Dell, China, and Bitcoin

[jl2012]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

[MatTheCat]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

But normal Joe Blogg's Chinese can't get Bitcoin easily and I would bet my balls that there will be still hefty import duties to pay on that PC before 'Andy' receives it. China isn't going to let it's economy be undermined so easily.

[jl2012]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

But normal Joe Blogg's Chinese can't get Bitcoin easily.

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

[jl2012]

By the way, the import tax for laptop could be as high as 10%: http://best.pconline.com.cn/bbs/topic-39458.html . Still much lower than the discount. You may not be asked to pay it if you were lucky enough.

[MatTheCat]

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

In the latter part of 2013, Bitcoin skyrocketed arguably due to an increasing mudslide of Chinese capital that thought they had found a way of getting their wealth out the Chinese economy and turned into USD or whatever. The Chinese government put a stop to that....sure, they never banned Bitcoin outright, they just kind of disapproved of it and that was enough to send the majority of Chinese Bitcoiners packing.

As and when the range of Bitcoin accepting merchants increases, authorities in China and indeed authorities all across the world will surely take measures to prevent their economies and tax collecting capacity is not undermined.

By the way, the import tax for laptop could be as high as 10%: http://best.pconline.com.cn/bbs/topic-39458.html . Still much lower than the discount. You may not be asked to pay it if you were lucky enough.

Like I said, if these sort of Bitcoin purchases become a big enough issue, the authorities will move to close the loophole....

......but non-the-less, what you have stated regarding Bitcoin and Dell is very poignant and is the sort of thing that will make Bitcoin soar......Capital Flight and/or Avoidance of Capital Controls primarily from developing and especially from the emerging BRICS nations from national currencies into USD/Euro.

Bitcoin is a financial weapon....

Cui Bono? The powers behind the current Western economic and financial Hegemony!

[jl2012]

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

In the latter part of 2013, Bitcoin skyrocketed arguably due to an increasing mudslide of Chinese capital that thought they had found a way of getting their wealth out the Chinese economy and turned into USD or whatever. The Chinese government put a stop to that....sure, they never banned Bitcoin outright, they just kind of disapproved of it and that was enough to send the majority of Chinese Bitcoiners packing.

As and when the range of Bitcoin accepting merchants increases, authorities in China and indeed authorities all across the world will surely take measures to prevent their economies and tax collecting capacity is not undermined.  

Well, as I replied, Chinese authorities may still charge as high as 10% of import tax. Who cares 10% tax when you could save 46%? So this is a win-win situation: Joe gets a cheap laptop with 36% discount, and Chinese taxman gets paid

[WootKung]

kinda ironic that the PC is prob made in china lol

[jl2012]

kinda ironic that the PC is prob made in china lol

I heard that Chinese earned 1 USD from each iPhone they made 

[MatTheCat]

kinda ironic that the PC is prob made in china lol

Taiwan is generally the big manufacturing base of computer PCBs.

[spazzdla]

I agree.. A large company getting a discount with BTC could inspire them to buy/hold BTC.

[kashish948]

why is the price not moving because of this news? i expected it to shoot to atleast 700$ on this news! it dint move 10$

[Benjig]

I agree.. A large company getting a discount with BTC could inspire them to buy/hold BTC.

Exactly, people will realize that the best way is not only to buy bitcoin to pay for items but to hold it, with this they have a true reason to hold bitcoin besides only the speculation.

[azguard]

So basically this can be backfire, or can bee really good for BTC community.
China will be in game, but when this comes to rest of the world then price will go boom.

Yet again it had been showed that big companies must play first move that the rest smaller companies can make moves if this comes to light then price of btc can pop up to 10k.

[keithers]

News out of China has actually been eerily quiet lately. Before it would seem that everytime there was a price run, we would be clobbered by some news out of China. It has been crickets from there lately

[scarsbergholden]

But normal Joe Blogg's Chinese can't get Bitcoin easily and I would bet my balls that there will be still hefty import duties to pay on that PC before 'Andy' receives it. China isn't going to let it's economy be undermined so easily.

