and stealing somebodies piece of the cake by making his services unnecessary will do exactly that.
Topic: How Macau could be the single most strategic BTC location (Read 830 times)
thing is: this is mafia-controlled, so you better do not piss anybody off
and stealing somebodies piece of the cake by making his services unnecessary will do exactly that.
and stealing somebodies piece of the cake by making his services unnecessary will do exactly that.
Problem is the Chinese government is pretty good at censoring the internet. They will probably make it pretty difficult to buy bitcoins in China as soon as it starts to pick up in a big way.
Indeed - they "upgraded" the GCF not that long ago and managed to block *most* of the VPN services that people had been using for years (and forget about finding any free proxies that will work).
Also often https for sites *outside* of PRC will either be blocked or *slowed down* to the point of becoming practically unusable.
Problem is the Chinese government is pretty good at censoring the internet. They will probably make it pretty difficult to buy bitcoins in China as soon as it starts to pick up in a big way.
Basically Macau is a place next to china where they go to gamble. It's like Las vegas... but bigger. So why is it potentially so important?
From this article:http://www.foreignpolicy.com/articles/2013/01/28/broken_tooth_and_new_macau_gambling_china?page=0,1
Bitcoin could totally bypass these junkets.
another article: http://www.nytimes.com/2007/01/23/business/worldbusiness/23cnd-macao.html?_r=1&
From this article:http://www.foreignpolicy.com/articles/2013/01/28/broken_tooth_and_new_macau_gambling_china?page=0,1
Quote
Triads get a piece of this new action by dominating the "junket" industry of Macau, which brings high-rolling gamblers to the territory and collects debts on behalf of the casinos. These businesses also allow VIPs to stake more than the $50,000 legal limit on how much money Chinese are permitted to take out of the country every year. (In essence, junkets collect their clients' money on the Chinese side of the border and give them loans to gamble on the Macau side.) This scheme makes a convenient vehicle for money laundering. Steve Vickers, Hong Kong's former chief of the Criminal Intelligence Bureau, has said that he knows of "no Chinese junket operator that doesn't have some association with triads."
Bitcoin could totally bypass these junkets.
another article: http://www.nytimes.com/2007/01/23/business/worldbusiness/23cnd-macao.html?_r=1&
Quote
Macao surpassed the Las Vegas Strip to become the world’s biggest gambling center in 2006, measured by total gambling revenue, according to industry analysts and government figures released today.
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