BTCChina - Highest trading volume ever today

[waspoza]

china's secret rocket is going places

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[Otoh]

likes secret rocket pic

nice spike in ppl searching Wiki for Bitcoin in Chinese language
http://stats.grok.se/zh/201205/Bitcoin

[Seal]

^__^ look how happy he is

[Spekulatius]

likes secret rocket pic

nice spike in ppl searching Wiki for Bitcoin in Chinese language
http://stats.grok.se/zh/201205/Bitcoin

right, but still no compare to July '11 stats:
http://stats.grok.se/zh/201107/Bitcoin

On yahoo clues (because google doesnt work in China afaik) during the last month, Hong Kong ranks 3rd in number of searches with the keyword "bitcoin".

http://clues.yahoo.com/analysis#q1=bitcoin&q2=&tu=month&nu=1&h=12&ts=20120428%2C20120528

[Otoh]

interesting, just behind the UK but with a population a ninth of the size of only about 7M compared to over 63M for the UK

[Spekulatius]

interesting, just behind the UK but with a population a ninth of the size of only about 7M compared to over 63M for the UK

If you want to compare the two locations, you have to take in consideration the market shares of the two search engines compared.
According to these two, quickly looked up references:

http://www.chandlernguyen.com/2011/03/search-engine-market-share-by-country-mar-2011.html
http://theeword.co.uk/seo-manchester/february_search_volume_share_dips_for_google.html

the market shares in the UK and HK distribute as follows:

HK (internet users:  4,894,913*   ): google: 58,00% / yahoo: 23,51% (Jul 2011)  equalling   2,839,050 google users and 1,150,794 yahoo users
UK (internet users: 52,700,000** ): google: 90,84% / yahoo:  2,31% (Feb 2012) equalling 47,872,680 google users and 1,217,370 yahoo users
(assuming yahoo users ONLY use yahoo and google users ONLY use google)


Therefore about equally sized amounts of internet users in both countries account for the number of search queries. (Assuming users in both countries produce a comparable number of search queries in the same amount of time)

  *http://www.internetworldstats.com/asia.htm (Dec 2011)
**http://www.internetworldstats.com/stats4.htm (Dec 2011)

[Otoh]

I stand corrected, forgot about that

[rudrigorc2]

Any idea how alipay / tenpay works for withdrawals ? I went to alipay but it seems to be only for registered business and not actually for clients so its strange that its offered as withdrawal method on btcchina.

You mean withdraw from Alipay? You can withdraw to Chinese banks, no fee.

the exchange will charge 1% fee if you want to withdraw to Chinese banks..

[Btc4Domains]

Does anyone have access to Baidu search data? It's not available freely like for Google or Yahoo, you need an Ad account.
Curious to know what the domestic Chinese search trends for "比特币“ are..

[Clipse]

Gah, btcchina needs to offer some form of easier withdrawal for non-chinese citizens.

Im itching to trade there but the withdrawal methods for CNY is lacking, if only they added okpay as withdrawal method, shrug.

[CIYAM]

Although the site has been running for quite a while you should probably bear in mind the following (from a whois search):

Administrative Contact:
Huang, Xiaoyu
Fake Address,
Fake, Jiangsu 100000
China
+86.8160000

Technical Contact:
Huang, Xiaoyu
Fake Address,
Fake, Jiangsu 100000
China
+86.8160000

I somehow doubt that Huang, Xiaoyu is a real name. Huang means yellow (although a common family name) while "xiaoyu" quite likely means "small fish".

Hmm... I don't think I'd want to risk too much money with a small yellow fish swimming around in the "Fake" part of Jiangsu province.

[Raoul Duke]

Although the site has been running for quite a while you should probably bear in mind the following (from a whois search):

Administrative Contact:
Huang, Xiaoyu
Fake Address,
Fake, Jiangsu 100000
China
+86.8160000

Technical Contact:
Huang, Xiaoyu
Fake Address,
Fake, Jiangsu 100000
China
+86.8160000

I somehow doubt that Huang, Xiaoyu is a real name. Huang means yellow (although a common family name) while "xiaoyu" quite likely means "small fish".

