Here are my top 5 reasons for moving from Europe to El Salvador with my family, including my wife, our now 11-month old son and 2 dogs.
TIMESTAMPS
0:00 Introduction
0:11 Health
2:42 Bitcoin
6:14 Personal Freedom
8:29 The 2 P's
9:47 Rising country
12:35 Conclusion: Personal values
I'm excited to launch my YouTube channel where I will show how we are creating more freedom in our life with Bitcoin. Please subscribe to the channel if you want to follow our journey and learn about Bitcoin.
FOLLOW ME
Twitter: https://twitter.com/dldasilvarosa
Clubhouse: https://clubhouse.com/@dasilvarosa
Instagram: https://instagram.com/davidforfreedom
Facebook: https://www.facebook.com/davidforfreedom
DESCRIPTION
Before June 2021, I could not point out El Salvador on a map, nor had I ever heard of Nayib Bukele, the country’s current president. So what happened to make me decide to give up almost everything in my life and move to a country I’d never heard about?
Well, at the end of the Bitcoin 2021 conference in Miami, Jack Mallers, founder and CEO of the Bitcoin payment company Strike, came onto the stage to make a special announcement. Mallers told the audience how spent a few months in El Salvador to roll out his product, helping Salvadorans keep more of their hard-earned money. He then uncovered that he’d been asked by Nayib Bukele, the El Salvadoran president, to advise on a law to make Bitcoin legal tender in El Salvador.
The government has launched Chivo Wallet, a Bitcoin wallet that works in conjunction with the Chivo ATMs scattered around the country. Salvadorans can now exchange Bitcoin for dollars and back. Salvadorans working abroad can also send remittance payments back home instantly and almost for free.
Bukele has announced Bitcoin City, a project to build a city in a special economic zone in the south of El Salvador. To attract foreign investments, the only tax people living in Bitcoin City will pay is a value added tax at 10%. The city is planned to be powered by geothermal energy from a nearby volcano.
Second, the country is going to offer Bitcoin Bonds, a true financial revolution in the way countries can potentially finance their development. The Bitcoin bonds are designed and launched together with Bitfinex and Blockstream, two major companies in the Bitcoin space.
For investors, the Bitcoin bonds are a unique opportunity to earn an attractive yield on their capital in a world of suppressed interest rates. Next to the yield they earn, Bitcoin bond investors are rewarded with residency and a path towards citizenship.
El Salvador is known all over the world for its People and Pupusas. Pupusas are thick flatbreads stuffed with cheese, shredded pork, beans, or Loroca flower. Pupusas are the national dish of El Salvador and they have their own National Pupusa Day. Pupusas are the most popular food consumed in El Salvador; Salvadorans eat them for breakfast, lunch, dinner, or as snacks.
When it comes to the people of El Salvador, I’ve only heard good things about them. They seem to be one of the friendliest, hard-working people on the planet. And I’ve heard this from many different people.
People often distinguish between developed countries and developing countries.
In developed countries, citizens enjoy the benefits of a highly industrialized economy, including a higher standard of living as well as social services provided by the welfare state. These include health care, education, social security, public housing, and more.
Developing countries have lesser developed economies, resulting in a lower standard of living and larger parts of the population living in poverty. The government is relatively small and doesn’t provide the social services people in developed countries enjoy.
I think this distinction between developed and developing world is becoming less and less relevant. Rather, I like to think of the falling countries and the rising countries.
Why? Because Western countries have become lazy, fat, old and broke. The economies are held up by unsustainable credit creation. The asset values that people of mostly older generations have accumulated are being propped up by an artificial expansion of the money supply, robbing younger generations from their future.
And as this system based on fake fiat money is reaching its limits, governments are becoming more and more tyrannical to prevent the house of cards from falling apart. As such, more aspects of our lives are becoming subject to government policy, whether it be through financial surveillance, control of movement of people and goods, ever-increasing taxes, and the lack of tolerance towards people that think differently. In the coming years, I see rising asset prices and inflation leaving more and more people disillusioned.
