johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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April 27, 2015, 11:16:13 AM |
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There is no world-wide money transfer system that settles transaction faster than those 4 hours. Well, Bitcoin and its clones are most of the time much faster. If you are willing to accept the risc of chargebacks, you should accept 0-confirmation transactions.
I send euro from my bank to the person with the same bank in 1-2 hours. You are not sending euro, just some numbers changed in your bank, similar to doing an internal transaction in one of the bitcoin exchanges, some numbers changed in your bank's database, does not involve any real money transfer
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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S4VV4S
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April 27, 2015, 11:19:58 AM |
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Sorry but confirmation is what makes things rock solid. In fact 2 confirmations minimum IMO.
Anyone working with 0 confirmations is prone to get ripped off.
Please stop spreading misinformation. 0 confirmations are ok for most things Please keep your thoughts to your self. 0 confirmations IS NOT OK UNLESS your buying a pack of chewing gum and the shop owner don't mind loosing $1. When you do REAL trades confirmations are crucial to the success of your trade. Please go read some more. Thank you Why would it be ok for a dollar transaction but not larger ones? If it's a problem then it's a problem. Once the payment has been sent and the seller gets acknowledgement of that then it's as good as confirmed, but shops will use payment processors most likely. You can do a 'chargeback' or the card could be stolen and payment processors protect against this. Personally I think that ALL transactions should have atleast 1 confirmation, but when you work in a place selling, I don't know, chewing gum, you wouldn't worry about it that much. BUT, if you sold house appliances or video games, you would definetly wait for the confirmations. Or, like anywhere else, you use a third party that handles that trust for you. Right, like Coinbase and Cirlce right? What about my private keys? Oh wait, they don't exist with a third party service.... Most merchants use BitPay. BitPay handles transactions just like Visa handles transactions. It also handles my privates keys - which I have no access to - right? BitPay does not hold the private keys of the buyer. It converts bitcoins to fiat for the merchant. Thanks for the info, but I never mentioned BitPay That being said, are they using multisig? I'm done helping you promote your signature campaign. No, you just have nothing to say. My signature campaign has nothing to do with it. And FYI my signature campaign has already been covered about a week or 2 ago. This has nothing to do with signature campaigns. What a shame, I thought legendary members were wise and helpful. Guess I was wrong....
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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April 27, 2015, 11:20:20 AM |
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One of the input of this transaction is still unconfirmed, that's the reason this one can not be done before that input is confirmed, what could be the cause of that unconfirmed input? A double spending?
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smooth
Legendary
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Activity: 2968
Merit: 1198
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April 27, 2015, 11:21:03 AM |
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One of the input of this transaction is still unconfirmed, that's the reason this one can not be done before that input is confirmed, what could be the cause of that unconfirmed input? A double spending? Zero fee. Those don't really work any more, or if they do it can take a very long time.
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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April 27, 2015, 11:24:42 AM |
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kelsey
Legendary
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Activity: 1876
Merit: 1000
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April 27, 2015, 11:39:48 AM |
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fees, not instant transactions unless you go through a middleman, and its an alternative to fiat
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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April 27, 2015, 11:58:56 AM |
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This is the second time in 2 days I've moved money and it's taken over 4 FUCKNG HOURS. .0001 BTC Fee. Pardon my french BUT WHAT IN THE FUCK IS WRONG WITH THE GODDAMN NETWORK that this is occuring? A fucking 300 baud modem could move data faster than this.
This is total unacccepptable epic bullshit on every level. You think bitcoin will go to 0 cents in the future? Well keep up this bullshit.
I've been testing something a while now sending 5460 satoshis frequently to/from the same address using 0.000015 as a fee and I usually got in in the FIRST block. Maybe your wallet is not in synch and/or the transaction was never sent? Sending from the same address gives it more "priority".
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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April 27, 2015, 01:27:58 PM |
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Sorry but confirmation is what makes things rock solid. In fact 2 confirmations minimum IMO.
Anyone working with 0 confirmations is prone to get ripped off.
Please stop spreading misinformation. 0 confirmations are ok for most things Please keep your thoughts to your self. 0 confirmations IS NOT OK UNLESS your buying a pack of chewing gum and the shop owner don't mind loosing $1. When you do REAL trades confirmations are crucial to the success of your trade. Please go read some more. Thank you EDIT: nevermind, I just saw your sig.... I can understand that you want to promote your refferences but please stop posting BS. Thanks you can deal with 0 confs even if you sell stuff ( like a jeans ) for 100 or 200 USD - no problem. check if it is on the blockchain and that is has the minimum fee and you are fine. there is a bigger chance that the customer just ran out of your store and steal your jeans than anything else.
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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April 27, 2015, 01:42:24 PM |
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This is the second time in 2 days I've moved money and it's taken over 4 FUCKNG HOURS. .0001 BTC Fee. Pardon my french BUT WHAT IN THE FUCK IS WRONG WITH THE GODDAMN NETWORK that this is occuring? A fucking 300 baud modem could move data faster than this.
This is total unacccepptable epic bullshit on every level. You think bitcoin will go to 0 cents in the future? Well keep up this bullshit.
