1.35 billion people won't adopt Bitcoin

[Come-from-Beyond]

Whatever you are talking about, the Chinese ban on gold farming was never implemented. 

Did China ban gold farming? Korea did.

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[greyhawk]

Whatever you are talking about, the Chinese ban on gold farming was never implemented. 

Did China ban gold farming? Korea did.

I don't know. Why don't we look in the first post of the thread apparently by some guy called "Come-from-Beyond"

In 2009, China outright banned gold farming

Looks like it.

[SGExodus]

You guys giving too much credit to a Government that can't even stop manufacturing of poison milk powder in their country

[Come-from-Beyond]

Whatever you are talking about, the Chinese ban on gold farming was never implemented. 

Did China ban gold farming? Korea did.

I don't know. Why don't we look in the first post of the thread apparently by some guy called "Come-from-Beyond"

In 2009, China outright banned gold farming

Looks like it.

Ah, right. Now I'm confused, is it illegal to purchase even VIRTUAL goods? I would read legal documents but I don't speak Chinese.

[Hawker]

Whatever you are talking about, the Chinese ban on gold farming was never implemented. 

Did China ban gold farming? Korea did.

China banned gold farming and gold farming bots.  One of our agents was arrested and shaken down for a good 9 months of his profits.  Then business carried on as normal.

Korea banned gold farming bots.  Its still a huge market for our D3 bot so I don't think they are making much effort to stop it: http://bitcoin.demonbuddy.com/

[Skrivitor]

Avalon ASIC is allegedly in Shenzhen, China. http://motherboard.vice.com/blog/engineering-the-bitcoin-gold-rush-an-interview-with-yifu-guo-creator-of-the-first-asic-based-miner

[Littleshop]

I think the 1.35 billion people in China are going to start to be more of a driver of bitcoin then the USA in 2014. 

[franky1]

I think the 1.35 billion people in China are going to start to be more of a driver of bitcoin then the USA in 2014.  

it only requires 11 million people in the world to put in less the 2 months worth of minimum wage salary into bitcoin to make bitcoin worth $1500

heres the maths

$1500 = under 2 months wages.. 11 million people = amount of bitcoins in circulation.. ill leave you to figure out the rest.

now that just leaves the other 5 billion people(minus china) in the world to fight over the rest of the bitcoin over the next few years

[lixiaolai]

Chinese will love bitcoin.

[gogxmagog]

From http://legalbrainz.blogspot.com/2012/11/regulation-of-virtual-currencies-in.html:

In 2009, China outright banned gold farming out of fear that virtual currency could affect its real world currency.  As a result, virtual currencies cannot be traded for real goods or services in the country.

Well... We shouldn't count these 1350 million people. It's minus 20% of possible Bitcoin userbase.

don't they make prisoners gold farm in china? if so, the govt. officials are obviously using virtual currency.

[gogxmagog]

From http://legalbrainz.blogspot.com/2012/11/regulation-of-virtual-currencies-in.html:

In 2009, China outright banned gold farming out of fear that virtual currency could affect its real world currency.  As a result, virtual currencies cannot be traded for real goods or services in the country.

Well... We shouldn't count these 1350 million people. It's minus 20% of possible Bitcoin userbase.

don't they make prisoners gold farm in china? if so, the govt. officials are obviously using virtual currency.

ofc, they most likely claim none of this ever happens, thus bs press releases etc. they put out propaganda (lies) that suggest their human rights policies are fair too.

[ewitte]

Preventing anything on the internet has pretty much worked so far lmao

[wingding]

Well... We shouldn't count these 1350 million people. It's minus 20% of possible Bitcoin userbase.

So more than 5000 millions remains to become users? Or buyers rather. How lucky for them that a small group of people already took the burden to produce the coins. Actually, the 5 billion new users can do with only 10 coins in total. Becuse bitcoins has the 'remarkable' property of beeing divisible.

[Stunna]

Preventing anything on the internet has pretty much worked so far lmao

THIS


I'm pretty sure china banned goldfarming, and the amount of goldfarming done in China is staggering.

[muyuu]

Let the butthurt flow through you

China is jumping aboard. Get over it.

[Come-from-Beyond]

China is jumping aboard. Get over it.

Already jumped - https://bitcointalk.org/index.php?topic=192243.0

[muyuu]

Haha. Riiiiight.

[Dharmadog]

Anyone who thinks that Chinese residences are not giving this BTC thing a go are sorely mistaken.  Will governments make it hard?  Sure.  The rumblings are out there.  I'm pretty sure that most countries don't want anyone pirating the latest Justin Beiber drivel but people still do it...