low time preference on moving yourself about is highly advised when you spend time here, if budget is constrained. I nearly killed myself on it and still am suffering physically from using my legs to get me around. It is no joke how ripply this land is, or how vertical the settlements are. Put it this way, I'm only about 20km as the crow flies from Funchal right now and the taxi fare is 40 euros. I'm poying typically 36 euros a night for airbnb's in this location. Typical rent for a one person dwelling here on the bottom end is around 750eur/month, even out on the margins here.
The transport costs are just baked into the geography, but the banks have screwed the people here with incredible real estate price inflation, and it's one of the biggest gripes that madeirenses have about their lives, second biggest gripe is all the rude tourists. The subjects both feature regularly on the front of local newspapers.
Albaquerqe clearly sees bitcoin as a way out for this place. I think he sees it right, but it's gonna take time to happen.
My new landlady told me she has had a lot of dealings with bitcoiners in the last year or so. We are definitely part of a growing demographic of migrants.
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