Topic: CRYPTOCURRENCY IN NORTH KOREA - page 4. (Read 736 times)
As far as I know, the vast majority of the population of North Korea don't have access to global Internet. Internet connection is a privilege of a very narrow circle of people who have the power over others. The others have to use the internal network (Intranet), which has only websites approved by the ruling party. I doubt that they are able to use cryptocurrency, they even can't download any wallets or run a full node. Being in such conditions, there is no possibility for them to obtain financial freedom through bitcoin. But those who have opportunities to use crypto don't need freedom whatsoever.
Hello guys, so I am just sitting here and wondering how the people of the North Korea are fairing as regards the huge benefit cryptocurrency has brought to every people. I don't get to hear of any development from that isolated nation bordering South-Korea. I understand the will of the people is heavily subverted by their maximum leader otherwise nicknamed The little rocket man. I read of how poverty is ravaging that nation, freedom for her people to trade cryptocurrency can turn the tides around as it's doing in some poverty stricken nations that the people have embraced bitcoin and its benefit. Do these people even have access to any exchange in the world? and can they safely convert their crypto asset to their native currency and withdraw same without offending The little rocket man? I once read exchange hacking have been traced to NK, meaning some crypto activities are going on there.
I am just concerned on the freedom cryptocurrency brings could be extended to this nation.
I am just concerned on the freedom cryptocurrency brings could be extended to this nation.
A cryptocurrency in North Korea?!?Are you kidding me?
Only the North Korean communist and military elite have computers with access to internet.
Exchange hacking have been traced to North Korea,but that doesn't mean that there are any crypto enthusiasts in that country,only some hackers working for their totalitarian regime.
The "little rocket man" would invest more into rockets and weapons,instead of adopting blockchain technology and cryptocurrencies.
The majority of the citizens are already deprived of their daily needs, there's no way they'll venture into Bitcoin until a change of leadership takes place. With all the censorship, I even doubt they have Internet access there, let alone knowledge on Bitcoin.
With the recent news on his health issues, it's highly likely his sister would take over. But then, we won't know if she'd follow his path or start opening up to other countries. If the latter happens, it'd be interesting to watch.
With the recent news on his health issues, it's highly likely his sister would take over. But then, we won't know if she'd follow his path or start opening up to other countries. If the latter happens, it'd be interesting to watch.
The said crypto activities must be highly limited to Pyongyang and probably a major city or two more. All this must also be strictly sanctioned by the government, or perhaps even directly involving the government itself.
Cryptocurrency cannot bring freedom to a place where majority of the people are too poor to even own a smart phone, where internet is limited to the government and a few powerful people perhaps, where stable electricity is not even existing, and so on and so forth.
Cryptocurrency cannot bring freedom to a place where majority of the people are too poor to even own a smart phone, where internet is limited to the government and a few powerful people perhaps, where stable electricity is not even existing, and so on and so forth.
We all know that North Korea is really strict when it comes to people who want to have their freedom in the governments own hand but they have nothing to do but to follow the law. I think that the cryptocurrency that's happening there is life threatening and can make you go to jail once you got caught. Maybe, the cryptocurrency in North Korea is regulated only by the authority and not with the normal citizen because they want the asset to become beneficial to the economy of the country as a whole. Plus, they can't have any access with the internet and social medias properly that's why it is very hard to live in North Korea most especially if the country prohibits you to experience a normal and free life.
The said crypto activities must be highly limited to Pyongyang and probably a major city or two more. All this must also be strictly sanctioned by the government, or perhaps even directly involving the government itself.
Cryptocurrency cannot bring freedom to a place where majority of the people are too poor to even own a smart phone, where internet is limited to the government and a few powerful people perhaps, where stable electricity is not even existing, and so on and so forth.
Cryptocurrency cannot bring freedom to a place where majority of the people are too poor to even own a smart phone, where internet is limited to the government and a few powerful people perhaps, where stable electricity is not even existing, and so on and so forth.
There's a man before who are lecturing about cryptocurencies but he end up dying.
Hello guys, so I am just sitting here and wondering how the people of the North Korea are fairing as regards the huge benefit cryptocurrency has brought to every people. I don't get to hear of any development from that isolated nation bordering South-Korea. I understand the will of the people is heavily subverted by their maximum leader otherwise nicknamed The little rocket man. I read of how poverty is ravaging that nation, freedom for her people to trade cryptocurrency can turn the tides around as it's doing in some poverty stricken nations that the people have embraced bitcoin and its benefit. Do these people even have access to any exchange in the world? and can they safely convert their crypto asset to their native currency and withdraw same without offending The little rocket man? I once read exchange hacking have been traced to NK, meaning some crypto activities are going on there.
I am just concerned on the freedom cryptocurrency brings could be extended to this nation.
I am just concerned on the freedom cryptocurrency brings could be extended to this nation.
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