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Bitcoin ATM is not a news for us. The biggest thing is it appears on the Xinwen Lianbo of CCTV on 28 October. This makes the last item of the Xinwen Lianbo today.

In case you don't know what it is, Xinwen Lianbo, literally "News Simulcast", is a daily news programme produced by China Central Television (CCTV). It is shown simultaneously by most terrestrial television channels in mainland China, making it one of the world's most-watched programmes.

A more important point is that Xinwen Lianbo is the MOST important political propaganda of CCTV. Any news appearing on it has to be seriously censored. The appearance of Bitcoin on Xinwen Lianbo is a really strong signal that the Chinese government, aka. the Chinese Communist Party, does not hate Bitcoin.

The link is here: http://video.sina.com.cn/p/news/v/2013-10-28/193663075917.html

This is the transcript:


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Sounds like some exciting news, I'll be interested to see what was said after it's transcribed.

Thank you for the news... and thank you soooooo much for a transcription of it! :)

This is the transcript:


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You should also note that there is only 30 minutes for Xinwen Lianbo per day, and only less than 1/4 of the time is for "International news" like this. The other international news today was "U.S. surveillance scandal continues to ferment"

How valuable Xinwen Lianbo is? This year, the TV commercials around Xinwen Lianbo costs totally 5.4 billion CNY (887.4M USD). It equivalents to 14.79M CNY (2.43M USD) per day. So the Bitcoin ATM (and Bitcoin) has just enjoyed a free advertisement of >1M USD.

Lamassu and the others will be happy  :D

It was just about the Canadian Bitcoin ATM (the article had appeared a while back in the western press).

Nothing to get too excited about (other CCTV reports were of more interest than this one).

It seems you don't get my point. The Bitcoin ATM itself is not the BREAKING NEWS. The BREAKING NEWS here is Bitcoin ATM on Xinwen Lianbo (Please read my analysis above)

No. Xinwen Lianbo is VERY unique. It is not yet another CCTV programme. Read my analysis and probably the wikipedia https://en.wikipedia.org/wiki/Xinwen_Lianbo

It could be difficult for Westeners to understand the uniqueness of Xinwen Lianbo. It looks like an "Evening News" on CNN or BBC, but actually there is no comparable programme in Western Countries. As wikipedia puts it:


Please note the bolded part. It is very true. The main objective of Xinwen Lianbo is to divulge or propagate political agenda.

It seems that not many of you feel excited. Actually, I see this as a bigger news than Baidu Jiasule accepting bitcoin. Be prepared for a Chinese-led party soon

 :o :o  :o




Edit : Oh, I see you got to it first. :D

Yes, this is very true. This is not yet another random financial chit chat programme. Bitcoin did appear on CCTV, but I consider those as only some chit chat programmes

Maybe we have some cultural understanding problem - my wife (who is Chinese) doesn't think it's relevant at all (but what would she know she was only born here).

So she wasn't grown up in China? As I said, it is difficult for Westerners to understand the communist China culture. If one wants to understand the CCP's latest agenda, Xinwen Lianbo is definitely among the top 3 channel.

TL;DR

The bottom-line message: CCP does not hate bitcoin. This is already the biggest news.

She only left China for our honeymoon - please I have lived here for 7 years and she has lived here for 30. How long have you lived in China?

(am guessing you are probably going crazy about the 0% commission on btcchina and trying to hype anything you can to do with China like I've seen others doing recently)

well, most of Chinese women hold the same opinion as your wife's, and they hate their husbands watching Xinwen Lianbo every evening. but Xinwen Lianbo is so important, that sightly different word used in it can indicate millions of business opportunities

In Hong Kong for >30 years. But I understand China much better than average Hong Konger

Every educated Chinese should know the uniqueness of Xinwen Lianbo. May be you should ask her to name another programme on CCTV that is more politically important than Xinwen Lianbo.

THIS!!!!  :D

Watching Xinwen Lianbo you need to literally listen to every single word

Xinwen Lianbo is unique because it's the only program required to be syndicated to ALL TV stations at 19:00. Basically, when you turn on your TV in China at 19:00, there is nothing else on, except Xinwen Lianbo. It is the voice of the CCP.

