Mar 29, 2012
At the Financial Cryptography conference, Hastings amused and fascinated the other attendees with a data haven variant soon dubbed the “Toxic Barge Project”.

The idea was to buy a ship, fill the top of the hold with computer severs and the bottom with the nastiest toxic waste imaginable, then plant yourself in international waters near a major port and start offering co-location services.

As Hastings explained, the toxic waste “forces the large military power to protect you from outside threats, while being very hesitant to attempt to board your vessel.”
Sealand and HavenCo: Death of a data haven: cypherpunks, WikiLeaks, and the world’s smallest nation.