For values > 300 USD, bank wire seems to be the best way. For example, aurumxchange.com will offer you a 1:1 exchange for a 10 USD fee, plus whatever you're paying for the wire itself. For > 500 USD this seems the only acceptable way to do it. Depending where you're sending the wire from, it can take > 2 working days. For lower values you can expect the fees to grow, personally I couldn't find a reasonable way to do it. Let me know if you do  However, if you really want BTC, there are exchanges who will take direct USD deposits in certain countries. Or you can use Dwolla, Paxum, OKPAY... They won't give you LR, but will allow you to get your USD to the exchange. |
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Great! I'll test when I'll have some free time and put up a public server online.
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I am not sure if there is a difference between what you describe and how it currently works.
if you configure your client to use port number 80 or 443, it will use http (res. https) to connect to the server.
My python is a little rusty, but I was under the impression that the Electrum server doesn't encrypt connections (or at least it's not clear from the code), not even on port 443. I didn't have time to test, but I am planning on rolling a public Electrum server on btcnode.novit.ro (it's a bitcoin fallback node) so I will follow the developments closely... |
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Thanks. I hope it's clear why we need this transaction fee. Since this is a p2p network, sending large transactions (in terms of bytes) will add strain to the network to propagate those transactions and to store them. Look at how much the block database has grown from these spam transactions. So the increased fees is to combat that. If you want to waste other people's resources, you can but you need to pay for it. And most transactions will still be free.
But isn't that the wrong solution? Isn't the purpose of any crypto-currencies to be successful and attract a lot of transactions? Having a lot of transactions (of course, not spam, but that's irrelevant) should be the target, am I correct? If so, then arbitrarily forcing their number down is the wrong action... I was hoping to see some creative development in the other direction - having a lot of transactions while maintaining a small footprint on the blocksize and network load. |
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Yes. But only connecting to trusted Electrum servers over plain text http seems to be a requirement for this system work as a default position no? Or is there some way that a client can figure out if the server (or interceptors) is not just spoofing an Electrum server for nefarious purposes?
Wouldn't this be solved by using electrum.php on a regular https server? You can then have the https server available through tor or directly and the only unencrypted connection will be locally between electrum.php and the Electrum server. Of course, I do aggree that all connections to the Electrum server should be mandatory encrypted. |
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ovidiusoft unfortunately we can not accept docs in non-Latin language family without translation
If you would have bothered to check, you'd realize that Romanian is a language in the latin family. Even more: * my ID card includes Romanian/French/English descriptions for fields. For example: "Nume/Nom/Name". * my driver's license includes Romanian and English description for fields. For example: "Categorii de vehicule/Vehicle Categories". So you don't actually look at the documents which are sent to you for verification. Otherwise, I fail to understand how are my two documents unacceptable?! |
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HostFat
Certain e-currencies are available to verified clients only. We are protecting the system from abuse as well as preventing so called "laney moundering".
Absolutely non-refundable currencies are available to unverified accounts.
Speaking of which, your requirement to have all documents translated to English for verification is stupid and unnecessary expensive. Both my ID card and my driver's license are official documents recognized in EU (ID card) and worldwide (driver's license) AS THEY ARE. They are NOT translatable. I used them to verify a lot of accounts to other services and never had a problem. Until I created a OKPAY account, that is. Very-very disappointing experience. |
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I know that it can be done, but I cannot recommend to do that, unless you really know what you're doing. Then, for the moment he's stuck with the standard client, since he already has home bitcoins sent to him... BTW, that's a good idea for the future: have an option in the GUI to selectively import addresses to Electrum. |
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if you do not want to wait, you can use a lightweight client that does not download the blockchain: http://ecdsa.org/electrumyou can configure it to use port 80 if you are behind a firewall He's a newbie, you should explain to him how to import his private keys to Electrum. |
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No, the client should connect to the network, detect peers and start downloading the blocks. At some point you will also "see" the bitcoins that were sent to you. Unfortunately, I don't know what to tell you to do if after a few hours the client still doesn't connect and download the blockchain. It's possible you have an aggressive firewall? Or an antivirus?
