Have you looked at their website at all? They say that they will be more than 200 nautical miles from any country, out of any EEZ.
Read my first paragraph. You can also read an overview of admiralty and maritime law re seasteads helpfully hosted by the institute. It's not pretty.
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)?