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Possible Death Sentence for Bitcoin Trader

Possible Death Sentence for Bitcoin Trader

The most interesting story and picture this week (sourced from CNBC, Shirley Tay) is from Thailand and shows the Thai Navy towing a floating home owned by an American Bitcoin trader and his Thai girlfriend that does not make sense until you study it. This trader named Chad Elwartowski and his partner Suranee Thepdet lived in a floating cabin roughly 15 miles from the Thai coast in a bid to avoid the jurisdiction of the Thai government. They are part of an international group that builds floating homes off the coasts of selected countries in international waters to avoid government laws.

The Royal Thai Navy has towed the floating home away and will now prosecute the couple, with the possibility of a death sentence or life imprisonment for “deteriorating Thailand`s independence.” Mr Elwartowski has lost his Thai visa and other important documents that allowed him his freedom, as he now is at the mercy of the Thai state. The couple had announced on social media that they are declaring autonomy beyond the jurisdiction of any courts or law of any countries, including Thailand, according to Sky News.

The group called Ocean Builders are a community of “seasteading” entrepreneurs which funded and built the hexagonal cabin floating off the shores of Thailand. This group received funding from Paypal co-founder Peter Thiel in 2008. It is called The Seasteading Institute and is a non-profit think-tank – the $1.7 million received from Thiel helps build these floating homes.

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