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Topic: China telecom accepts bitcoins now, the race is on! (Read 3151 times)

legendary
Activity: 3654
Merit: 1217
China will always stay loyal to the idea of Bitcoin I can personally guarantee this.
The working of Bitcoin matches the Communist ideology.

How that matches the communist ideology? Most of the people who own Bitcoins are white males in their 20s or teens. That would be against the idea of communism. Isn't it?
legendary
Activity: 1148
Merit: 1010
In Satoshi I Trust
Population doesnt matter in that case.  If they decide to be a bitcoin leader its pretty nice news. This island is a part of englands (more unregulated) financial industrie.
I'll make a 1 man nation and become the bitcoin leader. I will be very important.  Roll Eyes

you dont understand my posting and the news actually.

you are nothing. the island is part of UK financial industrie, like Guernsey.
legendary
Activity: 2674
Merit: 2965
Terminated.
Population doesnt matter in that case.  If they decide to be a bitcoin leader its pretty nice news. This island is a part of englands (more unregulated) financial industrie.
I'll make a 1 man nation and become the bitcoin leader. I will be very important.  Roll Eyes
legendary
Activity: 1148
Merit: 1010
In Satoshi I Trust
What's the population got to do with it?  Huh
Meaning that it won't have much impact. Although them being first could lead to others doing the same.

Population doesnt matter in that case.  If they decide to be a bitcoin leader its pretty nice news. This island is a part of englands (more unregulated) financial industrie.
legendary
Activity: 2674
Merit: 2965
Terminated.
It is said Chinese can buy a house with BTC in Shanghai.
That's up to the individual selling the house, nothing special.
newbie
Activity: 9
Merit: 0
It is said Chinese can buy a house with BTC in Shanghai.
newbie
Activity: 14
Merit: 0
You see it happening in every place. It is so excited Cheesy
full member
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
China will always stay loyal to the idea of Bitcoin I can personally guarantee this.
The working of Bitcoin matches the Communist ideology.
legendary
Activity: 2674
Merit: 2965
Terminated.
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.  Cheesy
newbie
Activity: 59
Merit: 0
wow this is good news. now it really looks like the Chinese government is into the game.
legendary
Activity: 1078
Merit: 1003
legendary
Activity: 3654
Merit: 1217
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.
legendary
Activity: 1344
Merit: 1000
so China telecom is now one of my largest Bursary's  Smiley
sr. member
Activity: 398
Merit: 250
At least it is a good start in btc as a currency
sr. member
Activity: 304
Merit: 380
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
sr. member
Activity: 476
Merit: 250
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.
legendary
Activity: 2674
Merit: 2965
Terminated.
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...  Roll Eyes
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.  Cheesy 
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
What's the population got to do with it?  Huh
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.   Roll Eyes
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...  Roll Eyes
legendary
Activity: 2674
Merit: 2965
Terminated.
What's the population got to do with it?  Huh
Meaning that it won't have much impact. Although them being first could lead to others doing the same.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
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?
Quote
Population
 -    estimate   1,903
I'll leave it at that.  Cheesy Cheesy Cheesy
What's the population got to do with it?  Huh
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