Look what happens when you try to ban cryptocurrency:

bentleycapital (64) · 7 years ago

Thank you for posting @jrcornel.

What a quick response.....good luck to them.

Cheers.

$4.14

kettleyer (49) · 7 years ago

Well i think this is for the better because trading virtual items are arent good for the economy of farmers and townsfolk.

$2.36

yallapapi (70) · 7 years ago

Bro what do you mean I sell my World of Warcraft gold all the time and the farmers in my area do just fine

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nokodemion (59) · 7 years ago

And that should scare all of us. Even with all the advances in technology, the human race is still extremely mentally retarded.

$0.40

7 votes

calin-fx (25) · 7 years ago (edited)

ONly til they start working on themselves, either cause they want to or (more often) they have to :)

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rayonitever (25) · 7 years ago (edited)

Korean Citizen wants Head of the Ministry of Justice FIRED. Finance Minister said Head of the Ministry of Justice is WRONG, we have not considered banning and basically Too Big to Ban.
There's alot of innovations coming out from South Korea, so they would like to not ban it, but regulate or put guidelines due to money laundering.

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kettleyer (49) · 7 years ago

Are you south korean?

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rayonitever (25) · 5 years ago

I wish mate!

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cryptocam (25) · 7 years ago

Money is just a form of language to express value, why would it be bad for farmers or townsfolk? Farmers have been on a downward spiral for a long time, dying out because the U.S. government importing crap food from China. Crypto will help farmers and townsfolk in so many ways.

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everittdmickey (73) · 7 years ago

I would imgaine that they didn't think drafting such a bill could potentially cost them their jobs!
But WAIT...perhaps there's MORE
how bout confiscating all their assets..
then deporting them to NORTH Korea.
they should fit right in.

$2.35

nokodemion (59) · 7 years ago

That's a no brainer! Buy Crypto with credit cards, get points...take a vacation. That's cool!

Already done it!

$0.13

sauravrungta (77) · 7 years ago

Yes, and yes! Please!!!

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rayonitever (25) · 7 years ago (edited)

They would probably take their cheaply bought Bitcoins with them to North Korea.
North Korea were the highest beneficiary of Bitcoin.
They hacked and stole Bitcoins and hired Chinese miners to mine for them in China.
Then, the Bitcoins skyrocketed. Lol

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techwizardry (65) · 7 years ago

This mobilization from our brothers in Korea will send a very loud and crisp message to all crooked, bankster-loving politician in the West: you mess with crypto, you'll be voted out in a minute!

$2.35

journeyoflife (67) · 7 years ago

They can try their best but crypto is the future

$1.75

4 votes

makeithappen (61) · 7 years ago (edited)

These press releases have a big impact on the market fluctuation! We need some big institution to embrace it before the GOVs will be involved. Japan is an exemption.

$1.59

bitdollar (60) · 7 years ago

Yea it is ok because the people united will keep things in motion.

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saintopic (49) · 7 years ago

True as this will be a good thing to boost the trading of Cryptos

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mindfreezer (44) · 7 years ago

yeah you are right @makeithappen

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orangesphere (55) · 7 years ago (edited)

What's interesting is that a politician's stance on cryptocurrencies might be one of the hot topic policy issues going into the next presidential election. It may soon be political suicide for someone in office to oppose cryptocurrencies in SK. Koreans have been historically been very vocal about things they want changed, the impeachment of then President Bak Geun Hye is a good example. Let's see if they can leverage that voice to maintain the security of crypto trading this year!

Now what I wonder is if the cryptocurrencies can become so ingrained in the political fabric of the US, like debate over gun control or how to handle healthcare, that any move to ban crypto will be met a force like we're seeing in Korea. Because if that level of legitimacy can be established, it would be a HUGE signal of staying power for the crypto space.

$1.22

12 votes

jrcornel (84) · 7 years ago

Agreed 100%. Great comment!

$3.15

chiren (62) · 7 years ago

It's great to see them stand up for their rights. It's only a matter of time until the blockchain technology and cryptocurrencies become a big part of american politics. The public here is just starting to hear about these things, and it's still relatively unkown territory for most people in America.

