I like this site
I did too until they suddenly decided to cancel my most recent purchase because it "appears to be high risk". It appears they may be using unconfirmed outputs in the transactions they generate to send you your bitcoins. That's just too much risk for me to be allowing them to pull money from my bank account. Until they resolve this issue, I wouldn't trust them enough to receive any transactions from them. By the time they've sent you the bad transaction, they've already got the money from your bank account. How do you straighten that out? EDIT: Apparently coinbase is fixing the bug. If I get confirmation that the bug is fixed, I'll delete this message.They say it's now fixed, and they are offering a 5BTC bounty to get the messed up transactions mined. |
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Fees should be voluntary not imposed. They are. You can set up / custom code your client to not send fees. What you can't do is make nodes relay your transaction, or make miners include your transaction in a block. That's their decision, not yours. This sets up a situation like today, where coinbase accidentally pyramided hundreds of transactions on top of two unconfirmed base transactions that were very large and did not have sufficient fees, and suddenly hundreds of people (including myself) are waiting more than 24 hours for confirmations. You can volunteer for this any time you want by changing your client to not include transaction fees.  You can not tip your waiter, too, but if the service was good it's nice to pay for it, especially if you plan to keep coming back. |
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Your company has only been in existence for 3 days.
If there are a total of 1,000 shares and each share is worth 1BTC, what makes your "company" worth 1,000BTC ($25,500)?
It cost lots of money to form a company, then be compliant with financial regulation. That doesn't mean it's worth it, though. |
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Thank you, Brian! Appreciating Coinbase's attention to getting this moved on through.
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Price went down, and I bought. What do you mean I was supposed to panic sell? (Of course, I bought $2 above the eventual bottom. Oops.) |
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As far as the previous comment by walter block While I am proud to be mistaken for Walter Block, I am not he.  |
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Another great business idea it to start an insurance pool to insure btc transactions, I would like to see the indvidual sellers contribute to the fund and then create a claims process. I have no idea how to make that run in a decentralized way, but in my view if the problem with individuals selling to one another is the problem then the way to fix it is to insure the transactions.
why don't you set up a competitor to localbitcoins? i don't know anything about them but they seem to be one of a kind. i would think there'd be room in the market. Yeah, similar network idea, but via PayPal, not cash... As a web-developer and entrepreneur, that's something I could be interested in being involved with. Fully vet the individual exchangers, and maybe set up an insurance system whereby they pay you a small fee in exchange for insurance as well as the exposure through your network. No idea how to price that; would obviously require an understanding of fraud rates and so forth to price properly... But I really like the idea of a network of *verified* exchangers using PayPal. As noted, they'd need to be vetted *well*, and would have to agree to the business model you set forth (which minimizes fraud-risk via various checks, etc). If it can be structured in such that they get some insurance out of it, and you get the stability of premiums (and can use the float to offset some currency risk), it could be pretty nice. What about skipping Paypal and just using a credit card processor? |
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Eeeyah! I go away from home and don't check the net for 3 hours, and this is what happens???  Fortunately I bought a little above $24 just before leaving the house. Nobody told me we were gonna hit $21-22 territory, though.  |
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I had my first transaction go through fine but I sent the coin to my wallet and it is still unconfirmed 18 hours later. Sent two messages for support but haven't heard back. I understand the delay due to measures to protect from fraud but what I am reading with regards to ACH problems and then my own delay to get confirmed leaves me weary.
coinad put out a very big transaction with very little fees about two days ago. The transaction has not been confirmed. Coinbase mistakenly tried to spend some of the output, and now there is a massive stream of unconfirmed transactions going on two days old. Coinbase has fixed their code to not spend 0-confirmed outputs any more and offered a bounty to a miner to try to include the unconfirmed big transaction in a block. If you are logged into coinbase, you can see the original troublesome transaction here: https://coinbase.com/network/transactions/88eb395b48a6d3875d8d55a6efd34afd2e1d4e397b43f9f790479914fba0c74b?output=168Here's another big unconfirmed transaction in the chain, although it has better fees: https://coinbase.com/network/transactions/ca3f06e907ba0073b0e2b5e661a79ed0960d889fdee61448101c2fdd2caad5c9?output=0I've got a transaction I spent last night that is waiting on all this, too. There are several threads here talking about it today. |
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The mindset of the market will change it will have to to survive. IMO. You want the market to change to not want people to build up huge piles of capital? Then we will never get the services that we need. The huge piles of capital serve us. Look at the successful bitcoin businesses. They had to have big piles of capital. As examples, check out Tangible Cryptography and bitinstant. Nobody could do what they do without accumulating big reserves first. |
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I want to get payed for serving my customers. I believe that the market rewards the people that do the most good. You shouldn't get paid for for hoarding like a troll The market wants some people to build up substantial piles of capital. That enables them to serve the rest of us. |
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So for example computing TRC rate at the moment is rather difficult to do as the exchanges are small with small volume. :-( Volume weighted 24 hours across both currently active exchanges would at least give a ballpark figure. |
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Definitely possible, but probably not a small job. I haven't looked directly into the electrum client-server protocol, but a web app could be written to connect to it.
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Public addresses are stored in the blockchain. These are essentially a hash of the public keys of others. When 'coin is spent from an address, the public key of the address is included in the transaction and the transaction is signed with the private key.
I think I have that right but may be glossing over some details or may be inaccurate, in which case I hope someone will correct me.
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Wow, now I understand why a transaction I sent from coinbase last night was unconfirmed, 11 hours later this morning. Glad to hear they are on it.
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kangasbros, Is there any way to report a spam contact? I got a message this afternoon from "ElitePeasant" with this message: ElitePeasant: Learn how you can counterfeit Bitcoins, and quadruple what's in your wallet NOW! >>>>>>>>>> http://www.mediafire.com/xxxxx <<<<<<<<<<<<<< Maybe they are selling testnet bitcoins. |
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This is silly. Stop harassing them guys. I'm pretty sure it's counter-productive.
Offering a donation is harrassment?  I mean, if a guy showed up at my store and asked if I accept Pesos or Rubles and then pulled them out and set them on the counter, can I call the cops because I'm being harrassed? |
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An exchange is a better tool than a poll for answering this question.
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Anyone know? I remember him posting up every week or so, filling his block sell orders, and announcing he was out for the week.
Are you thinking of Tangible Cryptography / Bitcoins Direct? I believe they announced they have enough buying customers for the time being and are deferring taking new customers and building out that side of the business any further until later. There is a website where you can sign up to be alerted by email when Bitcoins Direct launches. Here's a link to their thread, I think, if it's the person you mean: https://bitcointalk.org/index.php?topic=87094They also operate fastcash4bitcoins.com, the other side of their business. |
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I don't see any value added by trying to make a coin "GPU-mining resistant," so given that that seemed to be one of the LTC design goals I wasn't as interested as I might have been.
It's not "GPU-mining resistant", more like "ASIC-resistant". You won't appreciate this feature unless you are a bitcoin miner and soon will be driven out of business by big shot ASIC investors. Exactly. I'm not in that situation, so I don't appreciate that feature. And as a Bitcoin user, I pretty much dis-appreciate that feature.  Not to mention the confirmation speed, blockchain download speed is very pleasant too.
Those are worth experimenting with. |
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