Earlier this year I visited Seoul in South Korea to learn more about bitcoin and blockchain there. I had some amazing adventures: bought some tea with bitcoin, visited the bitcoin center, used the phone-booth bitcoin atms, interviewed sponsors of the d10e conference I was emceeing, and chatted to people in the line friends cafe about bitcoin :)
South Korea may well be the future of blockchain!
Huge thank you to Jason King for helping me film!
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I wish we could of met so I could of given you a real insight on Bitcoin in Seoul because the rest of Korea doesn't really use it. Plus that man's estimate on out of every 10 people who uses it, is wrong. Korea has a large trading volume BUT not a huge daily use number.
Naomi Brockwell it's real difficult for people who only spend their time in Seoul to understand that the rest of S. Korea like Busan which is the 2nd biggest city doesn't have Blockchain confrences.
It's also hard for them to acknowledge that outside of the Blockchain circles they hang in mainly, everyone else would use a T-Money card before Bitcoin because you load stable fiat on to a card that can be used for a cab, bus, train, buy food, some places pay for hotel, go see a movie, and more with. Bitcoin is NO WHERE near that level of use here because Bitcoin goes against Koreans' morals which is stability and security. Bitcoin and other cryptocurrencies is liked for the fact they were able to make gains up to 48% off of arbitrage trading and then they moved those profits into fiat that's stable and secured.
Most of the confrences are in Seoul because the international airport is closer to Seoul. Therefore, creating a centralised location of money for Blockchain devlopment and confrences in Seoul. NOT S. KOREA.
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