Bitcoin price jumps 21 percent over 4 days, reaching a 21-month highhttp://techcrunch.com/2016/05/30/bitcoin-price-jumps-21-percent-over-4-days-reaching-a-21-month-high/Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought. Bitcoins are now trading at $547.40 on Bitfinex (the largest USD/bitcoin exchange according to Bitcoinity). And it represents a big 21.4 percent price jump over just four days.
Today’s price represents a 21-month high. Surprisingly, bitcoin prices had been relatively stable for the last two months before this weekend’s jump.
What’s the reason behind this jump? It’s hard to say. Huobi and OKCoin, the two dominant Chinese exchanges, have seen many new sign-ups, as well as many buy orders.
...
|
|
|
|
Australian police to auction $13m in confiscated bitcoins https://www.theguardian.com/technology/2016/may/31/australian-police-to-auction-13m-in-confiscated-bitcoinsAbout $13m in bitcoins will be auctioned in Sydney in June after Victorian police confiscated the digital currency as proceeds of crime.
Ernst & Young is running the process, which is only the second such bitcoin auction in the world after the US Marshals Service sold 144,000 bitcoins over a two-year period that had been confiscated from Ross Ulbricht, who founded the online drug bazaar Silk Road, the accountancy firm’s transaction partner, Adam Nikitins, said.
Based on Tuesday’s single bitcoin price of $533.80, the cache of cryptocurrency is valued at almost $13.1m.
...
|
|
|
|
Australia to sell £8m of seized bitcoinshttp://www.bbc.co.uk/news/technology-36412487A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June.
The 24,518 bitcoins will be sold mostly in blocks of 2,000 - each with a market value of about £680,000.
Ernst & Young, the firm organising the auction, said the bitcoins had been "confiscated as proceeds of crime" but did not elaborate on the case.
One expert said the authorities had chosen a "safe" time to sell.
Australian newspapers have previously reported that 24,500 bitcoins were seized by police in the state of Victoria in 2013, after a man was arrested for dealing illegal drugs online.
In 2015, Victoria's Asset Confiscation Operations department "confirmed it had recently taken possession of 24,500 coins and would try to make the most of it", according to the Sydney Morning Herald.
...
|
|
|
|
...
Once you fork for this reason (or any other) it is no longer Bitcoin - it is an alt coin. Everyone that wants to continue the cap will continue on the Bitcoin protocol just fine. Everyone that want to use the newly created alt coin will use it until it falls to the wayside and loses all value just like a vast majority of all alt coins do.
It almost sounds like you're saying that every hardfork (even with 99% or 100% support) will create an altcoin. If this was the case, the "real" Bitcoin died long time ago (as we had 2 hardforks already) and what we have now is an altcoin with hijacked name. |
|
|
|
This is Safe Dice, not prime dice..
Posts you replied to and quoted referred to Stunna, Primedice owner. |
|
|
|
has anyone invest in their bankroll? i mean is it profitable because most of them you win some satoshis at first and then you only lose
Site has a profit so it is profitable. Most investors got burned because they were on high kelly and because of huggermugger's freak win. I've got a small investment at SD and made decent profit (in % terms), but wasn't invested during the huggermugger situation though. |
|
|
|
Very sorry about that. Deleted my post. When I went to the site it still had the investment tab.
Best of luck with your site, glad you seemed to follow my advice!
StuNa or whatever your name is. Save your advice. Think of how to run your site and get of peoples site. The is a recent alligation of you taking someones 13btc deposit. Please settle that m also improve your support then come give others advice Why would you dig out and quote a post from 2014? If you have any issues with stunna/primedice just post it in their thread (or start one in Scam Accusation). First I don't check dates. There is no rule here that says I shouldnt dig out post from any year. I can even dig out post from 1970 if need be. He is everywhere advising people when his site is shit. Poor support, steals peoples cash and if he can't steal he rigs you. Let me know if you still got issues with tht Pretty sure he's not stealing from users, just investors. Primedice has no investors as far as I know. ...I can even dig out post from 1970 if need be....
