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That's not the case with North Korea. Most people don't have access to computers, let alone the internet, so they can't use crypto for their personal finances.
by AlexCoventry 5y ago
That's not the case with North Korea. Most people don't have access to computers, let alone the internet, so they can't use crypto for their personal finances.
- boomboomsubban 5y agoReally? Most households have a cell phone, though internet access is spotty.
- HyperRational 5y ago
- AlexCoventry 5y agoThe phones can't be used as general-purpose computers. Access to smartphone apps is tightly controlled. https://www.businessinsider.com/north-korea-smartphones-2018-7?r=US&IR=T#north-koreans-have-to-buy-apps-from-a-physical-store-6 https://www.businessinsider.com/north-korea-smartphones-2018... > Despite having connection to an intranet, North Korean smartphone users have to download apps at physical store locations where they can get apps approved by the North Korean government.
- boomboomsubban 5y agoTo use crypto for their personal finances, they wouldn't need general purpose computers and government approved apps could be sufficient. Though it's possible that they would be backdoored preventing the kind of economic freedom the poster was describing. For the record, I don't think North Koreans are using crypto for their personal finances, I just disagree that they are unable to.