Only *retarded, brainwashed Chinese watch that shit* - a quote from my wife and something I would agree with having watched CCTV 9 here before (I stopped watching it years ago as does *anyone* who lives here for more than a year).

as a native Chinese, i can say you are perfectly right. but not all the educated Chinese know these, most of us don't care about politics, because it's dangerous to do so in this country, and actually, most of us don't know how important Xinwen Lianbo is, especially Chinese from common families which don't have members as officers or big businessman

LOL, if this makes you happy, I fell extremely excited by this news. I am not chinese and I don't have a big knowledge of Chinese culture, but accordingly to what you said and what I read online, the news must be taken very seriously. I just imagine this news reaching so many people, it's insane, expecially if I compare it to my country where Bitcoin has almost never been in the news, except for tech online websites.

every single word or even the sequence of these words, it's really a funny game, such important news in these big country has to published in such obscure way

This is sort of true, and THIS is EXACTLY the reason why it is a breaking news for Bitcoin on Xinwen Lianbo. Even absoutly no one was watching Xinwen Lianbo*, it is still a major breaktrough for bitcoin. Hope you can get my point


(* This is not even true. The TV commercials around it worth millions of USD per day)

Got it.  ;D

Welcome, retarded brainwashed Chinese people. This is bitcoin, and it is the future. Please buy.

so Xinwen Lianbo's mention of bitcoin is very important, it implies that Chinese government admit the legal position of bitcoin, many conservative Chinese investors will no long hesitate.

Might even be a sign from the Gov that they wouldn't be hostile to the introduction of Bitcoin ATMs in China, what do you think?

Shit - I hope I didn't just create a meme with that quote.

 :o

the audience rate is 40%, and every first channel of each province must play Xinwen Lianbo in 9:00-9:30 pm

Now replace Xinwen Lianbo with Fox, CNN, BBC in prime time (pluse they didnt mention then bitcoin is for drug cartels, phedofile and criminals). Do you see now ......

certainly they wouldn't. till now the official medium of China GOV is quite friendly to bitcoin, and today's Xinwen Lianbo makes a climax of it

So we can try to play the game here:


The above part is only plain facts. I don't see anything special. Agreed?


Plain facts, but no mention of scams, drug, etc. Which is good but not very surprising.



Another plain fact, but this may probably be the most interesting part of the report. It tells people that they could exchange CNY with bitcoin.


--------------

Generally speaking, the report tells people that they could buy things with bitcoin and exchange it with CNY. No negative wordings at all.

My conclusion: Bitcoin is officially legal in China, at least as of 28 October 2013.

Any comments from CCP experts?

This is not hard to understand. Bitcoin was mentioned specifically on the communist party's propaganda program, mandated to be aired on a whole buncha channels at a certain time. And, none of the "four horsemen of the infocalypse" were mentioned - money launderers, terrorists, child pornographers/pedophiles, and drug lords - This means that the communist party *does not hate bitcoin* and in fact, *wouldn't mind if chinese people bought some.*

This is not a "OMG it was on the news 5 bajillion people are going to see it and buy it!" If you think OP is claiming this, you are missing the point.

It is actually "OMG this BASICALLY an overt endorsement (as overt as they get, at least) by the communist party, therefore the more conservative businessmen will understand that they are not risking death by investing a little pocket change."

And to a lesser extent, it is "the retarded, brainwashed chinese people" (i.e. probably most of them if it's even remotely like America in terms of average political IQ) have been exposed to bitcoin on TV yet again and might be slightly more interested in getting involved.

All good things.

Choo Choo Choo!!!!

No, nothing on Fox, CNN, BBC could be comparable with Xinwen Lianbo

Tons of people criticize USA on this forum, but as far as i know USA is better than china speaking about freedom  :-\

How is a news article on something happening in another country show support for bitcoin in mainland china? I don't see the correlation, at all...