How hard is it to get money into Huobi or Okcoin these days? I don't recall them ever stopping bank transfers.... that whole PBOC thing just sort of died. Didn't it?

[Skinnkavaj]

But normal Joe Blogg's Chinese can't get Bitcoin easily and I would bet my balls that there will be still hefty import duties to pay on that PC before 'Andy' receives it. China isn't going to let it's economy be undermined so easily.

How hard is it to get money into Huobi or Okcoin these days? I don't recall them ever stopping bank transfers.... that whole PBOC thing just sort of died. Didn't it?

Yes there was a source saying that China did not really ban bitcoin and it looks like all chinese exchanges works fine

Back to the post, Dell accepting BTC is HUGE..

[Benjig]

But normal Joe Blogg's Chinese can't get Bitcoin easily and I would bet my balls that there will be still hefty import duties to pay on that PC before 'Andy' receives it. China isn't going to let it's economy be undermined so easily.

How hard is it to get money into Huobi or Okcoin these days? I don't recall them ever stopping bank transfers.... that whole PBOC thing just sort of died. Didn't it?

Yes there was a source saying that China did not really ban bitcoin and it looks like all chinese exchanges works fine

Back to the post, Dell accepting BTC is HUGE..

Yeah, those exchanges are still working and they have still the largest volume, so that ban didnt what some people was expecting.

[leezay]

The news has no effect on price?

[novacn]

But normal Joe Blogg's Chinese can't get Bitcoin easily and I would bet my balls that there will be still hefty import duties to pay on that PC before 'Andy' receives it. China isn't going to let it's economy be undermined so easily.

How hard is it to get money into Huobi or Okcoin these days? I don't recall them ever stopping bank transfers.... that whole PBOC thing just sort of died. Didn't it?

It is still pretty hard to get money into exchange markets like Huobi, OKcoin and BTCChina. People have to transfer their money to a middle man first.

[98problems]

But normal Joe Blogg's Chinese can't get Bitcoin easily and I would bet my balls that there will be still hefty import duties to pay on that PC before 'Andy' receives it. China isn't going to let it's economy be undermined so easily.

How hard is it to get money into Huobi or Okcoin these days? I don't recall them ever stopping bank transfers.... that whole PBOC thing just sort of died. Didn't it?

It is still pretty hard to get money into exchange markets like Huobi, OKcoin and BTCChina. People have to transfer their money to a middle man first.

But it is still possible so people in China can still do it and they do.

I would think that China will eventually give in to their citizens using bitcoin and the capital controls will ease, at this point the price of bitcoin would likely spike.

[kashish948]

very very suprising the preic did not react to it!  i remeber the rally when DISH started accepting btc, why nothing when a 4x times bigger company does the same?
has it been assumed that at some point everyone will acccept BTC and that has been factored in the price?

[Benjig]

very very suprising the preic did not react to it!  i remeber the rally when DISH started accepting btc, why nothing when a 4x times bigger company does the same?
has it been assumed that at some point everyone will acccept BTC and that has been factored in the price?

One thing is that a company starts accepting bitcoin and another is that people use that method to pay, we need a detonator to bring people into this payment system.

[kashish948]

very very suprising the preic did not react to it!  i remeber the rally when DISH started accepting btc, why nothing when a 4x times bigger company does the same?
has it been assumed that at some point everyone will acccept BTC and that has been factored in the price?

One thing is that a company starts accepting bitcoin and another is that people use that method to pay, we need a detonator to bring people into this payment system.

the problem is BTC is actually present only in the US (maybe China as well to some extent). But other than that, BTC is not really popular in majority of the countries!

[novacn]

very very suprising the preic did not react to it!  i remeber the rally when DISH started accepting btc, why nothing when a 4x times bigger company does the same?
has it been assumed that at some point everyone will acccept BTC and that has been factored in the price?

Imho, as the bitcoin ecosystem becomes more mature, it tends to be increasely immune to news (Yes, not to groundbreaking ones), regardless of its positive or negative content.

[huobi_network]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

But normal Joe Blogg's Chinese can't get Bitcoin easily.

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

That is correct.

[boraf]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

But normal Joe Blogg's Chinese can't get Bitcoin easily.

