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3321  Bitcoin / Development & Technical Discussion / Re: Brainstorming on best way to do deposit and withdraw without registration. on: October 31, 2012, 08:10:02 PM
Ok i suppose it's perfect then Smiley

I scanned it and didn't see a description of what problem you are trying to solve.  

There are many, many sites today that allow me to make a purchase without registering.  CoinDL is one, for instance.  BitPay is another.    All of them provide a new address per purchase action.   So I didn't know there still was a problem yet to be resolved.

3. The service/game will allow the deposited money to be withdrawn only to the same address they were sent from.

That's not the way bitcoin hosted (shared) EWallets work.  Some services were designed to work this way (BitLotto.com, SatoshiDICE.com, etc.) but that places restrictions (no payments from hosted / shared EWallets) on the user base.  Modeling a payment system that has this restriction though won't work.
3322  Other / Beginners & Help / Re: Uk buying of bitcoins, anywhere accepts debit card or paypal... on: October 31, 2012, 07:23:35 PM
Getting coins in the uk is a pain and eBay sellers seem to be aware of this judging by the ridiculous prices on there...

If you don't end up with a trade here, your options include:

Blockchain.info has added the ability to use Barclay's Pingit to buy bitcoins using GBP:
 - https://blockchain.info/wallet/deposit-pingit

And they now also provide Instant online bank transfer in the UK (and Austria, Belgium, Germany, Italy, Netherlands, Poland, Spain, Switzerland):
 - https://blockchain.info/wallet/deposit-bank-transfer

Bitcoin-Central has launched its BTC/GBP market, where you can trade after transferring pounds sterling to their bank in France.  The order book is pretty thin yet but they did just launch:
 - https://bitcoin-central.net/order_book?currency=GBP

You can also send cash (GBP) in the mail to Bitcoin Nordic (in Denmark):
 - http://www.BitcoinNordic.com

And, or course, there may be a chance for a local trade:
 - http://www.LocalBitcoins.com

As far as PayPal, about the only option through an exchange would be VirWoX.  With VirWoX you purchase Second Life Lindens (SLL) using PayPal, then trade those SLLs for BTCs.  It isn't the cheapest method, but PayPal beggars can't be choosers.
 - http://www.VirWoX.com
3323  Economy / Currency exchange / Re: Mt. Gox Too Risky for Chase? on: October 31, 2012, 07:13:22 PM
It is his money after all and his risk to take.

The bank can hold funds from being available for a bank wire (or any other transfer) for various reasons.   This is covered under "Regulation CC".
 - http://www.bankersonline.com/regs/229/229.html

Even with normal processing there are exceptions that are allowed -- though I would assume the bank customer would be able to know the specific reason if an exception were taken.

So is it possible that it is not that Chase is protecting the customer from the risk of sending money out and instead is protecting themselves using funds availability / extended hold periods to justify not sending the funds?

[Edit: Also, the bank likely has security procedures for wire transfer requests in which the request must be made in-person at the account-holder's home branch.  Is it possible the request was denied because the request was placed online or over the phone, and not following the required process?]
3324  Other / Beginners & Help / Re: Can fees be so high? on: October 31, 2012, 11:55:28 AM
Maybe to add provided example to wiki? I would do it myself, but I'm not familiar with wiki editing system, at all.  Tongue

Done.
 - http://en.bitcoin.it/wiki/Change
3325  Other / Beginners & Help / Re: Can fees be so high? on: October 31, 2012, 09:55:31 AM
Can someone explain why the second and third transaction have fees? why they are different and why the third one is almost 9% of the transaction value?

Those aren't fees.  Those are "change".  

If you click on the transaction id, it will show the view of the transaction.  The fees paid were 0.    

If you are using the Bitcoin.org client, then the change is now in some other address in your wallet.   If you are using a hosted (shared) EWallet, then what happens on the blockchain doesn't match up exactly with what happens in your EWallet account.

 - http://en.bitcoin.it/wiki/Change
3326  Other / Beginners & Help / Re: How can I transfer bitcoins to a UK bank account? on: October 31, 2012, 09:46:18 AM
I need to sell my bitcoins and get pounds sterling into my UK bank account.

Many Bitcoin exchanges offer to let you withdraw your funds as an International bank wire.  The problem is the funds are generally going to be in a currency other than GBP and that trade then incurs currency conversion costs. 

Bitcoin-Central just launched its BTC/GBP market.  It doesn't have great liquidity yet, but it did just open.  There are no reports yet as to how long after a pound sterling (GBP) withdrawal takes to reach a UK bank account.
 - https://bitcoin-central.net/order_book?currency=GBP

AurumXChange will let you sell an exchange's redeemable code (e.g., MTGUSD) for a bank wire (GBP).  The fee appears to be about 5%.
 - https://www.aurumxchange.com/sell

3327  Economy / Trading Discussion / Re: Bit2Brit is launched on: October 31, 2012, 09:25:51 AM
bit2brit.co.uk is now live

There are unanswered questions about this exchange that was launched by someone not recognized as having participated yet in the Bitcoin community (i.e., consider using an escrow if doing a trade.)

 - http://bitcointalk.org/index.php?topic=121265.0
3328  Economy / Trading Discussion / Re: So how on earth am I supposed to get bitcoins in the UK? on: October 31, 2012, 09:24:57 AM
Have a look at bit2brit.co.uk

There are unanswered questions about this exchange that was launched by someone not recognized as having participated yet in the Bitcoin community (i.e., consider using an escrow if doing a trade.)

 - http://bitcointalk.org/index.php?topic=121265.0
3329  Economy / Trading Discussion / Re: Looking for a new exchange for BTC to GBP trades on: October 31, 2012, 09:24:06 AM
Have a look at bit2brit.co.uk

There are unanswered questions about this exchange that was launched by someone not recognized as having participated yet in the Bitcoin community (i.e., consider using an escrow if doing a trade.)

 - http://bitcointalk.org/index.php?topic=121265.0
3330  Economy / Trading Discussion / Re: Exchange help for selling BTC in UK on: October 31, 2012, 09:23:20 AM
Have a look at bit2brit.co.uk

There are unanswered questions about this exchange that was launched by someone not recognized as having participated yet in the Bitcoin community (i.e., consider using an escrow if doing a trade.)

 - http://bitcointalk.org/index.php?topic=121265.0
3331  Other / Beginners & Help / Re: Bitcoin Businesses and Developers, Let's Get Started! on: October 31, 2012, 09:21:43 AM
We are Bit2Brit,

There are unanswered questions about this exchange that was launched by someone not recognized as having participated yet in the Bitcoin community (i.e., consider using an escrow if doing a trade.)

 - http://bitcointalk.org/index.php?topic=121265.0
3332  Economy / Trading Discussion / Re: Trading Bitcoins from the UK on: October 31, 2012, 09:20:54 AM
Have a look at bit2brit.co.uk

There are unanswered questions about this exchange that was launched by someone not recognized as having participated yet in the Bitcoin community (i.e., consider using an escrow if doing a trade.)

 - http://bitcointalk.org/index.php?topic=121265.0
3333  Other / Beginners & Help / Re: How to transfer bitcoins to your bitmit? on: October 31, 2012, 08:32:13 AM
I tried to transfer some bitcoins in my bitmit account, but I didn't receive any Sad

Can you help me?

If you weren't aware, bitcoin services such as BitMit don't acknowledge bitcoin transfers immediately.  A transfer must receive a certain number of confirmation (likely six confirmations) before those funds are credited to the recipient's EWallet account.    The amount of time to reach six confirmations will take, on average, about an hour, though it could be quicker than that or it can take more than two hours in rare occasions.

