Sort of related advice: Whenever funding your tradehill account with paxum, either use bitinstant or go to mtgox instead. I made the mistake of trusting tradehills promise of "up to 24 hours". It took them almost 2 days to actually enable the funds into my account. While waiting the price rose more than $1. When asked the tradehill support about the delay they replied: I totally understand your concern and frustration with us. However, at this moment, we are processing these transactions manually and do not always have somebody available to do this.
Apparently a whole workday long no one was available to add funds, I guess I have consider myself lucky that someone did it on the second work day. If someone runs an exchange like a sporadic hobby, please be so honest and state this clearly on your website. At the same time I transferred some funds to mtgox also using paxum. It took them about less than a minute to have the available in my account. So my personal advice: use bitinstant or mtgox |
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How much was the withdrawal for? I've been told that withdrawals over a certain amount (like 100BTC or so) are automatically flagged for manual review.
It was 130BTC. I withdraw such amounts on a regular basis. Had no issues until now. And Tradehill states on their website that it takes no longer than 12hours... look at the receiving address. if it doesn't show confirmations you can go to blockexplorer and manually find you transaction.
I did this, and there is nothing in blockexplorer - that is how I know that Tradehill did never execute the withdraw. The point is I see no reason why they would even delay some withdraw in the first place. I mean tradehill does not do fractional reserve banking with our bitcoins (at least I hope so), which would be the only valid reason to delay it. Hi Aq, Answers to your questions: 1). BTC withdrawals under 100 BTC are automated. 2). Withdrawals over 100 are manual and the accounts are double checked. 3). We've been providing service on Sat and Sun from 10AM to 6PM EST but were unable to this Saturday and part of Sunday. 4). We've got ALL client USD, BTC, and other currencies. Planning to release public audits in the near future - stay tuned! Excuse the delay in processing, it's not typical. Thank you! Regards, Adam And why is this information nowhere stated on your withdraw page? It should be right there, instead of this armada of unused input boxes.(*) If I had known this before I would have withdrawn 65BTC twice instead of 130BTC at once - a method which BTW renders this manual delay completely useless... The way I see this is: when I want to withdraw MY bitcoins from your site, you have no right to decide if I am allowed to withdraw MY coins. From my point of view they belong to ME, I purchased them with my money - that you already took from me. If you really want to add some security, add another authentication (smartphone app, yubikey, you name it) for withdraws - but don't hold back MY coins when I urgently need them. (*) You need a single "if" statement to suppress those unused boxes - what does it tell us that you guys are unable to add a single line of code? |
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How much was the withdrawal for? I've been told that withdrawals over a certain amount (like 100BTC or so) are automatically flagged for manual review.
It was 130BTC. I withdraw such amounts on a regular basis. Had no issues until now. And Tradehill states on their website that it takes no longer than 12hours... look at the receiving address. if it doesn't show confirmations you can go to blockexplorer and manually find you transaction.
I did this, and there is nothing in blockexplorer - that is how I know that Tradehill did never execute the withdraw. The point is I see no reason why they would even delay some withdraw in the first place. I mean tradehill does not do fractional reserve banking with our bitcoins (at least I hope so), which would be the only valid reason to delay it. |
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Yesterday I withdrew some bitcoins from tradehill. I was under the impression that this is a fully automated process, hence it should take less than 2 hours. However, I still have not received my coins. That means this process either was never or is no longer fully automated. I doubt that is is the former, so I ask myself how to interpret this change to manual at tradehill?
Does anyone else have the same issues?
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People who want Bitcoin have to pay some premium (some 5%) when buying on ExchB.
Hello, I just wanted to chime in and let people know we are definitely working on this as a top priority. We had some startup issues getting Paxum going but once our account is funded, prices should become similar to those found on other exchanges. Arbitrage bots are very effective at closing price gaps when funds can flow freely. Thank you, David Sterry, President ExchB / ExchangeBitcoins.com Can you list exactly what additional withdrawal methods you would like to see?
It is not about me, it is what David wrote. Once ExchB has some low cost instant fund/withdraw methods, arbitrage bots will sync the price with MtGox/Tradehill. Right now it lists Paxum and Dwolla, both disabled. I guess that enabling Paxum (depending on the actual delay) could work for this, but we will see. |
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edit: you've called Bitcoin a Ponzi. clearly either you don't understand the definition of a Ponzi or you don't understand Bitcoin.
maybe both? |
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Eh, oh well...I only had like 78 anyways, but still wanted to get rid of them.
