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Author Topic: Breaking news: Baidu (NASDAQ:BIDU) accepts BITCOIN!  (Read 62707 times)
matt608
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October 15, 2013, 12:03:36 PM
 #21

A quick translation:

Quote
Baidu Jasule Accepts Bitcoin Payment

15 October 2013

How could we reflect the characteristics of a trendy IT person and a professional webmaster? The answer of course is to own bitcoin! ! !

Bitcoin as an emerging electronic money has already had a large degree of recognition in the world, deep into the daily life. It can be used to buy a cup of coffee, and also be directly converted into real money. In China, bitcoin is still a "fashionable" thing. Today, I have a good news for everyone: from 14 October 2013 onwards, Baidu Jashule officially support bitcoin payment. Baidu Jashule users can use bitcoin to pay for any Jashule services. Baidu Jashule as the innovator of the Internet, has become the first cloud services vendor to support bitcoin, giving us a richer payment methods and experience.

In the future, Baidu Jashule will continue to make more new attempts to bring you more convenient payment methods!

Baidu Jashule bitcoin payment address: 1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

(if you like this news and my translation, please donate to the address below. Thank you)

Thanks for the translation, what is Baidu Jashule?

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jl2012
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October 15, 2013, 12:03:56 PM
 #22

Why do they have a bitcoin address in the press release?

It is their payment address.

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

lol, the "innovator of the internet".

Frankly speaking, in many ways Baidu is a copy-cat, just like most Chinese enterprise. However, accepting bitcoin should still be considered as an innovation for this level of players

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October 15, 2013, 12:04:08 PM
 #23

The news is 5 hours old (check the comments) and there is still no significant movement at Bitstamp, Mtgox or BTCChina. =/

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October 15, 2013, 12:05:30 PM
 #24

A quick translation:

Quote
Baidu Jasule Accepts Bitcoin Payment

15 October 2013

How could we reflect the characteristics of a trendy IT person and a professional webmaster? The answer of course is to own bitcoin! ! !

Bitcoin as an emerging electronic money has already had a large degree of recognition in the world, deep into the daily life. It can be used to buy a cup of coffee, and also be directly converted into real money. In China, bitcoin is still a "fashionable" thing. Today, I have a good news for everyone: from 14 October 2013 onwards, Baidu Jashule officially support bitcoin payment. Baidu Jashule users can use bitcoin to pay for any Jashule services. Baidu Jashule as the innovator of the Internet, has become the first cloud services vendor to support bitcoin, giving us a richer payment methods and experience.

In the future, Baidu Jashule will continue to make more new attempts to bring you more convenient payment methods!

Baidu Jashule bitcoin payment address: 1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

(if you like this news and my translation, please donate to the address below. Thank you)

Thanks for the translation, what is Baidu Jashule?

Baidu Jiasule is a CloudFlare-like speed-up and anti-DDOS service for websites. You can google "CloudFlare" to learn it more.

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October 15, 2013, 12:05:59 PM
 #25

Not everyone is aware of it yet  Wink

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October 15, 2013, 12:05:59 PM
 #26

Interesting!

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October 15, 2013, 12:06:09 PM
 #27

This is probably some small group within them. A subsidiary. I'm not getting excited.
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October 15, 2013, 12:11:28 PM
 #28

Ok everyone, buckle up. It's gonna be a ride  Cool

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October 15, 2013, 12:11:51 PM
 #29

This is probably some small group within them. A subsidiary. I'm not getting excited.

I do some more research.

This was a service of another company started at Dec 2011, and Baidu acquired the company just on 2 Sept 2013. So yes, this is definitely an attempt to advertise the service. But any publicity is good publicity. This news has started circulating in all Chinese news sites.

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October 15, 2013, 12:18:51 PM
 #30

Great news Smiley
Would CloudFlare take the hint??

