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

[jl2012]

Hopefully good news but lets not get ahead of ourselves, that payment address so far has about $23 in it.

Those are only donations. I won't expect the volume would be high in the near future. This is mostly a gesture and PR move.

BTW, thanks for the one who donated 0.01XBT to me

[LiteCoinGuy]

THIS is HUGE news  

cant believe it. its the google of asia and they take bitcoin    (market cap of $53 billion; NASDAQ-listed company)
even if this is only advertising.

until now its "only" for the "Jiasule service" but the news is hot like hell  


Chinese internet giant Baidu starts accepting bitcoin

http://www.coindesk.com/chinese-internet-giant-baidu-starts-accepting-bitcoin/

[jl2012]

THIS is HUGE news   

cant believe it. its the google of asia and they take bitcoin     (market cap of $53 billion; NASDAQ-listed company)
even if this is only advertising.

until now its "only" for the "Jiasule service" but the news is hot like hell   

We all know that the "first confirmation" is always the biggest uncertainty in bitcoin transaction. When it enters the blockchain, further confirmations is just a matter of time

[bitbigbird]

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.

BAIDU will use YesBTC.co BTC API for bitcoin ACCEPTED. YesBTC Just like Paypal.


http://YesBTC.co

Source? I don't think Baidu would easily use a third party payment processor unless it's a really big one like Tenpay or Alipay

YesBTC‘s founder is the VP of Tecent  several years ago. Tecent is biggest internet company in China.

[LiteCoinGuy]

THIS is HUGE news   

cant believe it. its the google of asia and they take bitcoin     (market cap of $53 billion; NASDAQ-listed company)
even if this is only advertising.

until now its "only" for the "Jiasule service" but the news is hot like hell   

We all know that the "first confirmation" is always the biggest uncertainty in bitcoin transaction. When it enters the blockchain, further confirmations is just a matter of time

Good speech 

[Vycid]

https://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

Just received it's 5th transaction. Fuck the moon! This thing's aimed toward Mars.

This address is worth $32.59, you dope.

Half the transactions are probably from forum goers who are going to confuse the people manually confirming transactions and turn this into a failed experiment.

I do believe that the Chinese attitude toward Bitcoin is quite different than the western attitudes, though. And I think the Chinese entrepreneurs (and government) recognize this is an opportunity to finally be a technological first-mover.

There will probably be big news out of China soon, but this isn't it.

[trifith]

And please, what on earth is "Baidu Jashule" Is this a google-translate job?

Baidu is the Chinese equivalent to Google
Jashule is one of the branded services they offer.

[trifith]

And please, what on earth is "Baidu Jashule" Is this a google-translate job?

Baidu is the Chinese equivalent to Google
Jashule is one of the branded services they offer.

Oh wow, thank's genius 

I see you don't understand the standard translation protocol of transliterating proper nouns, rather then translating them. I'm sure the term means something in Chinese, but the correct usage in this case is to transliterate it. It's why bitcoin was created by Satoshi Nakamoto, rather than "Satoshi during this" which is what I get when I run the name through Google Translate.

[Singlebyte]

I would feel bad if I didn't chime in on this thread.  This is so HUGE that it is probably the tipping point.  You will now see other big vendors & websites join the ranks.  No one wants to be left behind on this huge new internet sensation.  And now as more governments mismanage their finances, BItcoin will truly be main stream.  Who will be the next large vendor to endorse BTC?

[qwertyqwerty]

And please, what on earth is "Baidu Jashule" Is this a google-translate job?

Baidu is the Chinese equivalent to Google
Jashule is one of the branded services they offer.

Oh wow, thank's genius 

I see you don't understand the standard translation protocol of transliterating proper nouns, rather then translating them. I'm sure the term means something in Chinese, but the correct usage in this case is to transliterate it. It's why bitcoin was created by Satoshi Nakamoto, rather than "Satoshi during this" which is what I get when I run the name through Google Translate.

it is 加速乐 you would just write Baidu Jiasu le , Baidu jiasule

[Phinnaeus Gage]

https://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

Just received it's 5th transaction. Fuck the moon! This thing's aimed toward Mars.

This address is worth $32.59, you dope.

Half the transactions are probably from forum goers who are going to confuse the people manually confirming transactions and turn this into a failed experiment.

I do believe that the Chinese attitude toward Bitcoin is quite different than the western attitudes, though. And I think the Chinese entrepreneurs (and government) recognize this is an opportunity to finally be a technological first-mover.

There will probably be big news out of China soon, but this isn't it.

https://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

Wow! A 100% increase since the quoted-quoted post. It's so popular, it's turned into a meme for pasting public messages.

[dancupid]

Total bullshit.

Their address: 1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

Why not send money to it for no reason - just guess a random amount to send in return for something unclear and unpriced.

[trifith]

Total bullshit.

Their address: 1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

Why not send money to it for no reason - just guess a random amount to send in return for something unclear and unpriced.

OOooh, Can I try that

If you send money to 17RbEbXTtijSdVssMSJeHiLKe2KxE4LYQ3 I'll do some unspecified thing at some unspecified time in the future.

[realdos]

One detail to be noted is that Jiasule used to be an independent company which was acquired by Baidu in Sept 2013. So far it is not clear whether it's the official decision by Baidu's management, or simply a creative move from Jiasule's team, which still enjoys a certain level of independence in terms of business operation.

[LiteCoinGuy]

One detail to be noted is that Jiasule used to be an independent company which was acquired by Baidu in Sept 2013. So far it is not clear whether it's the official decision by Baidu's management, or simply a creative move from Jiasule's team, which still enjoys a certain level of independence in terms of business operation.

thanks for that info. but its still great news.


http://jiasule.baidu.com/


damn, i cant speak chinese 

[Ivanhoe]

http://finance.yahoo.com/news/chinas-google-now-accepting-bitcoin-182100345.html

And on the frontpage of Yahoo

[minimalB]

Wow, this seems like a big news! 

[theonewhowaskazu]

So, does this mean that all the cloudflare Bitcoin users are likely to switch? Then there are people like Gox that use a similar non-cloudflare service. If it actually does get all of them to switch, that is a non-negligible amount of extra revenue.

[Vycid]

So, does this mean that all the cloudflare Bitcoin users are likely to switch? Then there are people like Gox that use a similar non-cloudflare service. If it actually does get all of them to switch, that is a non-negligible amount of extra revenue.

My observation is that most people who own bitcoin do not use bitcoin. So probably not, especially considering the difficulty of switching.

[theonewhowaskazu]

So, does this mean that all the cloudflare Bitcoin users are likely to switch? Then there are people like Gox that use a similar non-cloudflare service. If it actually does get all of them to switch, that is a non-negligible amount of extra revenue.

My observation is that most people who own bitcoin do not use bitcoin. So probably not, especially considering the difficulty of switching.

Why would a business with most of its income in the form of BTC rather than $, elect to exchange that BTC to $ to pay rather than just paying with BTC directly?