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1021  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 07, 2014, 12:39:31 AM
I found mine in there too! So how do we get out of the bad transx log and into the good one? Any thoughts?


Supposedly, mtgox is slowly chewing through the log by retrial and processes them, eventually. The delay is a few days, like 5? not sure... Other than that -- get in touch with support...

Most of the failed transactions will never go through because one of the input addresses has zero balance as it was spent earlier.
Only the few failing transactions, which have newly mined coinbase inputs, will confirm slowly and even then it will be 17 to 24 hours later.

Gox has to re-credit trading accounts directly for any btc withdrawal failing longer than a day, or PREFERABLY manually send to the customer's withdrawal address from a wallet with sufficient funds.
1022  Economy / Service Discussion / Re: MtGox CEO isn't MIA! on: February 06, 2014, 11:31:32 PM

Another noob account created Feb 2nd, 2014 supporting MTGOX. Priceless.  Cheesy ...


Just today Mark spent a few hours helping me re-install some drivers to get my scanner working so I could get the proper verification documents submitted.  To be in full compliance, you know.  He said it was pretty quite down there at the office without much going on, so he had some time to help me.  What an awesome guy he is!


LOL!!

Reminds me of the time he swung by our town and did so much, curing some cancer patients at the hospital, reconfigured the traffic light system so we haven't had a traffic jam since, and fixed the outboard motor before we went fishing. Awesome dude!

1023  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 06, 2014, 11:04:13 PM
Requested withdraw of approximately $500 in November, 2013 to US account. Still waiting. Here's a reply from Mt. Gox on December 27, about six weeks ago.

Dear Brett,

Thank you for the email and sorry for the delay in response. Currently we are facing few backlogs and we do not have an ETA for international withdrawals. We are in the process of forming relationships with new partners, banks, and taking other steps to clear the backlog. Your withdrawal request is currently in the queue and we will update you once the request is processed. We apologize for any inconvenience this may cause.

Best regards,

Mt.Gox Team
https://www.mtgox.com

New update from gox

In short, they still haven't found a new banking partner and now deposits also take minimum 10 days. Glad I'm out of there.

Deposits and Withdrawal Update Finally,

The issues with deposits and withdrawals from Mt. Gox are being relieved, but still not at the rate we want. For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. The risk is now too high for us to credit accounts prematurely. We are in the process of forming relationships with new partners, banks, and taking other steps -- hopefully we will not only be back where we were before we encountered these issues , but much further ahead.

https://www.mtgox.com/press_release_20130805.html


Here's a reminder from 6 months ago!
1024  Economy / Service Discussion / Re: MtGox CEO isn't MIA! on: February 06, 2014, 08:04:08 PM
I've spoken with MIA CEO over the IRC 30 hours ago. He was trying to help me with my verification troubles,

So, you are happy he is wasting time on trivial matters while long-standing customers have millions of dollars of their money lost or frozen?

Reminds me of this...

1025  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 10:50:16 AM
Wow...did anyone bother to read my post?

Am I missing something or is it fine for an exchange to allow its users to place orders without funds to back them?

Gox has always allowed this but the unfunded orders should not appear on the public orderbook until they become funded, usually by a recent trade happening. This was a cause of the market lagging back in April because their software was checking whether orders were funded before executing. They optimized this.

Bitstamp recently introduced a nice variation, where a new order to sell is automatically created at a preset price after a purchase is executed (and vice-versa).

Hi,
Thanks for the response.
I didn't know that was the case with Gox: their communication with me described it as a fault so I assumed it was not the norm.  The orders do show up in BTCWisdom...I posted a heap of orders on the GBP/BTC market this afternoon, just to see how far it would go.

My experience on other exchanges (BTCe/Stamp/BTCChina) is that no funds = no order can be placed.  So, I'm not sure I understand your second par. since on Stamp, if I place an order my available balance is adjusted accordingly.

Interesting that Wisdom is showing unfunded orders. These shouldn't be published by the exchange. I wonder if that is yet another recent gox glitch, one that has the "benefit" of making their orderbook look fatter than it is.

In Bitstamp, limit orders with advanced setting allows a 2nd price for auto-selling after buying or vice-versa.

1026  Bitcoin / Development & Technical Discussion / Re: Blocks are [not] full. What's the plan? on: February 06, 2014, 10:21:52 AM
This is TOTALLY useless. If the content of the junk is dynamic but deterministic (e.g. repeatedly hashing the last block), miners don't need to transfer the junk because everyone know the content. If the content is unspecified, all miners will fill it with 0s. So, again, they don't need to transfer the junk because everyone know the content.

The point is that any block with size less than the minimum size would be disallowed by the protocol. So it wouldn't matter if all the other nodes knew what the junk values would be.

Minimum block sizes don't work as miners can pad them with transactions between their own addresses.
1027  Economy / Service Discussion / Re: Broken BTC Withdrawals on Gox -- 2230 EST, 28 JAN: 1654 broken TX!! on: February 06, 2014, 08:08:37 AM
I looked at a number of the failed transactions on skanner before the api facility was stopped and it seems a lot of withdrawal transactions had several inputs, but one of which had zero balance, an initial double-spend. For example. If customers A and B both try to withdraw BTC within a few seconds of each other their payments would share one input address in common with a balance to satisfy only one customer. Whichever gets propagated through the network first has a successful withdrawal, the other is silently ignored, languishing.

That would be better than the reality.  My stuck tx is a double spend, and the original was included in a block 10 days ago.

That is right MtGox tried to pay me with "coins" they already paid to a completely different customer over a week ago.

Indeed, what you are describing is worse and seems to rule out db race condition glitches. It is hard to believe that they are having a genuine software problem like this after functioning for nearly 4 years.
1028  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 07:59:05 AM
Wow...did anyone bother to read my post?

