China and Bitcoin

[AquaMan]

http://www.ibtimes.com/battle-over-bitcoin-china-backs-us-startup-coinbase-us-falls-behind-virtual-currencies-1297147

This is just one of many articles if any of you care to read up on what China is doing with BitCoin.

 China is the largest economy, wether the "stats" say's its second or third, its the biggest and fastest growing. More users are now downloading the BTC qt than people in the U.S.

 I think this is great news, a steady rise in value for our precious Bitcoins.

[enigmazr]

It seems that the Chinese have a ton of experience with virtual currency already and perhaps a pent-up desire to exert more control over their financial affairs.  The recent CCTV coverage could possibly lead to widespread adoption, but I'm interested to see how the Chinese government regulates the bitcoin trade in the coming years.

[forumrabbit]

I think this is great news, a steady rise in value for our precious Bitcoins.

Bitcoins are intangibles; hardly precious.