If you want to homestead a part of the oceans and protect it for your children and grandchildren - visit
http://www.itsmysea.com and put a flag somewhere on the high seas (preferably international waters). Its partly for fun and to demonstrate a feasible (?) concept for privatizing the seas. Use Jolly Roger flags and suggest cool and eccentric rules, this will make this more cool.
I suggest that you stipulate how much you will be willing to pay some protection agency for the protection service. If the rules are simple (allow boat traffic, but prohibit dump of waste or overfishing), then quite a few environmental organizations, insurance companies or protection agencies may offer some basic service. I suggest that the maximum amount of the seas you proclaim ownership of is 200m x 200m
(based on calc of total area of the oceans and number of people on earth).
Perhaps FTL or similar could get paid to give media publicity to whoever infringes on this property.
Comments are much welcome.
Also if the MAP gets crowded with flags everywhere it would be quite an awful demonstration that the concept will work.
NB. If anybody can program a dedicated MAP application so that we actually can show borders on the map and not just a flag, then I am willing to pay for the programming job.
Jon