Each citizen in El Salvador will receive $30 of bitcoin from the government!
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Chicago-based Athena Bitcoin set to install about 1,000 ATMs for the purchase and sale of bitcoin in El Salvador.
This will increase the Tourism in El Salvador. Great opportunity in El Salvador to build hotels.😀😀😀😀
This will increase the Tourism in El Salvador. Great opportunity in El Salvador to build hotels.😀😀😀😀
Tourism in one of the most dangerous countries on the planet? eek¤%&
https://www.theguardian.com/world/2019/nov/22/el-salvador-a-nation-held-hostage-a-photo-essay
Building prisons and mortuaries is a better investment right now old)(#
https://www.theguardian.com/world/2019/nov/22/el-salvador-a-nation-held-hostage-a-photo-essay
Building prisons and mortuaries is a better investment right now old)(#
For One second , I forget about the crime when I heard free bitcoin.
Excitement of free money affect your brain health for taking right decision coo-:!ycoo-:!ycoo-:!y
Excitement of free money affect your brain health for taking right decision coo-:!ycoo-:!ycoo-:!y
Yeah got to be careful. Some of these countries are hell on earth...lol. El Salvador is the type of place where they will steal your Iphone and your head just to get Face ID working conf/(%.
Maybe it will turn around? It hit rock bottom anyway so maybe such drastic action can serve as the start of an uptrend.
After all Georgia (Caucasus) also was a dangerous war torn shithole and now (before covid, when I was there last) it was quite pleasant and not dangerous to walk around Tbilisi at night.
After all Bukele is said to be authoritarian, as was that Sakashvili guy or Lee kwan yew from Singapore (anther shithole turned around).
After all Georgia (Caucasus) also was a dangerous war torn shithole and now (before covid, when I was there last) it was quite pleasant and not dangerous to walk around Tbilisi at night.
After all Bukele is said to be authoritarian, as was that Sakashvili guy or Lee kwan yew from Singapore (anther shithole turned around).
I agree. but who knows what could happen in the future? South Korea was once a shithole, Singapore was once a s**t hole too. People back then said "Oh wow, who is dumb enough to invest in Singapore, it's a shithole" now Singaporean banks don't want your money, they won't work with you if they don't want too. they can simply tell you to f**k off with a smile on their face and a︀ firm handshake.
Singapore was ruled by LKY, who is an authoritarian and dictator, yet his︁ country became the wealth hub of asia.
china is a communist country (they are capitalist︂ to certain extent in practice, but still), and yet you can see how china became︃ a gigantic power after getting fucked by a civil war and the second sino-japan war.︄
But oh "Western democracy", please, cry me a river.
Salvador president bukele, although somewhat authoritarian,︅ is quite the business man, plus he is pretty young, was a small city mayor,︆ then capital mayor, now president with overwhelming support, his party controls the congress, this guy︇ have 0 tolerance for corruption, plus he did a pretty good job of reforming his︈ country education and healthcare (which is the backbone of any country),and it seems that he︉ is building a new railway and a new airport, and he is still developing his︊ country, overall he is walking on the right path.
I wouldn't bank any money there︋ yet, but that doesn't mean I won't invest some of my "risk capital" there,︌ it's the same thing that I do in Cambodia and some African countries like Egypt︍ (although Egypt is an exception since I bank there), Rwanda and Kenya. I want to︎ invest in infrastructure and strategic investments that would yield me certain power/influence. Well, if it️ paid off, I could be one of the people who helped the country to become a real developed country and that comes with HUGE benefits, and If it didn't paid off....well....it's a risky capital and I would just consider my investment there a spoiled egg, and it won't matter because my "risky basket" is still filled with eggs. that why I diversify all my assets, and that includes any "risky capital".
Also, making more money for the sake of just making money becomes just fucking boring after you pass a certain amount, this amount is different for each person, but after a certain point, you︀ want to convert this money to something that will make an impact whatever it's and︁ overall leaving a legacy behind you.
For me, I get adrenaline rush in risky climates︂ and frontier markets, It's what excite my nowadays. Western countries (specially the EU) just became︃ too much with over regulation and anti business practices that it became too unbearable at︄ this point. I just do the regular bonds/stocks investing and banking in the west, maybe︅ investing in couple of properties, but not it Spain, because f**k Spain, but other︆ than that, I don't do a lot there since these countries are boring socialist countries︇ (except maybe a handful of European countries)
Back to topic. The btc thing though, I︈ don't know about that, issuing a stable coin that's backed by actual audited Salvadoran assets,︉ including US dollars plus having an alipay like system (crypto/fiat) in place but for all︊ people including both citizens and foreigners would be waaaaay better than using a volatile currency︋ as a legal tender, but who knows what will happen, the guy seems serious about︌ this for better or worse and I'm just enjoying the show.
