4 ms·

Isn't this a tenet of bitcoin? Not being outright controllable by the will of a government?

• sand500 9y ago
  Except they still need to be able to spend the bitcoin and ship goods back to NK. If a country is willing to trade with them, then it doesnt matter if its using bitcoin or trading with something else. The important part is that bitcoin is something with monetary value that is able to be stolen easily.
  • dogruck 9y ago
    Yes, but some actors might be willing to trade with NK in bitcoin, but not, say USD. The same thing happens with $100 notes.
  • russdpale 9y ago
    Huh? Could you explain? Perhaps the exchange is unsafe, but the coin itself is most certainly not.
    • sand500 9y ago
      In the article, it basically talks about NK straling the bitcoin. My point is that to spend the bitcoin has the same hurdles as spending other money or trading something because the other country has to ship NK the physical goods they bought. Its less that nk is using bitcoin to get around sanctions and more its convenient for them to get a hold of.