A group of wealthy men invested in a multimillion-dollar yacht without knowing anything about sailing or living on a boat. They made promises about COVID safety policies and accepting cryptocurrency, but seemed clueless about using the vessel.
The hosts discuss how attempts to turn a boat into a Bitcoin city were halted by insurance companies who refused to insure the inexperienced owners. The conversation also touches on legal requirements for boats to operate in international waters.
The Ocean Builders "Great Freedoms" Project aimed to offer freedom from bureaucracy, but bureaucratic issues and over-regulation in the cruise ship industry led to the project's failure and the eventual sale of the ship for scrap.