Mr. Bikini, can you send me another hit? Please because this is what happened: https://bitcointalk.org/index.php?topic=840432 (I lost half my money in miners fees! So I cannot even send you anything, there's not enough left in my Blockchain online wallet) This time, please send me 0.0020 BTC to this bitcoin address (another online wallet): 13VE1z9qejX4dkjkCZEV4PdjEj7FkCt8BEThank you very much and sorry for the bother! If I like Bikinidice I will say so here and when I get some bigger BTC I will gamble some of it there! Bump. Still waiting! You have to spend money to make money is the first rule in advertising...some free beer please Mr. Bikini!  |
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And why? Why? More like How? I understand how shorting works in theory, but has anybody actually tried to short BTC? I'm having a hard time buying it, much less shorting it. Any actual experiences appreciated. Do the exchanges charge interest while you hold the short for example? |
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Who even cares about being gay anymore? It's about as important to me as hair color.  So you are a middle aged man who dyes their hair in rainbow colors? Just kidding... As the other poster said, it's a plus not a minus for Apple's image. A minus might be for a company producing a analgesic heat rub used to relieve muscle and joint pain to hire for an advertisement some actor with first name Ben. {pause for effect} Ben-Gay? |
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For practical purposes, they are fungible. Yes, you can distinguish them, and trace them through the block chain ledger. (But it bears pointing out that all the satoshis born in a given block have the same originating transaction "serial number" ... they only become "different" because they can eventually take different transaction paths).
I think this is the best answer on technical points I've read here.... btw I *did* vote that BTC are fungible. However, the US IRS thinks differently...unfortunately for BTC longs. TonyT |
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The panic must be close - this is a second thread with panic in the subject line.
LOL good one. PS - Time to quit faking by putting a carrot on your head...nobody believes you are a unicorn! TonyT |
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This makes me think that you're the opposite of a noob - an olld perhaps? olld? Is that a word? http://olld.com/page/4/ <-- yes, an olld! (Funny videos involving old people page) |
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Suggestion: bring in an option with tits instead of bikini, it's 18+ anyway so why not?  Cool idea I have 0.04 BTC, is that enough to gamble on your site? |
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...I bet some judge rules that BTC are more like non-fungible goods than fungible currency.
... You can mark a dollar bill (let's say with your signature), which doesn't make fiat any less fungible. Neither does marking bills with a dye pack (money stolen by a clueless bank robber--your example). I doubt the courts would treat BTC any different than a signed dollar bill, or one stained with a dye pack. Fiat bills are all marked, with a serial number. So each piece of paper is individual. Yet they are quintessentially fungible. (Only an OCD person or one with numerical synesthesia would insist on a particular bill over another based on the serial number. ) But it's a common tactic to record serial numbers of cash given to criminals by police in a sting operation, so the bills can be tracked and recovered. So cash is not fungible if marked, either by a police taking down the serial numbers, or by spray painting them red with a dye bomb. Likewise BTC is not fungible. |
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Thank you for reminding on the bigger picture!
Personally, I did never understand all the doomsday talk going on in the last weeks. I think people have extremely inflated expectations and lack patience in regard to the value appreciation of Bitcoin.
Bitcoins' rise so far has been extremely fast compared to movements in most traditional markets. Yet people expect it to continue without any interruption.
I think the current period of depressed prices and sideways/down movement could even continue for another year. That would not be extraordinary in any respect and would by no means invalidate the revolutionary concept of Bitcoin as a superior currency.
ya.ya.yo!
I am not a chartist, but the chart for BTC is clearly not "sideways" but more like a constant decay from the peak. I don't see any "support" or floor except the 2012 and early 2013 data. Good luck. My BTC was cancelled by coinbase and they indirectly did me a favor as it's been dropping since my order. |
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This kinda surprises me. You are a full member. You should know how these things works.
LOL.. and the way he writes his title is kinda weird. This just means that there is a lot of trolls here in btctalk I'm not a troll, just a noob. And of course the title was deliberate, along the lines of a Eternal September* noob post. TonyT * just in case --you can never assume these days--you don't know what this phrase means: http://en.wikipedia.org/wiki/Eternal_September |
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Consider it an expense like advertising!  Why not TXID: ab26e27cac9252a676d1665de2cb49196399fdb40d534bb6f28f9a2adf104815 We are working hard on our marketing Mr. Bikini, can you send me another hit? Please because this is what happened: https://bitcointalk.org/index.php?topic=840432 (I lost half my money in miners fees! So I cannot even send you anything, there's not enough left in my Blockchain online wallet) This time, please send me 0.0020 BTC to this bitcoin address (another online wallet): 13VE1z9qejX4dkjkCZEV4PdjEj7FkCt8BEThank you very much and sorry for the bother! If I like Bikinidice I will say so here and when I get some bigger BTC I will gamble some of it there! TonyT Yeah, sure, why not ask for more money? He did not organize a giveaway. He is paying so I can visit his site and give a honest review. And I'm a noob with no btc coin to spend!  |
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Blockchain.info themselves didn't get anything from you - but for some reason their wallet decided to pay around 10 times the usual fee of 0.0001 BTC.
