Bitcoin Forum

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?

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

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.

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.

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.

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.

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?

We don't really know the truth do we? We do know that south-korea is more tech advanced than the USA

I also know that these same people sponsor these 'seminars' all over ASIA, and bring in the normal celebrity speakers, and host the exchanges ( sell boothes ), that 1,000's  of newbs spend $1,000's  of US dollars to attend these seminars, and that exchanges, and all conduits for separating idiots from their money work just like magic.

The fact that the same thing would happen  in NK? Why not, they have money, and where ever there is money, this group will flow to shear the sheep.

I travel widely all over ASIA; I don't see any reason that 'elite' don't have internet access in NK, maybe the low-class, but that's more of an information control thing, the leadership of NK wants to modernize ASAP, so what better way than to put the internet into the hands of every NK child, and then NK can overtake SK in TECH.

Canned 'bitcoin summits' are running monthly all over asia, what makes a summit? Maybe they bribe or pay one or two authors who might have written a book about bitcoin, then have a ton of other people give talks about how they got rich on crypto's back  in 2017, or how if you had bought BTC in 2009, that you would be the richest man on earth today :)

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.

I feel North Korea is governed by someone who has different mood every morning. If he is upset he will make a crazy thing, if he is happy then he will allow strange things (for NK obviously) to took place. What's the point of this summit if your access to Internet is restricted? Commies party will run asics while people paying for the energy?

I am already interested in how this, international,summit will end.Clearly, North Korea's leaders see cryptocurrency as either a threat or an opportunity.As far as I understand the authorities see a huge potential in cryptocurrency,that's why they and are holding this summit.Such a closed country holds such a huge international summit-there is something interesting in it.I am sure there will be something to discuss after him.

I feel North Korea is governed by someone who has different mood every morning. If he is upset he will make a crazy thing, if he is happy then he will allow strange things (for NK obviously) to took place. What's the point of this summit if your access to Internet is restricted? Commies party will run asics while people paying for the energy?

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. >:(

He he yes it is weird. What have  the jews  done to North Korea?

...

The next year between the 18 and 25 of April Pyongyang is going to host an International Summit of Cryptocurrencies.

The North Koreans are trying to get updated and trying to get into the digital world and the world of the cryptocurrencies, maybe they are no so far behind as we thought (for being a communist country)

https://news.bitcoin.com/wp-content/uploads/2018/11/North-Korea-to-Hold-Crypto-Conference-in-April.jpg



The only bad thing is that Jews, Japanese, south Koreans, and journalist are not allowed.

for more information visit this link:https://news.bitcoin.com/north-korea-to-hold-crypto-conference-in-april/

SK is cleaner and 100X better than the USA, at best you can compare NK to USA, in terms of poverty.

What ppl here think they know about NK, or either korea is based on ignorance.

These places have more fibre optic internet, than most places in the USA.

USA is still on 1800's copper cables to push signals, and all of ASIA went wireless from day one,

It's really insane how people assume this shit because they live in a shitty country, every place else is the same,

Hell Japan has the fastest trains on earth, and China thinks their common, you can't find a single MAG-LEV train in the entire USA, or in EU for that matter. The trains in Japan go faster than the airplanes in the USA.

Most of the USA is a filthy ghetto in the citys, and meth whores and pimps in the rural populations.

Asian's put their children first, even in NK, but USA the children are more for exploitation.

Just because Hollywood makes funny movies that made leaders of NK look funny, doesn't mean it's real, it just means that Hollywood controls the minds of the sheep in the USA.

Ok we are talking here about North Korea, its cute supreme leader and the awesome communist party that are imposing freedom across the country.
The guy above is saying the whole internet traffic in NK is rooted via China and you are talking about Japan trains, South Korea internet and Asia countries supremacy!
Take a coffee before writing next time, we are talking about cryptocurrencies in a country where the internet access is over regulated.

I wish I could get in touch and  travel to such conferences and meet ups. Most crypto enthusiasts wish they can get such opportunities to attend such important conferences. We need people  in the world of blockchain technology to meet and interact physically.

haha yeah, he lost me when he said that Japanese trains go faster than American airplanes, I think we hurt his feelings. He is 99% right   tho (no offense btc-room101 I am sorry if I offended you)