Xinwen Lianbo from CCTV-----this is the routine:
The first ten minutes: how busy all the governers are, how hard they are working for the people,how kind the government is to the people;
The second ten minutes: how happy all the Chinese are live their lives, how great all the Chinese are enjoying the governing of the communist party;
The last ten minutes:What a horrible life foreigners are suffering,they have gunshots in schools,wars in the middle east,natural disasters.....
All educated Chinese know about this-----This news broadcasting probably only make fun of those naive,immature foreigners who could understand Chinese!

yeh right
http://www.knoxnews.com/photos/2013/oct/26/398830/ (http://www.knoxnews.com/photos/2013/oct/26/398830/)

From Reddit :

Bitcoin's Chinese Wikipedia page views jumped x3 today http://stats.grok.se/zh/201310/%E6%AF%94%E7%89%B9%E5%B8%81 (http://stats.grok.se/zh/201310/%E6%AF%94%E7%89%B9%E5%B8%81)


http://www.reddit.com/r/Bitcoin/comments/1pdgnw/page_views_for_chinese_bitcoin_wikipedia_article/ (http://www.reddit.com/r/Bitcoin/comments/1pdgnw/page_views_for_chinese_bitcoin_wikipedia_article/)

It is hard to decide, but is china better than usa? At least the site you linked isn't being censored but is free to show that 

The routine is true, but I don't agree with your conclusion. There is no sarcastic wordings used.

(Although I'm HongKonger I speak quite standard Mandarin. I learnt it by listening to Xinwen Lianbo)

Please shut up. And if you're American than it's really embarrassing.

Thanks for elaborating my points. Seriously speaking, someone should now consider to setup Bitcoin ATM in China.

thanx jl2012.

everything you've said sounds reasonable.

Because they don't care, they will do what they want anyway if you get in they way  thay will kill you or lock and throw  key away (like teeneger Justin Carter locked for months for comments on facebook  ), USA have biggest prison population in the world.

Don't forget who pay those people showing on TV,of course they could not be sarcastic.
Most educated Chinese will read news from some websites.(some webs like news.163.com,or some private webs only for Chinese.)

Sure, Xinwen Lianbo is not even a real news programme. If you want to read real news, you should go elsewhere. Xinwen Lianbo is where people could read the mind of the country's dictator.

yes, this is the point.

it fits well with their desire to rid the world of the USD reserve currency.

Lol i'm european.

Indeed, it does. China's rhetoric on the matter has been getting more aggressive lately. I'm sure many of us have read the report of their official press agency calling for a "de-Americanized world" and new reserve currency:
http://www.zerohedge.com/news/2013-10-13/chinas-official-press-agency-calls-new-reserve-currency

I'm sure they'll want a stronger domestic-consumption economy before *really* trying to stick it to the dollar, but these are multi-decade processes, and they're sowing the seeds. To consider that they may already view bitcoin as an agent to draw demand away from the dollar is fascinating.

So the "communists" like bitcoin...  I really don't understand how that's a good thing.

This. And who cares about how many people actually watched it? Besides the huge potential legal implications, do you people know how many times the total market cap of Bitcoin the Chinese government has in USD?

 

Yes, off the top of my head, about 1000x.

(~$2T in USTs / ~$2B marketcap of bitcoin)

It is all rather odd. China still has capital controls, so it is strange that the regime would endorse something that allows those controls to be evaded.

Wouldn't it be more like Obama mentioning bitcoin positively on a State of the Union address, which is carried live by all the major networks?

now it's the united state of china versus the popular republic of america XD
world change, you don't merit to be called "the land of the free" anymore...
go open an obamacare account XD.

Here's the clip (starting around the 1:00 mark):

http://tv.cntv.cn/vodplay/e113334ee1144004bd59a55af704e1f2/860010-1102010100 (http://tv.cntv.cn/vodplay/e113334ee1144004bd59a55af704e1f2/860010-1102010100)

I think that the news in Europe and the US is just more subtle than Chinese State news in it's censoring and agenda pushing. At least it's obvious (more honest...?) when the state is directly telling you what it's plans for everything is.

And what do you get when you turn on your free-to-air TV at 6-7pm in the West? Wall to wall news. All definitely independent of state and corporate interference, of course.

looks all Greek to me.

We are seeing interest from China in the MasterCoin project as evidenced here: https://bitcointalk.org/index.php?topic=265488.msg3429668#msg3429668

Maybe you could assist transcribing the mastercoin instructions into Chinese?

