Bitcoin Seoul 2024 Recap: Bitcoin Ecosystem In North East Asia Bitcoin Conference in Asia - Bitcoin conference in Asia to discuss trends in Northeast Asia, including Korea, China, and Japan. - Report on how Bitcoin is perceived in various parts of the world shows Japan has low adoption, China is in the middle, and the Korea has high adoption. - Skepticism of Bitcoin is higher in the US than in other countries. Public Perception of Cryptocurrency - Public understanding of cryptocurrency is improving, but still limited. - Recent events, such as the fall of Luna, have contributed to this change. - Many people still view cryptocurrency with skepticism and uncertainty. Investment Opportunities in China and Japan - Real estate is shaking in China, while stock markets are performing well, attracting investors from traditional sectors. - Japan faces a challenge due to limited job opportunities, making it less popular for investment. - Investment opportunities in Japan are hindered by a lack of interest in investments, as well as language barriers. Challenges in Starting a Business - Starting a business is challenging, especially cryptocurrencies. - It requires creativity, significant investment, and a focus on creating actual value and utility. - The difficulties are similar for both Japanese and Chinese. Discussion on China's ban on cryptocurrency - China's ban on cryptocurrency and its impact on businesses. - The ban has caused confusion and uncertainty in the cryptocurrency industry. - The long-term effects of the ban are still unknown. Cryptocurrency Discussion - Difference between Bitcoin and cryptocurrencies. - Hong Kong approved ETF Bitcoin and its significance. - China's potential shift towards openness in cryptocurrency regulations. Japan's Response to Fukushima Daiichi Nuclear Disaster - The Fukushima Daiichi nuclear disaster caused significant safety concerns and economic losses in Japan. - The government compensated for the financial losses, but public fear and regulatory challenges persisted. - Radiation from the disaster affected the region for several years. Regulations in China and Japan - Regulations in China are ambiguous but not strictly followed, while in Japan, they are ambiguous but strictly followed. - Strict regulations in Japan prevented losses during the FTX collapse, but they can also hinder innovation. - The government's role in regulating cryptocurrency is a complex issue with both positive and negative aspects. Discussion on Luna and its impact in Korea - Luna, a cryptocurrency, experienced a significant downfall last. Discussion on regulations in Korea and its impact on Bitcoin trading - Regulations in Korea have increased, affecting Bitcoin trading. - Exchange limits have become stricter, impacting peer-to-peer Bitcoin trading. Lightning Adoption Trends in Japan - Lightning adoption in Japan is driven by technically proficient individuals. - Compared to other Asian countries, Japan has fewer technical experts. Korean Cryptocurrency Market - Korean cryptocurrency market is very active. - Regulations in other countries make it difficult to trade cryptocurrency. - Many people in Korea like to buy cryptocurrency. Challenges in Promoting Blockchain Adoption - Korea has advanced in blockchain technology, but adoption and social impact are lacking. - Efforts are being made to increase adoption, such as organizing meetups and setting up stores. - However, there seems to be limited interest from the public. Lightning Development in Japan - Lightning development in Japan is hindered by regulations around custody. - Custodial lightning requires expensive exchange licenses, making it difficult for developers to build simple applications. - Non-custodial technologies are expected to drive adoption in Asia. Networking and Shakepoint - Networking is important, but not many people reach out. - Shakepoint is popular in China and has developers working on it. - Developers are waking up to the importance of networking. Cryptocurrency Exchanges in Korea - Many investors are interested in investing in lighting network related progress. - Korea has some of the highest point exchanges. - There are many people who trade their cryptocurrencies in Korea. Blockchain Technology and Its Potential - Blockchain technology is unique and has the potential to revolutionize various industries. - It allows for secure and transparent transactions without the need for intermediaries. - Its decentralized nature makes it resistant to censorship and fraud. Adoption in Korea - Adoption process in Korea is fast, unlike other countries. Discussion on Payment Methods and Exchange Adoption - Exploring alternative payment methods like widely payment. - Privacy concerns in Japan may hinder exchanges from adopting lightning. - Exchanges prioritize other factors like fees and growth over adopting lightning. Discussion on the properties of sound money - Sound money should be usable by anyone, anywhere in the world. - The US Dollar is the primary source of funding for terrorism worldwide. - Bitcoin has potential as a sound money due to its decentralized nature. Discussion on Data Recording - Recording of human activities is a concern. - Unsure about the best course of action. Positive Impact of AI on Education - AI has the potential to revolutionize education by making learning more personalized and interactive. - It can help students learn about complex concepts and develop critical thinking skills. - AI-powered tools can also help educators track student progress and identify areas where they need additional support.