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3421  Other / Beginners & Help / Re: Why is Bitcoin wallet client peer sync so slow on: October 26, 2012, 10:14:47 PM
Future clients will have another system much much faster.

Not just "sometime in the future" but ... available today (if you are willing to use code stil undergoing development)

Ultraprune merged in mainline
 - http://bitcointalk.org/index.php?topic=119525.0


So, relief is coming.
3422  Economy / Service Discussion / Re: Coinbase Blog - Buy And Sell Bitcoin By Connecting Any U.S. Bank Account on: October 26, 2012, 09:44:18 PM
This is a bad idea. Coinbase is asking for your password when it want to access your bank account. Do not use!

There are two methods, the "instant" method requires that you provide username and password (and PIN, if needed) to your bank account.

The "deposit verification" method works the same way as  PayPal, Dwolla etc, all do ... they send a couple test deposits and you verify by telling them how much was in each deposit.

3423  Economy / Marketplace / Re: [ANN] CASH Deposits ONLY 2.99% to MtGox/Bitcoinica/CryptoXchange on: October 26, 2012, 07:07:26 PM
Still taking cash deposits to MtGox / Bitcoinica / CryptoXchange at ONLY 2.99% FEE!

Even though earlier this month was the blog post:

Cash deposits are BACK!
 - http://blog.aurumxchange.com/2012/10/cash-deposits-are-back.html

When I try to actually initiate a transfer (From: Cash deposit USA   To: MtGox USD) I get:

Quote
An exchange in this direction is currently not possible.

Whassup with that?
3424  Economy / Service Announcements / Re: [ANN]First online MPEx brokerage now in public beta on: October 26, 2012, 06:47:19 PM
Currently supported operations:

There doesn't currently appear to be any way to change my password when logged in.   Sometimes minimally viable product site builders will say that functionality exists through the "forgot my password" / reset capability but I don't see that capability either.

Also, there is no multi-factor authentication option for login.

Or more importantly, for there is no way to require multi-factor authentication for withdrawal:

A plea to exchanges ... lets do 2 factor right!
 - http://bitcointalk.org/index.php?topic=109424.0
3425  Bitcoin / Press / Re: 2012-10-26 Forbes.com - Generic Viagra Industry Is Pro-Choice In Payments on: October 26, 2012, 05:56:51 PM
Here's the thread for an online pharmacy (based out of India, call the Swiss Pharmacy) which accepts Bitcoin and ships most anywhere:

First international online pharmacy accepting Bitcoin!
 - http://bitcointalk.org/index.php?topic=83234.0

and their announcement that they accept Bitcoin:

Bitcoin introduced as a new payment option at The Swiss Pharmacy
 - http://theswisspharmacy.blogspot.com/2012/06/bitcoin-introduced-as-new-payment.html
3426  Bitcoin / Press / Re: NEW articles in Press Forum on: October 26, 2012, 05:54:21 PM
2012-10-26 Forbes.com - Generic Viagra Industry Is Pro-Choice In Payments

https://bitcointalk.org/index.php?topic=120714.0
3427  Bitcoin / Press / 2012-10-26 Forbes.com - Generic Viagra Industry Is Pro-Choice In Payments on: October 26, 2012, 05:52:36 PM
By Jon Matonis:

Quote
Payment intervention is defined as the use of the payment mechanism to detect or prevent certain transactions that are deemed to be politically incorrect or against a particular jurisdiction’s law. The latest target is online pharmaceuticals and their affiliates providing medications such as generic or unlicensed Viagra, Nexium, or Lipitor, all of which are illegal for Americans to have mailed into the United States.
[...]
Access to safe and affordable pharmaceuticals should be a natural right for all Americans and denying it would be unacceptable, unethical, and a threat to the public health. A strong case can be made that uninsured, low-income patients obtaining affordable medications is a morally legitimate activity. “Does legality establish morality?” asks economist Walter E. Williams, who answers, “Legality alone cannot be the talisman of moral people.”
[...]
In June 2011, Visa (and Mastercard similarly) made a series of changes to their operating regulations and explicitly classified pharmaceutical-related merchant category codes as “high-risk” along with gambling and various kinds of direct marketing services.
[...]
Consumers will be driven to more liberated alternatives such as the privacy-oriented and cash-like bitcoin. They certainly don’t want VISA, Mastercard, PayPal and the rest of the gang telling them what is and is not an acceptable purchase. Interestingly, the study cited bitcoin among creative alternatives when Visa processing becomes abruptly disabled:
"Indeed, while we witnessed some programs (notably in the OEM software space) attempt to continue their businesses using alternative payment mechanisms including PayPal and, most recently, Bitcoin, by all accounts this has not been successful."
[...]
Used properly, bitcoin can have the privacy attributes of paper cash and bitcoin doesn’t make morality judgements about what you choose to do with your money. It is a natural fit for the online pharmaceutical industry.
[...]
Somebody has to say it. Big Pharma is a racket and Americans are being duped by the government and the powerful drug manufacturers
[...]
the five individuals authoring the study seem to tacitly recommend the ‘payments network’ as the delegated enforcement arm of the justice system and sanctioned brand holders.

