Topic: An International Summit of Cryptocurrencies on North Korea to be held in 2019. - page 2. (Read 604 times)
November 27, 2018, 09:41:06 AM
I would like to attend this event. But by 2019, the cryptocurrencies may inevitably collapse in value.
November 27, 2018, 08:39:58 AM
I dont know what to think about this.
But I find it as a bad thing rather than good.
We know how North Korea had been running their government and their restrictions are way too much. Also, it is like they control everything there.
In a different kind of view though it will a good usage if it will just be for their country. Why make a summit for it. Let it stay with the meeting from their officials on their own country. Besides, they dont really care what others will say.
It is a bad thing, there is no other way to look at it, all this does is increase the odds of other governments being anti crypto due to unscrupulous characters using it like the North Korean leadership, we all know it won't be their starving citizens using it. But I find it as a bad thing rather than good.
We know how North Korea had been running their government and their restrictions are way too much. Also, it is like they control everything there.
In a different kind of view though it will a good usage if it will just be for their country. Why make a summit for it. Let it stay with the meeting from their officials on their own country. Besides, they dont really care what others will say.
November 27, 2018, 08:13:50 AM
I dont know what to think about this.
But I find it as a bad thing rather than good.
We know how North Korea had been running their government and their restrictions are way too much. Also, it is like they control everything there.
In a different kind of view though it will a good usage if it will just be for their country. Why make a summit for it. Let it stay with the meeting from their officials on their own country. Besides, they dont really care what others will say.
But I find it as a bad thing rather than good.
We know how North Korea had been running their government and their restrictions are way too much. Also, it is like they control everything there.
In a different kind of view though it will a good usage if it will just be for their country. Why make a summit for it. Let it stay with the meeting from their officials on their own country. Besides, they dont really care what others will say.
November 27, 2018, 08:08:24 AM
Well we cannot rule out the possibility that this exclusive event is for people who can help them. Although we have seen some kind of peace offering to their Southern counterpart the cryptocurrency industry might be there edge in terms of improving their country economically. Also the possibility of no news spreading is low even without the media as delegates will be from around the globe and I think it won't be avoided sharing their experiences to other people once the summit event has been finished.
November 27, 2018, 08:03:26 AM
It is not clear how a country like North Korea will use Bitcoin or other cryptocurrencies. They have huge restrictions on the use of the Internet, what to say about cryptocurrency.
They'll probably announce their own coin or a fork of Bitcoin called Korea coin or some bullshit and everyone will watch the first completely centralized and dictatorship controlled crypto that doesn't have an explorer. November 27, 2018, 08:01:42 AM
It is not clear how a country like North Korea will use Bitcoin or other cryptocurrencies. They have huge restrictions on the use of the Internet, what to say about cryptocurrency.
November 27, 2018, 07:50:49 AM
This has to be a joke right? No one would ever go to such a conference except possibly Chinese crypto companies. Unless the US and NK have normalized relations this is a stupid thing.
November 27, 2018, 07:45:39 AM
It's very strange that communist countries are getting more and more interest in cryptos than many countries which ar so well developed in Europe or states in USA are ignoring that
November 27, 2018, 07:39:52 AM
All the Internet traffic in North Korea is routed through China and it is very restricted but available, and It is 100% probable the government is watching everything you do with it. 
Hong Kong to be exact, and that is also their financial gateway towards the outside world as well.
Going back to the topic, I find it hard that the North Koreans will be holding a crypto summit, and an international at that one, for something they don't seem to be connected with (or at least we don't know). It's like the secretive nation of communists are trying to reach out in the outside world by staying hidden within the shadows (bitcoin). While this might not seem to be positive, the end result is that it's just the government who will benefit from this in the long run and not their citizens, sadly.
I'm interested as to how will things pan out.
