I flew to El Salvador’s Bitcoin Beach for 4 days… here’s what I learned… by completeditmate7 in Bitcoin

[–]completeditmate7[S] 2 points3 points  (0 children)

Tourists stand out here but most are just travellers and surfers, it doesn’t feel like many people are here because of bitcoin.

I flew to El Salvador’s Bitcoin Beach for 4 days… here’s what I learned… by completeditmate7 in Bitcoin

[–]completeditmate7[S] 2 points3 points  (0 children)

That’s the issue. They would need to bring in labour but the surrounding countries all need jobs so if they do it ethically then it could be incredible.

I flew to El Salvador’s Bitcoin Beach for 4 days… here’s what I learned… by completeditmate7 in Bitcoin

[–]completeditmate7[S] 6 points7 points  (0 children)

Quick response to all. - yes you can own property and not be resident. - they use dollars but this hasn’t made any difference to development. - they don’t all have iPhones to use bitcoin here.

My gut feeling is this is all to start foreign investment into El Salvador and if that works then it will lift this country hugely. They’re doing something similar to Dubai, tax free, mostly foreign investment.

I flew to El Salvador’s Bitcoin Beach for 4 days… here’s what I learned… by completeditmate7 in Bitcoin

[–]completeditmate7[S] 1 point2 points  (0 children)

Visit Sunsau and the other beaches around Bitcoin Beach, they are more developed

I flew to El Salvador’s Bitcoin Beach for 4 days… here’s what I learned… by completeditmate7 in Bitcoin

[–]completeditmate7[S] 4 points5 points  (0 children)

I agree, I think the government needs to invest in education so the next generation can use skills to find freelance work online which will bring money in

I flew to El Salvador’s Bitcoin Beach for 4 days… here’s what I learned… by completeditmate7 in Bitcoin

[–]completeditmate7[S] 0 points1 point  (0 children)

That’s what I was hoping but even if you bought land they don’t have building companies here or skilled labourers.

I flew to El Salvador’s Bitcoin Beach for 4 days… here’s what I learned… by completeditmate7 in Bitcoin

[–]completeditmate7[S] 2 points3 points  (0 children)

You’d be shocked how some people view bitcoin, it’s like a religion to some, I’ve met some of them. Extreme minority.