 - http://www.forbes.com/sites/jonmatonis/2012/10/26/generic-viagra-industry-is-pro-choice-in-payments
3428  Economy / Service Announcements / Re: First international online pharmacy accepting Bitcoin! on: October 26, 2012, 05:44:35 PM
However, like many online pharmacies, their credit-card processing can be unreliable, so it's nice to have an alternative that accepts bitcoin.

Jon Matonis just wrote an article on this:

Quote
In June 2011, Visa (and Mastercard similarly) made a series of changes to their operating regulations and explicitly classified pharmaceutical-related merchant category codes as “high-risk” along with gambling and various kinds of direct marketing services.

Generic Viagra Industry Is Pro-Choice In Payments
 - http://www.forbes.com/sites/jonmatonis/2012/10/26/generic-viagra-industry-is-pro-choice-in-payments/
3429  Economy / Currency exchange / Re: Bitinstant.com is offline, anyone know why? on: October 26, 2012, 05:33:02 PM
Quote from: Gareth
Azelphur: before you mention it, i'm well aware and no i can't tell you the details why, but it'll be sorted within 24 hours or so

^ 22 hours ago

Well, he could tell you but then he'd have to shoot you.  Roll Eyes
3430  Economy / Currency exchange / Re: Bitinstant.com is offline, anyone know why? on: October 26, 2012, 05:23:07 PM
I don't know if it has any bearing on the site being down:

And this is how rumors get started.



I don't have any info on BitInstant's maintenance shutdown but yes, them going offline with no advance notice and no ETA does seem odd.

That being said, I'm also having trouble posting to Tumblr at the moment under basically the same situation.

[Edit: Outages all over ...

Bitcoin Faucet:
 - http://freebitcoins.appspot.com

uses Google App Engine, which is down.

Dropbox is apparently having troubles as well.

 - http://techcrunch.com/2012/10/26/google-app-engine-down-with-major-service-disruption-as-dropbox-and-tumblr-also-suffer ]
 
3431  Economy / Currency exchange / Re: [WTB] BTC with USD, multiple payment methods available incl. Dwolla. on: October 26, 2012, 07:17:53 AM
I can pay with Dwolla if you know how to accept a payment from me without the 30 day restriction.

Post your request here, and you'll likely find someone willing to trade:

USD between MTGOX <--> DWOLLA
 - http://bitcointalk.org/index.php?topic=78512.0

  • Square account to Square account

What's that about?   Does Square let you as a merchant use your revenues for paying to other Square merchants?
3432  Bitcoin / Bitcoin Technical Support / Re: bitcoin-qt email notification when payment sent or received possible? on: October 26, 2012, 07:13:46 AM
I was wondering if theres a way to set this up using bitcoin-qt ? I know other wallets have this support.

And there are third-party services which provide this:
 - http://www.bitcoinmonitor.net
3433  Other / Beginners & Help / Re: Satoshi\blockchain Transactions disappeared on: October 26, 2012, 05:48:04 AM
does blockchain.info use unresolved coins when there are resolved coins available?

Blockchain.info/wallet does create transactions that will include incoming transactions that have no confirmations yet.


why would it ever fail if I never used my entire balance?

With Bitcoin's architecture wallets and hybrid EWallets like what Blockchain.info/wallet is do not have the concept of a "balance".  They only have transactions -- inputs and outputs.  Let's say your wallet has just one transaction, a withdrawal from long time ago from Mt. Gox for 5.0 BTC. And then you make a wager for 1.0 BTC to SatoshiDICE.  That will create a 4.0 change transaction back to yourself, and that won't be confirmed.  

So then let's say your first wager won and you receive a 1.5 BTC payout.  And then you make another wager, this time for 0.7 BTC.    The Blockchain.info/wallet client might use the 1.5 BTC payout in that wager, even though you have no confirmed funds in your wallet.

Now in this scenario, everything should eventually confirm and this isn't a big deal.  But if for some reason that 1.5 BTC payouts included unconfirmed funds that never confirm, then that 0.7 BTC will be a wager that also will never confirm.  It will be as if you never made that 0.7 BTC wager, because it never will see confirmed funds for 100% of its inputs.
3434  Economy / Gambling / Re: [New Site Launched] SatoshiDICE.com - The World's Most Popular Bitcoin Game on: October 26, 2012, 04:49:50 AM
I've also re-enabled the isLegit check on incoming bets.  This check makes sure the bet is either confirmed and has a tx fee of at least 0.001.