November 27, 2018, 07:11:48 AM
I don't think any exchange can accept North Korean currency to buy crypto, and North Korean banks don't allow ordinary people to exchange dollars, so crypto is hard to be exposed to ordinary people in North Korea.
Maybe only some of their Official have a way to get crypto.
Maybe only some of their Official have a way to get crypto.
You are right they are very strict when it comes to their people, I don't know if they will let a group or ordinary people trade in exchange, the most likely that is going to promote and use cryptocurrency in that country is the government official and it's a good news North Korea is joining the crypto community.
November 27, 2018, 06:39:39 AM
this is weird! they force deep censorship on almost anything, even on people's personal lives, and they want to host crypto conferences!
November 27, 2018, 03:45:40 AM
I don't get it. They don't allow the Internet to be used on the public, then how can they possibly use Cryptocurrencies? Is it only the government exclusive thing?
Yes,i assume that only the communist elite will have the privilige to use cryptocurrencies.
Perhaps they will use cryptos as a tool to bypass the international sanctions over North Korea,when it comes to financial transactions.I remember that a few bank accounts in Asian banks,that belong to North Korea were blocked a few years ago.
If that happens I think that's unfair and they just become selective for the crypto users. And if they don't allow the internet to be used in public it means those people who can avail that opportunity are the elite people to their country. Sounds that their going to do something which I think they want to know the public citizens but I'm not sure for this things anyway.
November 27, 2018, 03:07:34 AM
Lol! It sounds similar to "Modi government to host an Eid party" when they want to showcase the world that they are secular.
Beware! the delegates may not leave the country after the summit is over as Kim Jong Un may want to keep some of the knowledgeable delegates at his own zoo to mine cryptocurrency for him!
Beware! the delegates may not leave the country after the summit is over as Kim Jong Un may want to keep some of the knowledgeable delegates at his own zoo to mine cryptocurrency for him!
November 27, 2018, 02:50:43 AM
Jews are not allowed?! Are they serious, i can understand about the south koreans, possibly the japanese, but jews is a bit too nazi like. Doubt there will be a big turn out for that anyway
He he yes it is weird. What have the jews done to North Korea?
November 27, 2018, 02:40:42 AM
Jews are not allowed?! Are they serious, i can understand about the south koreans, possibly the japanese, but jews is a bit too nazi like. Doubt there will be a big turn out for that anyway
November 27, 2018, 02:27:05 AM
I just can not understand whether the North Korean government wants to use crypto, or the North Korean people are trying to use it. Because the people of that country have restrictions on internet usage. North Korean government wants to introduce crypto to hide its own corruption! Think of it now?
This is my personal opinion. If the North Korean government gives its citizens the chance to use it, then I would like to thank the North Korean government.
This is my personal opinion. If the North Korean government gives its citizens the chance to use it, then I would like to thank the North Korean government.
November 27, 2018, 02:03:35 AM
I don't think any exchange can accept North Korean currency to buy crypto, and North Korean banks don't allow ordinary people to exchange dollars, so crypto is hard to be exposed to ordinary people in North Korea.
Maybe only some of their Official have a way to get crypto.
Maybe only some of their Official have a way to get crypto.
November 27, 2018, 01:28:10 AM
I don't get it. They don't allow the Internet to be used on the public, then how can they possibly use Cryptocurrencies? Is it only the government exclusive thing?
Yes,i assume that only the communist elite will have the privilige to use cryptocurrencies.
Perhaps they will use cryptos as a tool to bypass the international sanctions over North Korea,when it comes to financial transactions.I remember that a few bank accounts in Asian banks,that belong to North Korea were blocked a few years ago.
November 26, 2018, 11:33:11 PM
All the Internet traffic in North Korea is routed through China and it is very restricted but available, and It is 100% probable the government is watching everything you do with it.
November 23, 2018, 08:03:38 PM
I don't get it. They don't allow the Internet to be used on the public, then how can they possibly use Cryptocurrencies? Is it only the government exclusive thing?
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