$0.31

jerome-morales (56) · 7 years ago

You comment is as cool like one of good articles i've read :) just awesome!

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fechaugger (48) · 7 years ago (edited)

based on exchange prices, Koreans seem to be very eager to get into the crypto game.

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nokodemion (59) · 7 years ago

Who has a mortgage anymore?! I just bought my house with my bitcoin profits...

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lilywest (37) · 7 years ago

I totally agree with you

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pouchon (70) · 7 years ago

PHEW...

let's go back to our regular program.
Thanks for the news.

$1.15

steemitfriend (64) · 7 years ago

Hahahhahhaa

$0.72

corndog54 (53) · 7 years ago

Looks like South Korea found out it is tough to stop a Tsunami once it has gathered a head of Steem 👍

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jrcornel (84) · 7 years ago

Haha yes, hopefully that is the case. Nice pun! :)

$2.74

sonny.dharmawan (58) · 7 years ago

happy to read it...... crypto fight back

$0.55

nokodemion (59) · 7 years ago

Grandpa I heard a rumor that in 2020 your Social Security check is going to be paid in bitcoin.

$0.45

13 votes

leftbank (67) · 7 years ago

what a rollercoaster

$0.42

jonjon1 (63) · 7 years ago

I thought there'd be a huge backlash, well done to the Koreans for standing up.

$0.28

skycornish (55) · 7 years ago

There's nothing governments can do to stop this! Pandora's box has been opened!

$0.24

adesojisouljay (66) · 7 years ago

The best currency as at now is cryptocurrency... It has more value than any other currency.
Steemit is number one.
We'll steem on, There is no stopping

mohammedfelahi (57) · 7 years ago

OMG nice

uber-dragon (45) · 7 years ago

I don't really know how they were originally thinking they could effectively ban it anyways. At best they could get the sellers from their own country to not accept the crypto currency, but stopping your folks from trading crypto with users from other countries etc, I don't see how they could really stop that. And let's not get into the topic of how they'd most likely hurt themselves more with that decision in the long run anyways.

jrcornel (84) · 7 years ago (edited)

Yea I agree. I think they were thinking if they could shut down centralized exchanges they could get rid of most of it. Then just fine anyone else caught transacting or trading in it.

$35.34

4 votes

martinwinkler (49) · 7 years ago

I don't believe that cryptographic currencies can be banned or prevented. The market and decentralised regulation will always prevail. As long as there's an offer, you can suppress it. But don't stop it

hms818 (61) · 7 years ago

Now even the Ministers are manipulating the markets , may be to buy some cheap coins!

infinitum (34) · 7 years ago

This is good for EOS. As we have seen in the price spike today. 📈

$0.06

gyro (54) · 7 years ago

This is great news, all people of the world should come together and stand as one, to stop evil corporate governments stealing from us and telling us how to live, thank you sir for this article.

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livelifefullest (62) · 7 years ago

This is good news! Hope China will act like this !

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alidanish786 (51) · 7 years ago

no one can stop cryptocurrency,This is new world of earning money @jrcornelj now everyone is supporting cryptocurrency.There are unemployment everywhere and this is a good source of income,why government is against it?government only need taxes to pay and most of the people are paying taxes on cryptocurrency.I can't understand what the government wants?but thanks to share with us @jrcornel

$0.02

pjau (63) · 7 years ago

Crypto can't be silenced. They need to get used to that. 😊

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din (42) · 7 years ago

What a time to be alive! We claim it as Americans but the truth is everyone wants the opportunity for life, liberty, and the pursuit of happiness.

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amumpaire (31) · 7 years ago

Cryptocurrency is something that you can not stop however much you try. What happened in South Korea today is a great sign of assurance that Cryptocurrency is indeed the new way to trade, transact and move the globe forward.

BTCs come in handy, are secure and convenient. It is high time the world woke up and embraced the cryptocurrency ideology.

To my fellow Steemians, let's keep working no matter what because we are assured from this happening that our earnings will be safe always.