I don't use their wallet myself, but seem to remember they have a setting for how much fee to include. Did you perhaps select the "generous" setting? I can't think why else they would include so big of a fee.
YES! dooglus you are a genius detective. I am logged off BlockChain.info now, and will check my settings later, but as I recall when I set up the account I checked the "generous" checkbox thinking it would speed up transactions (since I had read that some BTC transactions take 1 hour to confirm. So you solved it, I'm 99% sure that is what happened. TonyT |
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Ok that makes sense, thank you. Can you tell me whether it's possible to combine tiny BTC amounts in your wallet and spend them? Say you have ten 0.00010 BTC amounts, can you make them into one 0.0010 BTC? Also you did not answer this part, do you care to? "How does the entire world know that I received 2.0 mBTC, sent 0.4 mBTC, and am only left (of the original 2.0 mBTC) with only 0.6 mBTC? Is that supposed to be public knowledge? And, as before, why are such big amounts taken from my initial sum, just for sending small micropayments?
I am left with 0.6 mBTC (in my Blockchain.info wallet) + 0.4 mBTC (in my online wallet) = 1.0 mBTC out of a initial sum of 2.0 mBTC, so half my money was taken by the miners in just one micro transaction?" To answer the first question. Bitcoin does it automatically when it gathers the change it searches for the unspent outputs then lumps them all together to make that 0.001 (Assuming they are all in the same wallet of course) (If you wait long enough and get coin age you can do it for free but its a factor of time and priority on the network so the fee speeds it up) Thanks but I was asking whether your online wallet can do this, not the bitcoin network and/or bitcoin core, that is, whether Multibit or Electrum can combine a bunch of smaller amounts into one big amount; i trust they can. __
Second Part
(small error) 1.6 I believe not 0.6
No small error, in fact I lost 1 mBTC. I've double and triple checked. It's confirmed in the blockchain the ledger records that you recieved 2.0 mbtc from someone then it records that you sent 0.4 mbtc to someone else and deducts that amount from the ledger so the amount of unspent transactions is 1.6 mBtc. ACTUALLY IT IS 0.6 mBtc--TonyT The miners all observe this transaction and confirm that you sent it to Bob and he recieved the balance. So yep the record of the transaction is recorded and public knowledge, the person behind the address is unknown usually hence psuedo anonymous. And with small amounts the transaction fee would probally eat the remainder. As mintxfee 0.0001 (BTC) https://en.bitcoin.it/wiki/Transaction_fees Also as a note If your using an older Bitcoin client it has a higher default transaction fee than the new ones So its possible it used 1 MBTC as the fee. https://bitcointalk.org/index.php?topic=219504.0From 0.8.2 onwards fee dropped from 0.0005 to 0.0001 I downloaded the latest copies of Multibit and Electrum, and am using them to receive. But in this case I sent from Blockchain.info, and perhaps they have a minimum fee of 1 mBTC. Thanks for your reply. |
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All transactions and balances are public knowledge; that's how the blockchain works. You can use a mixing service or send money to a dicesite or something then back to a new address if you don't want people to know how much you have, but you're never going to be able to truly hide your balances or transactions.
Thanks hilariousandco! Now the final piece of the puzzle, the last question unanswered: I am left with 0.6 mBTC (in my Blockchain.info wallet) + 0.4 mBTC (in my online wallet) = 1.0 mBTC out of a initial sum of 2.0 mBTC, so half my money was taken by the miners in just one micro transaction?"If it's because of Blockchain.info's fees, I understand, though I thought the only fees when transmitting bitcoins were the 0.0001 BTC minimum recommended transaction fees (or sometimes 0.0002 if use an online wallet like Multibit). Is it possible Blockchain.info is adding something on top of these fees? (if so, they sure don't advertise it much to new customers like me). TonyT |
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Consider it an expense like advertising! Why not TXID: ab26e27cac9252a676d1665de2cb49196399fdb40d534bb6f28f9a2adf104815 We are working hard on our marketing Mr. Bikini, can you send me another hit? Please because this is what happened: https://bitcointalk.org/index.php?topic=840432 (I lost half my money in miners fees! So I cannot even send you anything, there's not enough left in my Blockchain online wallet) This time, please send me 0.0020 BTC to this bitcoin address (another online wallet): 13VE1z9qejX4dkjkCZEV4PdjEj7FkCt8BEThank you very much and sorry for the bother! If I like Bikinidice I will say so here and when I get some bigger BTC I will gamble some of it there! TonyT |
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Ok that makes sense, thank you. Can you tell me whether it's possible to combine tiny BTC amounts in your wallet and spend them? Say you have ten 0.00010 BTC amounts, can you make them into one 0.0010 BTC? Also you did not answer this part, do you care to? "How does the entire world know that I received 2.0 mBTC, sent 0.4 mBTC, and am only left (of the original 2.0 mBTC) with only 0.6 mBTC? Is that supposed to be public knowledge? And, as before, why are such big amounts taken from my initial sum, just for sending small micropayments?
