The Twitch news is great and something tells me the cat is already out of the bag in china "closing the door after the horse has bolted"  so it all good........ cup half full lol 

So what? How much business was lost? How big was BTC-related advertising on Baidu? I bet it's no big deal. A 5-digit figure at best. Correct me if I'm wrong but I've never seen BTC-related advertising on big media, only on small dedicated websites.

Since they've invested in Circle, they'll probably allow adverts from well-known bitcoin platforms like circle,bitpay and coinbase, which the baidu admins could verify.

If it's the second though, where they got pressured by the government, as cointelegraph says "It may be the Chinese government’s plan to censor out independent cryptocurrencies and push for the advertisement of state-owned and government controlled Blockchain networks and cryptocurrencies."

Let's hope it's the first one though.


*Yeah, haven't seen one on big-media yet, though just yesterday I saw some adverts on wuxiaworld.com (i was shocked, seeing as it reached the lightnovels/translation/readers crowd already) so just a matter of time. lol  

Great news Twitch re-adds Bitcoin as payment method.This is really bad news for bitcoin that Baidu Stops All Bitcoin-Related Advertising.Every time we hear a good news beside bad news.Hope Baidu changed their mind and add Bitcoin as payment method for Advertising.

Just waiting for a more information about the explanation from Baidu. maybe the factor is having a big chance cause Baidu stopping all of the advertising is related to bitcoin is an the intervention from the 3rd parties.

Let's just wait and see the effect of this on the bitcoin price. Let's hope the bitcoin price doesn't drop too much, eh?

EDIT: It dropped about two bucks

if their government really ask baidu to stops all advertising which is related to bitcoin,i wonder how's about the chinese miners in the near future?
but i guess it's have nothing to do with their government if those miners are now still mining normally without getting warned by their government

i think it's not right,even in china,i guess there'ss still exist a dumb people who still fall in ponzi

its probably both

Even the very techie users got scammed by the trusted exchanges such as crypsy and the rest of the exchanges that could turn scam. polo seem to be acting weird and there could be a chance of hacked declaration. And so the government was alarmed so they asked not to advertise bitcoin related sites before the crypto money can threaten Chinese economy.

In which ways ? They will be losing out on a lot of ad revenue.If they're fine with that,why should we bother ?

How many people even use Baidu?Don't think that will be doing any bad to the bitcoin world except for faucets.Do you think they will stop showing faucets as well? Faucet==Bitcoin adds==Against baidu's new terms and conditions?
 
Well,they can always check the businesses before advertising them ?Simply putting a ban on all the advertisements which endorse any bitcoin related investment procedures should have been a much simpler solution

That's a myth!Don't be surprised to know that Chinese are well versed in running biggest ponzi schemes.

Not sure where that is coming from.What any of these has to do with the future of bitcoins?You're blowing it out of proportions!
[/quote]

if it's because of ponzi schemes than this is bad for bitcoin since its bad reputation is hurting bitcoin. we need to do something about this.

if it's because of the government than i can understand it and it might be another point for bitcoin. maybe even bring some more clientele.