As ideas go, living on your own Pacific island where you can spend your exclusive cryptocurrency while you casually sip a cocktail by the waterside warmed by the tropical sun is one of the wackiest.
But little in the world of cryptocurrency raises much more than an eyebrow today.
The plan is simple – if you are tired of the rat race, kowtowing to the government and endless regulation and are a free spirit ready to take part in the digital economy, then Blue Frontier is the company for you.
The small print is a little harrowing, though.
Funding for the first project in Polynesia is a planned initial coin offering (ICO) – but the company will only accept payment in Varyon (VAR).
To take part, investors should set up a private wallet – not through an exchange – then buy Ethereum and which will be converted into Varyon – the Blue Frontiers token of choice.
The plan is to build sustainable seasteads, which are designed as private floating islands which can be docked with other seasteads to make larger communities and eventually a nation state nestled in international waters beyond the influence of any government.
The company is floating the idea of the first seastead off French Polynesia.
Political scientist Nathalie Mezza-Garc said: “There is significance to this project being trialled in the Polynesian Islands. This is the region where land is resting on coral and will disappear with rising sea levels.
“Once we can see how this first island works, we will have a proof of concept to plan for islands to house climate refugees.
“If you don’t want to live under a particular government, people will be able to just take their house and float away to another island.”
Blue frontiers has scheduled the first project’s completion for 2022. Costing $50 million, the seastead will be home to 300 people.
However, cruising international waters beyond the reach of government may not be that simple.
The United Nations points out that artificial islands are subject to the laws of the nearest coastal state unless they are more than 200 nautical miles offshore – which limits locating a seastead anywhere near civilisation.
…but perhaps that’s the big idea from Blue Frontiers.