DTube. Bitcoin. North Korea Did What Again! Say What!

You can find related Steemit article on this link. North Korea is on the bottom section. https://steemit.com/bitcoin/@sobuka/why-bitcoin-litecoin-and-ripple-are-up-bitcoin-gold-north-korean-news

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North Korea Did What Again?! Say What?!

This lastly pulls me into news about North Korea and South Korea with respect to Bitcoin and cryptocurrencies news.[2] It turns out that North Korea has been suspected of hacking South Korean cryptocurrency exchanges. I am not sure if that news is true. All I can take out from that news is that it makes North Korea appear much smarter than they look. And we are giving them a lot of credit for looking so smart. There are a few world class cryptocurrency exchanges in South Korea. So the idea of North Korea having technologies that date back to 1950’s...well let’s just say that something does not add up. And if anyone knows about 1950’s technology, most of that equipment was purely analog. Yes, you can turn the analog signals into something digital but it would be like cutting a piece of chicken with a butter knife. Definitely not convenient there. So the idea of this hacking incident calls to mind several things.

If this rumor is true, then North Korea has very nice computers and smart people.
If this rumor is false, we are giving North Korea too much credit.
If this rumor is false again, who is actually doing this hacking, and is North Korea just the escape gate? Let’s simply blame the North Koreans for everything then...

We have heard of similar rumors in the past like North Korea mining Bitcoin which in essence would take up a lot of electricity for a country that size. I am just saying that there is a little bit of doubt if any of these rumors are true. With the ability of western powers being able to sniff and disable digital communication lines, it really calls into question the legitimacy of everyone involved in this North Korean craze.

Alright...That’s all I have for this segment ladies and gentlemen. If you want me to look at any specific country in detail as it relates to cryptocurrencies, please let me know. My only restriction is that the country must be in the areas I cover on this channel such as Africa, Latin America, Middle East, and South Asian Pacific. And lastly, If you like this content, please click the Like button on YouTube. You can also Upvote/Re-Steem this content on Steemit. For new people, you can also choose to follow me here on Steemit or subscribe on YouTube. So please feel free to post your questions below and if there is any specific cryptos you want me to look at, please let me know. I promise to get back to all of you!

Nick is a content creator for Sobuka with a background in programming, information technology, finance and digital forensics. He shares interest in cryptocurrencies by reporting on International Affairs. You can find myself, B, and Sarah here from time to time.

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Relevant Sources

[1]. “North Korea Could Be Targeting Bitcoin Exchanges in Hacking Attack.” By Sterlin Lujan. 8/25/2017. https://news.bitcoin.com/north-korea-could-be-targeting-bitcoin-exchange-in-hacking-attack/

If you like this article, you may be interested in the following Steemit post & commentary about North & South Korea. There are also tons more stuff about Korea on my YouTube channel: