd need to get a community of 500 or more into the deep water.
If we wait until more people arrive and the tech is more feasible, that could be in 10, 20, or even 50 more years... But this rise in Bitcoin's price is a 1-time event that is happening in the present. The last time such a valuable thing (gold) went from worthless to the world's reserve money in the eyes of the world, it took thousands of years, but today the internet is making it happen in just a few short decades.
We really need to get started saving in a bitcoin fund NOW, so we don't miss those sick 166x gains. $5 billion of today's dollars divided by 166 is only $30.1 million dollars, which is only 501 bitcoins. And that's assuming bitcoin doesn't just keep growing in value forever. (Which it may, due to people losing coins.)
I repeat: We need to save ~501 Bitcoins now to fund a $5 billion seasteading city later. This is a totally achievable goal, especially since so many bitcoiners are already seasteaders. The more bitcoin's price goes up, however, the more that number of bitcoins in savings needs to go up as well though. We really can't afford to wait!
Yes, this comes with other challenges, such as who we can trust to watch over the private keys and how we determine & execute maturity. It would also bring up the question of how we can incentivize people to do all the work like draw up proper blueprints, research technology and materials, onboard suppliers, find & coordinate the inhabitants, etc. I'd argue that these problems all need solving no matter what approach we take, and having a large, publicly-auditable pool of bitcoins in our care would smooth these problems out nicely as it grows.
I don't have all the answers, but the problem of who to trust with the private keys seems obvious to me: We minimize the trust in any human, and put together a solid multisignature wallet with something like 10 keys that at least 8 of us would need to sign in order to spend any funds. The key bearers would be split between the folks who care the most about seasteading and the biggest donors. (Joe Quirk & Patri would obviously get one each, but if Elon Musk donated 100 coins then he'd get one too, etc.) We'd have to get all those keys in place with sound recovery strategies for each and every key before we start loading the wallet with funds.
And just in case this sounds a little too-long-term for some of you impatient folks, (myself included) we can always raise more than 501 Bitcoins. There are liberty lovers out there with literally thousands and thousands of coins and no way to spend them all in their lifetimes.
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