How likely is Peter Thiel's investment into seasteading to pay off?

by[deleted]8y30th Aug 2011143 comments


Recently the relatively awesome entrepreneur invested 1.25 million USD into this (seasteading institute website here).

It seems such a wonderful concept, finally somewhere where new forms of government could be tried out. But I'm just wondering how in the world they hope to deal with existing governments since their reaction to any kind of serious alternatives, especially one that either economically or ideologically presented a significant challenge, is bound to not be positive.

I was just wondering what LWer thoughts are on this matter? Also has there been any discussion of seasteading in the past that I've missed? Also I'm wondering if anyone would hazard to perhaps offer a prediction or judge how likley this is to succeed (maybe on predictionbook)?