Am I missing something or is it fine for an exchange to allow its users to place orders without funds to back them?

Gox has always allowed this but the unfunded orders should not appear on the public orderbook until they become funded, usually by a recent trade happening. This was a cause of the market lagging back in April because their software was checking whether orders were funded before executing. They optimized this.

Bitstamp recently introduced a nice variation, where a new order to sell is automatically created at a preset price after a purchase is executed (and vice-versa).
1029  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 04:32:51 AM
How come there's only $50 difference between gox and stamp? Been around $200 diff for so long now

Not only are Gox bux worth less than fed bux, but now gox btc is worth less than blockchain btc.
So diff closes.
1030  Economy / Service Discussion / Re: Blockchain.info app removed from Apple App Store on: February 06, 2014, 01:19:56 AM
The windows 8 mobile version needs rolling out asap.
1031  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 01:10:21 AM
Wall at 850 gone not looking good at 850

Full blown gox panic. Coins that don't exist are super-expensive, especially at $825.
1032  Economy / Service Discussion / Re: Broken BTC Withdrawals on Gox -- 2230 EST, 28 JAN: 1654 broken TX!! on: February 05, 2014, 09:09:41 PM
Ok, I tried to withdraw again today after my btc got stuck and were returned to my gox account. Now it's telling me "invalid bitcoin address". I tried a few different addresses including the one I used for the first withdrawal. Anyone else getting this message?

When you copy/paste, it'll say that if there's a space at the end of the address. It's always what causes that message for me anyway.

Hmm, could be the cause. But I did not change the copy source since the first attempt to withdraw, which "worked" till the coins got stuck. I suspect they've got an empty hot wallet, as explained in some of the answers here: http://www.reddit.com/r/Bitcoin/comments/1x3unb/new_trick_of_mtgox_pretending_that_the_withdrawal/.

Yes. It seems that having thousands of failing transactions is just too embarrassing, so better to artificially prevent btc withdrawals by creating yet another "glitch/customer issue"

I looked at a number of the failed transactions on skanner before the api facility was stopped and it seems a lot of withdrawal transactions had several inputs, but one of which had zero balance, an initial double-spend. For example. If customers A and B both try to withdraw BTC within a few seconds of each other their payments would share one input address in common with a balance to satisfy only one customer. Whichever gets propagated through the network first has a successful withdrawal, the other is silently ignored, languishing.
1033  Bitcoin / Press / Re: 2014-02-04 Coinfirma: Bitcoin Now Accepted at Every 7-Eleven in Mexico on: February 05, 2014, 08:40:33 PM
Is 7-11 big in Mexico? Also I still hope WU can come around and do the right thing.

1200 stores.

What are other big clients of said "pademobile" service?

How big is coinbase? Is there a way to see there 30 day volume?

https://medium.com/p/97ecc86460dc
1034  Economy / Economics / Re: Why is china buying so much bitcoins? on: February 05, 2014, 11:06:11 AM
This is misleading as the "leakage" is also "churn".

Zero-fee exchanges can churn many times more trades than an exchange where the buyer and seller, collectively, yield 0.5% to 1% of the trade to the exchange.
1035  Bitcoin / Development & Technical Discussion / Re: how many transactions a block can hold(max)? on: February 05, 2014, 10:52:49 AM
I think that it would be at about 5,000 transactions per block maximum, if all transactions stayed at only 200 bytes, we can go smaller but it'll take compression.

2,400 is a good working number to use for transactions (as measured by blockchain.info) in a max block
Recent example of 1,280 transactions using 687KB:

https://blockchain.info/block-index/465553/00000000000000014061615cf6f68bea2bc39c03d3d826c8fe9cf03469aeed10
1036  Bitcoin / Press / 2014-02-04 Coinfirma: Bitcoin Now Accepted at Every 7-Eleven in Mexico on: February 05, 2014, 08:51:16 AM
http://www.coinfirma.com/4/post/2014/02/bitcoin-now-accepted-at-every-7-eleven-in-mexico.html#.UvH5Bj2SyrB


Bitcoins can now be spent at 7-Elevens indirectly via the Pademobile service funded through Coinbase. In theory a huge number of remittance payments from the US to Mexico could go though this process. Less fees and faster than dollar/peso exchanges, but presumably recipients would have to spend their money on 7-Eleven products.

This is very disruptive to existing remittance services.
1037  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 05, 2014, 08:20:00 AM
So... at the present time, is there ANY market that can be regarded as a credible source for the market price of Bitcoins, free of price manipulation by bots, falsified trading figures, or failure to honor transactions by actually paying the customer?

What IS the real price of Bitcoin nowadays?

average of bitstamp and btce is as close as anyone could get. $801 at the time of this post.
1038  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 05, 2014, 12:19:19 AM
I see the spread is decreasing, .. lol are people willing to hold dem gox bux again?>

It's not that Gox bucks are getting any better... it's just Gox BTC becoming progressively worse. So the price of shitty Gox coins is decreasing when measured in shitty Gox dollars. Ironic, isn't it?

Correct. When the gox price falls to stamp price then the market will have priced in equal (snowball in hell) chance of extracting fiat or btc.
1039  Economy / Service Discussion / Re: Broken BTC Withdrawals on Gox -- 2230 EST, 28 JAN: 1654 broken TX!! on: February 04, 2014, 11:29:44 PM
.. the longer people pay money into it the longer it will keep the scam up.

Hmm maybe. Are successful withdrawals coming only from new deposits now?
1040  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 04, 2014, 02:08:33 AM
But sometimes you had some kind of info, where the processing is currently at. I was curious about this.
Read two pages back.  This is the latest information I have.

The latest information I would be interested in is: how much do you trust mtgox with your fiat and btc?
I guess zero of each there.
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