Thats easy, just delete the scamcoin wallet. |
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LOL it's an open source project - there are no 'leaders' as you describe them.
No one can force anyone to do anything.
You must be new here. Never heard of the cult-of-solidcoin? |
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I expected it could be hijacked like this. It is a main reason why I made 0.01 BTC prize pool for each tourney (I thought to make it something like 0.1 - 1 initially). I believed nobody will want to make it their full time job. Apparently I was wrong (guy was still running his "operation" when I spotted this).
If this was done by a bot, then 0.26 BTC/hour is actually a decent revenue. It would take some 11Gh/s to make the same amount. |
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well.. to use any flaw you need an effort. spend 3 hours to get 78 bitcents? this community was better before..
Apparently this "kid" is an investor, because once a Bitcoin will be worth $100, his investment of 3 hours will got paid at $25/hour  Is the math right? 0.78 BTC * $100 = $78 $78/3hours = $26/hour So yes, I should have written $26  |
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well.. to use any flaw you need an effort. spend 3 hours to get 78 bitcents? this community was better before..
Apparently this "kid" is an investor, because once a Bitcoin will be worth $100, his investment of 3 hours will got paid at $25/hour |
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If this ad is successful, I think the situation on on ExchB will be even worse. People who want Bitcoin have to pay some premium (some 5%) when buying on ExchB. Just have a look at http://bitcoincharts.com/charts/mtgoxUSD#kgexchbUSDzrg10zvztgMzm1g10zm2g25 to see it yourself. The reason for this? It is very difficult to get money out of ExchB, especially because there is no instant method available. As a result it seems most don't want to sell their coins at ExchB, even at the higher price, and thus as a result there is more demand (USD) than supply (BTC) at ExchB. So advertising ExchB could have the side effect of people discovering that ExchB is more expensive than other exchanges and hence don't buy bitcoins. IMO ExchB has to add some more depoit/withdraw options to be able to give their customers a fair price. Edit: some current data Current MtGox order book (selling) 4.88002 0.2281 0.2 4.9227 5.9200 6.1 4.92474 0.1400 6.3 4.92576 0.2442 6.5 4.92906 0.3000 6.8 4.93402 0.3000 7.1 4.93798 15.3100 22.4 4.93799 0.1800 22.6 4.938 45.4100 68.0 Current ExchB order book (selling) Ask BTC Cumul USD Cumul Average $4.9645 0 0 0 0 $4.9645 $4.9926 0 0 0 0 $4.9854 $5.0534 0 0 0 0 $4.9935 $5.1144 0 0 0 1 $5.0538 $5.1515 1 1 5 6 $5.1357 $5.1704 0 1 0 6 $5.1361 $5.2018 0 1 1 6 $5.1451 $5.2522 0 1 1 8 $5.1609 $5.2900 16 17 85 92 $5.2791 $5.3000 60 77 318 410 $5.2953 So to buy a 50BTC once has to pay $4.938 at MtGox and $5.3 at ExchB |
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SolidCoin and Mr Moon are not the same person nor thing.
How do you know that Mr Moon and Coinhunter is not the same person? Well actually I made a thread warning them over a week ago about the phony whois, which he openly admitted to, his gmail address, .IN TLD, blatantly illegal online gambling in the USA....amongst several other major bas signs.
Maybe it's just me, but when an exchange owner will not disclose his real location or name and is dealing with tens of thousands of USD, that's a huge red flag for me.
Actually it is even more simple: any exchange trading SolidCoins (or some other shitcoins) should be a huge red flag for everyone. Well, one can use it for the usually early investor ripoff - only risking shitcoins in doing that. |
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What happens if I add/withdraw funds or even trade while you are at the trading phase? Just asking.
