this is a public request for bitcoincharts.com to make a bitcoin index based on the calculation of USDX but for bitcoin world
There are aggregates for USD, EUR and CNY markets shown at: - http://bitcoin-analytics.comAnd BitcoinCharts provides an API with access to all the data. |
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I understand that many merchants price their goods in USD that is converted to a BTC price in real-time, so the Bitcoin CPI may resemble the USD CPI for a while yet. But I do see some utility for it, because some goods are priced in BTC directly and others may be based off other currencies. What do you think?
That would be neat to see. The effort to collect and report that data is not trivial, and there are yet hardly any well known merchants who list prices in bitcoins. So you are probably a couple years early. The Billion Prices Project has dropped everything but their USD index, otherwise that would have been one place where something like this might have first emerged. - http://bpp.mit.edu/usa/ |
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I am having an issue with my block chain wallet.
There is 4x the balance in it than what it should have.
Are you referring to a problem in Blockchain.info/wallet? In the Account Details page, there is a button under "integrity check" to "run check". You might want to give that a try. |
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Even without switching over tomorrow, the eventuality of Bitcoin becoming a dominant world currency presents the challenge to all nations to get a larger piece of the pie before other countries catch on and get priced out of existence.
That really is less a factor than it would seem. Here''s an example: Why we need Bitcoins for international transactions - http://bitcointalk.org/index.php?topic=98988.0In that example, no matter which currency (either USD or JPY) you were holding a certain percent got siphoned off to the banks. The casino doesn't care if it is Susie or Bob who wins at the table, the house gets their money either way. Having to go through banks is the same thing. So with bitcoin simply being a financial system that can be used at a cost that is at least an order of magnitude less than the existing ones is what will allow value to be retained rather than it being transferred to the money changers. |
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whats the best/cheapest way?
BTC-E allows you to withdraw funds as Liberty Reserve, for a fee. AurumXChange allows you to convert USD funds from exchanges (redeemable codes) into LR. Because LR funds get traded quickly these methods aren't always fast. There's also wm-center, and others. A comprehensive list of cash-out methods: - http://en.bitcoin.it/wiki/Selling_bitcoins |
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not only full payment is required (100% isn't a deposit imo) but they require it in a non reversible payment method. only a few of us seem to think this is suss  If they have those funds escrowed, so that if they can't deliver working hardware that is as described in the time promised, then they have the funds to return to customers and that wouldn't be much of a problem. The widely held presumption though is that they are using these funds to finance the R&D and fab and manufacturing costs, and thus your deposits become capital at risk without you knowing and that not being your intent or something you were willing to partake in. That being said, if they do actually deliver anywhere near the performance levels they say they will and ship anytime near the target date they've shared, then not a single person will likely have anything bad to say about any of it. |
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The concept is called "coin control" and my understanding is that it is being worked on.
bitcoind has this feature in the sendfrom call. If you want to send from a specific address rather than an account, you can combine it with setaccount. The coin control capability is not yet in a released version of the Bitcoin.org client. You'ld need to build it from source. There are other clients that have this and this is also available from the Blockchain.info/wallet hybrid EWallet. - http://www.Blockchain.info/wallet |
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Math...I hate that shit -__-
But when someone says they earn $30K, you probably aren't needing math. When someone says they paid thirty-seven cents, you probably aren't doing math. BTCs versus mBTCs will be the same thing. You'll know what an mBTC is worth and intuitively will know the value when expressed in terms of mBTCs. Right now, an mBTC is worth about a penny. - http://en.bitcoin.it/wiki/Units |
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What is the most user friendly bitcoin client at the moment?
Paytunia's hosted (shared) EWallet and mobile companion app make a great combination that is easy to use. Of course, that's not a client. BitcoinSpinner for Android is a mobile client and thus the key is kept on the mobile and not on someone else's server. Links to these and more: - http://en.bitcoin.it/wiki/Mobile_Payment_Apps |
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the overall sheer volume of the cash deposits forced Barclays to finally charge a fee for each of these cash deposits. Mt. Gox has been accepting cash deposits at Barclays? Who knew? |
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Usually CampBx Asks trails MtGox (i.e. if MtGox price is $10, CamBx is $9.  but I am observing the opposite since last few days. Mt. Gox has been improving their speed for withdrawals, particularly USD withdrawals. Dwolla is still a week or so, but down from the two to three weeks. When international bank wire withdrawals took days to weeks to be sent, not as many people were willing to sell on Mt. Gox. That has given sellers, particularly those whose intention is to sell at whatever is the current market price, the motivation to return to selling on Mt. Gox's BTC/USD market. The flow of fiat funds still isn't fast enough to let the arbitrage tools run on autopilot so that's why there can be relatively large gaps between the exchange rate on one market versus the rate on another. |
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Can you refill the coin's wallet after you use it up?