I'd be seriously impressed if you were to quote a post from any internet forum from 1970 |
|
|
|
|
I can see the benefit of small, infinite inflation but Bitcoin should stay capped at 21m. That's one of, if not the most important features of Bitcoin and it should stay this way even if it's clear that BTC would work better uncapped.
That being said, if at some point vast majority decide to remove the cap and fork, then there's not much anyone can do about it.
|
|
|
|
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
Cost of implementing BTC payments likely outweighs potential benefits. Amazon has the lowest prices on most of the products, so they don't really need Bitcoin to attract new group of customers as these will use Amazon anyway, either paying fiat, using purse.io, or just buying Amazon gift cards with bitcoins. |
|
|
|
... if so why companys cann use blockhain for their needs e.g. ibm and other companys shoudnt they pay a commision to have the right to use the blockhain
In addition to above replies - not every blockchain has to be related to Bitcoin. There are hundreds of altcoins with their own blockchains, and there many big players working on developing their own "blockchain technology" to suit their needs. "Blockchain tech" has lately become a popular buzz word and could mean completely different things. |
|
|
|
Thanks for speedy reply, web site is working and I send one time last week....Could servers be down? I'll be back later and will send tx address. Cheers!
I've never heard of this site before and there's no relevant google search results. It looks like it has been created very recently just to scam people. How did you find that site and what made you sign up with them? |
|
|
|
Perhaps a withdrawal through CEX.IO back to my bank card?
Yup, and then transfer from bank to paypal. You could also use Circle, it's pretty fast. If you want to sell BTC and get paid directly to paypal, you could use Coinimal.com (for Europe), but be aware that it could take a little while, and that PayPal will rip you off on any foreign currency conversion (ie EUR to GBP) |
|
|
|
Very sorry about that. Deleted my post. When I went to the site it still had the investment tab.
Best of luck with your site, glad you seemed to follow my advice!
StuNa or whatever your name is. Save your advice. Think of how to run your site and get of peoples site. The is a recent alligation of you taking someones 13btc deposit. Please settle that m also improve your support then come give others advice Why would you dig out and quote a post from 2014? If you have any issues with stunna/primedice just post it in their thread (or start one in Scam Accusation). |
|
|
|
KNC Miner should have focused on getting a cheap supply of electricity. Geothermal sounds cheap and I assumed Iceland was the world's top producer until I checked on Wikipedia. It says the USA produces the most, and Iceland's in seventh place. China is at the bottom of the list, so geothermal might be a weak spot for its miners. United States Philippines Indonesia Mexico New Zealand Italy Iceland https://en.wikipedia.org/wiki/Geothermal_electricityIt doesn't really matter whether geothermal energy is cheaper to produce. Unless miners are capable of building their own geothermal plants, what really matters is how much the suppliers charge the end-users. And those costs are still lower in China. Off course there are number of other factors (regulations, taxes, cost of labour, cold/warm climate etc) |
|
|
|
|
Andreas is considered one of the most respected Bitcoin advocates because he doesn't take sides and tries (hard) to appear neutral. And it's not only about blocksize, but also about altcoins etc.
If he was to declare his support to one 'camp' (or one roadmap), he'd lose a chunk of his credibility and trust from the opposing group.
And that's my only problem with him. He's too neutral, almost like a politician who tries to please everyone.
|
|
|
|
Same article, different source, so not a duplicate. The original apparently was published by Agence France-Presse. |
|
|
|
Japan Regulates Virtual Currency After Bitcoin Scandalhttp://gadgets.ndtv.com/internet/news/japan-regulates-virtual-currency-after-bitcoin-scandal-842010Japan has passed a law regulating virtual currency, after the country found itself at the epicentre of a multi-million dollar embezzlement scandal following the spectacular collapse of the Tokyo-based MtGox Bitcoin exchange.
Once one of the largest, most established exchanges for the cryptocurrency, MtGox collapsed in 2014 after a suspected theft worth nearly half a billion dollars, which hammered the digital currency's reputation.
Japanese lawmakers passed a bill late Wednesday stipulating that all "virtual currency" exchanges must be regulated by the country's Financial Services Agency.
The new law defines a virtual currency as something with an "asset-like nature" that can be exchanged for goods and services.
...
|
|
|
|
|
Show Posts
