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Using Vv0.6.2 of the client it wouldn't even let me paste that address in the PayTo:
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I see a lot of people who have already converted to USDs but those funds are sitting at exchanges with the account owner frustrated at trying to find ways to get those funds out in a timely manner.
Would you consider exchanging USD redeemable codes (from Mt. Gox, for example) for MoneyPaks?
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I asked MtGox to send $250 to Dwolla on the 12. WTF dwolla?!
It isn't Dwolla ... an account-to-account (A2A) transfer is instant. Mt. Gox was showing 6 day delays recently before they can send your funds. You can request that they cancel the transfer if you prefer. |
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Heh, watch out Tim Worstall! This kid's gunning for your spot at Forbes!
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After 9/11, Alan Greenspan would lower interest rates dramatically and then have them raised a massive 17 times. Some have said that this created the economic bubble that leads to problems in the housing market. Did the rise in interest rates really create the housing bubble? |
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Doens't Bitcoin have the same thing right now?
Also, lets not forget that alot of people bought high when Bitcoin price was at its peak or above $10 and don't want to sell low.
They can just hoard it and wait till it gets high again some time around 2020.
I'm trying to suss why you see this as such a problem though. I don't know the numbers but let's say in the past month, 8 million of the 9 million BTCs issued didn't move, and were not used in any commerce. Only 1 million BTC were. But bitcoin being sent electronically with settlement within minutes (e.g., 1 or 2 confirmations) and divisible to a tiny fraction of a penny worth of money, that economy can function no different with 1 million BTC than with 9 million BTC, right? So what is the problem with people sitting on those 8 million BTC? I presume the real problem with this is that the exchange rate could easily plummet with the percent of hoarding being such a significant amount of all the currency issued. But I want to know if that's the reason you are seeing such a problem with the hoarding by some. |
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Every once in a while would you throw in a sneak peek (like maybe a post from the previous day or something) that gives a rough idea as to what a subscriber gets?
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What utility does Bitcoin have outside of being a medium of exchange? With PMs, they have utility as industrial goods.
Not $1,535 per ounce worth of utility it doesn't. If Bitcoin can maintain value due to utility outside of being a medium of exchange, then so could all the Bitcoin clones,
Bitcoin very well could have been that one and only one to sneak through the vulnerable startup phase without being attacked. There was plenty of computing power that could have messed with bitcoin but that never happened because it wasn't seen as a threat to anyone. This might be remedied for an alternative chain though where it is centralized but still rewards miners with new currency to attract hashing capacity and to circulate the initial coins, and then switch over to a true decentralized, proof of work method at a certain block. |
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Why spend today if I can spend the half of the ammount for the same thing tommorow?
Ok, so there will be some coins hoarded and others spent regardless if the value will go up or not. What's the problem then? |
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Why would the majority of the people that have bitcoins spend them if they know bitcoins are becoming scarce (wich equals to more value) while time passes?
The appreciating value of the currency is not the only factor used when choosing which method to use when making a payment. The cost savings from using Bitcoin more than offsets the cost to replenish the amount of bitcoins used for spending, thus protecting it from any deflationary spiral. Described further here: - http://bitcointalk.org/index.php?topic=80018.msg887005#msg887005 |
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Is it possible the "receiving wallet addresses"-process overwrites locally generated addresses that haven't been synced up to the server somehow?
The app needs to be online when generating a new address. If you receive an "error saving wallet" and the logout button turns red then the changes you have made maybe lost after restart. Currently new addresses are generated even when offline, however, to the typical person, this is dangerous:  As that possibly is what happened here: - http://bitcointalk.org/index.php?topic=81928.msg903245#msg903245Could instead a dialog box appear first warning that there is no connectivity requiring a confirm from the user in this situation? |
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i tired to withdraw $25 yesterday to my dwolla account. got an email that it will be processed shortly. now it's been a day and a half and i still don't see the $25 in my dwolla account Mt. Gox was showing 6 day delays recently. You can request that they cancel the transfer if you prefer. |
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Try sending a small amount (like .0001) to a different address, I vaguely recall reading that you can't send to an invalid address.
I was able to send a .01 coin bet to satoshi dice from my new client... still not able to send to my friends. 2 different people have given me addresses from their wallets and addresses from their mt gox account... they are using 0.6.2 and a blockchain.info wallet... this is weird. Still sounds like a problem with the address. Can you try pasting it into something else that will try to validate it? Such as the Bitcoin faucet? - http://FreeBitcoins.appspot.com - http://www.BitCrate.net |
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The one I did in fact send the transaction from was "1M9EVAxN1tNf9HsiRrRd7iEtpFYQGYWsT2" ,so how is it possible that 15BBSAsoZAzq5GAey4wunoM42sQHkjiGrQ appears instead? InstaWallet is a shared (hosted) E-wallet. The address they give you is for receiving payments, but the coin they use for withdrawals is from their wallet. And also, if I go on the block chain explorer, and search my unique transaction code, I can see that the money I sent appears as "not redeemed yet" (image: http://d.pr/i/qR3A ) What exactly does that mean? Not redeemed, meaning it hasn't yet been spent. Unfortunately, it sounds like it never will be either. |
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