"@CloudFlare You guys should consider jiasule.baidu.com/news/525cd5aab…"
https://twitter.com/nvk/status/390088780121534464

Waiting for a reply...

It's the bitcoin incentive that makes the "blockchain" technology work, stupid.
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October 15, 2013, 12:29:36 PM
 #31

Thanks for the translation, what is Baidu Jashule?

http://jiasule.baidu.com/

According to themselves: ".... is the largest and most stable free website cloud protection, cloud acceleration platform"

I doubt they will get many customers paying with Bitcoin (see feedback from Wordpress/Reddit)
It's a nice gesture and it's good to see more famous names associated with Bitcoin.

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October 15, 2013, 12:31:45 PM
 #32

They're gonna get their teeth kicked in.

http://blogs.wsj.com/chinarealtime/2009/06/29/china-cracks-down-on-virtual-currency-for-real/

How are they gonna get rid of those coins they take in without breaking the "You can't buy real things with virtual currency" laws?

Perhaps China don't consider Bitcoin a virtual currency.
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October 15, 2013, 12:34:06 PM
 #33

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

Seems reasonable to me.  Even if it's probably because they don't have a system set up yet for manual payments, there will probably only be a trickle at first and they would be wise to be wary of fraud attempts, so manually processing transactions until they get the hang of it is completely sensible.
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October 15, 2013, 12:37:28 PM
 #34

They're gonna get their teeth kicked in.

http://blogs.wsj.com/chinarealtime/2009/06/29/china-cracks-down-on-virtual-currency-for-real/

How are they gonna get rid of those coins they take in without breaking the "You can't buy real things with virtual currency" laws?

Perhaps China don't consider Bitcoin a virtual currency.

From the same article:
"But no more. According to new regulations released jointly by the Ministry of Commerce and the Ministry of Culture last week, virtual currency should be exchanged only for virtual goods and services provided by the issuer of the currency."

Luckily in Bitcoin everyone is an issuer, so everyone can accept them. Wink
I think Bitcoin isn't consired with this new regulations. The Chinese government seems very pro-Bitcoin.

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October 15, 2013, 12:55:20 PM
 #35

Thanks for the translation, what is Baidu Jashule?

http://jiasule.baidu.com/

According to themselves: ".... is the largest and most stable free website cloud protection, cloud acceleration platform"

I doubt they will get many customers paying with Bitcoin (see feedback from Wordpress/Reddit)
It's a nice gesture and it's good to see more famous names associated with Bitcoin.

How is 2,5 usage% and 3,23 revenue% not many for a currency hardly anyone heard of before roughly 7 months ago?

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October 15, 2013, 01:05:47 PM
 #36

How is 2,5 usage% and 3,23 revenue% not many for a currency hardly anyone heard of before roughly 7 months ago?

That is not how most merchants think. They see that 2-3% is not enough to warrant the cost of adminstration associated with it.

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October 15, 2013, 01:08:15 PM
 #37

Why do they have a bitcoin address in the press release?

It is their payment address.

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

lol, the "innovator of the internet".

Frankly speaking, in many ways Baidu is a copy-cat, just like most Chinese enterprise. However, accepting bitcoin should still be considered as an innovation for this level of players

Yes, I agree. It's just that I find a bit unfitting the way it's implemented here. It represents about the level of sophisticatino of a small-time forum-based merchant. ("Just send the money and PM me what you want").

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October 15, 2013, 01:10:02 PM
 #38

Get ready guys, fasten your bitbelts we are going directly TO THE MOON!
Just imagine all the chinese enterprises going bitcoin in the next days. I think sooner or later many chinese enterprises will follow this example.

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October 15, 2013, 01:19:02 PM
 #39

Bitcoin is Breaking Baidu!
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October 15, 2013, 01:19:32 PM
 #40

The news is 5 hours old (check the comments) and there is still no significant movement at Bitstamp, Mtgox or BTCChina. =/
You seem to have missed the run up from $128 to $138 yesterday.

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