Bitcoin Forum

Other => Beginners & Help => Topic started by: im on May 04, 2018, 08:23:48 AM



Title: bitcoin transaction monitoring with notifications
Post by: im on May 04, 2018, 08:23:48 AM
Hello everyone.

My bank sends me SMS messages when I have funds arriving or spend them.
I find these SMS very handy, so if I see any unauthorised transaction, I can do something about it.

I thought it might be helpful as well to have a bitcoin transaction notification service.

And in my spare time I created one: https://bitcoinalarm.systems

Could you please tell me if such a service might be helpful  to you?


Title: Re: bitcoin transaction monitoring with notifications
Post by: AdolfinWolf on May 04, 2018, 08:42:27 AM
Hello everyone.

My bank sends me SMS messages when I have funds arriving or spend them.
I find these SMS very handy, so if I see any unauthorised transaction, I can do something about it.

I thought it might be helpful as well to have a bitcoin transaction notification service.

And in my spare time I created one: https://bitcoinalarm.systems

Could you please tell me if such a service might be helpful  to you?

I mean.. You're making a tool to detect "symptoms" instead of going after the disease itself ( which is fixing your security ).

This tool isn't going to help you majority of the time, because bitcoin is nothing like a bank. You can't "reverse" a transaction. At most you can doublespend and get confirmed earlier, but you'll have to be really, really lucky for that to happen, especially with the current mempool. ( Which is pretty empty, anyone who puts an above average tx fee will get confirmed within the next block...).

A better idea would be to just improve your security, do some virus scans, don't install weird shit, and just keep your wallet safe.



Title: Re: bitcoin transaction monitoring with notifications
Post by: im on May 04, 2018, 08:56:02 AM

I mean.. You're making a tool to detect "symptoms" instead of going after the disease itself ( which is fixing your security ).


Well, not exactly. This tool is for keeping me (or anyone) informed about debits and credits without opening a wallet application.

I'm good with my security, as my bank is good with theirs, but they still notify me and I appreciate that.


This tool isn't going to help you majority of the time, because bitcoin is nothing like a bank. You can't "reverse" a transaction. At most you can doublespend and get confirmed earlier, but you'll have to be really, really lucky for that to happen, especially with the current mempool. ( Which is pretty empty, anyone who puts an above average tx fee will get confirmed within the next block...).


Luck increases with being timely informed, doesn't it?