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I don't think bitcoin will qualify as a "distributed computing network".
No work is distributed between bitcoin clients.
Each client works individually on its own block, its not a shared effort on the same job.
Pooled mining servers like deepbit is a distributed computing network.
Because the pool tells all nodes to work on the same block.
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Oh lol I thought it was the other way around.
So really spendbitcoins is losing money then, if enough people did it they would go out of business, unless BTC value was going up to make up the difference.
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Why would someone buy bitcoins and then buy amazon gift card with them if it means losing money?
Selling amazon gift cards even at a markup its probably still a good idea, for those who already have bitcoins and looking to spend them.
You can program your site to instantly sell your BTC on mtgox if you don't want to hold them.
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Well I would use 3D secure so it would not be possible to chargeback.
I started using 3D secure on my sites 5 years ago and never got a single chargeback since, and I have accepted tons of dodgy looking orders.
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Is anyone interested in a service where you can buy BTC instantly with a credit card?
I have been thinking of making one, since buying BTC seems to be a little more difficult then it should be.
The fee would be 10-15%.
Reply here to let me know if anyone is interested.
I don't want to spend time on it if nobody wants it.
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I withdraw some money from MtGox to dwolla and I got a call from dwolla.
They asked me for my name and address, they didn't ask for ID.
This was strange because I was only receiving money not sending it, so there is no risk of chargebacks to them.
How old is your account? Almost 3 months. |
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I withdraw some money from MtGox to dwolla and I got a call from dwolla.
They asked me for my name and address, they didn't ask for ID.
This was strange because I was only receiving money not sending it, so there is no risk of chargebacks to them.
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Port 9999 is open on mybitcoin's server 83.149.112.133
So its not down, or hung, nor is it a httpd crash (that would give a closed port), someone purposely put up a firewall to block all the other ports.
If anyone who has lost a money in it the only hope you have of getting it back is to quickly get a court order in Netherlands for the hosting provider leaseweb to freeze the contents of his server and hopefully the BTC can be recovered.
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Yes, just let me know exactly what kind of API you need, and we'll make it happen  The problem I have with your merchant system is that your site is extremely slow processing bitcoin deposits. Often it is 1 hour or more, and mybitcoin did it in a few seconds. Yes I realize the risk in this, but the services I sell are time sensitive, I cannot hold it for an hour to see if the customer pays or not. It would be great your API could instantly tell me when a payment is received (even if I have to wait for it to be confirmed in block chain before I can spend it). |
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I had this problem earlier selling 5BTC.
Actually I found the problem.
If I sell for 0.00000001 less then the amount of BTC in my account it works.
If I add a sell order for all of my BTC it duplicates it with one saying "active" and the other saying "insufficient funds", but neither actually works.
This is probably some rounding error at MtGox.
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Mt Gox is ignoring some open orders. I have had this problem several times today. I keep having to delete and readd them to get it to work. This image explains it http://i52.tinypic.com/9zrhph.jpgHopefully someone from mtgox sees this. Anyone else having this problem? |
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To the person who just paid 1.80xxxxxxBTC.
The mybitcoin API processed your payment with this notice "ORPHAN PAYMENT FROM SCI - CUSTOMER UNDERPAID"
You send the wrong amount of BTC, and the SCI did not send the normal tracking number, so I don't know who send it, or even an address to refund it.
Please PM me with the exact amount of BTC (full 8 digit decimal) and the email address you used to signup.
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I already reported the spammer to his hosting provider. abuse@savvis.netForward the spams there, they will shut him down after a few complaints. |
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Im just pointing out that MtGox actually make 1.30% of each trade not 0.65%.
They charge 0.65% to the buyer and the seller for each trade, total 1.30%.
They are making millions of $ a year.
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I just received this email from mtgox. Dear Mt.Gox user, Our database has been compromised, including your email. We are working on a quick resolution and to begin with, your password has been disabled as a security measure (and you will need to reset it to login again on Mt.Gox). If you were using the same password on Mt.Gox and other places (email, etc), you should change this password as soon as possible. For more details, please see this: https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollbackThe informations there will be updated as our investigation progresses. Please accept our apologies for the troubles caused, and be certain we will do everything we can to keep the funds entrusted with us as secure as possible. The leaked data includes the following: - Account number - Account login - Email address - Encrypted password While the password is encrypted, it is possible to bruteforce most passwords with time, and it is likely bad people are working on this right now. Any unauthorized access done to any account you own (email, mtgox, etc) should be reported to the appropriate authorities in your country. Thanks, The Mt.Gox team |
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if you're gonna roll the prices back why not just and put all your money back in a fake government backed money bank. if you're too fucking stupid to set a long enough password to prevent it being stolen you deserve to have it all stolen. Regulating the market is NOT in the spirit of bitcoin.
They aren't rolling back to get the money back for the person who got their coins stolen. Its because the market was crashed because of it. |
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Likely person with 432k BTC sent 32.11BTC to someone, and the change is sent to the other address. |
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MtGox needs to implement a daily trading limit to prevent this happening again. One account should not be able to crash the market, hacked or otherwise. OTOH, im writing a bot to buy at 0.01 and withdraw immediately |
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You can now upgrade and renew your account with bitcoin via our automated control panel.
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The coding for renewal/upgrade by bitcoin is not yet completed.
It will be done by the time your account is due to renew, so you will be able to renew it by bitcoin.
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