Quote from: JorgeStolfi on April 28, 2014, 08:02:10 AM

Quote from: OldGeek on April 28, 2014, 07:51:09 AM

Quote from: JorgeStolfi on April 28, 2014, 07:46:19 AM

...snip...
I don't think that opening accounts on exchanges outside China would be easy for a typical Chinese small businessman. Doing that sort of thing would require familiarity with the bitcoin technology and markets, not likely for such people.
...snip again...

I wonder, then, how arb is supposed to be working for the Chinese exchanges?

There should not be many traders doing arbitrage; it does not seem to be a game for amateurs. Arbitragers could be people with a commercial foot on each side of the border, e.g. import-export firms; or partnerships between Chinese and non-Chinese traders.

The scenario I was considering is when neither A nor B are regular bitcoin traders, just (say) a businessman who wants to bribe a government official in another town, and learns that there is a relatively safe way to do it using bitcoin.

Yes. I edited my question. Thanks.