TIMESTAMPS
0:00 Introduction
0:11 Health
2:42 Bitcoin
6:14 Personal Freedom
8:29 The 2 P's
9:47 Rising country
12:35 Conclusion: Personal values
I'm excited to launch my YouTube channel where I will show how we are creating more freedom in our life with Bitcoin. Please subscribe to the channel if you want to follow our journey and learn about Bitcoin.
FOLLOW ME
Twitter: https://twitter.com/dldasilvarosa
Clubhouse: https://clubhouse.com/@dasilvarosa
Instagram: https://instagram.com/davidforfreedom
Facebook: https://www.facebook.com/davidforfreedom
DESCRIPTION
Before June 2021, I could not point out El Salvador on a map, nor had I ever heard of Nayib Bukele, the country’s current president. So what happened to make me decide to give up almost everything in my life and move to a country I’d never heard about?
Well, at the end of the Bitcoin 2021 conference in Miami, Jack Mallers, founder and CEO of the Bitcoin payment company Strike, came onto the stage to make a special announcement. Mallers told the audience how spent a few months in El Salvador to roll out his product, helping Salvadorans keep more of their hard-earned money. He then uncovered that he’d been asked by Nayib Bukele, the El Salvadoran president, to advise on a law to make Bitcoin legal tender in El Salvador.
The government has launched Chivo Wallet, a Bitcoin wallet that works in conjunction with the Chivo ATMs scattered around the country. Salvadorans can now exchange Bitcoin for dollars and back. Salvadorans working abroad can also send remittance payments back home instantly and almost for free.
Bukele has announced Bitcoin City, a project to build a city in a special economic zone in the south of El Salvador. To attract foreign investments, the only tax people living in Bitcoin City will pay is a value added tax at 10%. The city is planned to be powered by geothermal energy from a nearby volcano.
Second, the country is going to offer Bitcoin Bonds, a true financial revolution in the way countries can potentially finance their development. The Bitcoin bonds are designed and launched together with Bitfinex and Blockstream, two major companies in the Bitcoin space.
For investors, the Bitcoin bonds are a unique opportunity to earn an attractive yield on their capital in a world of suppressed interest rates. Next to the yield they earn, Bitcoin bond investors are rewarded with residency and a path towards citizenship.
El Salvador is known all over the world for its People and Pupusas. Pupusas are thick flatbreads stuffed with cheese, shredded pork, beans, or Loroca flower. Pupusas are the national dish of El Salvador and they have their own National Pupusa Day. Pupusas are the most popular food consumed in El Salvador; Salvadorans eat them for breakfast, lunch, dinner, or as snacks.
When it comes to the people of El Salvador, I’ve only heard good things about them. They seem to be one of the friendliest, hard-working people on the planet. And I’ve heard this from many different people.
People often distinguish between developed countries and developing countries.
In developed countries, citizens enjoy the benefits of a highly industrialized economy, including a higher standard of living as well as social services provided by the welfare state. These include health care, education, social security, public housing, and more.
Developing countries have lesser developed economies, resulting in a lower standard of living and larger parts of the population living in poverty. The government is relatively small and doesn’t provide the social services people in developed countries enjoy.
I think this distinction between developed and developing world is becoming less and less relevant. Rather, I like to think of the falling countries and the rising countries.
Why? Because Western countries have become lazy, fat, old and broke. The economies are held up by unsustainable credit creation. The asset values that people of mostly older generations have accumulated are being propped up by an artificial expansion of the money supply, robbing younger generations from their future.
And as this system based on fake fiat money is reaching its limits, governments are becoming more and more tyrannical to prevent the house of cards from falling apart. As such, more aspects of our lives are becoming subject to government policy, whether it be through financial surveillance, control of movement of people and goods, ever-increasing taxes, and the lack of tolerance towards people that think differently. In the coming years, I see rising asset prices and inflation leaving more and more people disillusioned.
