Can people confirm whether my new "unverified" Mt Gox account opened yesterday is able to RECEIVE goxBTC from Bitcoinbuilder.com? I have submitted my scanned passport and utility bill to Mt Gox but I imagine it may stay an unverified status account for a while at the moment.

I'm about to go to sleep, but tomorrow as a matter of interest I would be keen to buy a goxBTC off someone by internal transfer if somebody has one to sell. In return I will provide part of a real BTC.

The trade would value the goxCoin at the current MtGox price, and the part of a real BTC I would provide in return would be valued at the BTCe price. So if the MtGox price is one third of the BTCe price, then I would provide one third of a real BTC in return for the one goxCoin.

Lack of escrow is an issue, so we could take turns making a sequence of small payments in each direction, with a very small first transaction each to ensure everything is running smoothly.

I could pay either:
* from my Cryptsy account to your Cryptsy account via their instant inter-account transfer. You can the cash out to the blockchain from Cryptsy.
* directly on the blockchain, and you can trust me that once each a transaction is showing on blockchain.info, it is known to all the big miners so the network won't allow a double-spend.

Not sure if there will be interest. If anybody can point out any notable security/trust risks between each of the two parties to such a trade, please do so. In particular, how much risk would there be to me that the sequence of small MtGox internal transfers could somehow appear to be confirmed on my MtGox account (I opened one today) but then be reversed later? And which of the two options poses least risk to a buyer: trusting unconfirmed transactions that are visible on blockchain.info (so presumably relayed by then to all the big miners), or trusting a visibly received instant inter-account transfer on Crypsty?

EDIT: Sorry I see now linked in a later post there is a proper thread for this, and the bid/ask conventions seems to be bid x% of a real BTC for each goxBTC.

You would not send fiat to MtGox, as it might take weeks to be credited and then, if they pay out, you might not get to buy cheaply anyway - all the risk for potentially no return. Instead, you would find someone with goxBTC who wants to exit, and buy their coins at the current gox price by inter account transfer. There must be willing sellers or the price would not be where is!

Llamamaster, it looks the price spiked there up to 0.00000070 whereas your order to sell was only at 0.00000100. So perhaps the price didn't spike high enough to fill your order? Have you tried this again since and do you have any experience with whether the apparent bizzarre Cryptsy price spikes on the charts reflect what is going on in terms of trades actually getting filled? Thanks.

Creating an offline Electrum wallet using a bootable USB Linux key

I'd never used Linux before so this took me a lot of effort to learn from scratch - hopefully this helps someone.

If it can get moved to the Electrum subforum (or if I can get permission to post there myself), that would be awesome.

1.   Download and install Linux Live USB creator
a.   Google “Linux Live” and click the official website (www.linuxliveusb.com)
b.   Click “Download LiLi”
c.   Install in Windows this Linux Live bootable USB creation software

2.   Download the latest version of Ubuntu
a.   Google “Ubuntu” and click the official website (www.ubuntu.com)
b.   Click the download link, and download “Ubuntu desktop”
c.   Download Ubuntu 13.10 (Saucy Salamander) (an ISO file)

3.   Create your bootable Ubuntu key
a.   Insert a blank USB stick
b.   In Windows, run the Linux Live USB creator software
i.   Select the blank USB stick
ii.   Select the ISO option and point it to the Ubuntu ISO file you downloaded earlier
iii.   Leave the persistence set to Live mode
iv.   Check “Format the key in FAT32”
v.   Click the lightning bolt to start creating the key

4.   Boot into Linux from the key on a computer connected to the internet (Ethernet is easiest)

5.   Install new software in Linux/Ubuntu
Note this replaces the non-working instructions on the Electrum website to type “sudo apt-get install python-qt4 python-pip” & “sudo apt-get install python-slowaes”
a.   Hit Control-Alt-T to enter the terminal window then enter
i.   cd ~
ii.   wget –P Downloads/ http://python-distribute.org/distribute_setup.py
iii.   sudo python Downloads/distribute_setup.py
iv.   sudo easy_install pip
v.   sudo easy_install slowaes

6.   Install Electrum using the exact command currently found on the official Electrum website
a.   Note this starts with “sudo pip install https://download.electrum.org/Electrum/Ele...” and ends with an md5 checksum.

7.   In Ubuntu disable the option that says “Enable networking” for extra security

8.   Shutdown and reboot the USB stick on a computer that has no access to the internet

9.   Run Electrum for the first time and create a new wallet, write down your seed with a pen and paper as backup.

10.   Be secure with the new wallet that contains the private key
a.   Export the Master Public Key onto a different USB stick (not the bootable one) and import it into the copy of Electrum you run on your online computer.
b.   Never again plug the bootable USB stick into any computer that can connect to the internet, nor leave it plugged into any computer at all except when booting from it.
c.   Google “Electrum offline signing” to learn how to create send transactions using the online computer then transfer them using a DIFFERENT USB stick for signing on the offline computer.