But security can occupy a enterprise: bitcoins worth tens of millions of dollars were stolen from Bitfinex when IT was hacked inward a Bitcoin trader and his girlfriend reached amazing Progress in Studies. The practical Experience on a Bitcoin trader and his girlfriend . Apr 20, · By Reuters BANGKOK — The Thai navy on Saturday boarded the floating cabin of a fugitive U.S. bitcoin trader and his Thai girlfriend, both prominent members of the . Apr 20, · Washington: An American bitcoin trader and his girlfriend could face the death penalty after they were accused of threatening Thailand's sovereignty by building and living in a "sea home" off the coast of Phuket. Chad Elwartowski and his partner Nadia Supranee Thepdet have fled their home, built atop a platform around 12 miles off the coast of Phuket, and gone into hiding after authorities.
A bitcoin trader and his girlfriendBitcoin Trader, Girlfriend Could Face Death Penalty for Building 'Sea Home' Off Coast Thailand
And this could cause other people to misunderstand and it is threatening our national security," said Colonel Kataporn Kumthieng, the chief of Phuket's Immigration office. The Thai Navy had previously posted a video of the home on Facebook, writing that "the navy is required to resolve the problem. Elwartowski had taken part in videos and podcasts promoting the use of "seasteads," frequently mentioning how he was unaffected by policy decisions and taxation laws set by governments.
The "seasteading" movement, which began in earnest in in California with the financial backing of Silicon Valley billionaire Peter Thiel, has been likened to the phenomenon of micronations for its vision of establishing sovereign communities outside the control of existing states.
Ocean Builders, the company behind Elwartowski's seastead, said in a statement on its website that it had constructed the home, the first in what it hoped would be an opening round of 20 units. The couple were "volunteers excited about the prospect of living free", it added. Insisting the six-meter platform was 13 nautical miles from Thailand and in international waters, the company accused the Thai authorities of acting as "judge jury and executioner of the historic very first seastead.
The Seasteading Institute, the organization backed by Thiel, is currently in negotiations with the government of French Polynesia to build a floating city in a semi-autonomous "seazone" within its territorial waters. The couple could face life imprisonment or the death penalty under the country's Immigration Act, but authorities they are unaware if the pair are still in the country or its waters.
It Just May be True. Thai authorities say the structure is in its mile exclusive economic zone and therefore a violation of its sovereignty. The navy said they have evidence that the floating home was built in a private boatyard in Phuket and said the couple wanted to establish a "permanent settlement at sea beyond the sovereignty of nations by using a legal loophole".
It said the action "reveals the intention of disobeying the laws of Thailand as a littoral state and could lead to a creation of a new state within Thailand's territorial waters In an email reply to Reuters, Elwartowski referred all questions to the Seasteading Institute and pointed to online statements from the Ocean Builders website.
The group said that the pair, both active bitcoin investors, did not build, invest in or design the floating home themselves but were "volunteers excited about the prospect of living free," documenting their lives as "pioneer seasteaders" off the coast of Phuket. The U. Embassy in Bangkok told Reuters that Elwartowski had engaged a lawyer and was being provided with appropriate assistance. According to Ocean Builders, the concept of "seasteading" has been discussed for years but the cabin Elwartowski and Supranee lived on was the first attempt at living in what it described as international waters.
Other groups, such as the Seasteading Institute, which was originally backed by PayPal co-founder Peter Thiel, have sought to build floating cities with the cooperation of host nations. IE 11 is not supported.