recently a major China newspaper reported bitcoin

[qikaifu]

and the title said that

"Made your own money and purchase some goods on taobao.com" (the ebay of China)
"Someone created bitcoin, exchanging with currencies around the world, some investors are waiting for the rally, and some Chinese people are mining it"


and there is a discussion wave about bitcoin on weibo.com, the twitter of China.

http://www.fawan.com.cn/html/2011-09/26/content_330104.htm

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[Litt]

Hmm china 

[johnj]

As big of a 'boom' as mainstream China would be for bitcoin, somehow I just don't see the government embracing a decentralized anything. Maybe Hong Kong or one of the other model areas... but then again maybe my grasp on Chinese politics is outdated.

[qikaifu]

well, the ppl living in China are not always acting in the way gov like, just like ppl all around the world.

[Elwar]

Like China has any sort of economy...or people...

 

[dsp]

and the title said that

"Made your own money and purchase some goods on taobao.com" (the ebay of China)
"Someone created bitcoin, exchanging with currencies around the world, some investors are waiting for the rally, and some Chinese people are mining it"


and there is a discussion wave about bitcoin on weibo.com, the twitter of China.

http://www.fawan.com.cn/html/2011-09/26/content_330104.htm

How will they deal with the inability to counterfeit it. I think this will be a real barrier to entry in to the Chinese market.

[the founder]

How will they deal with the inability to counterfeit it. I think this will be a real barrier to entry in to the Chinese market.

LOL!!!!

[Elwar]

http://www.fawan.com.cn/html/2011-09/26/content_330104.htm

Link is screwed up...leads to a page full of gibberish.

[ThomasV]

in case you missed it, there's a chinese bitcoin exchange, where traded volume has been growing nicely:

[Elwar]

This is actually pretty big (just read the article).

Even a small bump in the Chinese market will affect us quite a bit.

[worldinacoin]

I won't be surprised if bitcoin sites are those about to be blocked by China, they are extremely paranoid about anonymous thingy

[TiagoTiago]

I would think it's likely the gov there will find ways to get inside to monitor and control, even if it is by counterfiting Bitcoin itself (not bitcoins, i mean the actual Bitcoin project)

[worldinacoin]

I think they will definitely try, if succeed, it should be in, if not, it will be blocked by the Great Wall.

I would think it's likely the gov there will find ways to get inside to monitor and control, even if it is by counterfiting Bitcoin itself (not bitcoins, i mean the actual Bitcoin project)

[Elwar]

in case you missed it, there's a chinese bitcoin exchange, where traded volume has been growing nicely:

It appears that early September somebody took out a lot of Yuen.

[Bitcoin Oz]

Maybe they would make their own version. Just like Google has a competitor in baidu bitcoin might have a chinese version.

[oOoOo]

It just occurred to me that this could be a way for non-chinese to acquire yuan working around exchange controls. Once the yuan appreciates in value this could turn out to be a profitable venture.

[istar]

There have been other articles before in some quite big chinese newspapers on the economic pages.

[afro25]

How will they deal with the inability to counterfeit it. I think this will be a real barrier to entry in to the Chinese market.

Maybe someone will create a 'ChinaCoin' fork and go from there? There'd be no way of counterfeiting them, but creating a fork is probably the next best thing they could do...

[Technomage]

This is great news. Could be really big. What people maybe don't know about China is that there are a lot of people there who don't like the government controlling them and have found ways to go around anything they try. Incidentally, it happens that the crowd that usually gets most interested in Bitcoin (both left- and right-wing liberals, who are often geeks as well), is the kind of crowd that can't be stopped by the Chinese government.

There might be barriers, possibly very big barriers, for Bitcoin to reach Chinese mainstream, but even if it reaches the liberal geeks in China it will make a big effect. The numbers we're talking about is still millions of people.

[Prze_koles]

http://www.alexa.com/siteinfo/fawan.com.cn#

global rank: 153,321
china rank: 13,321

yea, fucking major newspaper. my cat's blog has better rank.