recently a major China newspaper reported bitcoin

qikaifu

full member

Activity: 168

Merit: 100

God creats math and math creats bitcoin.

Quote from: Prze_koles on September 28, 2011, 05:35:09 PM

http://www.alexa.com/siteinfo/fawan.com.cn#

global rank: 153,321
china rank: 13,321

yea, fucking major newspaper. my cat's blog has better rank.

Hey, fuck boy, try this.

http://www.alexa.com/search?q=http%3A%2F%2Fwww.fawan.com%2F&r=site_screener&p=bigtop

Site Information for fawan.com Get Details
Alexa Traffic Rank: 32,289 Traffic Rank in CN: 3,188
Sites Linking In: 749
Search Results for http://www.fawan.com/Displaying 1 to 1 out of 1 sites.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Remember that China has a lot more USD millionaires than the US does Grin

Plus a fairly large middle class that's starting to get serious money to play with. The city I'm in, Dalian has a stupid amount of people with a net worth well in excess 500K USD.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Prze_koles on September 28, 2011, 05:35:09 PM

yea, fucking major newspaper. my cat's blog has better rank.

Full disclosure though...your cat's blog kicks ass.

sukiho

hero member

Activity: 514

Merit: 500

I think I read somewhere that the chinese have been using a virtual currency related to a gambling site in quite a big way already, so this may be an easy and welcome progression for them

o

member

Activity: 76

Merit: 10

There is really a new influx of interest from people in China yesterday (Sep 27), probably someone successfully spreading word. not sure whether it is related to the news, or vice versa.

From the first three graphs below, it signifies that there are around 0.5k new users, who are new to the network and using the newest clients and redownloading the whole block chain. And the last graph suggests that this new bump of people are coming from china (and it is the only bump within this month). The graph also suggests that ut reignites the interest of about 3k chinese people to reconnect to the network.

Though it is only few percent of the bitcoin users, but it alreadt plant a seed in the China. Cool

Xiong Zhuang

member

Activity: 102

Merit: 10

ha, you people are hilarious.

worldinacoin

hero member

Activity: 756

Merit: 500

Chinacoin will be coming with rules, death sentences by a bullet for fraudsters perhaps

Quote from: afro25 on September 28, 2011, 04:58:17 PM

Quote from: dsp on September 28, 2011, 12:30:35 PM

How will they deal with the inability to counterfeit it. I think this will be a real barrier to entry in to the Chinese market.

Maybe someone will create a 'ChinaCoin' fork and go from there? There'd be no way of counterfeiting them, but creating a fork is probably the next best thing they could do...

Prze_koles

full member

Activity: 156

Merit: 100

http://www.alexa.com/siteinfo/fawan.com.cn#

global rank: 153,321
china rank: 13,321

yea, fucking major newspaper. my cat's blog has better rank.

Technomage

legendary

Activity: 2184

Merit: 1056

Affordable Physical Bitcoins - Denarium.com

This is great news. Could be really big. What people maybe don't know about China is that there are a lot of people there who don't like the government controlling them and have found ways to go around anything they try. Incidentally, it happens that the crowd that usually gets most interested in Bitcoin (both left- and right-wing liberals, who are often geeks as well), is the kind of crowd that can't be stopped by the Chinese government.

There might be barriers, possibly very big barriers, for Bitcoin to reach Chinese mainstream, but even if it reaches the liberal geeks in China it will make a big effect. The numbers we're talking about is still millions of people.

afro25

full member

Activity: 123

Merit: 100

Quote from: dsp on September 28, 2011, 12:30:35 PM

How will they deal with the inability to counterfeit it. I think this will be a real barrier to entry in to the Chinese market.

Maybe someone will create a 'ChinaCoin' fork and go from there? There'd be no way of counterfeiting them, but creating a fork is probably the next best thing they could do...

istar

hero member

Activity: 523

Merit: 500

There have been other articles before in some quite big chinese newspapers on the economic pages.

oOoOo

full member

Activity: 238

Merit: 100

It just occurred to me that this could be a way for non-chinese to acquire yuan working around exchange controls. Once the yuan appreciates in value this could turn out to be a profitable venture.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Maybe they would make their own version. Just like Google has a competitor in baidu bitcoin might have a chinese version.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: ThomasV on September 28, 2011, 01:05:15 PM

in case you missed it, there's a chinese bitcoin exchange, where traded volume has been growing nicely:

It appears that early September somebody took out a lot of Yuen.

worldinacoin

hero member

Activity: 756

Merit: 500

I think they will definitely try, if succeed, it should be in, if not, it will be blocked by the Great Wall.

Quote from: TiagoTiago on September 28, 2011, 01:27:56 PM

I would think it's likely the gov there will find ways to get inside to monitor and control, even if it is by counterfiting Bitcoin itself (not bitcoins, i mean the actual Bitcoin project)

TiagoTiago

hero member

Activity: 616

Merit: 500

Firstbits.com/1fg4i :)

I would think it's likely the gov there will find ways to get inside to monitor and control, even if it is by counterfiting Bitcoin itself (not bitcoins, i mean the actual Bitcoin project)

worldinacoin

hero member

Activity: 756

Merit: 500

I won't be surprised if bitcoin sites are those about to be blocked by China, they are extremely paranoid about anonymous thingy

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

This is actually pretty big (just read the article).

Even a small bump in the Chinese market will affect us quite a bit.

ThomasV

legendary

Activity: 1896

Merit: 1353

in case you missed it, there's a chinese bitcoin exchange, where traded volume has been growing nicely:

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: qikaifu on September 28, 2011, 11:14:28 AM

http://www.fawan.com.cn/html/2011-09/26/content_330104.htm

Link is screwed up...leads to a page full of gibberish.

Topic: recently a major China newspaper reported bitcoin (Read 2927 times)