Singapore was ruled by LKY, who is an authoritarian and dictator, yet his︁ country became the wealth hub of asia.
china is a communist country (they are capitalist︂ to certain extent in practice, but still), and yet you can see how china became︃ a gigantic power after getting fucked by a civil war and the second sino-japan war.︄
But oh "Western democracy", please, cry me a river.
Salvador president bukele, although somewhat authoritarian,︅ is quite the business man, plus he is pretty young, was a small city mayor,︆ then capital mayor, now president with overwhelming support, his party controls the congress, this guy︇ have 0 tolerance for corruption, plus he did a pretty good job of reforming his︈ country education and healthcare (which is the backbone of any country),and it seems that he︉ is building a new railway and a new airport, and he is still developing his︊ country, overall he is walking on the right path.
I wouldn't bank any money there︋ yet, but that doesn't mean I won't invest some of my "risk capital" there,︌ it's the same thing that I do in Cambodia and some African countries like Egypt︍ (although Egypt is an exception since I bank there), Rwanda and Kenya. I want to︎ invest in infrastructure and strategic investments that would yield me certain power/influence. Well, if it️ paid off, I could be one of the people who helped the country to become a real developed country and that comes with HUGE benefits, and If it didn't paid off....well....it's a risky capital and I would just consider my investment there a spoiled egg, and it won't matter because my "risky basket" is still filled with eggs. that why I diversify all my assets, and that includes any "risky capital".
Also, making more money for the sake of just making money becomes just fucking boring after you pass a certain amount, this amount is different for each person, but after a certain point, you︀ want to convert this money to something that will make an impact whatever it's and︁ overall leaving a legacy behind you.
For me, I get adrenaline rush in risky climates︂ and frontier markets, It's what excite my nowadays. Western countries (specially the EU) just became︃ too much with over regulation and anti business practices that it became too unbearable at︄ this point. I just do the regular bonds/stocks investing and banking in the west, maybe︅ investing in couple of properties, but not it Spain, because f**k Spain, but other︆ than that, I don't do a lot there since these countries are boring socialist countries︇ (except maybe a handful of European countries)
Back to topic. The btc thing though, I︈ don't know about that, issuing a stable coin that's backed by actual audited Salvadoran assets,︉ including US dollars plus having an alipay like system (crypto/fiat) in place but for all︊ people including both citizens and foreigners would be waaaaay better than using a volatile currency︋ as a legal tender, but who knows what will happen, the guy seems serious about︌ this for better or worse and I'm just enjoying the show.
Singapore turned into the wealth hub of Asia mostly because LKY was tough on crime and extremely tough on corruption.
I don't see this happening in El Salvador, and magic chuck-e-cheese coin isn't going to change it. I could be wrong though and whoever invests now will reap the fruits later.
Frontier market investments can be very profitable but it isn't for everyone, usually the biggest problem is corruption and rule of law. Take for example Azerbeijan, this WikiLeaks cable details it very well:
https://wikileaks.org/gifiles/docs/15/1514568_wiki-who-owns-what-in-azerbaijan-.html
But I got massive respect for whoever has the balls to invest in El Salvador as it is right now.︀
I don't see this happening in El Salvador, and magic chuck-e-cheese coin isn't going to change it. I could be wrong though and whoever invests now will reap the fruits later.
Frontier market investments can be very profitable but it isn't for everyone, usually the biggest problem is corruption and rule of law. Take for example Azerbeijan, this WikiLeaks cable details it very well:
https://wikileaks.org/gifiles/docs/15/1514568_wiki-who-owns-what-in-azerbaijan-.html
But I got massive respect for whoever has the balls to invest in El Salvador as it is right now.︀
https://www.channelnewsasia.com/new...ng--terrorism-financing-risks--fitch-15095062
This is my thoughts exactly. El Salvador is just lining itself up to becoming a crypto washing centre. You may find 1 man fruit and veg stalls processing $100m in bitcoin a month bor&%#.
