Business 15 April 2019

Derek Tonin

Seasteading Bitcoin investor runs afoul of Thai law

The mantra that is building in the Bitcoin community is that the industry must work with governments, not against them. One early adopter has now learned the hard way what happens if you take the opposite approach, as Thai authorities are now targeting a seasteading couple for breaking local laws.

The Bangkok Post reports the Third Naval Area Command of Thailand have filed an official complaint against Chad Andrew Elwartowski and Supranee Tehpdet, also known as Nadia Summergirl, who were accused of breaking Section 119 of the Criminal Code. That rule covers any act to somehow deteriorate the independence of Thailand, in this case by causing it to lose territory.

According to a source, officers found evidence that the couple were looking to set up an independent state, and specifically in an area that would hinder ship navigation en route to Phuket. That evidence is available online for the public to see, as Reason has previously reported on their ambition, and the YouTube channel seasteading published a four-part documentary on the construction of their off-shore home earlier this year.

Elwartowski was an early investor in Bitcoin, making a healthy some of money from it. In the documentary, he explains why he’s chosen to pursue seasteading, or the construction of a private state in international waters, saying that he’s afraid America doesn’t want liberty anymore, and this has become his best chance of having true freedom. He’s spent $150,000 to build his off-shore home.

The problem, as per Thai officials, is that the home is still within Thai borders, and does not free him and Summergirl from their laws. If arrested, the couple may face life in prison or death, and, “The regional office of the Marine Department will be contacted to remove the structure from the sea soon,” a source said.

The libertarian philosophy that Elwartowski subscribes to is antithetical to the original Satoshi Vision, and what Bitcoin was meant to do. As experts have recently expressed, Bitcoin, the community behind it, need to work with governments and not shun them. We live in a society, and we can’t improve that society if everyone is trying to run away from it.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

The Bitcoin Vision: Episode 10

Business 18 April 2019

The Bitcoin Vision: Episode 10

Founding President of the Bitcoin Association Jimmy Nguyen is back in London for this week’s episode of The Bitcoin Vision, and he’s reunited with his crew who are equally excited about BSV’s latest big wins.

Read More
Dr. Craig Wright files formal libel claim against Bitcoin podcaster Peter McCormack

Business 18 April 2019

Dr. Craig Wright files formal libel claim against Bitcoin podcaster Peter McCormack

Dr. Craig Wright files formal libel claim against Bitcoin podcaster Peter McCormack, who publicly accused Wright of fraud over Satoshi Nakamoto identity.

Read More
Jack Liu responds to hasty BSV delistings, launches BSV-powered exchange & wallet

Business 18 April 2019

Jack Liu responds to hasty BSV delistings, launches BSV-powered exchange & wallet

Delisting Bitcoin SV from exchanges has inspired Jack Liu to start trading on his new BSV-powered exchange, FloatSV, earlier than expected.

Read More