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1 sat \ 0 replies \ @ElSalvadorVisas 4 Jul 2023 \ on: Bitpac: Publicly auditable cooperatives on bitcoin bitcoin
Very cool - great work!
So a lot of people fear using fundraising platforms because they are worried about being 'canceled' and losing access to the funds they raise. What's Geyser's take on that situation?
If you are from a Central American country, you must be a resident for three years, if you are from anywhere else, five years. If you marry a Salvadoran national, two years. While you are a resident, you must spend >50% of your year in-country (extenuating circumstances may apply).
Applying for residency can be complex, but essentially you fill out a form, provide several documents, and immigration issues you a one or two year visa depending on the program you apply for. More info here: https://escapetoelsalvador.org/residency-options/
President Bukele is the most popular head of state in the world, by a large margin. There is no concern locally over whether he will retain power. The IMF is definitely a concern, but I am optimistic about the Volcano Bonds. Until they are ready, there really isn't a point in discussing it - since it is all speculation.
Well, I can't speak to every concern... But my experience has been that medical care (if you are talking about the time a doctor spends with you understanding and treating your issues) is actually much better than the United States. The problem is access to more recent or high-tech machinery. For anything other than basic operations, I'd probably grab a ticket to the US/Mexico/Cuba - which is fairly cheap and fast. Where I live (in the capital) municipal water is treated and of high quality, but many people buy bottled water anyway. I have high-speed internet with few issues - and I could even get fiber gibabit if I wanted to pay extra, but again, I live in a better part of town. We probably lose power for a few minutes to an hour once every other month. The roads are of poor quality compared to the US or Western Europe, but are equivalent to many other parts of the world. Poverty is an issue, but that's true everywhere - there are households in Mississippi/Louisiana/Arkansas that don't have the basic services one would hope to have. Crime honestly isn't very bad where I am. In the more rural parts of the country it can get sketchy, but things are rapidly improving. Puerto Rico is nice too, but you are still a US citizen, and the IRS is very powerful. I suspect its power will grow as the strain of hyperbitcoinization is felt over the next few decades. Hopefully more places do adopt Bitcoin as legal tender, but for now, that certainly isn't a given.
Just my two cents :)
You can def come and sell products you make without having to make a formal company. You can do what in other countries would be called a 'sole-proprietorship'.
Doesn't work like that. You have to get residency first, then spend some time. You can't simply buy a passport. There are places that do that, but this isn't one of them.
Well, it depends on volume, I guess. None of the street vendors have electricity, so you are looking at tiendas (small shops that would be more trouble than they're worth) and bigger stores, like superselectos or walmart, but then you're playing the margin game. What kind of volume are you talking about?
There is definitely a lot of negative perception to overcome. I've lived all over and I think it's a pretty normal place. Just remember what you see on the news is not what real life looks like - and that is true no matter where you are!
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