And they will not like bitcoins, I assure you of that.
If they own enough Bitcoins they will like them.They could have an advantage in comparison to the USA and I assure you, they would like that.
Topic: holy shit, china is going parabolic.. - page 5. (Read 9738 times)
They could have an advantage in comparison to the USA and I assure you, they would like that.
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?
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.
Wow, they mentioned friedcat 
Interesting video. So that's like what, 100 million middle class Chinese that got to see the 30 minute segment!?
Wow.
And imagine only 1% of them buy a bitcoin......... That's still a crazy amount of money Wow.
Interesting video. So that's like what, 100 million middle class Chinese that got to see the 30 minute segment!?
Wow.
Wow.
BTCCHINA shows no parabolic thing at all.
The amount of BTC traded per day has increased from some hundreds to now over 10K per day over the last few months - it might not have increased as rapidly as some are suggesting but for certain it is rising dramatically (it is now the 5th highest listing on the bitcoincharts.com list).
This report imo is not gonna cause a lot of movement. However, we will see. There is no need to predict such a move, if it happens, like these guys are sure about, you can just get in early.
Which BTCChina did you look at? The price has been about 10% higher than Gox for a few days.
BTCCHINA shows no parabolic thing at all.
The amount of BTC traded per day has increased from some hundreds to now over 10K per day over the last few months - it might not have increased as rapidly as some are suggesting but for certain it is rising dramatically (it is now the 5th highest listing on the bitcoincharts.com list).
This report imo is not gonna cause a lot of movement. However, we will see. There is no need to predict such a move, if it happens, like these guys are sure about, you can just get in early.
Which BTCChina did you look at? The price has been about 10% higher than Gox for a few days.
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.
Instead they could just fork Bitcoin to make Peoplecoin: not proof-of-work, not proof-of-stake, but proof-of-compliance-with-the-state ;-)
On a more serious note, I think Bitcoin developments in China will be very interesting to follow. And that Western culture dismisses too much what China does better than the rest of the world because of the State Control Freak / People's Party thing.
I watched the entire thing. I understand nothing.
Could anyone in or from China offer a brief synopsis of the main points? John?
Could anyone in or from China offer a brief synopsis of the main points? John?
I did, here:
PS: I might be inclined to take up your offer, except that I'm quite strapped for time here. The Google translate version is surprisingly quite accurate though. If I have time, I would clear the translation up.
Yes, the show is hosted by '经济半小时', (literal: Economics in half an hour), a famous economics talk show in China. It gives a positive overview of Bitcoin, touching on various aspects of Bitcoin (including Bitcoin in Cyprus and the impact in China by interviewing a few Chinese Bitcoin users), and the general Bitcoin economy in China. They touched on friedcat's ASICMiner venture, Avalon and other ASIC companies in China, interviewed a couple of financial analysts working for banks in China, Canada's house for sale in BTC, coffee shops taking BTC in China, interviewed a bitcoiner from Brazil residing in China for the low electrical costs (and a lot of backstory), showed them a sale using Bitcoins, and a lot more. They even interviewed a Bitcoin hedge fund manager in China, which says that he has been getting increased interest in Bitcoin investment lately and a lot more positive stuff.
I can't cover much atm as I'm going out soon though - I'm merely reading the script here: http://jingji.cntv.cn/2013/05/03/VIDE1367596319388137.shtml
In a nutshell, this is quite a concise overview of Bitcoin, and everything is shown in a positive light apart from the regular warnings (careful of investing, bubble concern, tulip mania etc).
I can't cover much atm as I'm going out soon though - I'm merely reading the script here: http://jingji.cntv.cn/2013/05/03/VIDE1367596319388137.shtml
In a nutshell, this is quite a concise overview of Bitcoin, and everything is shown in a positive light apart from the regular warnings (careful of investing, bubble concern, tulip mania etc).
Google translate version of the script (sorry, no time at the moment - ask if anything is not clear)
Thanks a lot for the synopsis. Really super helpful!
I think word-for-word translation may be unneccesary since Google's machine translation seems coherent enough to follow.
Anyone got an (order of magnitude) estimate on the number of viewers for 经济半小时 ?
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.
Bitcoins are receiving media attention recently in China.