I am left with 0.6 mBTC (in my Blockchain.info wallet) + 0.4 mBTC (in my online wallet) = 1.0 mBTC out of a initial sum of 2.0 mBTC, so half my money was taken by the miners in just one micro transaction?" |
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I don't think bitcoin is dying out. Adoption is growing and you can spend bitcoins a lot more places now. I think one of the issues is merchants dumping their bitcoin for fiat. Increasing number of merchants equals more selling off of bitcoins as people spend them.
Adoption rate is slowing down. There was an explosion of new users in 2013. The same cannot be said for 2014. Even people who were in BTC before are leaving now, which is indicative of a stagnant market. Merchants don't factor into the equation, with the exception of darknets and illegal marketplaces. I agree with Mr. Big. I'm a BTC newbie, and I see that: (1) BTC is not truly anonymous, even if you run a heavy wallet (2) it took 44 hours for me to install the heavy wallet Armory, that's too long (3) I switched to the light wallet Multibit, and an online wallet at blocckchain.info, but I found out you cannot do 'microtransactions' easily in bitcoin. I though you could send less than a dollar (USD) easily but you cannot, in fact with one transaction you lose half your principle (1 mBTC), see this post: https://bitcointalk.org/index.php?topic=840432 Long story short: BTC is not really anonymous; switching to a light wallet like Multibit is even less anonymous, and BTC has too many transaction fees for microtransactions. I hear they are proposing to raise even higher the minimum transaction fee from 0.10 mBTC, which will further hinder doing microtransactions. TonyT |
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It took me 23 hours to add fully functional bt-core on my MAC. Downloaded bootstrap.dat and synchronised with network. Macbook is new, but process was so slow.
It took me 44 hours to install Armory. I switched to an online wallet Multibit, but it's not 100% anonymous or even as anonymous as Armory. I hate to say it but BTC is doomed unless they change their business model. |
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I am using BlockChain.info as my online wallet. I received 20 mBTC from somebody (that's 0.00020 BTC), and it went to my Bitcoin wallet residing in Blockchain.info Here is that transaction: https://blockchain.info/tx/ab26e27cac9252a676d1665de2cb49196399fdb40d534bb6f28f9a2adf104815What I don't understand is, in bold: (1) why did it take so much money to transfer this tiny amount of 0.0020 = 2.0 mBTC, and why the amounts do not add up specifically: Inputs and Outputs Total Input 0.00239289 BTC 82 cents Total Output 0.00229289 BTC 78 cents Fees 0.0001 BTC about 4 cents Estimated BTC Transacted 0.002 BTC <-- but I only got 68 cents, why was 10 cents taken? By the miners? But I thought this was the "Fee" of 0.0001 BTC?(2) Next, I decided to send some of this money to another online wallet that I have. The address is here: 12sa4kdJGjBU3amUn3GsLYmMYq1Nd6G5Xy Here is the record of that transaction: https://blockchain.info/address/12sa4kdJGjBU3amUn3GsLYmMYq1Nd6G5Xywhat is strange is: I sent 0.4 mBTC (0.00040), and I got it almost instantly, but Blockchain.info shows it cost 0.0014 BTC ! Why do much money taken for the transaction?(3) Further, as a privacy violation, the entire world seems to be seeing my balance in my wallet: https://blockchain.info/tx/2282f8922119c3d6900450695af0926dfeaba4e3818ebf93d5c60ac15e9183f5 (0.0006 BTC left) How does the entire world know that I received 2.0 mBTC, sent 0.4 mBTC, and am only left (of the original 2.0 mBTC) with only 0.6 mBTC? Is that supposed to be public knowledge? And, as before, why are such big amounts taken from my initial sum, just for sending small micropayments? I am left with 0.6 mBTC (in my Blockchain.info wallet) + 0.4 mBTC (in my online wallet) = 1.0 mBTC out of a initial sum of 2.0 mBTC, so half my money was taken by the miners in just one micro transaction? Until I get answers to this question I will be very afraid of using BTC. |
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"It doesn't matter", to who ?
What if, in the above example, 0.0000001 were stolen and 50,000 btc were legit ? Would the whole balance be deemed illegitimate ?
A law is only a law if it is enforceable, after all.
Yes, the whole amount is illegitimate, Google: 'commingling of assets'. But I am not a lawyer. Here is one link relating to bankruptcy, not criminal law: http://en.wikipedia.org/wiki/Commingling |
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