Most clients will tell you how many confirmations a transaction has received.  If you sent from a hosted (shared) EWallet, then you likely won't see the number of confirmations and instead must look at a blockchain explorer program to see if it has confirmed.  For example:
 - http://www.Blockchain.info
3334  Bitcoin / Bitcoin Technical Support / Re: Wallet of of sync on: October 31, 2012, 08:01:24 AM
I have also tried a couple nodes to telnet to from this list: http://blockchain.info/connected-nodes  on a couple of different ports and none of them connect.

Well, if your 8333 is being blocked, it won't matter which address.   But for what it is worth, for nearly all non-standard ports shown I couldn't connect to them either.  Eventually I found one.  (It also serves as a Tor exit node, according to host $IP, so I'm guessing it is OK to paste the IP address here.)

So try Putty to this:  178.79.170.173:28333

When I try to use putty to connect to: 62.75.216.13:8333 I get a connection timed out error. Has anyone experienced anything like this with DSL from Acanac in Ontario Canada?

It is possible that an ISP would block that port, though that would be surprising.  Some terms of service for ISPs prohibit servers, and Bitcoin might be getting classified as a server  and thus the port is being blocked as a result.  Bitcoin should instead be classified as a client in a P2P network so that would be an error on the ISPs part if that were to happen.

Or maybe your ISP is the pilot location for the testing of the nationwide "kill bitcoin" initiative in which port 8333 traffic across the nation is stopped at the press of a button.

I hope I'm being funny, but oddly that wouldn't be surprising.

Anyway, check 28333 on that one port.  If that works but 8333 on 62.75.216.13 or others still doesn't then maybe give a call to your ISP and inquire why.

Instead if 28333 is still blocked I don't know where yould look at next.    There obviously is Tor or IPv6 that will let you get connected but if that is your ISP doing that blocking, it would be better to know that and get a ticket for that (and request that it be escalated if necessary) as that is likely not the ISPs policy to block outgoing traffic like that and instead would probably be an erroneous configuration causing that.
3335  Bitcoin / Bitcoin Technical Support / Re: Is it the 52 byte compressed key, or is this the worst keypair ever? (bounty) on: October 31, 2012, 03:52:08 AM
The wallet.dat was encrypted some time after the block was solved, and became corrupted to the point that the bitcoin.org client would not open with it.

The Bitcoin.org client version 0.7.1 has a "-salvagewallet" option.  You might want to try that on a copy of the wallet.dat,
then if that loads, you can use the console from the Debug window to dumpprivkey.
3336  Economy / Trading Discussion / Re: MoneyPak on: October 30, 2012, 11:31:15 PM
Can anyone give me step by step directions on how to turn my MoneyPak into Bitcoins?

MoneyPak is an excellent way to cash out of bitcoin where you then use that MP to reload a debit card or PayPal, for instance.

But MoneyPak is a horrible way to try to buy bitcoins.  Here's why:

The problem is no commercial service can accept MoneyPak as payment for the purchase of bitcoins.  Green Dot doesn't want that happening.  They only allow you using the MoneyPak codes with authorized merchants or for loading funds to your own debit card.  So the only ones where trading MoneyPak for bitcoins  is happening is with individuals who accept MoneyPak for payment when selling bitcoins person-to-person and are small enough to operate below Green Dot's radar.  The person that accepts MoneyPak then uses it to load a PayPal account to to add funds to a reloadable debit card.

Cashing out your bitcoins to MoneyPak is not a problem, and there are a couple of commercial services which offer this:

 - http://www.BTCPak.com
 - http://www.FastCash4Bitcoins.com
 

MoneyPak is a bearer instrument -- anyone who knows the code can spend it.

There are a few ways these MoneyPak codes can end up in the hands of thieves and criminal hackers who then trade them for bitcoins.

The theif might even provide what seems to be a valid MoneyPak code and the person selling bitcoins might see the funds loaded into the PayPal account or wherever the code were used but then later the funds are reversed after the rightful owner of the code reports theft.

