zaterdag 13 april 2013

Six Reasons Why Chinese People Will Drive the Next Bull Market in Bitcoin

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Whatever the case against Bitcoin as an alternative currency, there's one country where people probably won't need much persuading to join the craze. Here's why China could drive a further bit-boom:

1. They 've already done the whole virtual currency thing — with Q Coin.

Or at least 100 million of them did. Back in the mid-2000s, internet company Tencent launched Q Coins, virtual currency with which users could buy items for their avatars. Tencent accepted points won by online gamers in exchange for Q Coins, making it a virtual central banker of sorts since it was issuing Q Coins without hard-currency backing. And users started exchanging Q Coins among themselves, and since they were untraceable by the Chinese government, Q Coins began being used for black market transactions. Eventually Q Coin trading volume hit several billions of yuan per year, rising at 15-20% annually Read more...

More about China, Business, World, and Bitcoin
Read More... [Source: Mashable - Posted by FreeAutoBlogger]

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