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There is a balance of bitcoins associated with an address in your wallet. Everyone in the network knows it. It doesn't matter if your wallet is online. Everyone knows that your address has "x" bitcoins in it.
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Just eliminate day trading. Let FOREX do that. Only allow brokers to use exchanges like mtgox. QED.
Without "day trading" you don't have price discovery. And you end up with 20% differences in price on various exchanges. (And a great arb opportunity but that's another story.) If you want stability, you need fast movers. |
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The btc I deposited finally showed up in my wallet after ~20 confirmations. Still waiting to see the withdrawal tx show up on blockchain.info.
Too bad the price dropped $20 in the time it took to make the deposit.
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You could set up a Dwolla account. Transfer cash from Mt. Gox to Dwolla, then from Dwolla to your bank. It will take a few days to set up Dwolla, but it's worth it. Flat 25 cent fee to transfer any amount of cash.
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Curious to hear of anyone'n experience with transferring USD into bitstamp.net using an international wire transfer.
Did your bank charge a fee in addition to the 0.1% ($15 min) that bitstamp charges?
Was it a hassle? Did you have to go to the bank to do it?
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Maybe cancel the USD withdrawals, convert all cash to BTC, withdraw the BTC, and find another exchange to sell them on.
Then walk away from the incompetence at Mt Gox.
Or maybe you can cancel the withdrawals, then change your bank info at Mt Gox so it is *identical* to your bank's records. Withdraw, then ditch Mt Gox.
The key is to ditch Mt Gox.
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Mine either. I've seen other threads about people waiting for hours to get coins out, and for 40+ confirmations to get coins in.
The sooner Mt Gox dies the better. I really like bitstamp but it is difficult to get USD into it. I wish they'd support Dwolla.
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I don't see any way to get the tx id from Gox if you didn't copy it to begin with.
You can go to Account History and see the address you're withdrawing to. Then search for that address on blockchain.info.
When the tx finally starts propogating, you will see it in the list of tx's associated with that address.
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They only used an int for the nonce?
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Same problem here for a 1 BTC withdrawal for which I paid the transfer fee (0.0005 btc).
They gave me a Tx ID, but it does not appear at blockchain.info
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Timestamp on 230939 predates that of 230938. The "Received Time" is later though.
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Hopefully this is the new server installation outage.
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Down for two days...anyone know what's going on?
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I am assuming the additional miniscule input(s) does not change the transaction fee. There is an incentive for miners to accept them since it relieves UTXO pressure.
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It seems an easy way to handle all the satoshi sized UTXO is simply for the wallet software to lump them in with a transaction along with, say, 0.01 BTC extra, with the 0.01000001 change appearing as an output transaction back to the originator.
Now the satoshi is lumped in with a reasonable sized transaction that is easily spent.
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Clarification: There's all this fuss about "unspent transactions" UTXO. Do not understand significance.
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Why aren't all bitcoins "unspent"? You spend it when you send to someone. They receive it and it's now "unspent".
Does every fraction of a bitcoin contain some reference to it's original whole parent? Over time, won't they all just be ground down into dust?
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What site do you use that shows the depth chart?
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