He didn't move anything, used some BS emotional excuses (something like "sorry, I thought I could do it but I can't" etc). There was shitload of news coverage about it in both bitcoin and mainstream media, but, since he didn't deliver, the story died quickly.
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Bitcoin price rises more than two per cent to above £370 following recent rallyhttp://www.cityam.com/242258/bitcoin-price-rises-more-than-two-per-cent-to-above-370-following-recent-rallyThe bitcoin price has continued its recent rally to rise another two per cent today.
The price of a single bitcoin reached a high of £374.04 ($546.85) in trading today, up more than 2.6 per cent, and was trading at £371.94 by 1pm (GMT), according to Coindesk.
Prices have risen by around 20 per cent since 28 May, following a surge in demand out of China. ...
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China’s Bitcoin Buying Bingehttp://www.pymnts.com/news/bitcoin-tracker/2016/china-bitcoin-buying-binge/In a buying spree that began on Friday (May 27) and carried on through the four days since, Chinese investors managed to push the price of bitcoin up by 16 percent. As of the time this story was written, the price of an individual bitcoin was pushing $550.
All in, bitcoin has added $1.2 billion to its market cap, according to data from blockchain.info. Bitcoin is still trading well below its high point of a little over $1,100.
The bitcoin burst comes as Chinese investors are looking for new and more productive asset classes. Similar booms have recently been observed in equities, bonds and commodities trading — all with an accompanying deflation once the roving gang of investors moves on to the next big thing. The recent devaluation of the yuan has also motivated some Chinese consumers to seek bitcoin as a hedge against currency devaluation. ...
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Why These Bitcoin Price Moves Are All About Chinahttp://moneymorning.com/2016/05/31/why-these-bitcoin-price-moves-are-all-about-china/... Bitcoin buying in China suddenly increased in recent days. And make no mistake, China dominates world Bitcoin trading.
Many people don't realize China's importance to the Bitcoin ecosystem. Despite restrictions imposed in 2014, the Chinese government never banned Bitcoin outright. China-based Bitcoin miners account for about three-quarters of all Bitcoin miners.
Over the past 30 days, trading between Bitcoin and the Chinese yuan has accounted for 93% of all Bitcoin trades, according to Bitcoincharts.com. By comparison, trading between Bitcoin and the U.S. dollar accounted for just 6%. ...
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Before posting any question please try to search it on the search bar of this forum, as a month or two ago I have saw a thread the same as it, there a lot of people/members have shared their opinions/replies, there you can find the solution/answer to your question.
Forum search bar is pretty useless, you'd be better off using google instead.
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are there any bitcoin banks that give interest on deposits?
No. But you could use exchange sites to provide loans for margin trading. Poloniex does offer such option, possibly few other sites too. You earn some interest and the risk is rather small, but % rates are not guaranteed and depend on current demand for loans (currently ~0.02% daily on Poloniex). That's probably the closest thing to what you're looking for. ps. Always do your homework and learn about the risks before investing anywhere.
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why is it Ernest and Young that have the keys ?
They must have been appointed by Australian police to handle the storage and auction. Nothing unusual, i.e. Kraken have been appointed by Japanese authorities to assist in sorting out the Mt Gox mess.
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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. ...
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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. ...
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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. ...
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...
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.
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This is Safe Dice, not prime dice..
Posts you replied to and quoted referred to Stunna, Primedice owner.
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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.
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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
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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.
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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.
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... 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.
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