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playonstereo (37) · 7 years ago

Good movie - cryptocurrencies aren't the danger! The danger are politicians which want to control the people life!

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mdarifk10 (40) · 7 years ago

Hi sir, i'm here and I see your post, it's really awesome post

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mindfreezer (44) · 7 years ago

The best currency as at now is cryptocurrency... It has more value than any other currency.
Steemit is number one.
We'll steem on, There is no stopping

@jrcornel

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chiama (62) · 7 years ago

I have been following this news very closely. Although I am new to the crypto currency world, I heard that South Korea are one of the top dealers. I believe it shall rise again. People are so used to it and are comfortable with it.Fingers crossed.

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estherjhaymes (44) · 7 years ago

Nice one

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papayouns (27) · 7 years ago

Typical politics view : « we can’t control it, can’t get from it so let’s ban it ».
Well, try again !!!

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evernoticethat (64) · 7 years ago

Looks like the PEOPLE have spoken. STEEM to the moon baby!

source

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tamaralovelace (62) · 7 years ago

I hope everyone learns a lesson from these press releases. Let your voices be heard through petitions. If there isn't one which suits your purpose...then START one!! Get people on board..do not be silenced nor derailed. If the politicians do not serve our purpose, they must be removed.

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thomasfarley (48) · 7 years ago

let them do their thing :)

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vikisecrets (68) · 7 years ago

love the part where the people filed for the removal of the crypto banning secretaries ;) crypto is unstoppable :)

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cbeep (44) · 7 years ago

Are they playing with market or what .ban unban ..why dont they take their stand.

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themanwithnoname (64) · 7 years ago

It's easy for them to say they want to ban crypto but as soon as it looks like it could cost them personally (their jobs) they back off. Not surprising. They probably "didn't realize there was such support for crypto currency."

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angelairen (51) · 7 years ago

PLZ UPVOTE ME

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abelartist (39) · 7 years ago

Go south Korea, People power

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streetartgallery (57) · 7 years ago

Great post! Its good to see the people rise up against tyranny

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itsshamrok (27) · 7 years ago

Anyway to bring the people down, fucking governments!

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marshel (42) · 7 years ago

Verry nice

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foxkoit (70) · 7 years ago

Something good news ... :)
it makes me somehow happy, I do not want to think badly, but that's how should must many people do, I would like to see this inside other countries too and fight back.

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jhon-rumbya (42) · 7 years ago

Verry good

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kumablack (34) · 7 years ago

Rather than trying to ban cryptos outrightly, governments should rather embrace it..because like it or not..cryptocurrencies are here to stay.

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khurmi (40) · 7 years ago

Well I think that crypto is the long Run, banning it will cost South Korea and maybe in future they will be left behind.. So, if they haven't taken the final decision to ban it, it will be good for them ...!

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onenecha (49) · 7 years ago

Being jobless now will give them time to think properlly and conduct more research on cryto community. Nice post, it is updateful and informative

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jerome-morales (56) · 7 years ago

Thanks for this update, their attempt to ban crypt really affect the fluctuation recently.

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fujiwara (44) · 7 years ago

This flop, however, scared the market quite a lot as lots of coins went down during that period (even our beloved STEEM)

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dauerossi (58) · 7 years ago

I bet the man bought some coins, straight before the second tweet. Easy money 😠

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bitdollar (60) · 7 years ago

Hard to stop a massive community that supports something. The people control everything when they stick together. Governments are forgetting, they do not personally control what they want.

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prashanna (32) · 7 years ago

One day we will wake up and finally see the price of Bitcoin -
$2.5 million/BTC
Yes this is the reality !!! No one can stop us !!

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practicaleric (66) · 7 years ago (edited)

Excellent post...just goes to show that bitcoin and other cryptos cannot be killed or stopped. It's like trying to catch the wind :) After this South Korea drama, hopefully we will be back to a bullish market.

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otage (70) · 7 years ago

Thanks for the update. There is a lot of monkey business behind the scenes for sure!

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sabrin514 (45) · 7 years ago

Governments have been using fiat currency to exhort a great deal of control over people for a very long time. Don't expect them to give that up without a fight.

