The Disastrous Voyage of Satoshi, the World's First Cryptocurrency Cruise Ship

XXongo writes: The Guardian tells the story of the Satoshi, the converted cruise ship that was supposed to be the libertarian paradise, homesteading the high seas off the coast of Panama, free from rules and regulations and (most of all) taxes, with an economy run on cryptocurrency. The ship was even named 'Satoshi,' after the pseudonym of the nearly-mythical elder who outlined the first cryptocurrency, Bitcoin.

So, what went wrong? Well, turns out that it wasn't quite so simple, and in some ways the 'borderless seas' are actually among the most tightly regulated locations on Earth. Even selling the ship for scrap turned out to be hard...

Read more of this story at Slashdot.