General World News

An American bitcoin trader built a floating house off Thailand’s coast in an attempt to gain independence. Authorities destroyed his home and he now faces the death penalty.

Seastead thai bitcoin skitch

  • An American bitcoin trader faces a possible death sentence in Thailand after authorities confiscated his floating home, which he built in an attempt to declare an autonomous seaborne community.
  • Chad Elwartowski and his girlfriend Supranee Thepdet had been living in the so-called “seastead,” but fled before authorities arrived.
  • According to Thai authorities, the pair claimed they were beyond the jurisdiction of Thailand. The country denies it and said their actions were “deteriorating Thailand’s independence.”
  • Elwartowski and Thepdet built the home to test the viability of creating a floating community in international waters, which would not be subject to the laws of any nation.
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    Source:: BusinessInsider.Com