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RE: I'm Moving to Paradise on Jan 1 and Will Legally Pay No Tax on Cryptocurrency Gains! True Story!

I’ll try to write out a more formal update over the next week or so, but I thought I’d try to answer your initial questions here. We actually only officially moved down on Dec 30, 2017, but we’ve spent a lot of time here over the last several years preparing for our move, so we’re fairly familiar with things. I haven’t made any connections in the crypto space yet, but I understand that the crypto community down here is booming. There’s a small but growing and active community of miners, developers, traders and HODLERS. I foresee that PR will become a hub for crypto projects thanks to its incentives. The economy here has been in a recession/depression since 2006, so the job market reflects that fact. Honestly, it’s not robust. That has little impact on someone like me (since all my customers are on the mainland, I’m as busy as ever), but it could impact someone who is hoping to move here and find a job serving folks here on the island. We moved here post-Maria, but I have to say that things are far, far, better than we expected, at least in the area where we live (Condado) and in the areas we’ve visited so far (Old San Juan, Dorado, etc.). I don’t want to diminish the signficiance of the challenge in other areas of the island (only about 60% of the population has grid power currently), but even there many are getting by with generator power. The percent of the population that actually has zero access to power is actually quite small. In the long run, Maria will actually be a net positive for Puerto Rico (it demolished lots of outdated and decrepit infrastructure that must now be replaced with something more reliable). PR as a whole is not growing. Quite the contrary. It’s population was about 4 million prior to 2006. It declined to about 3.5 million pre-Maria. It’s probably down to about 3.2 million now. But parts of the island are seeing remarkable and robust growth (Condado, Dorado, Rincon, and several others) thanks to wealthy people moving to the island as a result of the Act 20/22 incentives. But even the nice areas of Puerto Rico are still “gritty”. If you’re not okay with dirt, graffiti, unlevel sidewalks, etc., it’s definitley not the place for you. We actually LOVE that as we find it to be more authentic than suburban living on the mainland. We’ve not filed our taxes yet, but will be within the next few months. Yes, it’s every bit as magical as our posts indicate (and more!), and also gritty and cumbersome.