What really matters is that the South Korean government has recognised that it can be used by legitimate civilians rather than just criminals by selling to what they hope are legitimate civilians.
Very interesting. I wonder if we see this continue as a trend in other governments (auctioning crypto currencies for fiat currency)? Or maybe even the reverse.
Interesting indeed. I think this will be a first time that a bitcoin auction is going to held. Haven't heard any bitcoin friendly country doing it. I think the bitcoin auction should be on a portion so that a lot of casual investors there can get a cut out of it otherwise it will just turn to another whalers their. So its really positive that South Koreans is doing this instead of just losing the coins forever.