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Man Uses Bitcoin to Buy a Piece of Paradise in Nicaragua
Coin Desk ^
| 2 January, 2014
| Kadhim Shubber
Posted on 01/02/2014 8:26:52 AM PST by Errant
click here to read article
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1
posted on
01/02/2014 8:26:53 AM PST
by
Errant
To: Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; Lee N. Field; DTA; ...
Click to be Added / Removed.
2
posted on
01/02/2014 8:27:23 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
3
posted on
01/02/2014 8:30:38 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
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.
4
posted on
01/02/2014 8:33:44 AM PST
by
Bayard
To: Errant
From the article:
The current banking system is beyond immoral. It takes advantage of the most helpless and poor people on earth, he said, explaining why he left banking after a 12-year-career. I hope he enjoys his "paradise" in Nicaragua.
5
posted on
01/02/2014 8:34:49 AM PST
by
HarleyD
(...one of his disciples, whom Jesus loved.)
To: Errant
I dont know yet what the house design will be, my girlfriend and I will be designing it together in the coming months, he told CoinDesk.He apparently hasn't learned that more relationships break up over building/renovating differences of opinion than over affairs!
6
posted on
01/02/2014 8:36:10 AM PST
by
JimRed
(Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
To: Errant
Nicaragua has some “interesting” concepts in regards to property laws and the right to “own” property.
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.
7
posted on
01/02/2014 8:36:58 AM PST
by
Robert357
(D.Rather "Hoist with his own petard!" www.freerepublic.com/focus/f-news/1223916/posts)
To: Bayard
8
posted on
01/02/2014 8:37:26 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Robert357
Anyone who would move to a country without the rule of law is a fool.
9
posted on
01/02/2014 8:39:40 AM PST
by
Eric in the Ozarks
("Say Not the Struggle Naught Availeth.")
To: Eric in the Ozarks
Especially when they’re already living in one! lol
10
posted on
01/02/2014 8:50:13 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Robert357
Nicaragua is not a country I would want to go to live in as a foreigner.
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.
11
posted on
01/02/2014 8:57:21 AM PST
by
Hot Tabasco
(Miss Muffit suffered from arachnophobia.....)
To: Errant
...By using BTC we were able to complete the transaction quickly with no need to involve banks or other third party intermediaries...Well duh. All he did was pay cash for the property. No mortgage so no banks. You can do that with fiat money.
12
posted on
01/02/2014 8:57:39 AM PST
by
FReepaholic
(Stupidity is not a crime, so you're free to go.)
To: Eric in the Ozarks
“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.
13
posted on
01/02/2014 8:57:52 AM PST
by
peyton randolph
(Tagline copyright in violation of Directive 10-289)
To: Errant
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.
14
posted on
01/02/2014 9:03:47 AM PST
by
kjam22
(my newest music video:http://www.youtube.com/watch?v=l7gNI9bWO3s)
To: Errant
He could have stayed here and got a house for free:
Would be a luxury home in Nicaragua!
15
posted on
01/02/2014 9:04:24 AM PST
by
bigbob
(The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
To: bigbob
16
posted on
01/02/2014 9:06:52 AM PST
by
Vaduz
To: peyton randolph
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
To: Errant
"By using BTC we were able to complete the transaction quickly with no need to involve banks or other third party intermediaries." 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.
18
posted on
01/02/2014 9:10:56 AM PST
by
Baynative
(Got bulbs? Check my profile page.)
To: HarleyD
0.3 acres. ??? You can’t even build a decent sized Jackhouse on that.
19
posted on
01/02/2014 9:14:40 AM PST
by
Venturer
(Half Staff the Flag of the US for Terrorists.)
To: Errant
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.
20
posted on
01/02/2014 9:15:08 AM PST
by
I want the USA back
(Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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