Immediate Permanent Residence For Crypto Entrepreneurs In El Salvador by dragosroua

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @dragosroua · Jun 6 '21 (edited)

$37.85

Immediate Permanent Residence For Crypto Entrepreneurs In El Salvador

![Screen Shot 20210606 at 9.04.57 PM.png](https://images.hive.blog/DQmSg1m1tfy5bMBFqZymsxf6dhzEZ9mVPBi8MoURzo7Rvw7/Screen%20Shot%202021-06-06%20at%209.04.57%20PM.png)
***
In a [tweet published half an hour ago](https://twitter.com/nayibbukele/status/1401622548396314631), the President of El Salvador, Nayib Bukele, announced immediate permanent residence for crypto entrepreneurs.

On top of that, there will be no capital gains tax either, as it will be a legal currency. Another thing that I didn't know about El Salvador is that it doesn't has a property tax.

As expected, this starts to be a very interesting story.

I am not extremely enthusiastic about this, for the following reasons:

- South America, and El Salvador especially, is not famous for political stability. Even if the bill passes, opposing forces may enforce a coup and erase it

- the speed at which it unfolds tells me there will be an equal re-action from the establishment. And since a big part of the external debt of El Salvador is in USD, and it should be paid to US, we also know that US is not famous for proportionate reactions in countries where they have economic interests. Their reaction was disproportionate to the level of "war", most of the time. Last decades it was oil, now it looks like it might be Bitcoin.

I am moderately enthusiastic, for the following reason:

- sometimes, good things happen.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@dragosroua/immediate-permanent-residence-for-crypto-entrepreneurs)

👍 leo.voter, jphamer1, ecency, apshamilton, brianoflondon, spectrumecons, thebluewin, xxxxxxxxxxxxxxxx, mattclarke, danielsaori, hamismsf, zuerich, jpbliberty, tazi, steevc, penguinpablo, organduo, captainhive, teammo, therealyme, dragosroua, bluemist, toofasteddie, leofinance, yintercept, lloyddavis, stevelivingston, drakos, enforcer48, acesontop, khaleelkazi, alexvan, gimp, sharkthelion, sbi10, roleerob, netaterra, thomasthewolf, beta500, olumzy, bitshares101, yaelg, rtonline, hivehydra, taskmaster4450le, good-karma, funnyman, michealb, gadrian, darkflame, lbi-token, laputis, cryptonized, dante31, captainklaus, bucipuci, plantstoplanks, cakemonster, runningproject, mrhill, alphacore, sgt-dan, uwelang, vladalexan, and 245 others

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properties (23)vote details (309)

