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Bear troll fest, but... this is the bottom!
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they're not your friends you total idiot
Ah, there we go. Ultimate argument used. You sound like an anti-Trump activist? |
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No-one is going to be interested in North Korea using Bitcoin to settle trade, not least the North Koreans, not least because Western/external computer operating systems are banned in any case
wut?! Bitcoin clients can work only on Western/external computer operating systems? Is that your way of volunteering to port the Bitcoin source code to the North Korean state sanctioned OS? Didn't think so  You've obviously missed the latest leak by Wikileaks? Otherwise you should have been aware that what you use is a CIA sanctioned OS! Why do you think North Korean government is far behind the leading democracy in that respect? lol |
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Following latest round of sanctions even their biggest banks are now not able to transact internationally. North Korea is the only truly independent county. It is also independent from international banking oligopoly. They have nothing to lose. Introducing bitcoin as a settlement unit in their international economic relations is an exceptional opportunity for this country!
I think that you don't understand much about North Korea. I was several times in South Korea and know situation first hand. North Korea is not last independent county, it's cruel dictatorship regime. People are brainwashed and starving. Only selected a few people have right to use Internet. Most people don't have even computers. There is no way that they will use for currency something they can't control. Even if they use, only 110-20 people will be able to buy or sell bitcoin  No way! Why don't you guys read initial post carefully? Nowhere I'm suggesting mass adoption of bitcoin in North Korea! I'm just suggesting that if North Korean government can't use their banks to receive payments for the exports of government controlled enterprises, they can simply use bitcoin instead of US$ as remittance currency! As far as the "cruel dictatorship" goes, I think there are US allies that are much more cruel dictatorships. For instance, Saudi Arabia. In 2015 more people were beheaded in SA than on the Islamic State held territories in Iraq and Syria. So, please don't use this propaganda cliché. Nobody will be impressed. |
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Who bought at the top?
Looks like we got a new Lambie.  Whoever bought at the top will see new top in just couple of weeks if not days. But Lambies that sold at the bottom will never have the chance to rebuy at same price. |
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No-one is going to be interested in North Korea using Bitcoin to settle trade, not least the North Koreans, not least because Western/external computer operating systems are banned in any case
wut?! Bitcoin clients can work only on Western/external computer operating systems? |
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Your thread would be much more interesting if it were made about Iran instead, who are also cut off from international trade, and who actually have something to sell, lol. Since 2015 Iran is not under sanctions and can use their banks for international transactions as they wish. lol BTW, this threat worked for Iran by that time and a deal to lift sanctions was reached. In the deal it was explicitly written that Iran can not use gold and other alternative methods of payments for their oil exports! |
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Not only is the remaining 65% largely the Chinese government also, but one must ask "65% of what total?".
And if one asks, how that helps in finding solution for those 65% if interbank payments are not allowed? |
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it is more convenient, yes.
I've always wondered what dollar cultists are doing on this forum? because first of all the volatility that i edit-added prevents them from wanting to use bitcoin.
Firstly, bitcoin volatility can be easily hedged for every deal individually. Secondly, the price of this hedge is much lower than the price of dragging suitcases full of $ bills throughout different countries and paying for transport insurance, couriers and guards. |
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Not particularly relevant ATM: China is overwhelmingly the only international trading partner North Korea have, and the PRC government recently reneged on a deal to buy coal from the North Korean government that constitutes a very significant amount of total North Korean international trade.
Coal exports account for 35% of the entire NK export to China. The rest 65% remains to paid somehow! |
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a country such as North Korea is mostly self dependent and they try their best not to have anything to do with the rest of the world! and for what they need they always find a way to do it with the good ol' US dollar so they can find someone who accepts it without hassle.
Are you saying "good ol' US dollar" bills in suitcases is more convenient method of payment than using bitcoins? and we are not talking about 1 or 2 btc worth, when it is a couple of million dollar worth, price going from 1250 to 1200 means losing a lot of money.
But price going from 1200 to 1250 means making a lot of money. |
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Anyway, about North Korea, they don't give a damn about the world and they will not be able to use those bitcoins in their country anyway.
They will continue to use their currency (the NK won) domestically. Their exports are paid in $ by their int'l counter parties. If they switch from $ to bitcoin they'll prove sanctions that cut off their banks from the rest of the world are worthless. |
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Life savings 100% in at 1190. Pray for me. My wife will leave me and is taking the kids if I am wrong here.  Gambling is always wrong! You were told many times. Buy bitcoins ONLY with long term money and ONLY that amount you can afford to lose entirely. If you do that you'll always win! |
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It will serve their own interest if they employ Bitcoin as a payment processor and use that as a bypass to their international sanctions but I don't know if their central bank will be ready to tolerate competition so it's up to them and their dictator.
North Korea exports coal to China and gets paid in $$$. Why is their central bank "ready to tolerate competition" from the $ but won't from bitcoin? |
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cmon man... do you really think the country's dictator will allow anyone to use Bitcoin?
of course not... it would be something like using dollars as well!
cmon man... read my post above once again but this time sloooooooowly! In their export/import economic activities they can NOT use their domestic currency unit (the won)! |
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There are many good news recently, but the price has not rise a lot.
Fake news no longer has any affect Ethereum Classic $1.32 -3.30% ETHF -10%I'm making a killing shorting this shitcoin Well done, bitpop! |
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Following latest round of sanctions even their biggest banks are now not able to transact internationally. North Korea is the only truly independent county. It is also independent from international banking oligopoly. They have nothing to lose. Introducing bitcoin as a settlement unit in their international economic relations is an exceptional opportunity for this country!
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Anybody starting to feel a little nervous, uneasy?
Close your shorts and get a sleep. You'll feel better. Roger Ver is the BIGGEST hypocrite in the Bitcoin space.
This guy has sold almost all of his bitcoins a year ago to invest in dubious business projects. Now he is mad to see he had lost a fortune and could have done much better if he had just hodled his bitcoin stash. He is craving for cheaper bitcoins. got any sauce? so no danger of him dumping his stash if he hearns out of bitcoin? I don't have a single source. It is based on bits of info from different sources about his investments in China and Hong Kong. |
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Anybody starting to feel a little nervous, uneasy?
Close your shorts and get a sleep. You'll feel better. |
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Looks like the last hurdle to COIN ETF approval is cleared: The Commission is publishing this notice to solicit comments on Amendment Nos. 1 and 2 from interested persons, and is approving the proposed rule change, as modified by Amendment Nos. 1 and 2, on an accelerated basis. |
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