To regain access to the funds, the person that accepted the MoneyPak needs to provide to Green Dot a copy of the receipt used to purchase the MoneyPak, using cash.  Even with that, if there is someone else with the same receipt reporting the theft, that person would likely lose the dispute as another person was actually the party that bought the MoneyPak from the store.

So it comes down to ... you are offering a payment method that is reversible and is frequently used to defraud.  Do you already have a trust history perhaps?

The #bitcoin-otc Web of Trust (WoT) will show the trust history of a trader.  If a person is considering trading bitcoins for someone else's MoneyPak, that person's trust history might help to determine the level of risk -- but even then, proceed with caution.
3337  Other / Beginners & Help / Re: A new notation for Bitcoin? on: October 30, 2012, 10:59:06 PM
I have an idea, why don't we just count bitcoins using the tonal number system.  It's way easier and more pure.
[...]
Thanks for the link casascius.  I've always had respect for those who think:

I think he was baiting you.  This isn't the first time Bitcoiners have heard of Tonal Bitcoin.  It, um ...,  it ...   well ..., um., , I guess we're just not ready for such advanced thinking.

 - http://en.bitcoin.it/wiki/Tonal_Bitcoin
3338  Bitcoin / Bitcoin Discussion / Re: The best way to Hoard coins on: October 30, 2012, 10:39:50 PM
So why would I choose bitcoins over fiat when the former has a potential upside of a tin can under a lit stick of dynamite?

If you are saving in bitcoin then to make a purchase with those coins, any purchase, you need to then either cash some coins out to fiat, which incurs an expense, or you can use them as the method of payment.

So if you can spend the bitcoins rather than cashing them out that gives you an immediate return over the cost of quickly convert those coins to cash.   If you wish to maintain a level position of bitcoins, then in response to the spending you can then use an inexpensive bank transfer to purchase more coins that will replenish the amount that you spent.

There is nothing I want to buy with bitcoins that I can't buy with fiat.

That's not entirely true.  Can you play an equivalent with SatoshiDICE using any other payment method?

Even so, Bitcoin brings benefits to merchants allowing them to offer a discount when the customer pays using Bitcoins versus credit card.

Tangible Cryptography, for instance, sells $100 of AT&T wireless service for an amount of bitcoins worth just $95.  (i.e., the customer receives a 5% discount when paying in bitcoins).  Take that 5% now, and replenish your coins with an inexpensive bank transfer -- you come out ahead versus just saving the coins.
 - http://bitcointalk.org/index.php?topic=82924.0

Where this could get wider traction is for high dollar, high volume purchases.    For example, people will pay cash at gas stations that offer a ten cent per gallon discount for paying cash.  Consider if they let you pay bitcoins and get that same discount.  (or because cash is expensive, the bitcoin method is even cheaper than the cash payment method.)  

And then there are other categories that are just ripe for Bitcoin adoption.   Merchant accounts for travel billings are considered "high risk" due to the high chargeback ratio.   So that is an example where the merchant can use bitcoin to gain a competitive advantage.
 - http://bitcointalk.org/index.php?topic=73694.0

3339  Bitcoin / Bitcoin Technical Support / Re: I am Raging about Bitcoin qt client :( on: October 30, 2012, 10:23:09 PM
Also, recommending pywallet for someone who will need to export a couple private keys is a bit overkill lol

If your wallet includes funds sent to change addresses, how would you know these addresses?
3340  Bitcoin / Hardware / Re: My Next Mining Rig on: October 30, 2012, 09:33:08 PM
I think someone was making a joke and you took it too seriously

Ya I goofed.  I had several tabs open and was compiling a response to another thread (roughly same topic, asking about "supercomputer" for mining) and posted that response here in this thread.  I hadn't even yet read the link from this post as a result.

That would make a hell of a mining rig.  It will hash nearly 10% of all Bitcoin mining capacity at this point ... so about $7,500 USD worth of bitcoins generated each day!
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