Breaking news: Baidu (NASDAQ:BIDU) accepts BITCOIN!

[faiza1990]

As always, the subject is artificially misleading...
It's not the Baidu itself. Shame on you!

mean its just rumors and nothing official from the company

[foggyb]

As always, the subject is artificially misleading...
It's not the Baidu itself. Shame on you!

mean its just rumors and nothing official from the company

Someone said there was a press release.

[bbit]

wow! this is good to hear.

[greyhawk]

google translate says this is about buying music 

[01BTC10]

google translate says this is about buying music 

Probably a poor translation of a Chinese expression that say that they enabled Bitcoin payment.

[darkmule]

I agree. Bitcoin is not a VIRTUAL currency, it IS money.

At least if China is using the term correctly, a ban on virtual currencies would indeed not impact Bitcoin, which is a digital currency, and specifically, within that category, the leading cryptocurrency.  "Virtual currency" is a narrow term referring, generally, to currencies used within virtual worlds or other gaming environments, whose primary purpose is to purchase in-world items.  China outlawed using these for the purchase of out-of-world items, largely as an anti-fraud measure, because as virtual currencies began to acquire real-world value, they were used for illegal purposes but, more importantly, were susceptible to insiders simply "printing" themselves as much virtual currency as they wanted for their own personal profit.  Specifically, an executive at Shanda Interactive Entertainment was sentenced to prison for creating a large amount of virtual currency for his own profit.

While Bitcoin has the same susceptibility to fraud and use in illegal activities as cash, it does not have the much more serious problem of one person unilaterally being able to create value out of thin air (essentially stealing it from other holders by deflating their holdings).  So if Baidu is doing this, I think they're on pretty solid ground.  If the Chinese government does ban Bitcoin, it will probably not be for the same reason as they banned using virtual currencies for real world purchases, as those reasons really only apply to virtual currencies that can be created willy-nilly by one entity.

[Patel]

This is a fake

Article links to bitcointalk

Bitcointalk links to article

Not official

Address is just getting free coins.

Its a fake rumor at most to generate hype and get some free coins to the address.

[trifith]

Probably a poor translation of a Chinese expression that say that they enabled Bitcoin payment.

Google translate is pretty much always a poor translation.

[01BTC10]

This is a fake

Article links to bitcointalk

Bitcointalk links to article

Not official

Address is just getting free coins.

Its a fake rumor at most to generate hype and get some free coins to the address.

wtf dude check your host file or DNS: http://jiasule.baidu.com/news/525cd5aabf9efd699f800e7e/

[trifith]

Anyone can get articles posted to Google News via Press Releases, but does that mean Google published that article?

It is a press release from baidu, posted on baidu's website. What more evidence do you want?

[cypherdoc]

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?

you really think they'll have a hard time figuring that one out?

[jl2012]

As always, the subject is artificially misleading...
It's not the Baidu itself. Shame on you!

mean its just rumors and nothing official from the company

This is a fake

Article links to bitcointalk

Bitcointalk links to article

Not official

Address is just getting free coins.

Its a fake rumor at most to generate hype and get some free coins to the address.

Do you guys know Chinese? If not, stop spreading FUD

[DanielBTC]

http://jiasule.baidu.com/news/525cd5aabf9efd699f800e7e/


Maybe jiasule is an username or customer name

And this 525cd5aabf9efd699f800e7e is very strange too.

Doesn't seems legit.

[jl2012]

As always, the subject is artificially misleading...
It's not the Baidu itself. Shame on you!

Is Google+ Google? If Google+ accepts bitcoin, is it Google itself accepting bitcoin?

Baidu Jiashule is a service provided by Baidu (BIDU): http://jiasule.baidu.com/overview/ (I'm not going to translate for you). Do you think a random service can abuse a NASDAQ listed company name without being sued?

[jl2012]

http://jiasule.baidu.com/news/525cd5aabf9efd699f800e7e/


Maybe jiasule ia username or customer name

And this 525cd5aabf9efd699f800e7e is very strange too.

Doesn't seems legit.

How about a wager of 1BTC?

For anyone who believe this is a scam, put your money where your mouth is

[trifith]

And this 525cd5aabf9efd699f800e7e is very strange too.

Doesn't seems legit.

525cd5aabf9efd699f800e7e is perfectly legit. Chinese characters don't do well in URL's, since not everybody can type or read them, so they use a different system for international compatibility, rather than article title.

[SgtSpike]

Well this is an interesting development...

[DanielBTC]

Another automatic translation:
Hundred degrees accelerate to clear the bit coin payment service happy
On October 15, 2013

As a new tideThe IT person, took a professional stationmaster, what can manifest our characteristic? The answer is certainly I has a bit coin!!!

Bit coin (Bitcoin) took the emerging electronic currency, the digital currency, internationally already obtained the very great degree approval, arrived in thoroughly the daily life.May use for to buy a coffee, also may exchange Cheng Zhenjin directly the silver.But in domestic, a bit coin also is one “fashionable” the thing, today, a good news takes to everybody, from October 14, 2013, hundred degrees accelerates the Yuezheng type support bit coin payment.Hundred degrees accelerate the happy users to be possible to use the bit coin purchase to accelerate the happy all payment service.Hundred degrees accelerate the happy achievement Internet innovation, becomes a first support bit coin the cloud service manufacturer, brings the richer payment way and the experience for everybody.

Future, hundred degrees will accelerate Lohwei to continue to make more new attempts, will bring the more more convenient payment way for everybody!

Hundred degrees accelerate the happy bit coin address for payment: 1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

[01BTC10]

Even worse than translate.google 

[theonewhowaskazu]

Default search engine now == baidu (from duckduckgo).