Bitcoin Forum

Here's a simple idea to work around the Chinese restrictions on Bitcoin.  The idea is basically to use Chinese investors in foreign property as intermediaries to bootstrap a market for Bitcoin exchange in China.  This gives Chinese merchants ready access to their local currency, while using Bitcoin to facilitate international trade.

	<- goods <-		<- yuan <-		<- property <-
foreign goods buyer		Chinese manufacturer		Chinese property buyer		foreign property seller
	-> bitcoin ->		-> bitcoin ->		-> bitcoin ->

(Obviously this model could be used anywhere.  I just used Detroit as an example.)

Ideally you would want to do this somewhere that would enforce a contract denominated in Bitcoin.

But of course

I thought it was the Chinese trying to get bitcoins? So maybe they should start selling off parts of China to get the bitcoins?