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Hey guys so i am going to be writing my experience about using bitcoin in el salvador, this is going to be a live-in struggle where i will tell you the good, the bad and overall tell you the real cypherpunk experience that satoshi envisioned for us, so maybe let me start by giving you a little bit of my backstory, if tldr bitcoin needs to improve before it gets more adoption and people need more motivation or more reasons to fight central banks, now lets start first i hope hope you enjoy what i am about to tell you and overall i want to clarifie my story is just a drop in the ocean of storys of how bitcoin changed the world for a lot of us but i still want to tell it so people know there is still a road long ahead of us and telling you my individual granite to achieve a bitcoin world.
I found my first job translating crypto related things, specifically about bitcoin and monero, its funny but i wish i could have bought this back in 2012 when i first heard about it however it was hard back then and i wasn't too literate in computers, however in diferent parts of my life i always wanted to buy bitcoin, i was interested in 2015, then again in 2018 and finally in 2021 when i saw the first time bitcoin reaching 50000$ i knew i would be incredibly stupid if i didn't buy in so i invested like 300$ around december 2021. Trust me those first 300$ i was so happy when i finally managed to buy it in a peer to peer way, i don't know why or what happened but the banks in my country didn't allow me to buy bitcoin in traditional exchanges like binance or coinbase so i said fuck them and did it the right way with bisq.
Long story short i was happy about the results for all of december 2021, it was so hard to finally get bitcoin however i wasn't prepared for the downtrend of the economy because i didn't know important was the decision of the fed to raise interest rates which fucked up the global ecomomy, initially i thought putting some of that money that i put into bitcoin into shitcoins like solana would give me a lot of money, i wondered if people are gaining stupid ammounts of money investing into stupid jpgs with ugly images of monkeys then i should be getting into nfts as well.
2022 was probably the best red pill for me about most of crypto, most shitcoins are just washtrades, ponzi schemes, shitcoins like miami coin or solar coin became worthless and werent necessary for their intended goal, its clear etherium is just more jp morgan garbage and its slow, centralized, clunky, high fees, its just shitty as fuck; nfts are worthless as well maybe we could tokenize assets in the future but the value of your overvalued monkey jpg is nothing more than garbage but at least garbage has utility because you can burn it and get energy from it overall i think ape yacht club has hurt crypto more than any other project because while it brought new users seeing it rise has also hurt the brand of crypto, maybe in the end we will just laugh when the monkey jpgs finally become a thing of the past and people stop making endless bad copys of the original sin of crypto which for me was either ape yacht club or cryptopunks.
If i went on a tangent sorry but i am happy i can express my feelings pseudoanonimously, going back to bitcoin and leaving the rest of the shitcoins away from the conversation i knew if i wanted bitcoin it was just better to get a job in something related to bitcoin and get paid from it which is what i did and thats where we are today.
Ever since the first moment i read about bitcoin, the history of central banks, the history of the colonization of my country, the wars, the imperialism, the disgusting reality that affects us all in our daily life due to the imperial nature of fiat money specially the us dollar i wanted to see with my own eyes how could a circular economy of bitcoin work so this is why i decided to go to el zonte, here i understand thats where the movement started and eventually became legal tender as a national currency in el salvador, next to my home country, of course in this diary i will also tell you the bad for example i noticed here a lot of people don't know or don't care about bitcoin, its accepted as legal tender but a shit load of stores don't accept this, good luck if you didn't bring any dollars.
So this are my thoughts from day 0, yesterday before i came in and day 1 are my thoughts from today now that i am here.
Day 0:
Well i am excited i will take a shuttle directly to bitcoin beach, i want to see a real idea in action some people accept bitcoin in nicaragua but its hard to get paid by it and its less common, there are some places in our beaches that accept it in but nothing too remarkable, also i have some bitcoin fonds so lets see if i can sustain myself on bitcoin, i bring 40$ in physical cash, just in case that well nobody accepts bitcoin.