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

That is correct.

Care to give out detail on how an average citizen can do fiat deposit?

What about withdraw?

[jl2012]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

But normal Joe Blogg's Chinese can't get Bitcoin easily.

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

That is correct.

Care to give out detail on how an average citizen can do fiat deposit?

What about withdraw?

Exchange has a list of authorized middlemen. Client sends fiat to a middleman with bank transfer, and the middleman will deposit CNY to the client's exchange account. It could be done within 30 minutes

Withdraw is same as before. Nothing has changed.

[jl2012]

This is true:

People have to transfer their money to a middle man first.

This is NOT true:

It is still pretty hard to get money into exchange markets like Huobi, OKcoin and BTCChina.

[Dalmar]

the problem is BTC is actually present only in the US (maybe China as well to some extent). But other than that, BTC is not really popular in majority of the countries!

Per capita it is a lot more popular in Northern European countries (Sweden, Netherlands etc.) and Israel than China or the US.

[Tzupy]

...
Exchange has a list of authorized middlemen. Client sends fiat to a middleman with bank transfer, and the middleman will deposit CNY to the client's exchange account. It could be done within 30 minutes
...

Important question: can the middleman deposit more CNY into his own exchange account, or he already has the CNY in his account and only moves the required sum to the client's account?

[ajareselde]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

Only the beggining , yes, but keep in mind that gouvernment can just as easily simply make deposits to exchanges impossible.
It is a good start, allowing average person to gain little bit aditional discount, but i seriously doubt this will affect the price.

[FUR11]

I mean it's one more step and one more big company going the experimental way of accepting bitcoin. How many companies are just in for the media hype remains to be determined, but it's nevertheless a very important step for the self-fulfilling-prophecy theory that an increased adoption leads to an even higher adoption.
I just hope those companies don't just drop bitcoin anytime soon Have any done so, actually?

[jl2012]

...
Exchange has a list of authorized middlemen. Client sends fiat to a middleman with bank transfer, and the middleman will deposit CNY to the client's exchange account. It could be done within 30 minutes
...

Important question: can the middleman deposit more CNY into his own exchange account, or he already has the CNY in his account and only moves the required sum to the client's account?

It works like the MtGox USD code or the BTC-E USD code.

However, I suspect that some "middlemen" are actually employed by exchanges.

[jl2012]

I mean it's one more step and one more big company going the experimental way of accepting bitcoin. How many companies are just in for the media hype remains to be determined, but it's nevertheless a very important step for the self-fulfilling-prophecy theory that an increased adoption leads to an even higher adoption.
I just hope those companies don't just drop bitcoin anytime soon Have any done so, actually?

I couldn't see why they would drop bitcoin, as it costs them nothing to accept bitcoin.

[FUR11]

I mean it's one more step and one more big company going the experimental way of accepting bitcoin. How many companies are just in for the media hype remains to be determined, but it's nevertheless a very important step for the self-fulfilling-prophecy theory that an increased adoption leads to an even higher adoption.
I just hope those companies don't just drop bitcoin anytime soon Have any done so, actually?

I couldn't see why they would drop bitcoin, as it costs them nothing to accept bitcoin.

Well, if it stays drastically below your expectations (even for a rather experimental currency) you might just drop it just as well. It bitcoin still had a very bad image in the media or should it someday become obvious that it failed, you don't exactly want your name connected to it, do you?

[An amorous cow-herder]

I couldn't see why they would drop bitcoin, as it costs them nothing to accept bitcoin.

All it takes is for Coinbase or Bitpay to go bust and leaving the merchants with unpaid bills.
Not like anything similiar has ever happened with exchanges before.

[FUR11]

I couldn't see why they would drop bitcoin, as it costs them nothing to accept bitcoin.

All it takes is for Coinbase or Bitpay to go bust and leaving the merchants with unpaid bills.
Not like anything similiar has ever happened with exchanges before.

Yes, they are indeed one of the weak links when it comes to regular-businesses' bitcoin adoption. If they (who have an oligopoly on that kind of BTC-FIAT acceptance service) go bust and bitcoin hasn't already gained that much traction, many of their customers (the businesses) will be pretty upset and are just going to drop bitcoin acceptance and want to be done with it. This it a definitive risk for bitcoin adoption!

