North Korea and Bitcoin

[Phinnaeus Gage]

Kim Jong-Il Using MMO Gold Farming to Fund Nuclear Arms: http://www.gamepro.com/article/news/221769/kim-jong-il-using-mmo-gold-farming-to-fund-nuclear-arms/

What are the chances that Short-Dong-Jong knows about Bitcoin and has mining pools set up? (what a thought--Bitcoin used to help build nuclear bombs--not exactly what we need now)

[enmaku]

Satoshi = Kim Jong-il

Of course! Only the great leader of Best Korea is super-genius enough to create bitcoin! 

[Seraphim401]

Satoshi = Kim Jong-il

Of course! Only the great leader of Best Korea is super-genius enough to create bitcoin! 

If only that piece of shit would use his genius to feed his people.

[silverchair]

Satoshi = Kim Jong-il

Of course! Only the great leader of Best Korea is super-genius enough to create bitcoin! 

If only that piece of shit would use his genius to feed his people.

LOL, 

[jackjack]

Satoshi = Kim Jong-il

Of course! Only the great leader of Best Korea is super-genius enough to create bitcoin!  

If only that piece of shit would use his genius to feed his people.

You're taking about Kim Jong-il and North Korean people or Satoshi and his miners?

[CurbsideProphet]

HAHA  To fund nuclear arms huh? 

In a little less than two years, the police said, the organizers made $6 million.

OMG $3 million per year.  They'll have an ICBM in no time!   ROFLMAO

[indicasteve]

HAHA  To fund nuclear arms huh? 

In a little less than two years, the police said, the organizers made $6 million.

OMG $3 million per year.  They'll have an ICBM in no time!   ROFLMAO

You can't hug someone with nuclear arms!

But you might be able to cook something up on your stovetop...
http://www.theregister.co.uk/2011/08/02/diy_swedish_nuclear_reactor/

[ctoon6]

i like where north Korea's priorities are.

they have a starving population, a military based on equipment from around WWII, slave camps and a population controlled via fear, propaganda and indoctrination.

yet they only want nuclear arms to take out the Americans.

[Phinnaeus Gage]

i like where north Korea's priorities are.

they have a starving population, a military based on equipment from around WWII, slave camps and a population controlled via fear, propaganda and indoctrination.

yet they only want nuclear arms to take out the Americans.

I'm surprised Israel is not on their radar.

[Phinnaeus Gage]

HAHA  To fund nuclear arms huh? 

In a little less than two years, the police said, the organizers made $6 million.

OMG $3 million per year.  They'll have an ICBM in no time!   ROFLMAO

You can't hug someone with nuclear arms!

But you might be able to cook something up on your stovetop...
http://www.theregister.co.uk/2011/08/02/diy_swedish_nuclear_reactor/

You think that's funny. Image the look on their faces when they're told to start mining bitcoin--24/7.

[BioMike]

i like where north Korea's priorities are.

they have a starving population, a military based on equipment from around WWII, slave camps and a population controlled via fear, propaganda and indoctrination.

yet they only want nuclear arms to take out the Americans.

I'm surprised Israel is not on their radar.

They would have to fire over China... the only country that keeps them in a safe position. And there are some other countries that they would not want to mess with in that direction.

[c_k]

They would have to fire over China

Incorrect, they border the pacific ocean on their east coast

[Tasty Champa]

In chna, prisoners are forced to the point they can't see or move their fingers to play world of warcraft.
Each one is forced to grind roughly 300USD per day.
If those guards got wind of bitcoin, then investors are now giving a disturbingly oppressive and very corrupt department easy to hide money.

[indicasteve]

How come when I do a google map search for North Korea missle sites I get Washington DC?

http://maps.google.ca/maps?hl=en&q=north+korea+missile+sites&bav=on.2,or.r_gc.r_pw.&biw=1024&bih=605&um=1&ie=UTF-8&sa=N&tab=wl

[ctoon6]

How come when I do a google map search for North Korea missle sites I get Washington DC?

http://maps.google.ca/maps?hl=en&q=north+korea+missile+sites&bav=on.2,or.r_gc.r_pw.&biw=1024&bih=605&um=1&ie=UTF-8&sa=N&tab=wl

inside north korea is pretty good, it was made a while ago, but has some info and satellite pics.

[Are-you-a-wizard?]

How come when I do a google map search for North Korea missle sites I get Washington DC?

http://maps.google.ca/maps?hl=en&q=north+korea+missile+sites&bav=on.2,or.r_gc.r_pw.&biw=1024&bih=605&um=1&ie=UTF-8&sa=N&tab=wl

Those are the targets, son.

[Phinnaeus Gage]

How come when I do a google map search for North Korea missle sites I get Washington DC?

http://maps.google.ca/maps?hl=en&q=north+korea+missile+sites&bav=on.2,or.r_gc.r_pw.&biw=1024&bih=605&um=1&ie=UTF-8&sa=N&tab=wl

It's because there's a restaurant there named North Korean Subs and their website streams ads by Google.

[Jack of Diamonds]

Mining is a bad business for a rogue government like NK.  
The earnings are prob. much lower than farming WoW/Runescape/Lineage gold.

There is a big shortage of electricity in the country (all imported), and there aren't many profitable $/mhash cards on the market any longer. All they'd find is new 68/69xx cards in bulk

Unless they can smuggle in some special, cheap FPGAs or ASIC boards,
they will have huge upfront costs for potentially little reward (esp. if the price plunges down when they need to liquidate BTC).

It makes much more sense to buy cheap computers & hire slaves or prisoners to farm gold for you in online games. Unethical but cost effective.
http://blogs.forbes.com/insertcoin/2011/06/02/chinese-prisoners-forced-to-farm-world-of-warcraft-gold/

[Phinnaeus Gage]

They would have to fire over China

Incorrect, they border the pacific ocean on their east coast

I think BioMike was in reference to the other side of NK (hmm! off by 2 vowels). But I see how they could fire a missile at Israel by aiming it east. For three million dollars, they'll be able to tie two African swallows to the ICBM (I heard this was once done with a coconut) and keep the missile low to avoid radar contact, thereby incorporating their stealth technology with the element of surprise.

Syria: Why did we ask North Korea for help?
North Korea: Keep mining peasants, for we have to help our Brother-in-Arms.
Israeil: Looks like we'll be fighting a two front war soon.
US General 1: Mr. President. Due to the monitoring of that Bitcoin forum, it looks like we have a situation brewing.
President Obama: I thought we had an agreement with the The Founders to remove that link from their site.
US General 2: We did, but the members still found it. They're a crafty bunch!

[wumpus]

It makes much more sense to buy cheap computers & hire slaves or prisoners to farm gold for you in online games. Unethical but cost effective.
http://blogs.forbes.com/insertcoin/2011/06/02/chinese-prisoners-forced-to-farm-world-of-warcraft-gold/

Not more unethical than putting the slaves to work in real mines, I'd think. All in all, it's still sad but I think the persons doing computer work are better off than they would be otherwise...