There are many chinese government officials have billions of private bribe money they want to move to oversea, this seems the best method for them
That will create a situation of rising BTC/CNY exchange price and falling BTC/USD exchange price, means the CNY/USD ratio should fall, but the chinese government fixed exchange rate of CNY/USD, so anyone want to exchange USD to CNY will go the bitcoin way since it is much cheaper than going through chinese commercial banks
BTC's problem as a world currency if some of the country do not have a flowing currency exchange rate
Topic: holy shit, china is going parabolic.. - page 4. (Read 9712 times)
prepare for a lot more spyware and hack attempts.
I'm surprised that the tone is very positive in this report, since CCTV is a government owned media, this indicate that some higher level government officials admitted their support. Typically chinese people only listen to what government agency says, so this is a green light for bitcoin in china actually
Maybe these corrupt officials finally find a way to move their bribe money out of china
Maybe these corrupt officials finally find a way to move their bribe money out of china
You sure that they only listen to what government agency says? I'm pretty certain that the average Chinese national doesn't believe or take value from what their government says - trust in their government is probably at an all time low. Even if the government disapprove of Bitcoins, people there will still take interest in it, much like anything else.
That is the mindset of people in US, not in china. I lived in China for some years and I know if you disagree with the government, you risk of being classified as "politic criminals" and put into prison, there are several major constitutions that classify anti-communist party activities to be criminal activities
Even though their economy is borderline capitalism. "Mixed" at best.
I'm surprised that the tone is very positive in this report, since CCTV is a government owned media, this indicate that some higher level government officials admitted their support. Typically chinese people only listen to what government agency says, so this is a green light for bitcoin in china actually
Maybe these corrupt officials finally find a way to move their bribe money out of china
Maybe these corrupt officials finally find a way to move their bribe money out of china
You sure that they only listen to what government agency says? I'm pretty certain that the average Chinese national doesn't believe or take value from what their government says - trust in their government is probably at an all time low. Even if the government disapprove of Bitcoins, people there will still take interest in it, much like anything else.
That is the mindset of people in US, not in china. I lived in China for some years and I know if you disagree with the government, you risk of being classified as "politic criminals" and put into prison, there are several major constitutions that classify anti-communist party activities to be criminal activities
Differences (at the individual scale) between countries, borders, regimes, ethnicity and so on are overrated.
I might add cultures, religions, genders, ages...
We are one human race, for the best and for the worst.
Some of them want to use you
Some of them want to get used by you
Some of them want to abuse you
Some of them want to be abused
I might add cultures, religions, genders, ages...
We are one human race, for the best and for the worst.
Some of them want to use you
Some of them want to get used by you
Some of them want to abuse you
Some of them want to be abused
Most people in the US also believe what their government says...
I'm surprised that the tone is very positive in this report, since CCTV is a government owned media, this indicate that some higher level government officials admitted their support. Typically chinese people only listen to what government agency says, so this is a green light for bitcoin in china actually
Maybe these corrupt officials finally find a way to move their bribe money out of china
Maybe these corrupt officials finally find a way to move their bribe money out of china
You sure that they only listen to what government agency says? I'm pretty certain that the average Chinese national doesn't believe or take value from what their government says - trust in their government is probably at an all time low. Even if the government disapprove of Bitcoins, people there will still take interest in it, much like anything else.
I'm surprised that the tone is very positive in this report, since CCTV is a government owned media, this indicate that some higher level government officials admitted their support. Typically chinese people only listen to what government agency says, so this is a green light for bitcoin in china actually
Maybe these corrupt officials finally find a way to move their bribe money out of china
Maybe these corrupt officials finally find a way to move their bribe money out of china
I don't suppose anyone cared to take notice of how many Cyprus downloads there were since Bitcoin's launch? Spain and Italy are a bit higher up the list though.
The significance of Cyprus was not the investment from there. It was the signal sent out to anyone who cared to listen. The Troika essentially said: "We rip you suckers off as we see fit".
I don't suppose anyone cared to take notice of how many Cyprus downloads there were since Bitcoin's launch? Spain and Italy are a bit higher up the list though.
China won't crack down on this thing, that would just make it more attractive to the average user since they don't give a rat's ass about what their gov approves or disapproves of.
Here we were, worrying that US might introduce regulation that dramatically affect the acceptance of Bitcoins. We had no idea that one of the last totalitarian regimes on earth who's censors the internet and does not recognize basic human rights is ready to embrace, get this, an anonymous internet currency !
The chinese leaders will crush anything that stands in the way of their iron-fist control of the populace. They will literally throw you into a dark cell where you never again see the light of day. They don't like freedom because freedom means the end of the party-state. And they will not like bitcoins, I assure you of that.
The chinese leaders will crush anything that stands in the way of their iron-fist control of the populace. They will literally throw you into a dark cell where you never again see the light of day. They don't like freedom because freedom means the end of the party-state. And they will not like bitcoins, I assure you of that.
And why is that? Because the Chinese state is comprised of pure, corruption free, dedicated totalitarians?
I wonder how the Chinese exchange feels about Mt Gox in Japan. You would think they would want to outdo them.
I'd say any exchange wants to do as much business as Gox.
I wonder how the Chinese exchange feels about Mt Gox in Japan. You would think they would want to outdo them.
Elevator going up. Next stop, the moon!
I got that from a post on reddit.
http://www.reddit.com/r/Bitcoin/comments/1do4kc/bubble_is_about_to_be_pumped_like_never_before/
Obviously not hard data, but I have no reason not to believe it.
http://www.reddit.com/r/Bitcoin/comments/1do4kc/bubble_is_about_to_be_pumped_like_never_before/
Quote
–3itc0inEntrepreneur 19 points 9 hours ago*
This has been being rerun every couple hours on cctv, its 30 minutes long and very pro btc
This has been being rerun every couple hours on cctv, its 30 minutes long and very pro btc
Obviously not hard data, but I have no reason not to believe it.
And honestly, if this is a 30 minute special being continuously aired on a channel like that... it means they already have.
What's the data we have on that? How often is that being aired? And for how long is it planned?
I think that the Chinese government might back Bitcoin because
1) as somebody else said they can afford to think long term, Western democracy really can get in the way of long term planning. They might see such a system as an inevitable result of the cyber age and see the wisdom of being an "early adopter" government.
2) America's main export is the dollar. China is tired of it getting rammed down the collective throat of international trade. They might risk backing an untested system in hopes of sweeping out the feet under America's financial empire.
And honestly, if this is a 30 minute special being continuously aired on a channel like that... it means they already have.
1) as somebody else said they can afford to think long term, Western democracy really can get in the way of long term planning. They might see such a system as an inevitable result of the cyber age and see the wisdom of being an "early adopter" government.
2) America's main export is the dollar. China is tired of it getting rammed down the collective throat of international trade. They might risk backing an untested system in hopes of sweeping out the feet under America's financial empire.
And honestly, if this is a 30 minute special being continuously aired on a channel like that... it means they already have.
China will be the first country to crack down on Bitcoin.
It's trivial for them to block Bitcoin communications over their network, they have the most advanced proxy filtering systems in the world.
It's trivial for them to block Bitcoin communications over their network, they have the most advanced proxy filtering systems in the world.
I live in China. (I'm writing this on a VPN just incase).
They will be the first country to embrace bitcoin, because it's the cheapest way to move money into China. A good portion of all bitcoins will move to China as people use it to trade.
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