Goldman Sachs will use Bakkt's custody service

No employees on a boat under 1M USD. Maintenance and port costs aren't bad at all. Tax and insurance is expected and you can register the boat in offshore locations.

But fuel is something people never consider, as evidenced by your response. Maybe in the USA no one needs to consider that. But elsewhere in the World labor is cheap but fuel is not. Diesel in USA is like 2USD a gallon, everywhere else is basically 5+.

The tank can be 1200 gallons and it will get you 600nm, so if you want to cruise the length of Brazil (roughly 4000nm) it's going to cost you in the region of $50,000USD.

So you want to do an expedition a few times a year? Lets say 4 times a year ($200,000). In 4 years you've spent the cost of your Yacht on diesel. Think about it, you've burnt the cost of your Yacht in Diesel.

I think this is why all these Yachts never really get used, everyone is shocked at the fuel costs to actually use the thing, lol.

"Lets go over to that Island over" "But it will cost us 2000USD, lets just stay here, its similar anyway."

/r/Bitcoin Thread Parent Link - cryptonomist.ch