how are we supposed to buy and sell? Orders can be placed on the #bitcoin-otc marketplace: - http://bitcoin-otc.com |
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Uhhh, Only if we get it back in BTC credit when 50 is reached.  This is the thinking that led to witcoin: - http://www.witcoin.com Pay to post, but each time there is a reply or upvote, you earn back what you paid. Anything over you keep as profit. |
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How about they just take Bitcoin donations to unlock full membership..... Yeah that'll work!
You've just described witcoin http://www.witcoin.com |
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Would an end user not prefer to have a permanent address to which they can send BTC to their exchange account? Ah ha! Simply appears to be a design issue. By expiring addresses after a certain amount of time those expired addresses no longer clog up the list that is used to determine which account the funds received should go to. This is an easily solved problem so perhaps the exchange will at some point allow addresses to be static and available for re-use. - http://forum.bitcoin.org/index.php?topic=15157.msg205605#msg205605 |
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Because I don't know what on earth went wrong, ok? If I request a withdrawal to me, and 3 hrs later I still see nothing on my screen, how can I be sure that if I do exactly the same thing to my buyer, he WILL get the bitcoins within a reasonable amount if time! When you withdraw from Mt. Gox, the transaction will be announced to the network and after some time it will show up in a block. To see if a transaction has been processed by a block look at BlockExplorer: - http://www.blockexplorer.comThe delay between when you send bitcoins (e.g,. withdraw from Mt. Gox) to when that transaction appears in BlockExplorer can range from just seconds to many minutes -- unless the transaction is deemd "low priority" and then it could take hours even. Before the transaction is included in a block it will likely have been seen by Bitcoin Charts which publishes a list of Unconfirmed Transactions (unconfirmed, as in it has not yet been included in a block): - http://bitcoincharts.com/bitcoinIn most instances, when the payment appears in either of those site view the recipient should be able to feel comfortable that payment has been sent and is truly enroute. |
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Stephen I like what you wrote. One thing that confuses me is ..ok my money is at mtgox I've put my buy order in and lets say it gets filled then how is the Bitcoins sent to me and from who? The bitcoins you buy are added to your bitcoin balance in your exchange account. If you wish to withdraw those bitcoins to your local wallet or to send them anywhere else, use the link for Withdraw: - http://mtgox.com/users/withdraw |
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Here's copypasta from my dwolla account:
Sent To: Mutum Sigillum LLC
Sent On: 6/10/2011 3:03:10 PM
Expected Clearing Date: 6/16/2011 by 5PM CST
Even ignoring the weekend, this is 3 days. I'm calling Dwolla. Three business days. Dwolla certainly doesn't have your funds yet. |
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I added Tradehill more than an hour ago. The exchange now treats LR USD as a separate currency. Could you add an entry for that to your site? |
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is it becauseof US legislation? The exchange is based out of Japan. Businesses there too have anti-money laundering restrictions in which this Know Your Customer requirement applies. |
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i got that error during the price drop today when i tried to sell some of the btcs. The trade never got registered - several times. Anyone else having the same issue? was mtgox shut down bc of traffic?
This is a problem acknowledged by the operator of the exchange. It happens when there are too many attempts to enter orders. If Mt. Gox is at capacity and unable to accommodate the heavy trading maybe the entrance of TradeHill is where those finding the errors will start to head. Mt. Gox has been working on new software and perhaps when that is in place the situation will improve as well. |
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I'm glad it's the currency of the future for I love waiting inordinate amounts of time for blocks to sync and for transactions to be verified!!! Getting started using the bitcoin client does take some time. Perhaps an eWallet such as MyBitcoin.com would be a little more convenient for you? |
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Good try DonnyCMU. Ignore this scammer.
What the hell??? I'm initiating the payment, and Mt.Gox transfer can't be reversed (... right?) I too wondering why you don't just buy bitcoins using those Mt. Gox USD and send the bitcoins yourself. It'll cost you less than 5%. |
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Anything would be better than Mt. Gox right now which says it will take nearly a WEEK to take the dollars I sent it via Dwolla. I think you might have misunderstood something. Dwolla is a cash service. Getting cash into dwolla is what takes a long time. From there, sending the cash already sitting in your Dwolla to either Mt. Gox or TradeHill is fairly quick. Technically, it happens instantly -- Dwolla's debits your Dwolla account for the amount you sent and then credits the Dwolla account to whom you sent funds. Now, the method that the exchange uses to then credit your account at the exchange with the funds received will vary per exchange. Mt. Gox processes Dwolla transactions manually and sporadically [Update: see MagicalTux's response, below]. Because that exchange is likely in a different time zone than you, their daytime schedule is likely different from yours. As the result, instead of that batch being processed in minutes, it can take hours, or a dozen hours maybe [Update: an hour] before it is processed. TradeHill, based out of Chile, might have an automated method so it is processed instantaneously or a manual process that runs more frequently or has operating hours that are in the same time zone as you. If you have sent funds from Dwolla to the exchange and it has taken more than one business day for those funds to become credited to your account on that exchange, then that's not normal. |
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Re. my experience: I work in IT as an entrepreneur and mostly have experience with LAMP servers, PHP, MySQL, Wordpress, shell scripting and some ajax/js coding. Wordpress? Have you built any wordpress sites using WP e-Commerce? There is a growing need for people who can provide assistance to Wordpress users who wish to add Bitcoin as a payment option to their ecommerce site. Here's a gateway http://en.bitcoin.it/wiki/Bitcoin-wp-e-commerce |
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is there any way to make it so a chargeback isnt possible. like transferring from one pp to another. or making a new bank account then getting your money out right away? PayPal has protections against these tactics. As soon as you receive a more than a normal amount of activity, PayPal might impose a rolling reserve. When they do so a certain percent (e.g., 5%) of what you receive gets held for a long period of time. The delay after transferring funds to your bank is 3 days or more after you've made the transfer. So usually if a chargeback occurs, it will happen before your bank has the funds. And even if you did get to withdraw those funds, PayPal can initiate an ACH pull to claw back previously sent funds so kiss away the ability to use that bank account without PayPal getting theirs. So, to summarize. no, there is no way to make PayPal more like Bitcoin with regards to irrrevocable payments. |
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I've been doing a few transfers lately and none of them show up after 6. The last one I did wasn't in until 9 confirmations had shown up. One before I think might have taken 11. When testing was performed so as to have the correct measure for the Wiki page, there were inconsistent results between six and seven. Blocks are being generated quite quickly at the moment, due to a lot of additional capacity having come online since the last difficulty adjustment. It's entirely possible that the exchange also has imposed a minimum wait for based on a time clock (e.g., 1 hour) as well. If not, perhaps the exchange is having trouble handling the volume in a timely manner. - http://bitcoincharts.com/charts/mtgoxUSD#rg180zigDailyzvzcvzm1g10zm2g25 |
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