The physical coins like Casascius are essentially destroyed when you peel the hologram to get at the private key. You can add funds to the coin, as often as you want, but as soon as you want to spend from it, then that's pretty much the end of the coin. The benefit of physical BTC (e.g., paper wallet) is that it is secure. No malware is going to get at the private key from a piece of paper you printed from a secure computer and is now stored in a fire-proof safe. But once you want to spend from that paper wallet, you've imported the private key or redeemed it online, therefore that wallet can no longer be considered secure. When higher security is needed, you don't use a paper wallet, you use a secure computer that has an air gap from the network, and create the spend transactions which are then manually transferred to a networked connection and broadcast to the network. Now that there are decent mobile alternatives (e.g., BitcoinSpinner for Android) there's less demand for physical bitcoins to serve as the method those with a Windows computer would want to use to ensure their system problems from their PC won't become financial problems for their bitcoin wallet. |
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I wonder how that person offering the service actually does the transfer. I don't see any account-to-account transfer method. It only shows:
Oh, I see -- customer-to-customer transfer. That must be through Intrade's help / customer service, like via phone or through e-mail. Once I receive the bitcoins and the funds are available, a request is made to Intrade for a customer-to-customer transfer.
When Intrade processes the customer-to-customer transfer the process is complete.
Transaction Time
Most transactions are completed within 24-48 hours on weekdays. Some transactions could take 3-5 days to be completed. - http://bb.intrade.com/intradeForum/posts/list/15/493825.pageThere's even someone doing this via PayPal: - http://bb.intrade.com/intradeForum/posts/list/492957.page(Once again, PayPal is fine with violations of their Acceptable Use policy, ... unless it is Bitcoin related. Then it is FREEZE!) |
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I've got a political theory I've developed over the past month or so, that I intend to lay out in detail here. But not until I've placed my bets.
Intriguing. I wonder how that person offering the service actually does the transfer. I don't see any account-to-account transfer method. It only shows: Deposit:
* Credit or Debit Card
* Check
* Bank Wire
Unfortunately we are not able to accept deposits using PayPal, NETeller, Moneybookers or any of the other major eWallet services. This is because of restrictions contained in their terms of service. We also cannot accept eChecks, BitCoins or Western Union transfers.
Withdraw:
* Check
* Bank Wire
Unfortunately we are not able to send you funds using PayPal, NETeller, Moneybookers or any of the other major eWallet services. This is because of the restrictions contained in their terms of service. We are also not permitted by the credit card companies to send funds back to your credit or debit card.
But they have no problem with this person offering this transfer service (up to $100 limit though): This is not some Intrade endorses and we won't guarantee any transactions made between customers outside of the Intrade environment.
But this does offer an option to Intrade members and we'll leave it up to individuals to decide for themselves whether or not this is something they'd like to do.
Only small transactions will be processed by Intrade however - a maximum of $100. And, of course, we have the right to say no to any transfer. - http://bb.intrade.com/intradeForum/posts/list/15/493825.page |
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When you generate an address, how long is it valid for?
I notice it disappears after it's used, but can it still be funded?
The instructions still are very clear "Deposit: Please note that each address created can only be used to receive coins once.". So it is valid until a deposit is made. But then no longer. A fork for another exchange doesn't have this restriction: - http://bitcointalk.org/index.php?topic=96917.msg1068187#msg1068187 |
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It is still under my open orders and my BTC balance still 0 and namecoins is the little bit of change i have left after making the sell order
Hmm ... should the order have executed? The exchange rate has dropped so if you are selling it will probably be at a price too high to execute. You can cancel and place a new order at any time. You can sell for a little below the best bid to ensure all your namecoins sell. The order matching will ensure you are getting the best prices from existing open buy orders. |
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BitcoinNotify watched the blockchain and sent notification when payments arrived. BitcoinReminder will send SMS text messages when the exchange rate moves. Apples. Oranges, No? |
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My question should really be is a dummie on windows safe with bitcoin? Even a system pretty that is pretty badly compromised is probably still going to be safe for you to use if you are using a hosted (shared) EWallet service where a one-time password (OTP) like Google Authenticator (on your mobile) is required. But overall, it is really a matter of giving attention to security relative to the risk. If you carry $200 in your back pocket in a bar, you probably will be fine with $200 worth of bitcoins on your Bitcoin.org client on a Windows Vista or Win 7 box presuming you run updates, have some decent anti-virus installed, are sane when installing software, and know how to copy your wallet.dat to a thumb drive for backup. Now if $200 worth is a lot for you, or you want to store $1K or more you might not want to trust that configuration. An offline system (with an air gap to the network) booted from a LiveOS distribution is among the most secure methods for using bitcoin -- but that security comes with the tradeoff in convenience. |
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