New Documentary About a Private Floating ‘Seastead’ Home Built with Bitcoin is Rolling Out

A libertarian couple has just entered the books of history in the cryptocurrency industry, albeit in an unimaginable fashion. Chad Elwartowski and his wife, Nadia Summergirl, are the proud owners of a seastead off the Thai coast whose construction was exclusively funded with Bitcoins.

Appearing on a short documentary, the couple spoke of their quest to build the first functional family seastead and what motivated them. Elwartowski, a Bitcoin investor, used profits amassed from his Bitcoins to fund the construction of the structure and escape the depredations of the existing authorities.

A Story of a Libertarian Couple Whose Dream was Fulfilled by BTC

The documentary that highlighted their bravery is the first of a 4-part series shown on YouTube. It perfectly captured the husband’s pursuit of ‘true liberty in this lifetime’ having taken part in failed projects before. And they chose the international waters, 12 nautical miles away from the coast of Phuket to be their new home.

Part of the motivation behind the success of the project, according to Elwartowski, is his Thai native wife’s 10-year wait for a seastead. She was growing tired of the idea of having floating communities, but with no one bold enough to attempt, and Elwartowski was growing concerned.

And so, with the help of Ocean Builders, the couple embarked on a journey of building a home of their dreams, funding every stage of it using the proceeds of BTC. Against their expectations, however, the cost of building rose to about five times more than what he had originally budgeted. In total, about $150,000 was spent against their original budget was $30,000.

The Launch Was Originally Hit by Delays

The couple had planned the launch of the seastead to coincide with the 10th anniversary of the BTC network going live. The ferocious storms, however, couldn’t allow that, forcing them to put off the plans to February 2019 when they finally did so.

Right now, the structure is sitting pretty with its inhabitants happily finalizing work on it. Elwartowski said they’ve not settled on it fully as they still have to handle other matters on land. They’ve just ordered a sailboat which they will use to commute whenever they need to visit the islands around the home.

The house’s foundation is a floating spar made from sand and concrete. It is a six-meter square, two-floor octagon that differs from their original home in Tahiti and can withstand waves of up to five meters. According to the couple, however, despite it being a bit cramped, it’s actually roomy and perfect for their different lifestyles.

Have They Sought the Approval of the Thai Government Yet?

Well, the couple doesn’t have approval from the authorities because, according to Elwartowski, they follow all the laws of the land. They, however, expect the government to adhere to international laws because they’ll be doing the same.

Has Crypto Found a Faithful Adoption in the Libertarian Community?

It’s reported that there are similar project off the mainland of French Polynesia and another one tucked between Croatia and Serbia. Going forward, however, it’s possible that everyone prays for the couple to live a peaceful life on their newfound abode. But whether that becomes a reality or not, it is no longer debatable that cryptocurrency is getting massive acceptance amongst members of the libertarian community.

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