voter	rshares	pct
mangou007	147,057,480	5.89%
good-karma	45,164,788,859	4.61%
bitshares101	53,379,678,864	25%
jphamer1	10,205,452,874,845	100%
bert0	516,980,218	5.89%
steevc	340,364,332,127	21%
netaterra	78,411,272,473	3%
oldtimer	15,397,030,978	50%
mattclarke	735,017,334,154	50%
darkflame	36,308,151,980	100%
novacadian	18,517,559,144	75%
penguinpablo	330,609,425,887	6%
uwelang	19,329,482,556	2.5%
funnyman	44,903,796,716	2.4%
lloyddavis	147,012,472,335	100%
dragosroua	181,007,619,457	100%
ahmadmanga	3,225,767,977	35%
edb	15,467,613,818	10.5%
esteemapp	16,014,094,296	4.23%
alexvan	101,613,912,140	100%
steemitboard	12,662,276,324	3%
teammo	282,789,496,103	100%
danielsaori	665,237,593,888	100%
thatsweeneyguy	8,437,027,873	25%
aleister	10,380,117,678	7%
stevelivingston	125,878,172,395	50%
alphacore	21,866,498,342	1.81%
drakos	122,712,039,833	50%
spectrumecons	819,141,089,222	17%
joeyarnoldvn	545,411,709	1.93%
toofasteddie	175,092,946,728	35%
bluemist	175,806,430,852	100%
adambarratt	1,630,646,274	10%
dante31	28,433,683,613	25%
bucipuci	25,850,507,789	20%
khalil319	1,207,502,265	25%
jeanlucsr	17,556,990,192	10%
marketinggeek	1,037,676,511	50%
bahagia-arbi	10,337,637,869	50%
roleerob	82,682,019,917	25%
plantstoplanks	25,781,534,341	8%
rodent	1,788,871,795	9%
esteem.app	1,123,070,055	4.23%
khaleelkazi	109,081,963,215	50%
stevejhuggett	6,243,127,334	10%
vegoutt-travel	12,292,599,891	17%
flamingirl	336,976,654	5.89%
liverpool-fan	677,836,112	10%
sheikh27	621,676,728	100%
rtonline	47,235,290,083	55%
captainklaus	26,668,274,493	100%
mrhill	22,101,291,708	40%
dashroom	1,607,167,655	80%
not-a-bird	4,948,149,504	20%
tazi	444,153,510,550	100%
sgt-dan	19,364,347,388	10%
soluce07	2,921,822,658	50%
vladalexan	18,521,211,785	100%
cryptonized	34,762,273,127	6%
not-a-gamer	527,477,410	40%
gillianpearce	2,007,729,610	30%
purefood	7,717,185,126	50%
steemboat-steve	7,841,532,601	50%
investprosper	1,006,210,711	50%
thebluewin	788,333,758,214	100%
auminda	3,607,076,440	100%
runningproject	24,028,936,509	40%
organduo	305,762,398,752	50%
thomasthewolf	68,169,627,752	94%
onepercentbetter	7,878,621,245	6%
abrockman	1,780,990,394	0.75%
run.vince.run	8,258,464,607	20%
gadrian	42,285,919,095	25%
gogreenbuddy	17,035,272,921	100%
tresor	7,103,281,155	5.89%
acesontop	109,562,643,336	100%
enforcer48	121,808,700,776	15%
laputis	34,802,350,628	50%
merlion	366,020,099	6%
sourav76	0	0.9%
apshamilton	1,262,869,690,723	81%
yintercept	153,040,596,943	100%
olumzy	55,798,720,671	15%
gallerani	2,994,400,244	50%
rilo	3,758,990,882	25%
marivic10	543,833,538	1.5%
hamismsf	488,208,731,201	81%
zuerich	481,505,077,755	10%
yaelg	48,163,973,259	72.9%
raiseup	13,802,291,533	6%
triptolemus	920,026,425	50%
steemaction	8,032,391,779	6%
shepherd-stories	887,220,945	50%
brianoflondon	1,244,026,957,006	100%
memeteca	762,900,993	5.89%
michealb	44,863,832,297	100%
cakemonster	24,528,911,721	25%
sbi10	83,167,748,436	32.12%
jpbliberty	444,174,766,385	81%
khan.dayyanz	902,875,711	5%
charitycurator	2,341,188,115	5%
jacuzzi	810,436,714	1.2%
flyingbolt	3,637,634,491	50%
hungrybear	218,966,712	6%
hashkings	5,842,814,296	7.5%
engrsayful	17,663,895,372	35%
megavest	10,638,002,186	50%
haxxdump	114,781,612	10%
travelwritemoney	5,127,083,575	50%
treasure-chest	0	50%
mindtrap-leo	1,203,805,866	50%
leo.voter	33,567,542,130,590	50%
leo.curator	2,026,520,067	40%
vxc.leo	177,191,076	15%
leo.bank	1,342,708,725	50%
bala-leo	4,288,427,220	50%
good.game	14,224,524,671	100%
athomewithcraig	5,414,885,455	25%
learn.leo	1,114,969,031	50%
babytarazkp	3,668,796,745	40%
poam	1,163,434,537	49.5%
arctis	896,208,523	49%
taskmaster4450le	46,133,905,940	10%
eloi	937,316,461	49.5%
refinement	1,025,019,779	50%
furtherance	921,516,946	50%
beta500	56,695,829,066	50%
revise.leo	3,392,524,063	100%
sbi-tokens	710,699,483	0.62%
bastionpm	1,833,041,218	50%
mk-leo-token	206,221,436	100%
bilpcoinbot	593,067,226	25%
untersatz	9,420,973,469	50%
astraeas	535,828,946	50%
akpofure	943,870,891	50%
chloem	794,552,627	50%
leotrail	1,959,264,861	50%
tonimontana.leo	1,098,942,975	41.9%
therealyme	195,533,074,267	3%
oelgniksivart	840,682,825	25%
blocktvnews	627,802,441	50%
bilpcoin.pay	2,402,575,046	50%
autowin	1,002,246,072	50%
meosleos	991,723,611	49.5%
policewala	7,742,036,431	6%
tariqul.bibm	1,092,074,927	50%
rehan.blog	1,016,182,113	50%
sharkthelion	86,682,958,273	25%
gimp	101,316,879,935	12%
onestop	7,705,365,621	25%
xxxxxxxxxxxxxxxx	767,187,769,122	25%
dapplr	885,879,571	2.4%
leofinance	164,960,761,185	50%
beewolf	0	15%
ykretz	10,192,948,075	25%
bnk	7,816,554,010	5.89%
captainhive	304,443,995,882	17%
mynima	7,165,958,141	30%
ecency	1,511,923,239,976	4.19%
localgrower	791,602,617	5%
dealhunter	39,552,058	10%
beehivetrader	1,668,113,949	25%
ecency.stats	988,630,828	4.23%
leoneil.leo	228,297,110	50%
bamrepa	515,281,589	100%
intacto	6,244,896,581	1%
ztfo	1,088,560,161	47.5%
bepresent	908,713,566	47.5%
jobar	1,076,315,561	50%
kaef	970,876,834	47.5%
gcomplex	933,019,281	50%
integrated	1,039,350,902	50%
hanez	1,173,200,127	50%
minebb	962,396,430	48.5%
plasticsoul	1,005,866,692	50%
scrpt	968,196,931	50%
druma	1,011,925,041	50%
ropehold	931,667,207	50%
infihedge	1,082,872,176	50%
fitlet	622,708,432	50%
tokenx	912,290,771	50%
strk	929,430,743	50%
stackfi	1,049,667,831	50%
hemerit	965,733,676	50%
midtrain	910,789,357	50%
starle	935,612,768	50%
thorc	918,811,917	50%
basechain	915,119,721	50%
janku	895,551,869	50%
flowc	916,805,181	50%
psgood	973,336,314	50%
tv-d	917,029,809	50%
supersla	910,385,421	50%
alorian	918,550,417	50%
slat	916,679,491	50%
protoleo	917,437,969	50%
muski	934,616,560	50%
zxion	28,829,063	100%
netaterra.leo	1,551,031,220	45%
twrk	966,888,331	50%
eth2	992,015,392	50%
lbi-token	35,382,719,907	10%
tslap	992,651,055	50%
hodol	963,737,186	50%
theco	991,305,349	50%
muskland	993,180,773	50%
hochismin	974,893,379	50%
finleo	945,368,856	50%
givup	990,733,855	50%
etheru	1,002,975,866	50%
leo.tokens	4,463,853,408	50%
bynd	1,003,959,301	50%
elong	989,547,436	50%
logroll	1,021,994,965	50%
outperform	997,045,757	50%
perfi	983,808,374	50%
foreo	1,001,596,752	50%
bruton	1,008,584,890	50%
capsule	998,032,496	50%
sn8	999,253,232	50%
fundament	999,052,370	50%
v10r8	954,260,057	50%
index-a	980,288,878	50%
kropak	965,410,385	50%
bitbi	985,703,419	50%
cielitorojo	13,528,540,691	25%
feelfor	981,962,232	50%
mercador	969,022,307	50%
companyx	1,004,717,476	50%
hallogen	981,655,343	50%
hodldays	972,182,958	49.5%
mandawanda	1,001,310,408	50%
portfoliomargin	1,004,121,431	50%
fremo	969,989,781	50%
deliveries	957,947,937	48.5%
jackedup	936,723,286	48.5%
tierbtc	951,430,819	49%
dannychain	984,875,481	25%
larry21	4,478,905,326	6%
compoundin	966,914,378	49.5%
remenzer	8,301,199,002	100%
frankjr	980,616,756	50%
waiting8	967,524,217	48.5%
starked	960,070,500	50%
mk2	945,105,083	47.5%
ghostdrive	966,988,030	48.5%
thatbull	1,000,381,014	50%
heimdalla	983,004,541	49%
pitchleo	979,279,056	50%
hollywoodz	983,089,360	50%
zbh1	987,795,246	49.5%
blockhire	984,731,510	50%
f82	999,117,412	50%
natureway	998,030,122	50%
knowhere	984,291,524	50%
gamor	977,509,942	50%
dvision	984,713,685	50%
quantumant	997,643,544	50%
cvlwar	985,949,374	50%
sanctum	997,449,118	50%
challa	962,200,409	50%
apeople	993,929,976	50%
quantumblank	1,016,120,004	50%
rich0399	810,614,466	50%
endgames	1,161,571,541	50%
justbuild	995,617,885	50%
realleader	1,015,704,371	50%
gohodl	996,609,521	50%
leverup	969,523,156	48.5%
justcapital	1,001,702,294	50%
reflecting	1,000,917,066	50%
buildhedge	984,602,525	49.5%
elongate	1,012,043,875	50%
amongus	984,169,649	50%
elgatoshawua	2,068,619,933	25%
seevision	981,035,595	49%
yellowstone	1,002,372,758	50%
floobrecords	8,188,455,027	25%
runify	1,014,676,195	50%
luckyali.leo	1,810,593,695	50%
cybermusk	1,002,771,869	50%
star.leo	1,291,973,333	50%
cornerbreak	1,003,430,632	50%
findbalance	1,014,464,835	50%
saylorfy	1,033,386,479	50%
lasergang	1,003,269,464	50%
billionsight	981,747,406	50%
darkelon	1,002,388,960	50%
onemission	975,710,932	50%
totalrekall	1,007,921,053	50%
capitalcost	974,546,189	50%
efastromberg94	2,742,673,210	50%
stablefi	979,910,941	50%
ledg	1,013,112,392	50%
cryptololo	2,804,522,818	45%
ironhot	1,012,872,764	50%
mylioness	1,004,887,417	50%
pubgood	1,008,654,165	50%
samseny	566,756,660	25%
bitjoins	973,894,957	50%
blockdate	1,015,420,162	50%
impurgent	677,452,167	40%
tolf	1,007,654,713	50%
hodlmi	968,645,632	49%
optionfreedom	953,298,872	50%
selectyourself	997,630,407	50%
onealfa.pob	41,769,028	1.92%
robmojo.leo	1,447,047,869	40%
hivehydra	46,726,359,712	90%

