As one of Facebook’s early investors and the founder of Pay Pal, Peter Thiel has had a fair amount of financial success. Now it seems that Thiel is interested in adding one more accomplishment to his resume. The billionaire wants to create a floating libertarian island that sounds eerily familiar to the underwater city found in BioShock.

Details Magazine has a profile on Thiel, which explains how the entrepreneur has been financially backing an organization called the Seasteading Institute. This institute hopes to start building tiny sovereign nations on oil rig-like platforms, which would be positioned within international waters so that they would be free from the laws, regulations, and moral codes of existing countries.

Details describes these new nations as "a kind of floating petri dish for implementing policies that libertarians, stymied by indifference at the voting booths, have been unable to advance: no welfare, looser building codes, no minimum wage, and few restrictions on weapons."

Sure, the idea sounds good now, but once the entire population goes mad from genetic experimentation we’ll see who really wants to live there.

[Source: Yahoo News]