That house he says he bought in el Salvidor is apparently in costa rica https://www.point2homes.com/CR/Home-For-Sale/Puntarenas/Garabito/Playa-Hermosa/Valle-Perdido/Modern-Oceanview-Costa-Rica-Home-in-Gated-Community/102074297.html
fun fact : Costa Rica is one of the very few countries without any army…
Its a lovely country with lovely people too.
it sure is, pura vida!
Also spent that budget on a rain forest and now have that. Seems wise to me
Bitcoin becomes legal tender in #ElSalvador:
With 62 votes, the legislative plenary session approves the #LeyBitcoin with which El Salvador adopts the #Bitcoin as legal currency.
#LaNuevaAsamblea keep making history!
I’ve been wondering for a long time which country would do this first.
Also, how well financially a country will do if they held bitcoin reserves.
Going to watch El Salvador with interest.
My understanding is that now because bitcoin is legal tender in at least 1 country, per US law if your transaction using bitcoin involved a gain under $200 it does not need to be reported.
This opens the door to using bitcoin as payment without horrendous accounting and tax obligations.
Will it actually go this way?
Edit: apparently not much to be excited about yet in that regard.
I’m interested to know if this affects UK law on Bitcoin and possibly other tokens.
Except the Bitcoin transaction tax because node operators didn’t want to buy a bigger hard drive
Seriously though, this is huge news and a massive step for all of crypto. I’m sure this won’t be the last country to adopt Bitcoin / crypto, and for smaller countries who want to attract rich Entrepreneurial people, it’s a great strategy.
If you mean cap gains wise , I think not.
Cap gains are due on foreign currency gains unless you bought them to spend abroad.
Thanks. That’s what I expect, but I’m asking a more general question as well.
Inevitable, but here it is from El Salvador’s president:
Bitcoin and Ethereum mining will be erupting in Central America.
sorry… but it had to be done.
If it irrupts miners go
NMI error, sorry
I’m no physicist, and maybe it’s just because I’m from a cold country, but I just don’t see why all that mining heat has to go to waste. How the energy is produced is important, for sure, but isn’t that a separate issue?
moon centre of the earth
Which country will be the next domino to fall?