Business 22 March 2019

Dan Taylor

North Korea dissidents turn to cryptocurrency to topple Kim Jong-un

A group of North Korean dissidents is working to overthrow the government and topple leader Kim Jong-un with the help of cryptocurrency.

The group, called Cheollima Civil Defense, is selling visas to a future free North Korea. According to the South China Morning Post, would-be citizens can buy for the equivalent of 1 ETH, for one of the first 1,000 visas to be issued. The official Cheollima website, however, did not indicate the price of each visa.

A total number of 200,000 visas are expected to be issued by the group, which hopes to raise as much as $27 million selling the citizenship documents on the blockchain.

The visas can be traded in secondary markets, and there are no limits to the number of visas one individual can buy. Higher tier visas are available for those who wish to buy rights to operate commercially in a future, post-Kim North Korea.

Visas will entitle the holder to remain for 45 days in the Cheollima Civil Defense’s future state, dubbed ‘Free Joseon,’ with the first visas set to go on sale this Sunday.

The group of revolutionaries and political activists have been increasingly strident in their opposition of the North Korean regime in recent weeks. The group claimed an act of vandalism against North Korea’s embassy in Malaysia, as well as storming the country’s Spanish embassy in a stunt protest.

The group also rose to prominence through their involvement in the rescue of Kim Jong-nam’s son, Kim Han-Sol, who had been identified as being at risk of state-sponsored assassination.

The group has already raised 14 BTC, while ETH donations are yet to get off the mark, ahead of the visa sale which gets underway early next week. The preference for BTC and ETH comes from the group’s concerns about concealing their identity.

According to a note on their website, identifying even one member of the team could put their lives at risk. The group explained, “The identification of even a single member could lead to the identities of others. Several of us have already escaped their attempts on our lives and that of our families. Many of our compatriots and their relatives have not been as fortunate. And any left surviving in concentration camps would surely face execution if the identities of their family members were dissidents were made known.”

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

The Bitcoin Vision: Episode 10

Business 18 April 2019

The Bitcoin Vision: Episode 10

Founding President of the Bitcoin Association Jimmy Nguyen is back in London for this week’s episode of The Bitcoin Vision, and he’s reunited with his crew who are equally excited about BSV’s latest big wins.

Read More
Dr. Craig Wright files formal libel claim against Bitcoin podcaster Peter McCormack

Business 18 April 2019

Dr. Craig Wright files formal libel claim against Bitcoin podcaster Peter McCormack

Dr. Craig Wright files formal libel claim against Bitcoin podcaster Peter McCormack, who publicly accused Wright of fraud over Satoshi Nakamoto identity.

Read More
Jack Liu responds to hasty BSV delistings, launches BSV-powered exchange & wallet

Business 18 April 2019

Jack Liu responds to hasty BSV delistings, launches BSV-powered exchange & wallet

Delisting Bitcoin SV from exchanges has inspired Jack Liu to start trading on his new BSV-powered exchange, FloatSV, earlier than expected.

Read More