Seasteading is a concept that involves building permanent human habitation in international waters. The idea is to create floating cities that are self-sustaining and can provide a range of benefits, from reducing overcrowding in cities to promoting environmental sustainability.

At the heart of seasteadingt is the idea of creating special economic zones in international waters that are governed by their own regulatory frameworks. These zones would be designed to promote innovation and economic growth, and would be subject to a combination of international law and private contracts.

By creating new living spaces in international waters, seasteading can provide an alternative to traditional urban living that is more sustainable and less crowded. This can help to reduce the strain on existing infrastructure and resources, and can promote a more balanced distribution of wealth and opportunity. 

By using renewable energy sources and advanced water purification and waste management systems, seasteads can be designed to be self-sustaining and environmentally friendly. This can help to reduce the impact of human activity on the natural environment, and can promote a more sustainable and resilient way of life.

Seasteads require a platform that can support the weight of a house as well as withstand the forces of wind, waves, and currents. The platform must also be self-sustaining, meaning that it can generate its own power, purify its own water, and dispose of its own waste, which sounds like a lot for a sole inhabitant in the middle of the ocean, but these services can be shared by residents who specialize in a certain area. Maybe you’ll be dealing with the water filtration system while your neighbors takes care of the emergency grid.

Mitchell says that he spent the last 1.5 years engineering the platform on which the Steastead will need to stand on. The Stead team are currently working building the first seastead concept, designed as a sustainable floating house, inspired by the same technology that Oil rigs use to stabiles themselves on sea. Seasteads are raised above the sea level so that the house is perfectly stable even in waters with up to 10 foot waves.

In order to work towards this goal, and help people in developing economies get access to funds that they may otherwise be unable to, Stead uses blockchain technology to create a decentralized lending platform for managing inflatable infrastructure. The platform allows people to raise funds through the sale of Stead tokens, which can then be used to lease time on these structures.

For example, let’s say that someone wants to build a floating house but doesn’t have the funds to do so. They could create a campaign on the Stead platform and describe the project they’re looking to build in to raise the necessary funds. Users can then deposit crypto and receive Stead in return, effectively helping to raise capital for the project. Once the funds are raised and the structure is built, the operator of the floating house would now be required to burn Stead tokens in order to pay back the funding of the project.

Similarly, someone in a developing country who wants to buy a new fishing boat but doesn’t have access to bank loans could use Stead tokens to raise the necessary funds. This would enable them to purchase the boat and then pay a lease by burning tickets in order to keep ownership of the structure.

Stead Website

Stead Twitter

This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

Aesir Website

Aesir Discord