Quote from: boraf on July 22, 2014, 01:09:38 AM

Quote from: jl2012 on July 20, 2014, 03:30:38 PM

Quote from: boraf on July 20, 2014, 01:49:32 PM

Quote from: huobi_network on July 20, 2014, 01:04:03 PM

Quote from: jl2012 on July 19, 2014, 03:24:25 PM

Quote from: MatTheCat on July 19, 2014, 03:18:56 PM

Quote from: jl2012 on July 19, 2014, 02:52:04 PM

Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93aajw1eii0tf52tgj20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.

But normal Joe Blogg's Chinese can't get Bitcoin easily.

46% discount should provide enough incentive for Joe Bloggs to open an account on huobi or okcoin. Despite China has banned bitcoin 10 times, I can tell you that, based on my first hand experience, Chinese people could still deposit fiat to exchanges in less than 30 minutes.

That is correct.

Care to give out detail on how an average citizen can do fiat deposit?

What about withdraw?

Exchange has a list of authorized middlemen. Client sends fiat to a middleman with bank transfer, and the middleman will deposit CNY to the client's exchange account. It could be done within 30 minutes

Withdraw is same as before. Nothing has changed.

Isn't this easy for government and bank to find out?

There are millions of bank transaction each day. How do they know the money is not for Magic the Gathering card trading?