Day 1: Well i left around 3 am from leon, the travel time took like 6 hours and i didn't sleep the entire night so i am just tired about this. Some things to notice, if people are serious about a future where the nation state is diluted or less powerfull borders would need to become less enforceable, maybe technology would need to progress to become faster, cheaper, harder to track something like elon rockets if they become effective enough to substitute traditional trucks then its over for traditional 3 power democratic power structures, if i have to describe my experience of the frontier overall my experience in the frontier was really good no problem, the rumours that el salvador feel safe are true, the sovereign individual fully predicted that invididuals in the future will choose their living place depending on the protection they can recieve for the lowest price available which i suppose its why bukele wants el salvador to become the bitcoin hub for the future, i never went before to el salvador before so this a new experience for me, its exciting but at the same time a little bit hard, for example Finding the right hostal has been a little bit hard because well first i was tired and second i was looking for the closest one to stay but the guy only accepted the shitcoin of the us dollar and well he didn't even give me a change of my money because he told me oh its 30$ but if you lose my keys now i can use that extra to pay those keys, understandable but yeah i needed that money. So basically i am now without dollars, so i paid the guy and finally i got some deserved sleep, i want to sleep more but i will do it in the night, i have to say the bathroom was fucking horrible and no paper, sorry for shitting on this guy but i will find another hostal tomorrow still things turned out a little bit later when i decided to go and see the local people and see what stores accept bitcoin, i have to say i spected more people to use bitcoin but i was still happily surprised that yes if you come with only bitcoin you can happily only use that, i have only walked to 3 stores, 2 didn't accept bitcoin but the third one did accept bitcoin and i was so gratefull for it, maybe i should have brought more dollars but personally i don't want to use that shitcoin, i don't want to use my local shitcoin either, the fiat money system bores me and i want to get the fuck out of it, i want to be a builder i don't want to be part of an economic system that fucked the development of central america and that fucked japan with the plaza accords, i am not motivated by working a miserable job where i will just be another cog in the perpetuating the wheel of central bankers i want to be part of a new shiny decentralized system that tells the goverment to fuck itself and tell the rulers of our world that little by little we will go back to a greek system where politicians couldn't simply extorsion out of peoples money but simply ask for their benevolence and charity from the people, that happened thousands of years ago nontheless that will be the future that i am excited to be part of it.
Thank you for reading this, i hope you enjoyed reading this as much as i did writing it and and i hope you enjoy reading this diary which i haven't decided if i will write everything here or just make a blog or something, this diary will last 6 days.
Thanks for posting this! I look forward to ready the next installment. Good luck in your travels. You are a real bitcoiner.
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Awesome man, I'm from El Sal myself. Glad to see you're doing well there.
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Looking forward to your next posts!
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Please include TLDR
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pilgrimage, nice.
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You bring up a very interesting point that I will try to remember in my discussions about the potentials of El Salvador. The ability for someone to buy bitcoin in their home country, instead of buying dollars, opens a great opportunity for Cost-Averaging into bitcoin, and potentially gaining purchasing power when traveling or living in El Salvador. I think inevitably more and more businesses will accept bitcoin, as more and more tourists come asking to pay in bitcoin. I notice to get from Leon to El Salvador you have to pass through Honduras. Is that a process that requires you to present documentation at a border crossing? Where did you arrive to in El Salvdaor, and did you consider calling businesses ahead of time to see about prices and rooms?
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Yes it was relatively simple for me maybe because i came with a shuttle i think with a normal bus maybe more background checks but nontheless it was easy.
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Would like to hear more about acceptance of Bitcoin as payment in the coming days - what type of places are more likely to accept it, are they happy to take it, or do they feel 'forced' by the legal tender legislation, do they pay other businesses with it, or only convert to USD or somesuch ?
To get a feel for the mood of the place regarding Bitcoin, their understanding (or not) of what it offers, i mean.
Also, are people optimistic more generally about the direction things are going - do they feel good about the economy and the future as a result of Bukele's Govt, or do they have any worries about his actions?
If you try to get a few people chatting as you go about your business there, it could give us at least something of a personal level view of how things are going.
Good work , good luck.
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You need to be willing and open to new technologys, it helps bitcoiners have more money than the average person, i wonder if i should go to other parts of el salvador i would like to see if i could see myself surviving in el salvador capital, here really you can fully live in bitcoin without ever touching the us shitdolar, you can buy food here with bitcoin, you can live in hostals with bitcoin and you can buy water with bitcoin, thats all you need.
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.