Author

Topic: 조선민주주의인민공화국 Democratic People's Republic of Korea (Read 3736 times)

sr. member
Activity: 406
Merit: 250
It’s said that Bitcoin crosses all borders, and nowhere could this point be better proved than in the all-reclusive North Korea.

A tourist who went to visit North Korea to watch the Dennis Rodman basketball game used the country’s Internet service to send $100 worth of Bitcoins to Sean’s Outpost, a homeless outreach center in Florida that has been seeking donations via various virtual currencies.

The tourist’s Reddit post from early this month, which was spotted by North Korea Tech today, says he believes that “this is the first time a transaction on the blockchain has been broadcast from this country” and explains the rationale for his Bitcoin transaction:

What better use case of bitcoin than to send money internationally from what is probably the most restrictive country in the world? And what better recipient of that money than /u/SeansOutpost? With bitcoin, borders mean nothing!



The donation was later confirmed by Sean’s Outpost.

The Reddit user, aptly dubbed BitcoinDPRK, did note however that a large majority of North Koreans still don’t have access to the Internet and Bitcoin won’t take off till a long time later, but says he has been giving “paper wallets with a few mBTC each” to the Korean guides accompanying them on the tour.

Headline image via George Frey/Getty Images


http://thenextweb.com/asia/2014/01/21/north-korea-may-just-seen-first-bitcoin-transaction-month/

http://www.reddit.com/r/Bitcoin/comments/1ulha7/the_first_bitcoin_transaction_in_north_korea/
sr. member
Activity: 406
Merit: 250
full member
Activity: 123
Merit: 100
To the moon
Dear Korean friend/Camrade,

I want to start friendship with you Smiley so do you want to use Bitcoin in North Korea? Smiley

Please call me on 0039 3925988170 for more details Smiley


or visit my website www.thecoinweb.com

P.s I hope to visit Pyongiang soon! Glory to the Great Leader Kim Jonng Un !"



member
Activity: 70
Merit: 10
Loan me, 1-5% interest :P Moooooo
I wold like to know more about north korea please Smiley

give my love to KIM JONG IL!!

LONG LIVE TO NORTH KOREA!



wtfff?Huh LOL

Yay South Korea! 대한민국 만세!!!
full member
Activity: 123
Merit: 100
To the moon
I wold like to know more about north korea please Smiley

give my love to KIM JONG IL!!

LONG LIVE TO NORTH KOREA!

sr. member
Activity: 350
Merit: 250
newbie
Activity: 40
Merit: 0
...this is the evil korea right?
Jump to: