We need only 1 big company of USA to start accepting Bitcoin

[vandeam]

Guys the chines are rushing on Bitcoin because Baidu started accepting it.. and gives Bitcoin HUGE exposure in china.
we only need 1 big company to start accepting Bitcoins and we can take back reins from China i'm afraid if this wont happen soon most of BTC will be in china.. ;(

[Phinnaeus Gage]

Guys the chines are rushing on Bitcoin because Baidu started accepting it.. and gives Bitcoin HUGE exposure in china.
we only need 1 big company to start accepting Bitcoins and we can take back reins from China i'm afraid if this wont happen soon most of BTC will be in china.. ;(

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

Total Received   1.37549469 BTC

Good luck with taking back the reins from China. From the looks of Baidu's transactions, no country will be able to catch up. <sarcasm>

[superresistant]

I think he is talking about the positive exposure, not the Bitcoin wallet of Baidu.

[sushi]

Bitpay is in USA Market
Bitstamp is I thought headed to USA as well

Sad part is Mt Gox lost the US Market.  Now they are in the legal problems in USA and the court case is against them.  US Gov seized their US Bank Accounts.


US Market is a tough one to get into.  So many financial regulations and it will cost at least $2,000,000 to register as the Financial Service Company + regulatory filing cost with USA Hourly Lawyer fees that would be another $250,000 USD + a few financial professionals to hammer out the compliance things + a publicly accessible offices.

It seems to be at least $5,000,000 USD just to get into the market with 6-12 month waiting period.

[vandeam]

I think he is talking about the positive exposure, not the Bitcoin wallet of Baidu.

yes i do.

[inform]

maybe this need future if america not die in crysis 

[Paleus]

I don't see why Google shouldn't start accepting BTC. Would make total sense to me, and it would be huge for the bitcoin economy. China is running away with it at this point.

[Kenshin]

I don't see why Google shouldn't start accepting BTC. Would make total sense to me, and it would be huge for the bitcoin economy. China is running away with it at this point.

From what I read about the Google Glasses, they should accept bitcoin soon. Because you can pay bitcoin using your Google Glasses.

[btctraderr]

Bitpay is in USA Market
Bitstamp is I thought headed to USA as well

Sad part is Mt Gox lost the US Market.  Now they are in the legal problems in USA and the court case is against them.  US Gov seized their US Bank Accounts.


US Market is a tough one to get into.  So many financial regulations and it will cost at least $2,000,000 to register as the Financial Service Company + regulatory filing cost with USA Hourly Lawyer fees that would be another $250,000 USD + a few financial professionals to hammer out the compliance things + a publicly accessible offices.

It seems to be at least $5,000,000 USD just to get into the market with 6-12 month waiting period.

Bitstamp is based in Slovenia.

Stupid idea for anyone to start up in the USSA these days with the hostile government and excessive regulations, much better to setup somewhere like Hong Kong, Singapore etc. 

[sushi]

But to capture one of the large market, BTC can't miss USA.  Wire Transfer from EU or even HK will cost US users $50 per transfer + whatever the buy price loss and less than 1% service fee.

Seems like EU is covered as Bitstamp has office in UK and seems to be okay with their GOV, Chinese are almost okay but something funny going on in HK Gov.  MtGox got Japan and at least they are doing okay with the Japanese Regulators and some of the EU Regulators as MtGox provide "Know your Customer" or BSA things to the US IRS, so many people

[kokojie]

I believe the biggest company accepting bitcoin in USA is wordpress.com?

[marcus_of_augustus]

That would bring Bitcoin mainstream fast but it aint gona happen, China's willing to get behind Bitcoin and give it a chance but corporate USA won't tread on their banking cronies toes. So we get this weird situation we're in with one part of the media pushing Bitcoin like crazy so the US doesn't loose its lead and another part trying its best to discredit Bitcoin as a passing fad (don't forget the tulips ). The US has spent years putting up barriers so only "our kind of people" get to profit from new opportunities and innovations, it worked in the good times but now its going to cripple them.

Hugely important point being made here.

The establishment in USA is going to strangle itself on its own old rules ... good riddance is all I can say.

[Izerian]

Bitpay is in USA Market
Bitstamp is I thought headed to USA as well

Sad part is Mt Gox lost the US Market.  Now they are in the legal problems in USA and the court case is against them.  US Gov seized their US Bank Accounts.


US Market is a tough one to get into.  So many financial regulations and it will cost at least $2,000,000 to register as the Financial Service Company + regulatory filing cost with USA Hourly Lawyer fees that would be another $250,000 USD + a few financial professionals to hammer out the compliance things + a publicly accessible offices.

It seems to be at least $5,000,000 USD just to get into the market with 6-12 month waiting period.

Bitstamp is based in Slovenia.

Stupid idea for anyone to start up in the USSA these days with the hostile government and excessive regulations, much better to setup somewhere like Hong Kong, Singapore etc. 

You hit the nail on the head, good sir.

Land of the free

[inform]

or be popular in europe this not know

[sushi]

IMHO...

Let the Bitcoin trading companies being regulated and comply with wherever they do business and pay taxes on all.

Problem is US Gov wants all the bank to give up american's money matters even who lives outside USA.  That would scare off many non-american banks.  Already many americans lost their bank accounts this year due to the new law passed in the USA.

don't know good or bad, but just open the company in the USA, meet all the requirements and pay taxes, then all would be good with the Gov at least rather than keep fighting.

many who don't want the Gov how much BTC they have will continue to trade elsewhere and outside the USA, so they will continue to evade, but as long as the Gov can tax the majority of average users, they will back off!

[Beymond]

Guys the chines are rushing on Bitcoin because Baidu started accepting it.. and gives Bitcoin HUGE exposure in china.
we only need 1 big company to start accepting Bitcoins and we can take back reins from China i'm afraid if this wont happen soon most of BTC will be in china.. ;(

The main reason for btc skyrocket are because of baidu ? they are sure to hold a lot btc before they announce

[sushi]

Chinese have lots of Gray Money in Billions.  They do have the grate needs.  They can't leave China with the Gray Money, they need to convert it to something then collect it elsewhere after they are in Chinatown in Vancouver, Canada, or Chinatown in San Fransisco, USA or somewhere in EU.''

[LiteCoinGuy]

come down brother. at the begin of the year nearly nobody thought, that we a can reach this stage with bitcoin. so be patient ;-)

[benjamindees]

Max Keiser hinted at something today:
https://twitter.com/maxkeiser/status/399173865026224128
It got me wondering about Bitmits sudden closure

Indeed.  Interesting happenings afoot.  Could it be eBay?  Amazon?  Google?  Do any of these have a lot of money in China that could be pushing up the price?  Popcorn at the ready, regardless.

[Mjbmonetarymetals]

Thought Bitcoin was a border-less currency ? China taking up crypto is a good thing