China telecom accepts bitcoins now, the race is on!

[Wendigo]

Apparently China Telecom started accepting bitcoins recently:
http://www.reddit.com/r/Bitcoin/comments/1roulj/china_telecom_accepts_bitcoin/

[drrussellshane]

[LiteCoinGuy]

naaa wait: to be correct:

Consumers in China can now purchase smartphones with bitcoin from a major carrier, after a local division of China Telecom announced a promotional offer for new Samsung phones this week.

http://www.coindesk.com/china-mobile-network-accepts-bitcoin/


nice but not so huge like you thought.

[Lauda]

naaa wait: to be correct:

Consumers in China can now purchase smartphones with bitcoin from a major carrier, after a local division of China Telecom announced a promotional offer for new Samsung phones this week.

http://www.coindesk.com/china-mobile-network-accepts-bitcoin/


nice but not so huge like you thought.

They're trying it out, after which they will probably accept bitcoin for most things.

[Minecache]

naaa wait: to be correct:

Consumers in China can now purchase smartphones with bitcoin from a major carrier, after a local division of China Telecom announced a promotional offer for new Samsung phones this week.

http://www.coindesk.com/china-mobile-network-accepts-bitcoin/


nice but not so huge like you thought.

What about the FT is reporting that Alderney is formulating plans to become the first international centre for Bitcoin transactions.

Alderney's finance minister has had discussions with the Royal Mint on licensing a physical coin, and the Treasury (which oversees the Royal Mint) has invited the Alderney team for talks on how a licensing scheme would work.

That good enough for starters?

[Lauda]

What about the FT is reporting that Alderney is formulating plans to become the first international centre for Bitcoin transactions.

Alderney's finance minister has had discussions with the Royal Mint on licensing a physical coin, and the Treasury (which oversees the Royal Mint) has invited the Alderney team for talks on how a licensing scheme would work.

That good enough for starters?

Population
 -    estimate   1,903

I'll leave it at that.  

[Minecache]

What about the FT is reporting that Alderney is formulating plans to become the first international centre for Bitcoin transactions.

Alderney's finance minister has had discussions with the Royal Mint on licensing a physical coin, and the Treasury (which oversees the Royal Mint) has invited the Alderney team for talks on how a licensing scheme would work.

That good enough for starters?

Population
 -    estimate   1,903

I'll leave it at that.  

What's the population got to do with it? 

[Lauda]

What's the population got to do with it?  

Meaning that it won't have much impact. Although them being first could lead to others doing the same.

[Minecache]

What's the population got to do with it? 

Meaning that it won't have much impact. Although them being first could lead to others adopting it.
Imagine if China did that with their population.   

I take it you haven't read the actual article or know much about their business on the islands.

Anyway Rome wasn't built in a day and all that... 

[Lauda]

I take it you haven't read the actual article or know much about their business on the islands.

Anyway Rome wasn't built in a day and all that... 

You've quoted the v1 post. The last part was not necessary.
Anyhow illegal business, I know. They want to launder money easily since they would be the centre.   

[pand70]

What about the FT is reporting that Alderney is formulating plans to become the first international centre for Bitcoin transactions.

Alderney's finance minister has had discussions with the Royal Mint on licensing a physical coin, and the Treasury (which oversees the Royal Mint) has invited the Alderney team for talks on how a licensing scheme would work.

That good enough for starters?

A physical coin? What is that supposed to mean? A physical bitcoin that will be issued from the royal mint? For me thats a step back not something that will push things forward. Apart from being a complete nonsense anyway.

[kellrobinson]

This is pretty wild:
"The virtual Bitcoins backing the physical coins would be held in digital storage facilities by Alderney.
The Mint would issue the commemorative Bitcoin, paying for the value of the gold content itself."
Do you grok--  they are issuing gold coins and backing them with bicoin!
Talk about a paradigm change.  It sounds like the world is turning upside down.
http://www.ft.com/intl/cms/s/0/4903fc9a-591f-11e3-a7cb-00144feabdc0.html#axzz2m52fpsUl

[omega33]

At least it is a good start in btc as a currency

[Bitcoinpro]

so China telecom is now one of my largest Bursary's 

[bryant.coleman]

If I am not mistaken, China Telecom is completely owned by the Chinese govt.

So indirectly, this can be interpreted as the Chinese government giving some sort of legal recognition to the BTC.

[Mike Christ]

[shadowninjax]

wow this is good news. now it really looks like the Chinese government is into the game.

[Lauda]

If I am not mistaken, China Telecom is completely owned by the Chinese govt.

So indirectly, this can be interpreted as the Chinese government giving some sort of legal recognition to the BTC.

You're right, it is owned by the govt. Meaning that we could possibly see more retailers accept it.
Time to buy everything with bitcoin. 

[ajax3592]

China will always stay loyal to the idea of Bitcoin I can personally guarantee this.
The working of Bitcoin matches the Communist ideology.

[Relian]

You see it happening in every place. It is so excited