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Author Topic: China again覧it was on TV this time  (Read 3788 times)
qikaifu
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God creats math and math creats bitcoin.


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September 30, 2011, 09:55:44 AM
#1

http://v.youku.com/v_show/id_XMzA3ODE2ODY0.html

it introduced bitcoin first, then warned a lot about the investment risk and legal risk.

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1481249150
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finway
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September 30, 2011, 10:06:35 AM
#2

good.

Bigpiggy01
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September 30, 2011, 10:33:02 AM
#3

This is not necessarily good news  Undecided

Often stuff like this precedes active government action to curtail said activities Tongue

It does however mean that "the word is out".

And peeps here do love anything that allows them to bypass restrictions Grin

dancupid
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September 30, 2011, 02:50:11 PM
#4

This is not necessarily good news  Undecided

Often stuff like this precedes active government action to curtail said activities Tongue

It does however mean that "the word is out".

And peeps here do love anything that allows them to bypass restrictions Grin

I doubt the Chinese government will crack down on bitcoin for a while - if anything they will look for an economic advantage.
It depends on how Chinese people use it. If they start using it to move money out of China into alternative, anonymous safe havens, there may be a problem. But it's still much too small to worry the Chinese Government.
The Chinese people, on the other hand, will definitely use it once they see it's potential - if only to diversify their savings outside of the Chinese governments control.
(I live in Shanghai)
ElectricMucus
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September 30, 2011, 03:03:42 PM
#5

Can somebody please translate what is being said besides where they play the bitcoin commercial?

I wouldn't count on a big popularity swing yet, if we would have seen a more significant spike on the network, hell it didn't even surpass germany.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Elwar
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www.bitpools.com


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September 30, 2011, 03:12:10 PM
#6

Can somebody please translate what is being said besides where they play the bitcoin commercial?

I wouldn't count on a big popularity swing yet, if we would have seen a more significant spike on the network, hell it didn't even surpass germany.

The spike in trading tends to lag at least a week behind big news as people figure out how to change their money into Bitcoins.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
dancupid
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September 30, 2011, 03:21:35 PM
#7

Can somebody please translate what is being said besides where they play the bitcoin commercial?

I wouldn't count on a big popularity swing yet, if we would have seen a more significant spike on the network, hell it didn't even surpass germany.

The spike in trading tends to lag at least a week behind big news as people figure out how to change their money into Bitcoins.

Also the number of people in China in an economic position to use bitcoin is equivalent to the population of a typical European country.
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September 30, 2011, 03:28:04 PM
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Can somebody please translate what is being said besides where they play the bitcoin commercial?

I wouldn't count on a big popularity swing yet, if we would have seen a more significant spike on the network, hell it didn't even surpass germany.

The spike in trading tends to lag at least a week behind big news as people figure out how to change their money into Bitcoins.

Also the number of people in China in an economic position to use bitcoin is equivalent to the population of a typical European country.
What's the big deal then? If people still can't even afford gpus/buy some it makes sense the impact is rather small.

Well there is always Japan & South Korea...

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
dancupid
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September 30, 2011, 03:34:56 PM
#9

Can somebody please translate what is being said besides where they play the bitcoin commercial?

I wouldn't count on a big popularity swing yet, if we would have seen a more significant spike on the network, hell it didn't even surpass germany.

The spike in trading tends to lag at least a week behind big news as people figure out how to change their money into Bitcoins.

Also the number of people in China in an economic position to use bitcoin is equivalent to the population of a typical European country.
What's the big deal then? If people still can't even afford gpus/buy some it makes sense the impact is rather small.

Well there is always Japan & South Korea...

GPUs are quite cheap in China - and you can easily find someone who will modify your electricity meter.
cbeast
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Let's talk governance, lipstick, and pigs.


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September 30, 2011, 03:38:39 PM
#10

They have cheap Android tablets with wifi. You don't need to hash to use bitcoin.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Bigpiggy01
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September 30, 2011, 03:49:26 PM
#11

I'm a hashaholic Grin

dancupid
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September 30, 2011, 04:04:50 PM
#12

I'm a hashaholic Grin

I tend just to drink when I trade in bitcoin - hence I bought at $14
finway
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September 30, 2011, 04:10:49 PM
#13

The only advantages of chinese people is they have nothing to invest.
Bitcoin must be a good choice.

Bigpiggy01
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September 30, 2011, 04:34:32 PM
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Quote
The only advantages of chinese people is they have nothing to invest.
Bitcoin must be a good choice.

Dude you obviously dunno jack. China has more USD millionaires than the US does. Most families in the major cities here have net-worths in that range as well Grin

evoorhees
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Democracy is the original 51% attack


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September 30, 2011, 04:57:47 PM
#15

What's the best exchange for someone in China to purchase BTC?
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September 30, 2011, 05:09:37 PM
#16

https://btcchina.com/ Is probably the simplest to use as they accept alipay.

Apart from that Ruxum has a good setup for China with low withdrawal fees for anyone with a Hong Kong account (I dunno if Gox can match this) and decent prices for "international wires".

But I'd say that most "money" peeps would be headed for Mt Gox as it's the largest market to play around in.

What China really needs atm is a decent pool hosted in Hong Kong, Maccau or Japan/Korea.

dancupid
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September 30, 2011, 05:15:41 PM
#17

https://btcchina.com/ Is probably the simplest to use as they accept alipay.

Apart from that Ruxum has a good setup for China with low withdrawal fees for anyone with a Hong Kong account (I dunno if Gox can match this) and decent prices for "international wires".

But I'd say that most "money" peeps would be headed for Mt Gox as it's the largest market to play around in.

What China really needs atm is a decent pool hosted in Hong Kong, Maccau or Japan/Korea.

mt.gox has a hong kong bank account, so it should be feeless for transfers to mainland China. The amount of trades in RMB on mt.gox is still too small though. But you can transfer any currency to a Chinese bank account (though there is a $50k limit per year on withdrawals if you are a private citizen)
cryptoxchange
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Crypto X Change


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September 30, 2011, 05:17:35 PM
#18

What's the best exchange for someone in China to purchase BTC?

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FlipPro
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September 30, 2011, 09:20:53 PM
#19

The meek shall inherit the Earth my friends. I am just so excited that we are getting TONS of free publicity, and that our message is spreading to every part of the planet.

Tweet For Coins http://uptweet.com
evoorhees
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Democracy is the original 51% attack


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September 30, 2011, 11:05:02 PM
#20

The meek shall inherit the Earth my friends. I am just so excited that we are getting TONS of free publicity, and that our message is spreading to every part of the planet.

It is not because Bitcoin is meek that it will inherit the Earth, but because it is strong.
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