Quote from: ElectricMucus on February 23, 2014, 05:29:10 PM

Quote from: banaltcoin on February 23, 2014, 05:14:27 PM

Quote from: ElectricMucus on February 23, 2014, 05:04:04 PM

Quote from: banaltcoin on February 23, 2014, 04:50:19 PM

corrupted officers will not want to see his bitcoins baught at $1200 and now fell at $500, corruption money does come easily, they risk their life for those money, so no bitcoin!

You're missing the point, of course they use Bitcoins, just like any other mean available to them. The error is the assumption of one particular amount of money being used for one particular purpose. If they were that transparent they'd have a hard time hiding their money.

no no, bitcoin is just a bad money laundering method for them, they need stable price to keep their money. for example,

100% corruption money -> 97% A -> 96% B -> 95% C -> 90% corrupted officers hidden account, %10 fee is ok

but with bitcoins, the fee are now %60, so wtf, of cause it's possible that there might be a 150% profit too but that's not why they laundered money for, they want stable value and enjoy the rest of their life in Bahamas after all, not another big gambling risk

In China Bitcoin isn't a currency, it's a commodity (The central bank said so, I've been trolling them zealots with it for quite some time)
If somebody invests in a commodity with their corruption money that's that, it's the same thing with art or these monkey stamps (oh btw srsly doubt monkey stamps are a trillion dollar market). If somebody wants to pay a bribe in the form of Bitcoins he can do that, of course with the risk of being laughed at.

For all your discussions, I'd like to say: with more Chinese officials and businessmen know about Bitcoin (that would be very quick with news and reports from CCTV), businessmen will directly give Bitcoin to officials. Offcials will love it and they wont' sell or spend Bitcoin until they retire.