It sounds like something out of a bad Kevin Costner film, but “seasteading” – the establishment of cities floating on the world’s seas – has grown into a genuine political movement. While some people see them as testbeds for pioneering societies, others see a trading opportunity.
Financial services firms are hitting the physical limits for information transmission through existing optical fibres routes.
New water-based locations for trading servers could enable firms to fully optimise their trading strategies.
The seasteading movement has grown out of modern libertarian theory as a means of creating self-sufficient, self-governing, sea-bound communities free from the shackles of the overbearing State.