Similar problem here. Different error though "Unable To find all tx inputs". 3 of the 4 tx inputs are good, one is not.

My withdrawal is stuck too. There's another discussion about the problem here.

See if you can find your transaction id in the list here: https://data.mtgox.com/api/0/bitcoin_tx.php

There are two fields to each transaction, "hash" and "tx". You can copy/paste the "tx" field, which is the raw transaction in base64, convert it to hex, and then use https://blockchain.info/pushtx to re-submit the transaction. From there you can get additional information on the problem.

On the other thread, one of the inputs to his withdrawal was already spent ("An outpoint is already spent", double-spend). In my case, I got "Unable To find all tx inputs" (3 of the 4 tx inputs were good, but one was not).

The good news is that it looks like the XPR price might be starting to decorrelate (unlike the March-June time period when the XRP increase was basically just riding BTC's coat-tail). BTC has gone up lately, but XRP has decreased.

What ente said above about it being hard to know anything from 3+ hops, is good advice. The 1933... 111,111 BTC address could also be a cold storage address for MtGox (look back a few pages in this thread, I was probably the last person to be convinced that 1DKy was actually an SR address rather than an MtGox address). Some cluster evidence and better comparisons would need to be made (how about comparing 1933.. to 1Dky.. versus the MtGox green address 1LNW..? Which path is shorter?) You know what about say about assumptions.

Its not just bitcoin, but the entire p2p economy, as the most important driver of techno-social progress in the modern age. Check out the p2p foundation blog.

There are two ways to buy through bistamp. The first is on Buy/Sell -> Ripple, where you buy at the price bitstamp manually sets. Its more expensive than the market price, you should only buy the minimum ($2 or $3 USD) to fund the reserve for a new ripple wallet, if you don't already have XRP from a giveaway. With the reserve XRP met (~100 XRP), your ripple wallet can grant a trust line (either BTC or USD, each currency is a separate trust line). With a trust line to bitstamp's issuer address (rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B), you can withdraw on bitstamp.net Withdrawal -> Ripple. Choose the same currency of your trust line (BTC and USD have the most liquidity) and paste in your Ripple address (click "Receive" in your ripple wallet).

The market price for XRP is different on each order book. Each gateway (aka issuer) has separate order books on ripple, one per currency. Generally the best price will be for the gateway with the most liquidity, so usually on ripple USD.bitstamp and BTC.bitstamp order books (USD.snapswap is usually more expensive).

You can see a chart of the bitstamp order books on xrp.webr3.org, USD/XRP and BTC/XRP

Right, just click through, following the biggest transactions. It was only about 10-20 hops iirc.

The Bitstamp policy change was announced in a fairly low-key manner. They posted on their thread here in bitcointalk, in a thread on reddit, and in the "news" section on their site. But there was no mass e-mail and no multi-page/site-wide pop-up notice that a majority of users would see. A sly move on their part. That their volume is over-taking MtGox just goes to show where the industry is heading in terms of compliance, or depending on how you look at it, the lack of true options available for real-money bitcoin exchanges (the new dwolla policy only emphasizes that).

Exchanges have always been the sore point in the bitcoin ecosystem, and anything which provides incentives for new ones or helps existing ones work around the legacy banking system will be a great boon for bitcoin. I'm talking about ripple of course.

That's just one of many people sending small amounts to the seized address, with a message encoded. Its like blockchain graffiti intended for the FBI to read.

Blockchain.info decodes the messages and shows them as a "Public Note:". You see them all when you view the seized address:

https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

Thanks for the charts. Always good to have more indicators..

I find this whitepaper to be far too abstract. Can you describe some real-world examples (or even imaginary-world examples) of how this would work?


This only links "hop" to real-world data. Fine, prices on "hop" are reflective of real-world prices. But...


Hopdollars and Hopbits sound more like units which have the price of USD and price of bitcoin written on them. Having the price written on it is not what gives it value. What will give them value is the ability to exchange these units for "real" USD, or actual BTC. How will someone exchange hopbits for bitcoins and hopdollars for dollars? Otherwise you would just have a decentralized ledger where people are trading hopbits for hopdollars (but never actual BTC or redeemable USD).

The IOU system in ripple is very much a dramatic change. It decentralizes IOUs in the same way that bitcoin decentralizes BTC. Do you know the total amount deposited at any given bank and the account numbers holding those bank deposits? On ripple you know, because its public knowledge in the ledger. You know the total capitalization of any particular gateway and you can see which ripple addresses hold how much of the IOUs from that gateway (eg current USD cap is $226k bitstamp IOUs and $81k snapswap IOUs). Just like everyone can see how many bitcoins are held at each bitcoin address, and add them all up to make sure they are less than 21 million. On ripple we can count the amount of XRP plus we can count the amount of exchange IOUs.

