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A comment on Baidu now accepts Bitcoin.

Re:Baidu now accepts Bitcoin by firloop on Tuesday October 15, 2013 @09:21AM (#6553042)
Looking at the bitcoin address [1] Baidu posted in the press release, it looks like a whopping 0.00326169 BTC has been deposited into their wallet. I know they just set it up, but I guess I would have expected slightly more activity by now. This makes me wonder if it's more of a PR stunt than anything.

I know that Reddit, after months of enabling Bitcoin as a payment option, still only got 3% of their entire revenue in Bitcoin [2]. I like the concept of bitcoin but as of now, it seems like many of these initiatives are launched by businesses to get "tech people" interested and to make news about their business. That's not a terribly bad thing though for bitcoin because businesses are still adopting it. It just would be nice to see Bitcoin used more than 2.5% of the time.

[1]: http://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMC...

[2]: http://www.reddit.com/r/Bitcoin/comments/1dkbix/bitcoin_usag...

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Re:Baidu now accepts Bitcoin by phaemon on Tuesday October 15, 2013 @12:14PM (#6554163)
Up to 0.16955721 BTC now, with 10 transactions.

Reddit getting 3% from Bitcoin actually sounds like quite a bit. I know there's a lot of stories about BTC, but I still think of it as a fairly obscure thing.

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Re:Baidu now accepts Bitcoin by ekianjo on Tuesday October 15, 2013 @09:24AM (#6553055)
How do you know that they keep the bitcoins in the same place after they receive them? They could as well transfer them to other wallets.
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Re:Baidu now accepts Bitcoin by evacuationdrill on Tuesday October 15, 2013 @09:27AM (#6553067)
At his link, you can see it distinguishes between total received and total balance.
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Re:Baidu now accepts Bitcoin by firloop on Tuesday October 15, 2013 @09:35AM (#6553115)
"Total Received" is the amount that address has received ever. Even if they transferred the money to other wallets, the "Total Received" amount would not go down.
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