If North Korean government started mining...

[jamesc760]

they could potentially become a force. Instead of building nuclear missiles, they need to get into mining bitcoins. They are already the biggest counterfeiter of US dollars, what more lucrative than btc mining for them? China's right next door, NK can easily buy up Asicminer's 3rd gen miners. The government controls electricity which comes from hydro dams--but they do have problems with generating electricity. However, it's a cold country, near Siberia. Man, someone send a message to Dennis Rodman so he can alert the Dear Leader to this once-in-a-life-time opportunity!!!

[gorgorom]

Big step from Nuclear weapons of mass destruction to virtual money

[CoinCidental]

they could potentially become a force. Instead of building nuclear missiles, they need to get into mining bitcoins. They are already the biggest counterfeiter of US dollars, what more lucrative than btc mining for them? China's right next door, NK can easily buy up Asicminer's 3rd gen miners. The government controls electricity which comes from hydro dams--but they do have problems with generating electricity. However, it's a cold country, near Siberia. Man, someone send a message to Dennis Rodman so he can alert the Dear Leader to this once-in-a-life-time opportunity!!!

peru is supposedly the biggest counterfeiter of fake usd at the  moment IIRC

[Sniperdude]

North Korea just sent south Korea a fax, do you think they have the capability of internet and mining?

[Phantomic]

We first need a store to buy nuclear weapons with bitcoin before North Korea can adopt it

[CoinCidental]

We first need a store to buy nuclear weapons with bitcoin before North Korea can adopt it

open a website selling weapons grade platunionium that only accepts btc and just wait for them to come

[CoinCidental]

At least if they started Bitcoin mining, you might be able to see North Korea at night!

is this a thermal  image or is there no lights in north korea lol

[PBmining]

Regular satellite image..

"The 3.2 million residents of Pyongyang receive only 1-3 hours of electricity per day"

And as far as I know, Pyongyang is the only place in North Korea with any civilian electricity.

[crocko]

they could potentially become a force. Instead of building nuclear missiles, they need to get into mining bitcoins. They are already the biggest counterfeiter of US dollars, what more lucrative than btc mining for them? China's right next door, NK can easily buy up Asicminer's 3rd gen miners. The government controls electricity which comes from hydro dams--but they do have problems with generating electricity. However, it's a cold country, near Siberia. Man, someone send a message to Dennis Rodman so he can alert the Dear Leader to this once-in-a-life-time opportunity!!!

IF...

[jamesc760]

They're such a nefarious bunch of thugs that they will mount a 51% attack and corner the market on bitcoins in no time. We'd better hope and pray that they never catch on to us.

[CoinCidental]

They're such a nefarious bunch of thugs that they will mount a 51% attack and corner the market on bitcoins in no time. We'd better hope and pray that they never catch on to us.

how exactly would they get the computational power to 51% attack bitcoin ?
the chances of north korea overpowering the worldwide  btc network would be  somewhere
between slim and none imo

[rammy2k2]

this is a childish topic .. get back to real world people

[mgio]

this is a childish topic .. get back to real world people

exactly, why would do they do this? to piss off a bunch of nerds in the us and china?

[spl]

They haven't finished the construction of a hotel that they started over 20 years ago... 

[k3dlg]

Hotel is civilian , attack like 51% would be done by the military....... well what they are calling a military. Is it possible? I think you have a better chance of seeing the us congress and senate thrown out and starting over.



just a thought.


73

[rext]

you mean nuclear powered asics?

[CoinCidental]

Dennis Rodman powered asics

[stunbox]

I would be more afraid of china getting pissed off that the bitcoin thing is still happening even though they said "NO!"      If they decided to raid some plants, that could suck.

[Tirapon]

North Korea have in fact taken control of Bitcoin in a joint effort with Russia

[Cheesus]

North Korea have in fact taken control of Bitcoin in a joint effort with Russia

Jesus, I guess Europe have to join forces with USA to be able to withhold such attack