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http://www.wired.com/science/planetearth/news/2008/05/seasteading

The SEASTEADING INSTITUTE is advocating the creation of new independent countries to be built on floating platforms on the high seas similar to oil rigs.    The earliest such domain is called SEALAND and has been in existence for some time.   Since these are sovereign states,  they can accommodate gambling,  banking, data-havens for software piracy, etc.   

Interestingly, the group recently had a conference in Burlingame, CA.

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