Here are some of the news articles:
Over 10 Taobao merchants are accepting Bitcoins
http://big5.xinhuanet.com/gate/big5/news.xinhuanet.com/info/2013-05/03/c_132355461.htm
And this one reads "The value of Bitcoins increased by 6 times in one month"
http://news.sina.com.tw/article/20130504/9523979.html
And this one explains the Bitcoin fever and talks about its role in the recent earthquake in China.
http://money.eastmoney.com/news/1282,20130504289557688.html
There are also several tv programs on Bitcoin and I often can find some guys asking about Bitcoins on some general forums.
There is no doubt that Bitcoin is becoming more popular in China.
Here are some of the news articles:
Over 10 Taobao merchants are accepting Bitcoins
http://big5.xinhuanet.com/gate/big5/news.xinhuanet.com/info/2013-05/03/c_132355461.htm
And this one reads "The value of Bitcoins increased by 6 times in one month"
http://news.sina.com.tw/article/20130504/9523979.html
And this one explains the Bitcoin fever and talks about its role in the recent earthquake in China.
http://money.eastmoney.com/news/1282,20130504289557688.html
There are also several tv programs on Bitcoin and I often can find some guys asking about Bitcoins on some general forums.
There is no doubt that Bitcoin is becoming more popular in China.
This report imo is not gonna cause a lot of movement. However, we will see. There is no need to predict such a move, if it happens, like these guys are sure about, you can just get in early.
Yup - this is the Speculation board so of course everyone gets excited (or depressed) by any news here - certainly though it is more exciting than the latest alt coin announcement.
BTCCHINA shows no parabolic thing at all.
The amount of BTC traded per day has increased from some hundreds to now over 10K per day over the last few months - it might not have increased as rapidly as some are suggesting but for certain it is rising dramatically (it is now the 5th highest listing on the bitcoincharts.com list).
This report imo is not gonna cause a lot of movement. However, we will see. There is no need to predict such a move, if it happens, like these guys are sure about, you can just get in early.
BTCCHINA shows no parabolic thing at all.
The amount of BTC traded per day has increased from some hundreds to now over 10K per day over the last few months - it might not have increased as rapidly as some are suggesting but for certain it is rising dramatically (it is now the 5th highest listing on the bitcoincharts.com list).
BTCCHINA shows no parabolic thing at all.
Maybe the downloads are being manipulated?
Just like yesterday we saw a crazy attempt to save the price from this downtrend?
Maybe the downloads are being manipulated?
Just like yesterday we saw a crazy attempt to save the price from this downtrend?
I watched the entire thing. I understand nothing.
(Other than that this coverage seems like a fairly significant event for Bitcoin in China.)
Sure wish I had some command of standard chinese today.
Would you guys be interested in offering a community bounty for proper subtitles?
(0.1 BTC per minute of finished translation perhaps.)
Could anyone in or from China offer a brief synopsis of the main points? John?
(Other than that this coverage seems like a fairly significant event for Bitcoin in China.)
Quote
Sure wish I had some command of standard chinese today.
Would you guys be interested in offering a community bounty for proper subtitles?
(0.1 BTC per minute of finished translation perhaps.)
Could anyone in or from China offer a brief synopsis of the main points? John?
.1 a minute? Wow, you pay well. I wish I knew Chinese.
I was thinking the same
This is great news. More the merrier as always
I'm not sure if it is the same thing but there is a CCTV video about Bitcoin that interviews a miner (who mentions making 0.8 BTC per hour) and then discusses about the mystery of Satoshi - after that there is some explanation of what Bitcoin *is* and interestingly there is no real political type of commentary beyond mentioning being able to make donations for the victims of the recent earthquake in BTC.
Probably a good sign.
Probably a good sign.
I watched the entire thing. I understand nothing.
(Other than that this coverage seems like a fairly significant event for Bitcoin in China.)
Sure wish I had some command of standard chinese today.
Would you guys be interested in offering a community bounty for proper subtitles?
(0.1 BTC per minute of finished translation perhaps.)
Could anyone in or from China offer a brief synopsis of the main points? John?
(Other than that this coverage seems like a fairly significant event for Bitcoin in China.)
Quote
Sure wish I had some command of standard chinese today.
Would you guys be interested in offering a community bounty for proper subtitles?
(0.1 BTC per minute of finished translation perhaps.)
Could anyone in or from China offer a brief synopsis of the main points? John?
.1 a minute? Wow, you pay well. I wish I knew Chinese.
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