You used the word "etiher" and then "and".  

Do wagers with a fee less than 0.001 BTC still get processed even if they have not yet been included in a block?
3435  Other / Beginners & Help / Re: Satoshi\blockchain Transactions disappeared on: October 26, 2012, 04:44:50 AM
I have screenshots for proof that they existed but no longer do.

I haven't looked at your exact transactions but I've seen before the mistaken belief that every transaction that shows WIN on SatoshiDICE is correct and will eventually pay out.

Those "WIN" statuses are contingent on the transaction ultimately confirming.

If you are using a client that will spend an unconfirmed input (and Blockchain.info is one that allows this), then it is possible (and a frequent occurrence) that you are sending wagers which have parent transactions that have not yet confirmed either.

Now here's the problem with that.  If any prior transaction in which your wager uses inputs from ends up just never confirming, then the "WIN" you see on SatoshiDICE was untrue. You neither won, nor did you lose.  That transaction never confirmed and thus you never placed a valid wager.

There are some steps which will prevent this (one being not sending any wagers unless the inputs have confirmations), but a change fireduck made will probably mean this situation won't recur as long as that change is still in place:

I've also re-enabled the isLegit check on incoming bets.  This check makes sure the bet is either confirmed and has a tx fee of at least 0.001. It also traces it back to confirmed parent transactions.
3436  Economy / Service Announcements / Re: BitMe now accepting new payment methods (Direct Deposit, wires, cash deposits) on: October 26, 2012, 03:26:40 AM
Just a little more than surprised to go to access BitMe and see the response:

Quote
BitMe is currently in maintenance mode, please check back later
- https://bitme.com

Then to check this forum thread and there was no mention of this.

I don't know when this went into "maintenance mode", nor why, nor see an ETA as to when the either service will be returned or when I will regain access to my funds.

I did check the blog blog but there is no mention:
 - http://bitmex.tumblr.com/

I did check Twitter and also no mention:
 - https://twitter.com/bitmexc

Whether it was scheduled or unscheduled, it still should be communicated.
3437  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: October 26, 2012, 02:26:22 AM
Attempts to get to the service using www.Blockchain.info responds in a 404.

Not everyone knows that www. isn't needed, and the www. was even the "official" URL at one time:

I've moved it to http://www.blockchain.info Simple & to the point, still open to new suggestions though.

Maybe put in (or restore) a 301 (moved permanently) redirect?
3438  Economy / Marketplace / Re: MtGox Price on: October 26, 2012, 01:40:24 AM
I just wanted to know if this is something that happens normally or whether it's something new.

This is the fourth drop of this magnitude in the past 75 days.



 - https://ferroh.com/charts

So, ya  ... bitcoin is volatile.
3439  Other / Beginners & Help / Re: Best way to buy bitcoins with paypal? on: October 26, 2012, 12:19:38 AM
What's the deal with VirWox ? Do you need to actually have an account on second life to do the PP > L$ > BTC trick ?

No, I don't believe you need to have or validate a second life avatar in order to buy L$ with PayPal, nor to trade them for BTC.

[Edit: Instructions here:
It also shows that you don't need to confirm the avatar.
 - http://www.scribd.com/doc/110005258/Buy-Bitcoin-via-Paypal-Paysafecard-Credit-Card-Ukash ]
3440  Economy / Service Announcements / Re: [ANN] Easywallet.org - web based wallet, iPhone/Android clients with QR Codes on: October 25, 2012, 11:22:18 PM
It seems to me that the easiest way to exchange Bitcoins in a face to face transaction is to use an e-wallet on a smartphone with qr code scan capabilities.
For some reason I can't really picture folks exchanging cash for a private key.

See, as a service provider you can be proactive or reactive.  

Mt. Gox was proactive.  They've had this private key redeem feature about a year ago or so.  And from what I see among those who redeem private keys (including those redeeming paper Bitcoin wallets), Mt. Gox's service is the service they are using.  The Mt. Gox live mobile app is today the easiest way to redeem a private key using a mobile.

It would be nice if there were more and even easier options to redeem private keys, especially when redeeming from a mobile.

If EasyWallet were to offer that, that would be nice.
If InstaWallet were to offer that, that would be nice also.

I'm certain this practice of passing private keys in QR code form will be increasing.

Whether you think it is a good idea or not is irrelevant.  It is occurring today.

You have the opportunity to be a service that is usable for those wishing to redeem their private keys, but if you don't wish to serve that segment that's fine.  I'm just saying there is today this need for an easier way to redeem private keys and also that I see this growing as a method in which bitcoins are being transferred.


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