[PinkRanger]

very very suprising the preic did not react to it!  i remeber the rally when DISH started accepting btc, why nothing when a 4x times bigger company does the same?
has it been assumed that at some point everyone will acccept BTC and that has been factored in the price?

One thing is that a company starts accepting bitcoin and another is that people use that method to pay, we need a detonator to bring people into this payment system.

the problem is BTC is actually present only in the US (maybe China as well to some extent). But other than that, BTC is not really popular in majority of the countries!

there are several other countries that bitcoin is used in. Japan, Australia, Canada, Greece, cypress, Germany, France, England among others

[2_Thumbs_Up]

Alienware is kind of overpriced to begin with though, and I assume a very niche product in China. I'd be interested to see what the price difference is for more "standard products".

[azguard]

very very suprising the preic did not react to it!  i remeber the rally when DISH started accepting btc, why nothing when a 4x times bigger company does the same?
has it been assumed that at some point everyone will acccept BTC and that has been factored in the price?

One thing is that a company starts accepting bitcoin and another is that people use that method to pay, we need a detonator to bring people into this payment system.

the problem is BTC is actually present only in the US (maybe China as well to some extent). But other than that, BTC is not really popular in majority of the countries!

there are several other countries that bitcoin is used in. Japan, Australia, Canada, Greece, cypress, Germany, France, England among others

Germany have law on bitcoin if i remember correctly they voted on it last year i think.

Something is bothering me if I, You, He, She any1 purchases some dell machine let say for 1.5BTC rounded price with 1000$.

From time of purchase to delivery let say that price dropped/or goes high.

What will happen will they return some found or we have to pay additionally?

[sgk]

Dell is BIG. And I hope many more big retailers will be joining in. This will only grow now.

[boraf]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

But normal Joe Blogg's Chinese can't get Bitcoin easily.

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

That is correct.

Care to give out detail on how an average citizen can do fiat deposit?

What about withdraw?

Exchange has a list of authorized middlemen. Client sends fiat to a middleman with bank transfer, and the middleman will deposit CNY to the client's exchange account. It could be done within 30 minutes

Withdraw is same as before. Nothing has changed.

Isn't this easy for government and bank to find out?

[jl2012]

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

But normal Joe Blogg's Chinese can't get Bitcoin easily.

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

That is correct.

Care to give out detail on how an average citizen can do fiat deposit?

What about withdraw?

Exchange has a list of authorized middlemen. Client sends fiat to a middleman with bank transfer, and the middleman will deposit CNY to the client's exchange account. It could be done within 30 minutes

Withdraw is same as before. Nothing has changed.

Isn't this easy for government and bank to find out?

There are millions of bank transaction each day. How do they know the money is not for Magic the Gathering card trading?

[Harley997]

very very suprising the preic did not react to it!  i remeber the rally when DISH started accepting btc, why nothing when a 4x times bigger company does the same?
has it been assumed that at some point everyone will acccept BTC and that has been factored in the price?

One thing is that a company starts accepting bitcoin and another is that people use that method to pay, we need a detonator to bring people into this payment system.

the problem is BTC is actually present only in the US (maybe China as well to some extent). But other than that, BTC is not really popular in majority of the countries!

there are several other countries that bitcoin is used in. Japan, Australia, Canada, Greece, cypress, Germany, France, England among others

I think most countries have at least some level of bitcoin use, at least the industrialized countries. I do think that China has the most potential to affect the future of bitcoin due to it large economy and it's large population (~1/6 of the world)

[azguard]

There are millions of bank transaction each day. How do they know the money is not for Magic the Gathering card trading?

This is good one.

Yea to many transaction all over the word are done in 1 single day. Wont be this nice if other companies besides Dell do the same.

More will be if some low economy states try to involve in this story maybe it will influence on market price maybe wont.

That is another mater to discuss.

[boraf]

There are millions of bank transaction each day. How do they know the money is not for Magic the Gathering card trading?

The pattern for money laundry is very easy to recognize.