Quote:
Originally Posted by DWB
China currently does not allow Bitcoin (or any virtual currency) to be used to purchase real goods. They can only be used for virtual goods, such as games and other online things that are not tangible items. The poster should have known this if he is really Chinese.
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Chinese (and Russian) are the main miners and exchangers.
Go check alexa stats, bitcoin.org cn = 5%, satoshidice.com cn = 11% (second country after USA). Look mining sites.. biggest one 38% is btcguild.com , whose first country for traffic is China with 21% (USA follows with 17%); deepbit.net ru 18%, cn 14%, us 12%. Litecoin mining, biggest pool is coinotron.com : us 13%, cn 13%, ru 10%. Look for exchangers.. mtgox.com us 28%, cn 6%, ru 6%; vircurex.com us 22%, cn 18%, second country. aurumxchange.com us 14%, cn 12%, ru 11%.
Now, I think Russia potential is already expressed, while China can grow still a lot, which can kick USA in second place everywhere, potentially.
Still I don't think Chinese or Russian may use bitcoin (or litecoin) to buy things in place of fiat currency: they're into it to mine it and to make profit on exchange. They see it as a way to get dollars from stupid westerns of us,ca,au,uk,de,fr etc.
I think only westerns will use bitcoins to buy stuff, so buy bitcoins with dollars from chinese and russians who mined or traded it, and then spend that because is cool and anonymous.
It could be some may spend it with cams and this is why I follow this thing (not sure for mining or trading, I'm no chinese).