That makes ripple a threat to both the legacy banking system, and conventional bitcoin exchanges (which are just non-transparent interfaces to the legacy banking system).

Your analogy is fair as long we add that the stores are places where people can buy and sell bitcoins and everyone can see how many gift cards any particular store has in circulation.

On ripple, exchange IOUs are publicly tracked (gateway capitalization is public knowledge, its a negative balance right there in the ledger). Exchange IOUs are also transferable, so you don't need an account at the exchange to hold them, just a trust line on your ripple wallet. These two facts make ripple gateways more awesome than conventional bitcoin exchanges.

XRP has decentralized exchange, bitcoin does not (just a bunch of proposals). XRP has a sustainable giveaway scheme, bitcoin does not. XRP has a reputation, business model, and corporate backing more favorable to pointy-haired bosses, bitcoin does not.

It is a trade-off, of course, there are other aspects where bitcoin is better (first to market and established brand recognition, non-profit backing, algorithmic distribution, etc.). The point is that they are complementary and, in general, what's good for either is good for both.

A neco thread was resurrected because it had a post by altoid. So I noticed a BTC address posted by altoid in some php bitcoind code: 1LDNLreKJ6GawBHPgB5yfVLBERi8g3SbQS.

I followed that address to another one, 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a, currently sitting with 111,111 BTC in it.

Nice channel. But using mtgox price worries me.

Here's the bitstamp chart. Watch for the OBV to break above 450, and for the MACD to turn positive. That would confirm the bullish scenario IMO. (Accumulation/Distribution is not charted below, but it is going sky-high due to fund flows from mtgox to bitstamp. Acc/Dist on mtgox chart has flatlined).

Yup, that's exactly what I meant. XRP is much much better in a portfolio than exchange IOUs. Exchange IOUs are worth face value in the best-case scenario, so there is no upside risk. But there is much downside in holding IOUs of any particular gateway due to seizure, delays, regulation changes, etc..

The "bitcoin network" excluding exchanges? Then all you'd have is a blockchain of worthless digital blips (you know that localBitcoins exchangers rely on online exchanges, it is not an exclusive network).

It would be equivalent to a ripple ledger of nothing but XRP - there is no trust involved in holding XRPs. It is only if you want to hold gateway IOUs that you have to grant a trust line.



Right, users don't trust that MtGox can process USD withdrawals (aka redemption of USD IOUs). You can still initiate a withdrawal, but there's little trust that it will be processed any time soon. So it really is a trust thing, and it is not just semantics.

If that were true, then the price would be the same on both mtgox and bitstamp. But the price is different, because the value of those exchanges' IOUs are different, because there's a different level of trust in the ability to redeem those IOUs.

Clearly the value of bitcoin is dependent on where you exchange it. And exchanges issue IOUs, abide by regulations, and are priced based on degree of trust. A bitcoin not backed by trust and IOUs only exists in a world without bitcoin exchanges. That was the world in 2009 and first half of 2010, when the closest thing bitcoins had to a price was maybe 96,000 BTC for a pizza.

The pullback from 75 started before today, it was at 110-120 at least as early as yesterday. I'm guessing that the selling at 140-150 was somebody cashing out to get bitstamp USD to buy BTC at bitstamp prices (it was an anomaly, the market did not follow).

That is a a very good question about XRP being a safe hedge against BTC. LTC clearly is not. LTC/BTC even went down, so LTC price went down even further than BTC price. It seems to be 100% correlated, just more volatile (silver to the gold).

The big question is whether XRP is different enough from BTC that its price can de-correlate. It rose along with XRP in the early days, but it did seem to decorrelate by falling from July-August (while BTC was mostly rising). I'm betting that it will continue to de-correlate (and rise if/when BTC falls), acting as an excellent anti-correlated hedge when the BTC market gets wacky, and vise-versa that BTC ought to be a good hedge when XRP market is volatile (dollar to the gold).

XRP is the stand-out alternative for liquidity looking to move out of BTC but remain exposed for gains in the crypto-currency sector (obviously don't get that holding centralized exchange IOUs).

It is easy to distinguish virgin/unspent bitcoins from spent bitcoins. But you still don't know if or how many people actually have the private key for those unspent coins. Just like you don't really know if Casascius kept the private keys he printed on the holographic seals (you just have to trust that he didn't).