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If blockexplorer doesn't show a transfer to your address, you didn't receive your coins yet.
As for your client, it's not done downloading. Give it some time, and if it seems stuck for a few hours, backup your wallet.dat, delete blk0001.dat, addr.dat and blkindex.dat and restart the client.
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You'd be paying huge bank fees to open dozens of accounts around the world, also Euro banks typically require $5-20k minimum deposit to open for foreign entities. You're also exposed to local taxation, since you're taking local deposits. Now, how are you going to inexpensively transfer money around back to yourself through this network of banks? Can't pay $50 to wire everytime or SEPA fees.
Not trying to be cynical here, but we don't really need another exchanger who takes the same 3 methods and really brings nothing new to the table. Local bank accounts are possible - MoneyBookers and Lillion transfer (forgot to mention this!) already solved the problem. Costs are not the customer's problem - transfering large amounts in batches will be less expensive than 15 USD / each deposit anyway. Not to mention that some smart local caching can optimize the process. I am not sure about taxation, I don't think you need to pay local taxes if your operation nexus is in another country. I am thinking about a vendor in UK who uses a France payment gateway for a Italy customer only needs to pay UK taxes. I might be wrong. Solution is use an online payment gateway that specifically does cash deposits http://www.trustcash.com/Have the gateway dump money to a TechnocashUSD account, or get an account at BoA and trade the deposited money for TechnocashUSD (.5% fee) from established technocash exchangers that already have BoA accounts. Great Success.. there's cash payment gateways for Europe too That's really cool! Hopefully there are processors who can cover all of the world. |
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Monebookers can be charged back, no exchange will take them unless they like to be scammed. They could pay you out with MB easily though
I was suggesting they emulate the MoneyBookers way and open local bank accounts in every country. |
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Ha, acum am descoperit și eu topic-ul ăsta. Hai că suntem vreo 10, punem de-o revoluție monetară īn Romānia? Apropo, vreau și eu să cumpăr niște BTC, cash īn persoană īn București sau pe-aproape. |
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How about using one of the reshipping companies out there? They are not the cheapest options, but at least you'll have a way of knowing beforehand how much it's going to cost.
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It's good to see new serious players in the field. The fee is somewhat acceptable for withdrawals, not so much for deposits. I'll probably wait until you guys add other deposit methods (LR, Pecunix, MoneyBookers).
Also, an idea for you: what I love in MoneyBookers (irregardless of their other shortcomings) is that they have local bank accounts in all the countries => really low fees for deposits/withdrawals. You might look into this.
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-You coul sell the electricity maybe for more
In here, you can't (not easily, anyway). In other countries, you could simply send it to the network and get it back when you need it, but not in Romania. So if you make it, you need to use it (or to store it, but that's another ball game). I can't think of a better use than mining  |
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1. Limited amount, and still against the contract in most cases hence still stolen.
If you can read romanian, I'll send you a scanned copy of my datacenter contracts. I dare you to say it to my face that I steal electricity. BTW, the manager of one of the datacenters knows I'm running CPU mining full load on the machines there. 2-4. Initial costs & maintenance, zero sum game without govt. sponsoring
I have an acquaintance who has a micro wind turbine, he recovered the money in a little more than 3 years. He now has free electricity. No government sponsoring. Is he stealing too? Or are you trolling out of habit? |
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Also free electricity == stolen electricity no matter how you slice it.
1. Already paid for electricity. 2. Photovoltaic cells. 3. Wind power micro-generators. 4. I believe there are micro-generators for flowing water too. Just because you don't have it, it doesn't mean free electricity doesn't exist. |
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Here is my idea: I could be your personal broker to use the client, buy/sell shares, etc. It would be as easy as this: you send btc to an address I give you, then send me an email saying which shares to buy or sell.
I am still thinking about pricing, what would be fair? I could charge 1% per transaction? Or take a percentage of profits made?
You you're just executing client instructions, then a fee per transaction. If you'll also offer advice to "i have 100 coins, what now?"-customers, then a percentage of profits. |
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