Hmm... I don't think I'd put too much money into something run by a small yellow fish from the area of "Fake" in Jiangsu province.

It's even worse than that: It's run by a small yellow fish who is a Big Pig on this forum lol
A pig that swims?

[CIYAM]

Hmm... I don't think I'd put too much money into something run by a small yellow fish from the area of "Fake" in Jiangsu province.

It's even worse than that: It's run by a small yellow fish who is a Big Pig on this forum lol
A pig that swims?

Doh! You quoted me just before I saved an edit it to make it a little funnier.

Hmm... I don't think I'd want to risk too much money with a small yellow fish swimming around in the "Fake" part of Jiangsu province.

:>

[Nefario]

As someone who has lived in China, this is not an unusual name.

[CIYAM]

As someone who has lived in China, this is not an unusual name.

A bit like Satoshi Nakamoto - (wo zhu zai zhong guo wu nian ban - ni ne?).

[HorseRider]

Although the site has been running for quite a while you should probably bear in mind the following (from a whois search):

Administrative Contact:
Huang, Xiaoyu
Fake Address,
Fake, Jiangsu 100000
China
+86.8160000

Technical Contact:
Huang, Xiaoyu
Fake Address,
Fake, Jiangsu 100000
China
+86.8160000

I somehow doubt that Huang, Xiaoyu is a real name. Huang means yellow (although a common family name) while "xiaoyu" quite likely means "small fish".

Hmm... I don't think I'd want to risk too much money with a small yellow fish swimming around in the "Fake" part of Jiangsu province.

You're over worried.

The Chinese dictator government concerns the whois question more than you do. There is an registration requirement for every website running on the service inside the China internet, which is called ICP. And every website should put the ICP information on the main page. Yes, you can find the ICP link on every website in Chinese, even the google chinese site http://g.cn have to do so.

And there is a ICP on the BTCchina.com.

[CIYAM]

You're over worried.

Maybe so - but running a site that allows you to change any sort of "virtual currency" into RMB is strictly illegal in China.

So if the guy is really so easy to find then I guess he is the one who should actually be more worried.

[HorseRider]

The ICP of btcchina is here.

http://www.adminexe.com/beian-search-13625-1.html

However, it seems that this ICP information is out of date.


And they have set up a lot of QQ group in China. And QQ cooperate with the Government a lot.

They use Alipay, which take great efforts to identify the real identity of its users. They have the ID information behind the Btcchina.

The ID card information is based on a controlling system which is called "Hukou", every chinese citizen except the soldier have a sigal number which can and should be checked with a central database, where the photo of the citizen can be find.

[CIYAM]

http://www.adminexe.com/beian-search-13625-1.html

Nothing to identify anyone in that page.

And they have set up a lot of QQ group in China. And QQ cooperate with the Government a lot.

They use Alipay, which take great efforts to identify the real identity of its users. They have the ID information behind the Btcchina.

The ID card information is based on a controlling system which is called "Hukou", every chinese citizen except the soldier have a sigal number which can and should be checked with a central database, where the photo of the citizen can be find.

Sure - am well aware of Hukou's etc. - guess if they really do know who the guy is he better just hope they don't ever find out what Bitcoin is (or he'd better hope to have left PRC before they do).

[Piper67]

http://www.adminexe.com/beian-search-13625-1.html

Nothing to identify anyone in that page.

And they have set up a lot of QQ group in China. And QQ cooperate with the Government a lot.

They use Alipay, which take great efforts to identify the real identity of its users. They have the ID information behind the Btcchina.

The ID card information is based on a controlling system which is called "Hukou", every chinese citizen except the soldier have a sigal number which can and should be checked with a central database, where the photo of the citizen can be find.

Sure - am well aware of Hukou's etc. - guess if they really do know who the guy is he better just hope they don't ever find out what Bitcoin is (or he'd better hope to have left PRC before they do).

Or, some truly smart people within the PRC hierarchy will have long ago determined that BTC adoption actually works in their favour, by allowing them to maintain an artificially deflated currency at home while controlling an artificially strong currency abroad.