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Trivial time range shrinking from starting October 2011 (2 hours) and ending March 2012 (1 minute). Current code:
// Check timestamp
if (GetBlockTime() > GetAdjustedTime() + 2 * 60 * 60)
return error("CheckBlock() : block timestamp too far in the future");
New code: // Check timestamp
int64 range = 1333000000 - GetBlockTime();
if (range < 0)
range = 0;
range /= 2048;
if (range > 2 * 60 * 60 - 60)
range = 2 * 60 * 60 - 60;
range += 60;
if (GetBlockTime() > GetAdjustedTime() + range)
return error("CheckBlock() : block timestamp too far in the future");
Code is just typed in, untested. So it probably contains bugs |
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If the protocol demanded strictly-increasing timestamps, what should you do if a block shows up whose timestamp is one minute ahead of what you think the time is? Should you stop mining for a minute? Should you mine blocks with a timestamp you believe is wrong?
Because it is important that the network as a whole agree on whether a block is valid, it doesn't make sense to insist on monotonically increasing timestamps.
There is a hardcoded limit implemented right now, 2 hours. So what would be the difference between 2 hours and 1 minute? In both cases it is a clear cut. Either the block is declared valid or not valid. So today the current question is "what should you do if a block shows up whose timestamp is 2 hours and one minute ahead of what you think the time is? Should you stop mining for a minute? Should you mine blocks with a timestamp you believe is wrong?" Looking at the current code, it is clear that this block would just be invalid. Now even if this would be 20 years ago, I would say 2 hours is way too much. I think it would take years for an average real time clock to accumulate a clock drift of 2 hours. So I guess, the only reason we still have 2 hours is that some pool operator(s?) like to play with the timestamps - I highly doubt that anyone else mining is not using the correct time: Well, there is some bleeding edge new technology called NTP. Oops, we have this since well before '85. http://en.wikipedia.org/wiki/Network_Time_Protocol But of course using NTP would force us to have some online connection (aka internet) maybe once a day to correct the time drift of the built-in real time clock. Wait, Bitcoin needs an online connection anyway, so the legitimate is why does Bitcoin not use NTP? |
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1. Past performance - 9.85% return this month in my personal account. In my other trading activities I made 2.5% in July and 2.6% in August. As a trader my first priority is to manage risk, so I only enter trades with the exit already located and sufficient liquidity in the market.
Is this performance in USD or in BTC? |
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I was thinking about doing whole freelancing-for-bitcoins site, but it's a rather big project.
You could break it down into smaller intermediate steps. Once could argue that you are already at step 1 with the current bounty site. Judging by how well my projects have been accepted so far I would wait until investing several months into it  I would say that reception depends on the actual project. Frankly, opening a competing forum, while a great idea, is probably not the easiest task to establish. Just look at Vladimir and https://bitcoin.org.uk/forums/, and he even "pays" people to post there. Another problem is that there are multiple, how to put it, areas involved into such projects.
You have donations, bounties, joint bounties, freelancing, crowd-sourcing, microcredit etc. with various parameters, like whether to use escrow or not, progress track, whether to return funds, like Kiva does, who will have the final say in releasing the funds and so on and so forth.
So it's problematic to create a single and consistent vision of a useful service that is properly positioned.
Trying to implement everything and cater to everybody's needs will create a mess and a sure failure.
That is why I suggest doing the whole thing in smaller steps. After each step you can adjust your target. At this point I would rather limit myself to roughly 3-day projects and see how it will go.
Fair enough. However, do you know why MtGox is as huge as it is? Just one reason: it was there before anyone else. |
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Shoot me your ideas. If they target general public the project won't be tied to the forum, don't worry And another thing - you don't have to be a member to subscribe to new bounties or reply/claim them. As you already have a basic bounty thing and http://www.bitcoinstarter.com/ seems to be constantly delayed, maybe you could step up to do something like bitcoinstarter (which as far as we know, wanted to be more like kickstarter and less that of a bounty website anyway). IMO necessarily things: - standalone web site (own domain, own user system)
- open source the whole thing
- anyone can start a bounty (will be displayed public as soon as it is funded with lets say 1BTC)
- everyone can anonymously increase a bounty by sending some bitcoins to the public bounty address
- deadlines - when the bounty target will not be reached, all funds are returned to their respective sending addresses
- by using public addresses for everything, all displayed funds can be verified using blockexplorer
- while I like you "in progress" state, it should contain more details
- maybe add gradual bounties, 100% until some date, 50% until some later date, unpaid funds are returned to the senders
- a defined mechanism how it is decided if a bounty claim is valid or not
- funds have to be secured somehow
While partial outdated https://bitcointalk.org/index.php?topic=35905.0 contains some discussion about such a site. |
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