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The Seasteading Institute has been accepting Bitcoin donations from its inception –
and it’s no surprise that there is a natural affinity between cryptocurrency enthusiasts and seasteaders. One of the biggest hurdles that seasteading communities face is establishing a stable and secure financial system beyond the reach of traditional banking and government regulations. Many cryptocurrency enthusiasts align with the principles of libertarianism and decentralization, making them a great fit for seasteading communities that prioritize individual freedom and autonomy. If you have any questions about donating crypto, please send an email to .
The Seasteading Institute’s mission is to support floating communities on the ocean with significant political autonomy. Blockchain technology holds tremendous potential for seasteaders. Cryptocurrencies are an excellent alternative to traditional methods of transferring money between banks across different countries. They are also more convenient than exchanging cash at a bank. Non-fungible tokens (NFTs) offer a solution for tracking the ownership of assets, such as a seastead, while smart contracts can manage fractional ownership of a seastead and timeshare management. Seasteading presents opportunities for innovation, and blockchain technology is a significant innovation in the economy.
Although our Active Project partners are busy building seasteads as quickly as possible, those of us still on land can start practicing the skills we will need to live in a dynamic floating community with others from all over the world.
More efficient for transactions between people from different countries
The benefits of using cryptocurrency in seasteading communities extend beyond just the ease of transactions. Cryptocurrencies provide a secure and decentralized financial system that is not subject to the restrictions and regulations of traditional banking. Residents of a seastead can conduct transactions with each other without requiring a central authority or intermediary. This feature makes it easier to buy and sell goods and services on a peer-to-peer basis, especially among people from different countries and banking systems. Moreover, cryptocurrencies like Bitcoin and Ethereum are based on blockchain technology, which provides an immutable and transparent ledger of transactions, making it easier to track financial activity and prevent fraud.
The Role of Smart Contracts in Seasteading
Smart contracts, which are self-executing contracts with the terms of the agreement between the buyer and seller directly written into lines of code, are another area where cryptocurrency and seasteading could intersect. These contracts are built on top of blockchain technology and offer an efficient, secure, and transparent way to conduct transactions. Smart contracts could play a critical role in creating a more efficient and streamlined economy in a seasteading community. For instance, residents could use smart contracts to automate the buying and selling of goods and services, reducing the need for intermediaries and cutting down on transaction costs. Additionally, smart contracts could be used to create decentralized autonomous organizations (DAOs) that allow residents to pool their resources and make decisions collectively without requiring a central authority.
Why does The Seasteading Institute accept cryptocurrency?
Seasteading and cryptocurrency share many similarities and can complement each other in powerful ways. By leveraging the security, decentralization, and transparency of cryptocurrency and blockchain technology, seasteaders could create a new form of governance and economy that is free from the constraints of traditional institutions and regulations. While there are certainly challenges and risks that need to be considered, the potential benefits of this innovation are too great to ignore. As we continue to explore the possibilities of seasteading and cryptocurrency, we may just discover a new frontier for human civilization that is more free, autonomous, and innovative than ever before.
Making a cryptocurrency donation to support The Seasteading Institute enables us to build floating societies with significant political autonomy. Our current focus is to draft Classsification Rules for seasteads so that entrepreneurs have a clear path for building safe and legal vessels. Your donations will help us hire legal and naval engineering experts to review our Classification Rules draft. We accept donations in Bitcoin, Ethereum, and over 100 additional leading cryptocurrencies. You can easily use your credit card if you don’t have a wallet.
Are crypto donations tax-deductible?
Donating crypto is also one of the most tax-efficient ways for individuals to support causes that matter to them. Your crypto donation is tax-deductible to the fullest extent permitted by law if you pay taxes in the U.S. By making a charitable gift, you may also be eligible to significantly reduce what you would otherwise owe in capital gains taxes.
As with any tax-related questions, be sure to consult with a qualified, professional tax advisor. Get more information about lowering your crypto taxes. You can also use this calculator to estimate the tax benefits of crypto and stock donations.
Donating crypto is safe, easy, and fast.
Using the widget on this page, making a charitable gift is a quick three-step process:
- Select your preferred crypto and enter your gift amount
- Type in your email and basic info (or choose to give anonymously)
- Make your gift!
Upon making a donation, you can elect to receive an automatically generated tax receipt that will be sent to the email address you provide. This confirmation of your donation will help you close the loop when calculating your taxes.
Crypto charitable donations are processed quickly and safely with The Giving Block and will be immediately converted to USD to be transferred to The Seasteading Institute.
Which cryptocurrencies do you accept?
We currently accept more than 100 cryptocurrencies, including:
Bitcoin (BTC), Ethereum (ETH), 0x (ZRX), 1inch (1INCH), Aave (AAVE), Alchemix (MIST), Amp (AMP), Ankr (ANKR), ApeCoin (APE), API3 (API3), Audius (AUDIO), Avalanche (AVAX), Axie Infinity Shards (AXS), Balancer (BAL), Bancor Network Token (BNT), BarnBridge (BOND), Basic Attention Token (BAT), Binance USD (BUSD), Bitcoin Cash (BCH), Bonfida (FIDA), ChainLink (LINK), Chiliz (CHZ), Civic (CVC), Compound (COMP), Curve Dao Token (CRV), Dai (DAI), Decentraland (MANA), DeFi Pulse Index (DPI), Dogecoin (DOGE), Dogelon Mars (ELON), Enjin Coin (ENJ), Ethereum Name Service (ENS), Eulder Finance (EUL), Fantom (FTM), Fetch.ai (FET), Filecoin (FIL), Gala (GALA), Galxe (GAL), Gemini Dollar (GUSD), Injective (INJ), Keep3r (KP3R), Kyber Network (KNC), Lido (LDO), Liquity (LQTY), Liquity USD (LUSD), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Magic Internet Money (MIM), Maker (MKR), Maple Finance (MPL), Mask Network (MASK), Merit Circle (MC), Metis (METIS), Moss Carbon Credit (MCO2), Numeraire (NMR), Orchid (OXT), PAX Gold (PAXG), Polkadot (DOT), Polygon (MATIC), Qredo (QRDO), Quant (QNT), Radicle (RAD), Rally (RLY), Raydium (RAY), Ren (REN), Render Token (RNDR), REVV (REVV), Saber (SBR), Samoyecoin (SAMO), Shiba Inu (SHIB), Skale (SKL), Smooth Love Potion (SLP), Solana (SOL), Somnium Space (CUBE), Spell Token (SPELL), STEPN (GMT), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), Tune.FM (JAM), UMA (UMA), Uniswap (UNI), USD Coin (USD), Wrapped Centrifuge (WCFG), Yearn.finance (YFI), Zcash (ZEC), Zebec Protocol (ZBC)
We are continually in the process of adding support for new cryptocurrencies, so please check back soon for more giving options.
If you don’t see a cryptocurrency you would like to donate in, please fill out this form to be connected with our Crypto Philanthropy partners at The Giving Block.