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dreamrafa (66) · 7 years ago

LMAO hahahahahahaha.... This proves anti-crypto people are idiots, even if they are in the government (or specially if they are)...
This also may scare other governments to even try to ban crypto

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keela (39) · 7 years ago

I am in favour of regulation to the were it protects ordinary citizens, but banning crypto trading is going to far.

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naijatimez (58) · 7 years ago

This shows how important cryptocurrency is by now, and how it has improved life's positively.

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blacksheepblog (51) · 7 years ago

more bans more bans yeah !

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asifgoraya123 (14) · 7 years ago

That's the voice of Traders.

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bleujay (70) · 7 years ago

Spread the news far and wide @jrcornel.

Let's hope other countries are as quick to respond.

Thank you for bringing this news to Steemit.

All the best. Cheers.

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smileplease (50) · 7 years ago

Hahahahahah
Hahahahahahhahahahaa
Hahahaha
Hahahhaha
Hahahahahahahahhaha
Hahahahahhahahahabbabahah
Hahahahahahahahah

Actually they are busy in making Nuclear weapon only

😂😂😉😉😉😉😉😁😁😁😀😀😊

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triptybarsha (53) · 7 years ago

Wonderful your news , i like your news . i want your next post for sharing us,,, best of luck

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drmake (55) · 7 years ago

At the end, and even if some might not believe it, but any government will only survive if they represent the majority of the people. If the majority want to have cryptocurrencies because they have more benefits then downsites they cant ban them.

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mikesspace (39) · 7 years ago

Wow! Power of the people, ehh...?

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https://steemit.com/steemit/@kinaabderrahmane/here-are-the-books-that-everyone-must-read-before-starting-to-invest-in-digital-currencies

kinaabderrahmane (25) · 7 years ago

Hello Steem World Please Upvote and I will upvote back.

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katherinev (26) · 7 years ago

Excellent post, very well articulated. thank you so much.

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jaraumoses (68) · 7 years ago

OMFG ....people no longer have time be messed around!
Those ministers should face the wrath of their actions!

This kind of solidarity should be copied by many other countries.

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josediccus (75) · 7 years ago

This seems like a big impact, however south Korea seems confused but I think there needs to be some change in personnel in Korea

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zahidkhanniai (46) · 7 years ago

So what's a metter in this dear

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kospi (50) · 7 years ago

God bless you

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lilywest (37) · 7 years ago

Dats too bad. Dnt they no dat crytocurrency v come to stay.

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muliadi (57) · 7 years ago

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if you wish please visit my blog, i need your support .thank you https://steemit.com/@muliadi

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searchengine (45) · 7 years ago

Very true... Crypto is the future a possible ban anywhere in the world will lead to an uproar... 😂... I dont see any need to ban in the first place. It is improving lives and eradicating unemployment

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radiasi (51) · 7 years ago

i like blog you fren

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mother2chicks (61) · 7 years ago

When the people speak it is time to listen. Or else! Sometimes the people in government are just too removed from the masses.

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andrew0 (64) · 7 years ago

Great news!

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fredfhj23 (26) · 7 years ago

Sir, I am a boy of a very poor house.
Spend the cost of your education with a lot of difficulty.
Please upvote my post.Thank,s

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xycrone (25) · 7 years ago

This is all very interesting. I think corporations that have high political influence are putting pressure on officials to ban crypto so that they can buy up some cheap bitcoin to pump the value of their companies on the books. Who knows?

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mrolowo (25) · 7 years ago

hahaha... crypto has come to stay!

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blake123 (25) · 7 years ago

the banks don't like crypto currencies so they will try to get crypto currency outlawed

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mawit07 (66) · 7 years ago

No way a country can deny's its people for access to crypto. Not one I would think. Reading through so many posts on steemit I have seen how much crypto has help people all over the world. The government is trying to control the crypto boom before it gets out of hand. I think they should just let it take its course and see what happens. Thanks.

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mervesaglamx (49) · 7 years ago

No longer allowed...

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teenovision (52) · 7 years ago

This shows how popular it has become

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