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It would be fun to build an actual floating city. Bonus points for exposing the ocean below as a primary space to interact with and inhabit. Why would I want to simply float above the ocean?

Reminds me of Sealand.

https://en.wikipedia.org/wiki/Principality_of_Sealand

The next time I go to Japan, I'm going to see if I can buy a passport issued from this place, as the article notes. Wow.

https://sealandgov.org/

Kiyonori Kikutake's Aquapolis