This is my thoughts exactly. El Salvador is just lining itself up to becoming a crypto washing centre. You may find 1 man fruit and veg stalls processing $100m in bitcoin a month bor&%#.
uhmm what about this?
https://foreignpolicy.com/2021/03/03/el-salvador-homicide-historic-low-2020-gangs-migration/
Crime rate actually dropped sharply.︁
A 10sec google search revealed that. So why dont you "see that happening"?
I have︂ 0 on the ground info in el salvador as this place is just not on︃ my radar yet, so if you have some on the ground intel, im curious to︄ know.
thats how countries turn around.
They hit rock bottom and then a strong man︅ who is not wicked in his head turns it around by being tough on crime,︆ protecting foreign investments and simplifying tax and business laws.
https://foreignpolicy.com/2021/03/03/el-salvador-homicide-historic-low-2020-gangs-migration/
Crime rate actually dropped sharply.︁
A 10sec google search revealed that. So why dont you "see that happening"?
I have︂ 0 on the ground info in el salvador as this place is just not on︃ my radar yet, so if you have some on the ground intel, im curious to︄ know.
thats how countries turn around.
They hit rock bottom and then a strong man︅ who is not wicked in his head turns it around by being tough on crime,︆ protecting foreign investments and simplifying tax and business laws.
Small country , It is very easy to manipulate number.
They just does not report the homicide cited as natural death.
Even In corona time, How china control virus? By not reporting death?
It is easy pesy jobs
They just does not report the homicide cited as natural death.
Even In corona time, How china control virus? By not reporting death?
It is easy pesy jobs
Great Points!
In el Salvador tho, reports shows that homicide rates dropped︁ by quite a margin, but the reason for this is debated, some say that it's︂ because of bukele "0 tolerance" policy and other says that it's because of unofficial talks︃ between the gangs and the gov. for me, the reason doesn't matter, homicide rates dropped︄ a lot and that's what matters to me.
Yeah, Azerbaijan is an interesting country, but︅ overall Turkic countries are just like that - interesting to look at but not attractive︆ to invest into (that's my opinion at least), except maybe Uzbekistan (and I'm still heavily︇ debating about turkey), Uzbekistan became attractive again after the death of the radical islamist Islam︈ karimov, and although this country has it's challenges, but it's becoming more open towards foreigners︉ and foreign investment (whether direct or indirect) and overall their market is pretty much untouched︊ and the market is till emerging, plus growth opportunities there are massive and that's something︋ that makes my eyes sparkle. it's been on my radar for quite some time, So︌ I will give Uzbekistan a couple of years (3-5 years) before I tip my toes︍ in. I will also gave EL Salvador the same timeframe (maybe less, maybe more) before︎ doing any kind of investment there.
In el Salvador tho, reports shows that homicide rates dropped︁ by quite a margin, but the reason for this is debated, some say that it's︂ because of bukele "0 tolerance" policy and other says that it's because of unofficial talks︃ between the gangs and the gov. for me, the reason doesn't matter, homicide rates dropped︄ a lot and that's what matters to me.
Yeah, Azerbaijan is an interesting country, but︅ overall Turkic countries are just like that - interesting to look at but not attractive︆ to invest into (that's my opinion at least), except maybe Uzbekistan (and I'm still heavily︇ debating about turkey), Uzbekistan became attractive again after the death of the radical islamist Islam︈ karimov, and although this country has it's challenges, but it's becoming more open towards foreigners︉ and foreign investment (whether direct or indirect) and overall their market is pretty much untouched︊ and the market is till emerging, plus growth opportunities there are massive and that's something︋ that makes my eyes sparkle. it's been on my radar for quite some time, So︌ I will give Uzbekistan a couple of years (3-5 years) before I tip my toes︍ in. I will also gave EL Salvador the same timeframe (maybe less, maybe more) before︎ doing any kind of investment there.
You mean how many deaths for natural cases occurred in the highly súper súper civilized west that were accounted as corona? At least in Italy they summed up to corona all deaths above 80 yo. Unfortunely making up numbers is becoming a dangerous culture everywhere, or do you really believe 50% of Sweden women faced sexual aggression, way more than in any︀ African country? Why do you think police in EUSSR don’t report anymore the race/nationality of︁ crime perpetrators? Or WHO don’t report sexual behavior of aids patients? The list is large.︂
Coming back to the topic, banks there already have in place an AML that allow︃ them to process USD with the benevolence of Uncle Sam, they just have to make︄ BTC transactions follow the same rules.
Coming back to the topic, banks there already have in place an AML that allow︃ them to process USD with the benevolence of Uncle Sam, they just have to make︄ BTC transactions follow the same rules.
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