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Posted on 01/02/2014 8:26:52 AM PST by Errant
Many people dream of quitting their job, collecting their bags and jetting off to a tropical paradise forever. Many people dream, but few people act. Gregory Simon is one of the few who decided to act.
This year he moved to Nicaragua and bought a 0.3-acre plot of land with bitcoin.
Just minutes from the beach in an area of San Juan del Sur called Paradise Bay, he’s hoping to build a home there with his girlfriend.
“By using BTC we were able to complete the transaction quickly with no need to involve banks or other third party intermediaries. I don’t know yet what the house design will be, my girlfriend and I will be designing it together in the coming months,” he told CoinDesk.
A former banker, Simon first travelled to Nicaragua in mid-October after quitting his job in institutional equity at the end of 2012.
(Excerpt) Read more at coindesk.com ...
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Bitcoin for me may be the sign that governments world wide have been losing authority to govern for a long time now.
People will always move to the freest economic model they can find.
I hope he enjoys his "paradise" in Nicaragua.
He apparently hasn't learned that more relationships break up over building/renovating differences of opinion than over affairs!
One of the problems in Nicaragua is that they have an interesting court system and police system. Think corruption and if you are in possession of a piece of property and the police don't feel obliged to move you off it, its yours to use as you see fit.
When I was last there I saw “beach homes” that had been abandoned in various states of construction. Some had squatters living in them, others were just vacant.
Nicaragua is not a country I would want to go to live in as a foreigner. Oh, and when I was last there, it was clear that the ruling party doesn't care about the people, only about making sure rebellion doesn't sweep the rulers out of office. Nicaragua was deeply in debt to Venezuela, and not the economic wheels are coming off that bus, so Nicaragua is in for hard times and that could spell civil unrest.
I don't want to be on any bit-coin bump list.
Anyone who would move to a country without the rule of law is a fool.
Especially when they’re already living in one! lol
My goal was to retire in Honduras, that is, until the drug lords took over.......My BIL is from there and the only way he vacations there now is via a direct flight to Roatan........They won't step foot on the mainland.
Well duh. All he did was pay cash for the property. No mortgage so no banks. You can do that with fiat money.
“Anyone who would move to a country without the rule of law is a fool.”
****
You don’t have to move. The U.S. has been without the rule of law. Obama, Roberts, and Holder have made sure of that.
If I was going to “drop off the face of the earth”..... it wouldn’t be to Nicaragua. Costa Rica maybe :) Looked into that once.
Would be a luxury home in Nicaragua!
Or Detroit
Some of us knew that before 2008, see my post #23 from Jan 2009.
http://www.freerepublic.com/focus/news/2173300/posts
“Welcome to New Kenya”
“Where the law of the jungle has replace the Law of the Land”
23 posted on Wed 28 Jan 2009 06:42:31 AM CST by Texas Fossil
Wow, that's great. No real estate agents or escrow, no mortgage company, no closing costs, no title insurance, no commissions, no taxes ...all whisked away by digital tech.
0.3 acres. ??? You can’t even build a decent sized Jackhouse on that.
“By using BTC we were able to complete the transaction quickly with no need to involve banks or other third party intermediaries.”
The same thing goes for cash. Just try that in the USA and see what happens! try to buy a house in the USA using bitcoins. Be sure to post your experiences here for all to laugh at.
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