North Korean Citizens Study Cryptocurrencies at Pyongyang University

in bitcoin •  7 years ago  (edited)

Read the full story about North Korean engagement with bitcoin and cryptocurrency. It appears to be ever growing, with recent reports indicating that university students are now able to access courses on cryptocurrency in the Hermit Kingdom.

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When you finished reading it, click on this 4 years old Reddit post.

On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.

That's correct. We are almost at 10,000. Let's see what else is in that post.

The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin

Timetraveller, well...

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Interesting reading @kobak visiting you from @kryptonia