@acesontop · Jun 6 '21

$0.06

An example to follow nevertheless. How funny would be for Iohanis to come up with an announcement like this one :)) 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-dragosroua-6ecdou)

👍 dragosroua, amr008.leo

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properties (23)vote details (2)

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dragosroua	0 B		172,980,503,448	100%
amr008.leo	0 B		828,125,292	23.18%

@dragosroua · Jun 6 '21

That joke deserved a full vote from me, sir!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@dragosroua/re-acesontop-tu9ry)

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@apshamilton · Jun 7 '21

This guy is already charting an independent foreign policy. He will be able to withstand US pressure as he already has Russia and China lined up to balance US interests. Now he also has the crypto industry.

See details in comment to my post. https://peakd.com/bitcoin/@apshamilton/el-salvador-to-make-btc-legal-tender-huge-international-implications-for-btc-taxation-and-accounting

properties (22)

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@apshamilton · Jun 7 '21

$0.03

While I understand your pessimism, President Bukele has an extremely strong political position - his party just won huge majorities in elections for Congress.

He has also resisted quite a lot of US pressure recently and is clearly bringing in other interests (Russia, China and now Crypto) to balance US interests and pressure.

This offer will be extremely attractive to Nomad Capitalists with crypto interests and will cause a flood of crypto related investment into El Salvador.

👍 dragosroua

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@dragosroua · Jun 7 '21

Don't get me wrong, I would be very happy if this happens.

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@apshamilton · Jun 8 '21

I've done a further deep dive into this topic https://peakd.com/elsalvador/@apshamilton/el-salvador-and-btc-deep-dive-on-momentous-impacts

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@brennanhm · Jun 6 '21

$0.03

It all boils down to how bad the people want it.

👍 dragosroua

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@ecency · Jun 6 '21

Your content has been **voted** as a part of [Encouragement program](https://ecency.com/ecency/@good-karma/encouragement-program-continues-82eafcd10a299). Keep up the good work! <br><br>Use Ecency daily to boost your growth on platform! <br><br><b>Support Ecency</b><br>[Vote for Proposal](https://hivesigner.com/sign/update-proposal-votes?proposal_ids=%5B141%5D&approve=true)<br>[Delegate HP and earn more](https://ecency.com/hive-125125/@ecency/daily-100-curation-rewards)

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@empress-eremmy · Jun 6 '21

$0.03

Let us watch as it all pans out. I also expect some for of backlash, or at least a reprimand from the powers that be but we'll see. If this does scale through though, then I expect a few more countries to follow suit by next year

👍 dragosroua

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@gillianpearce · Jun 6 '21

$0.03

I don't really get how this can work globally if other nations treat bitcoin as an asset rather than a currency. That seems to be an important distinction from what I've learned recently.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gillianpearce/re-dragosroua-2dca1z)

👍 dragosroua

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@apshamilton · Jun 7 '21

$0.04

Once one country recognises BTC as legal tender it become foreign currency for all other countries. Read my post: https://peakd.com/bitcoin/@apshamilton/el-salvador-to-make-btc-legal-tender-huge-international-implications-for-btc-taxation-and-accounting

👍 dragosroua, friendsofgondor, misterengagement, gillianpearce, abh12345.neox

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@gillianpearce · Jun 8 '21

Interesting stuff. I've already posted your link on another post. &#128513;

!ENGAGE 20

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gillianpearce/re-apshamilton-5iihpe)

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1 reply

@misterengagement · Jun 8 '21

<center>  Thank you for your engagement on this post, you have recieved <code>ENGAGE</code> tokens.</center>

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@dragosroua · Jun 6 '21

It won't work globally just yet. But it will work in El Salvador, which is still a sovereign country, and can decide on whatever monetary policy they want. If they want to use rocks as legal tender, they can do that.

👍 captainklaus, gillianpearce

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@gillianpearce · Jun 6 '21

Ah. I see. Got it. &#128522;

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gillianpearce/re-dragosroua-7uasnw)

👍 amr008.leo

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@sheikh27 · Jun 7 '21

That's a great announcement for all crypto entrepreneurs who are now in a register a property at El Salvador, it announced in twitter by the president. So, new and more possible way for the BTC for its stablishment.

👍 dragosroua

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@toofasteddie · Jun 6 '21

$0.07

Smart guy indeed

👍 acesontop, dragosroua

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