Oh, you most certainly did :P

Really,really awesome news to hear!  ;D
To the moon!

OK i'm sorry to say this but i just cant stand it anymore.

Please call yourself HONGKONGESE..... there is no such thing as HONGKONGER....

I've lived in HK for several years.... but this is too annoying seeing you repeating that word.

You can find both on google. Both are used and neither of them is official, and I don't think you can find them in any serious dictionary. (It is quite sad that after >150 years of British colonization we don't even a noun for "Hong Kong people")

By the way, Hongkonger gives you more hits on google.

That's exaggerated.

I have a better analogy. Xinwen Lianbo is the official youtube channel of the CCP, except that it is broadcast to the national TV network. (so it's actually bigger than a youtube channel) It works like official youtube channel of any governments in the world: it tells you what senior officers do and say, it tells you what's happening the country, and it tells you important international news that might be relevant to the country. Occasionally, it may tell you some "interesting" news. So the breakthrough here is like the Whitehouse youtube channel shows Bitcoin ATM, and tells people that a bitcoin costs about 200USD.

On the 28th Oct, there are only 5 international news lines on Xinwen Lianbo, all the state wants their people to know:


The first 3 belong to the category of "other countries in chaos". This is the more important message so they are reported first.

The rest 2 belong to the category of "interesting news"

You should also note that Bitcoin ATM is the last item on the day's Xinwan Lianbo. CCP takes ordering EXTREMELY seriously. So yes, Bitcoin ATM is the least important news of the day. But that's fair enough?

I Googled around a bit.  I liked 'Hongkey' the best.

lol!

That's awesome, China is always good at buying our markets from us and making them better. :)

I thought the same. Why tell the people about an decentralized money that would allow economic freedom, unless its a trap?
Maybe they will open up a state monitored exchange? It will act as a fish net, and show who doesnt 100% believe in the state economy.

Or China understands that it could become the greatest super power ever. With a huge labor force and control of a lot of resources, they have few bottlenecks. Their leader is intelligent enough to understand that communism fails.  What if they love Bitcoin? They believe it the end all be all. A truly transparent economic system that would allow their country to reach its full potential.

Summed it up perfectly.

Are you serious?
 lol I hope you're sarcastic.................................


Also no.... CCP dont "believe" in Bitcoin. If you know anything about CCP or Communist in general,.... they dont believe in anything. NO RELIGION, only their supreme leader. If anything they resemble Fascism with a little twist.

For more context, it's been fairly obvious that China is encouraging its citizens to buy gold. Bitcoin could just be an extension of that policy, backed by a certain contingent of the party. If so, we ain't seen NOTHING yet.

Hits on Chinese Bitcoin article on Wikipedia, past 90 days:

https://i.imgur.com/PmolkbO.png

That was quite short. What does it say, is it positive?

edit: Somebody please put a Bitcoin sticker onto this beast: http://www.youtube.com/watch?v=RDZxvHE2s60

You can find the transcript in the OP

Cool. They did not say much but I guess it's more important they said anything at all.

My feeling is that the location of the robocoin atm in question (Vancouver) is significant to the story's coverage on XinwenLianbo.

Despite official capital controls, the party and business elite hold huge amounts of money outside of China and Vancouver is an epicenter for that activity. If you live anywhere in the pacific northwest, you feel this. The PRC's cash is sloshing around and squirting out the seams wherever it can... Just take a gander at the Vancouver condo market sometime to get an inkling.

I think this is very much an indicator that it is okay(ish) to incorporate BTC into one's personal gray market capital flight if one has family, business, or associates in BC...

i've actually build a BTC ATM prototype at a conf i run - www.geekcon.org
took me almost the entire weekend
http://www.geekcon.org/geekcon-2013/bitcoin-atm/

Driving home from work tonight in the UK. BBC radio 4 had a report about the canada ATM and a techy to help describe bitcoin, more power to bitcoin.  :) ;D

Nice. This is going to be amazing for the bitcoin market.

I am loving the vast and quick adoption of Bitcoin. It seems there is a concentrated effort to make this currency as main stream as possible.

Great.