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Author Topic: Why doesn't North Korea open up a bitcoin exchange?  (Read 1537 times)
Fredomago
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April 23, 2017, 04:00:30 AM
 #41

You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.

Just look up "North Korean internet censorship" on Google and you'll find out the answer.
maybe if he "kim" will notice the advantage of bitcoin he will use it for its own purpose as bitcoin can give him a lots money while he still
in control and with all the censorship no one will notice what is happening from btc.

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April 23, 2017, 04:10:23 AM
 #42

You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.

Just look up "North Korean internet censorship" on Google and you'll find out the answer.
maybe if he "kim" will notice the advantage of bitcoin he will use it for its own purpose as bitcoin can give him a lots money while he still
in control and with all the censorship no one will notice what is happening from btc.
There's no way he will use bitcoin even if bitcoin have so many advantages, the usage of bitcoin will change the opinion of his citizens towards him and will definitely affect the governance.
As I recall, north Korea trying to compete and always make their own technology even though theirs just seem outdated. They will develop a new system or a new cryptocurrency instead of using bitcoin.

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April 23, 2017, 04:29:19 AM
 #43

You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.

Just look up "North Korean internet censorship" on Google and you'll find out the answer.
maybe if he "kim" will notice the advantage of bitcoin he will use it for its own purpose as bitcoin can give him a lots money while he still
in control and with all the censorship no one will notice what is happening from btc.
There's no way he will use bitcoin even if bitcoin have so many advantages, the usage of bitcoin will change the opinion of his citizens towards him and will definitely affect the governance.
As I recall, north Korea trying to compete and always make their own technology even though theirs just seem outdated. They will develop a new system or a new cryptocurrency instead of using bitcoin.

Seriously..? Why do they have to create one..?
Dont you guys know how Kim is holding North Korea for so many years.? If the people understood how the world is then Kim may not stay in power anymore. 

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April 23, 2017, 04:41:01 AM
 #44

Kim is just a rude dictator and i don't think he want his citizens to know anything about bitcoin. They can simply move their local fiat in bitcoin out of their country and flew out to live a luxurious life aboard.


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April 23, 2017, 05:01:44 AM
 #45

http://money.cnn.com/2017/03/08/investing/north-korea-banks-swift-ban/

North Korea has been banned from the swift banking system. Wouldn't it make sense for Kim Jong-un to open up a bitcoin exchange and issue a North Korean digital currency? It would be like btc-e only a hundred times bigger and with tons of margin options and currencies.

p.s. mtjong.com is available  Wink

I don't think North Korea will ever accept bitcoins. Such an action might show to the public, that not ALL THE BEST is made in their country. All they can do, which would play perfectly due to their politics - is creating (or trying to create) some kind of altcoin, or fake BTC, if it is possible(like they did with dollars). And one more thing, BTC is about freedom, but Kim Jong-un wants to keep everything under control, so it will hardly ever happen.)
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April 23, 2017, 05:07:44 AM
 #46

Kim is just a rude dictator and i don't think he want his citizens to know anything about bitcoin. They can simply move their local fiat in bitcoin out of their country and flew out to live a luxurious life aboard.


Yes I agree with you, the governments of North Korea they control all of activity in the internet
 it makes difficult to the peoples on there to access bitcoin,
the governments will not gives chance to people become part of bitcoin (comunity of bitcoin)
 because as we know bitcoin is decentralized and not centralization.

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April 23, 2017, 07:06:36 AM
 #47

Kim loves Bitcoin


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April 23, 2017, 07:15:45 AM
 #48

because they feel not safe to have one, i remember an article say that they had an hackers stealign a large amount of bitcoin in korea, don't remember now if south or north but the point stand

their exchange would be utterly unsecure and none will trust it, also in korea the adoption is not that high like japan people don't care too much about bitcoin there

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April 23, 2017, 07:27:40 AM
 #49

because they feel not safe to have one, i remember an article say that they had an hackers stealign a large amount of bitcoin in korea, don't remember now if south or north but the point stand

their exchange would be utterly unsecure and none will trust it, also in korea the adoption is not that high like japan people don't care too much about bitcoin there
As far as I know, Japan is on the verge of a real boom in the sphere of
crypto-currencies. It bitcoin provoked among the Japanese a real stir. I
believe that Japan is very skeptical about the legalization of bitcoins,
which I can not say about North Korea. Here already there is a policy.
Especially since I do not believe in the development of North Korea in the
world bitcoin.

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April 23, 2017, 07:33:03 AM
 #50

http://money.cnn.com/2017/03/08/investing/north-korea-banks-swift-ban/

North Korea has been banned from the swift banking system. Wouldn't it make sense for Kim Jong-un to open up a bitcoin exchange and issue a North Korean digital currency? It would be like btc-e only a hundred times bigger and with tons of margin options and currencies.

p.s. mtjong.com is available  Wink

The bitcoin concept is capitalistic at it`s core and North Corea is a communist country.
I can`t see how this can happen.
I don`t think that the north coreans give a s*it about the swift banking system.

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Today at 01:29:06 PM
 #51

Because in North Korea the economy is poorly developed, and they still have a lot to work on.

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Today at 01:40:44 PM
 #52

Considering North Korea is still looking for good investment opportunity, such as their drug growing or fake bills bussinesses, it would not surprise me that they do it some day or another. I would love it, and I would frequent it much to do not give my money to the Americans, the Russians or the Chinese.

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mackenzied
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Today at 02:41:18 PM
 #53

You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.

Just look up "North Korean internet censorship" on Google and you'll find out the answer.

The information you want to mention can not appear on google, because it is confidential information of a country, it can not be public on google.

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Today at 03:15:23 PM
 #54

I would prefer that North Korea stay far away from Bitcoin..... if they start using Bitcoin to circumvent methods to nail them to the dark ages, we

might get strong opposition from the governments that are doing this. They are trying to cut them off financially to prevent them from using the

western financials systems to fund WWIII.  Shocked ..... Stay far ....FAR ...away from Bitcoin.

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Today at 03:25:53 PM
 #55

Maybe because it is there leader wanted we know that there are so many rules and regulation in north korea that take there freedom in many aspect and what there leader decide is what he wanted but maybe he have reason why not allowing bitcoin because of risk and illegal transaction that can happen in there country.

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