[참성단]’Confiscation’ jackpot

The bitcoin craze isn’t terrible. In keeping with its name as a cryptocurrency, Bitcoin is still an unknown virtual asset to the public. There is no subject of issuance. It is a structure that pays when a specific mission is solved on a computer, and this is called mining. When it was first issued in 2009, the amount of bitcoin mined for 100 years was set at 21 million. It is said that 19 million units have been mined so far, and some PC room owners have become their main business. The identity of Satoshi Nakamoto, the creator of bitcoin, is also uncertain.

Nevertheless, they trade various cryptocurrencies including bitcoin on cryptocurrency exchanges around the world. Recently, the price of 1 bitcoin exceeds 70 million won. Money dreaming of a jackpot rushes to the exchange. The investment threshold is also low by dividing the transaction unit into one-hundredth (centicoin), one-thousand (millicoin), one-millionth (microcoin), and one-hundred millionth (1 Satoshi) bitcoin . As the amount of mining halved every four years due to the limited amount of mining, a global trading market of $1 trillion was formed with only bitcoins already mined, evolving into the most expensive currency in human history.

Suwon District Prosecutors’ Office recently hit the treasury with bitcoin. In the final trial against Mr. Ahn Mo, who operated an illegal sexual exploitation site in 2018, the Supreme Court confirmed a court judgment that confiscated 191.3 bitcoins acquired for criminal activity in June of 1 year of imprisonment. Ahn’s bitcoin, which was 270 million won (1.41 million won each) at the time the police seized it in April 2017, and the prosecution sold 12.29 billion won (6436 million won each) on the 25th of last month. If it had been sold at the current market price, it would have received an additional 10 million won, but even with a profit of 45 times or more, it would be dazzling. I want to be a more cruel psychological punishment for Ahn, who was released from prison after being released as a prisoner.

‘Confiscation Jackpot’ has been added to the jackpot episodes lined up behind the bitcoin craze. The cryptocurrency trading market, experienced by a reporter from the Kyungin Daily’s Ministry of Economy, was a point where 2,000% rises per day, and tens of percent fluctuate within a few minutes. It does not have as much stability as a snow product, and its practical market value is extremely limited. Just as Elon Musk soared when he started mass burial, unidentified large hands at the apex of catastrophe may disappear like a mirage if they shake their hands.

There is no country that accepts cryptocurrency, but it is difficult to get rid of the market where astronomical cash is already tied up. Ordinary people need to be reminded of the’curse of tulips’.

/ Insoo Yoon, Editorial Director