The quick answer is that innovation stopped when Satoshi ran off with his 1 million bitcoin stash. Satoshi brought us Bitcoin, that is innovation enough isn't it? It's an open source project which means we ALL are somehow responsible for innovation in and around Bitcoin. Regarding OP : Just check the priority of your coins and add the right fee. In some cases 0.0001BTC fee is not enough. After that you can only wait.
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Netnox
Legendary
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Activity: 2044
Merit: 1008
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April 27, 2015, 01:45:02 PM |
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There is no world-wide money transfer system that settles transaction faster than those 4 hours. Well, Bitcoin and its clones are most of the time much faster. If you are willing to accept the risc of chargebacks, you should accept 0-confirmation transactions.
I send euro from my bank to the person with the same bank in 1-2 hours. You are not sending euro, just some numbers changed in your bank, similar to doing an internal transaction in one of the bitcoin exchanges, some numbers changed in your bank's database, does not involve any real money transfer i know but you get the point though, euros will be available in 1-2 hours.
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Hot Carl
Newbie
Offline
Activity: 21
Merit: 0
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April 27, 2015, 02:00:38 PM |
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This is the second time in 2 days I've moved money and it's taken over 4 FUCKNG HOURS. .0001 BTC Fee. Pardon my french BUT WHAT IN THE FUCK IS WRONG WITH THE GODDAMN NETWORK that this is occuring? A fucking 300 baud modem could move data faster than this.
This is total unacccepptable epic bullshit on every level. You think bitcoin will go to 0 cents in the future? Well keep up this bullshit.
The quick answer is that innovation stopped when Satoshi ran off with his 1 million bitcoin stash. You make it sound as if that was his scheme all along. I wouldn't say run off but disappeared. He's like a ghost. Maybe one day he'll come back from the dead.
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noelmal
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April 27, 2015, 02:05:29 PM |
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This is the second time in 2 days I've moved money and it's taken over 4 FUCKNG HOURS. .0001 BTC Fee. Pardon my french BUT WHAT IN THE FUCK IS WRONG WITH THE GODDAMN NETWORK that this is occuring? A fucking 300 baud modem could move data faster than this.
This is total unacccepptable epic bullshit on every level. You think bitcoin will go to 0 cents in the future? Well keep up this bullshit.
The quick answer is that innovation stopped when Satoshi ran off with his 1 million bitcoin stash. Maybe one day he'll come back from the dead. Certainly he will, when he needs more hookers and blow
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visual111
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April 27, 2015, 02:09:16 PM |
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DLing porn took a long time in the late 80s/early 90s. what do you expect from a newer tech?
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Beliathon
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April 27, 2015, 02:57:36 PM |
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If you are willing to accept the risk of chargebacks, you should accept 0-confirmation transactions.
This, and doubly so if are in person and watching the other party send the transaction.
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DannyHamilton
Legendary
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Activity: 3374
Merit: 4606
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April 27, 2015, 03:52:50 PM |
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Yes, something is seriously fucked up, and it is your fault. If you wrote the program that sent the transaction, then you have a bug in your program. If you used a wallet program to send the transaction, then you chose a poorly written wallet that has a bug in it. Specifically: At 2015-04-27 04:42:44 UTC you received a transaction for 2.142 BTC at address 1KfncRtWe8ycboDe1BAw4UyFBrgpZRHwpN with transaction ID b5f1a50f10ef314e4e8c6b92e15f1972c1757f78665ab3f3fe7d705b67370257 Whomever sent you that transaction failed to pay a transaction fee at all. Therefore, their transaction has not yet confirmed. That part isn't your fault, but you should contact the person that sent you that transaction and tell them that they screwed up. Next comes the part that is your fault. The transaction that you are complaining about spent that unconfirmed 2.142 BTC. You should not be spending unconfirmed bitcoins. There is a very real chance that the 2.142 BTC that you received will never confirm, especially if someone is attempting to create a competing transaction that uses the same inputs. All you can do now is wait and hope that the 2.142 BTC confirms.
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auswalk (OP)
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April 27, 2015, 03:54:36 PM |
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I just got a "conflicted" error on this transaction on bitcoint-qt, so I think it's more than that. I downloaded the new bitcoin-qt 10.1 and did a -rescan on a backup wallet. Will continue to wait a little longer to see what in the fuck is wrong with this situation and hope it gets resolved.
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DannyHamilton
Legendary
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Activity: 3374
Merit: 4606
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April 27, 2015, 04:01:11 PM |
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I just got a "conflicted" error on this transaction on bitcoint-qt, so I think it's more than that. I downloaded the new bitcoin-qt 10.1 and did a -rescan on a backup wallet. Will continue to wait a little longer to see what in the fuck is wrong with this situation and hope it gets resolved.
The only way you could create this transaction with Bitcoin-Qt 10.1 is if you chose to change the default settings. The default settings won't allow the wallet to create a transaction that spends unconfirmed outputs. If you changed that setting without understanding the risks associated, then you can only blame yourself.
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auswalk (OP)
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April 27, 2015, 04:09:17 PM |
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I'M NOT TRYING TO SPEND ANYTHING. i'M TRYING TO GET THE TRANSACTION SENT TO ME CONFIRMED.
Lots of people here just can't read for shit.
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