PayPal Founder Build Own Country

Peter Thiel, PayPal co-founder and former financial backing of Facebook, a $USD1, 25 million in 'otopia island project.

Funds amounting to USD1, 25 million have been invested by Thiel toSeasteading Institute, dedicated to new countries to the island resembles a giant ship. The ship itself is in the middle of international waters.




"The movements of the island, which was written by site details, try the ideas of the Liberal government." Free of regulation, law and regulation, unlike the countries that already exists. First on the island built a small village, which is expected to be inhabited by millions of people in 2050, "he said.

Also explained in detail that the island was originally going to be moving withdiesel engine, has 12 tons of structures for indoor and 270 people with thesame libertarian ideas. Launched by Mashable, Thursday (18/08/2011).

Leadership Institute Seasteading utopian island project is Patri Friedman, a former Google engineers and the grandson of Milton Friedman, a Nobel-winning economist. Friedman hopes to launch the movement is on the coast ofthe island of San Francisco next year.

Despite sounding very strange, but the ideas to establish a small country is not new. One of the "state utopia" the best known is the Principality of Sealand, which was founded in 1967 off the coast of Suffolk, England. Principality of Sealand has a currency, stamps, passports and certificates of their own nobility. Principality of Sealand's current population of three.

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