Bitcoin Worldwide Exclusive: New Competitor to MtGox: http://TradeHill.com

[Bruce Wagner]

Sorry for any confusion.

No I didn't create TradeHill.   

TradeHill is a new sponsor of The Bitcoin Show. 

Also, we were told that our referral code would offer 5% discount for life.  Actually, that was a mistake.  It gives you 10% discount for life.

So if you support what we're doing over here at http://OnlyOneTV.com with "The Bitcoin Show" and "El Show de Bitcoin"....  Please use our referral code.

~~~~~

Bitcoin Worldwide Exclusive: New Competitor to MtGox: http://TradeHill.com Use Referral Code: TH-R141 for a 10% DISCOUNT FOR LIFE! #bitcoin

Support what we're doing here at OnlyOneTV.com with "The Bitcoin Show"...  and in Spanish, "El Show de Bitcoin"....  use Referral Code:  TH-R141

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[kwukduck]

looking good
nice to have another exchange

[ploum]

Wow, it's already down here! DDOS?

[Sukrim]

Because without patching bitcoind it's a pain. You have to constantly poll the addresses to see if any deposits have gone in. Multiply this by 10,000 users and it's not scalable. So by giving a 'one shot' address you can scan only this address, and expire it after a couple of days.

Wouldn't you just need to check at every block (= ~every 10 minutes) if a transaction was in it to an address that you own? Doesn't look that bad to me...
Also you could just use a different wallet every 10/100/1000(?) users and check their balance - if it changed, check the individual adresses in there. Last but not least you could sort your adresses by activity + age and first scan the newest + most active ones on each block. If there's still some balance change left in some of your wallets, check deeper and deeper only on these.

In the end it might not be as 100% scalable as "throwaway adresses" but maybe enough - and it would eliminate a lot of support calls ("I've sent more money to the adress and this time it has not showed up!"). For the "untraceable" fans, you could still offer a "throwaway" solution/switch with a clear warning sign.

I wonder how generated transactions show up, would be great if these too get supported by the big bitcoin aggregators (mybitcoin, MtGox and maybe soon(?) TradeHill).

Edit:
Oh, and switch to UTC only on your site please!

[doublec]

Wouldn't you just need to check at every block (= ~every 10 minutes) if a transaction was in it to an address that you own? Doesn't look that bad to me...

I don't think you can, with an unpatched bitcoind, get notified of a new block, or get a list of all transactions in a block. I'm just explaining why some sites have gone for the 'one shot' deposit option. It's easy to implement. There are other ways of doing it. For example every 10 minutes looking at 'listtransactions' for an address in the deposit list. For my site I'm still exploring the best ways of doing this. Lucky I don't have many users Yeah I plan to switch to UTC. I thought the server was UTC already but forgot I'd set it up with NZ time.

[Sukrim]

Wouldn't you just need to check at every block (= ~every 10 minutes) if a transaction was in it to an address that you own? Doesn't look that bad to me...

I don't think you can, with an unpatched bitcoind, get notified of a new block, or get a list of all transactions in a block.

Well, pools send out a long polling notification on each new block - until you figured out how to do this with bitcoind, you could just listen to a few bigger pools and if all of them send a long polling notice, recheck your balances. A little dirty hack, but should work...

[carlerha]

Great to see a competitor!

[Ajego]

Just waiting for a 'good' solution to transfer money from Europe :/

[Sukrim]

Open a business (A "Limited" in UK can be opened with only 1 GBP I heard), open an account and start accepting EUR! The first one that has the balls (and lawyers... ) to do this will most likely be able to cover them in gold soon.

[ploum]

Can't register with value-code: TH-R141

Use TH-R181 then :-)

[Sukrim]

Can't register with value-code: TH-R141

Use TH-R181 then :-)

Or any other Refcode in this thread... 

[cloud9]

Is Tradehill referring to Bitcoins as currency (like bitcoin.org does) or goods/commodity like MtGox does?  It makes a big difference with regards to financial regulations and money transmission businesses and AML and KYC rules and required bookkeeping records.

Calling your Bitcoins that you buy/sell/(trade for goods) a currency is stepping into a legal minefield in my opinion, as the financial industry is regulated by numerous laws beyond the scope of this posting, for legislation administrative rulings see http://fincen.gov/

Is calling your Bitcoins that you buy/sell/(trade/barter for goods) a digital P2P crypto-commodity not maybe more accurate and legally acceptable if it is traded/exchanged/bartered or bought/sold not within the scope of financial industry?

It seems like Australia and the United Kingdom's tax offices view Bitcoins in the latter manner.  see http://www.theregister.co.uk/2011/06/08/bitcoin_under_attack/

UK considers Bitcoins legal and taxable unique intellectual property assets? : "... quoting Her Magesty’s Revenue & Customs as saying that turning Bitcoins into currency could make transactions taxable..."  (turning Bitcoins into currency = Bitcoins not a currency, but a digital good?)

Australia considers Bitcoins legal and taxable unique intellectual property assets? : "... If traced by the Australian Tax Office, Bitcoins would probably get the same treatment as “barter” exchanges, with tax assessed on the value of traded goods or services. ..." (barter of digital goods?)

Also MtGox has carefully worded their website as well as to proclaim that you can buy or sell the internet commodity known as Bitcoin.  Unlike bitcoin.org proclaiming it to be a currency, for some unknown reason?

Disclaimer:  Applies to all posts of Cloud9.  Posting is only an opinion.  On a forum like this we do not need to give you permission to have your own opinion.

[WesleyK]

Some reference codes are not working for me(TH-R141 and TH-R181), this one works for me TH-R11040

[freespirit]

Can't register with value-code: TH-R141

Use TH-R181 then :-)

Or any other Refcode in this thread... 

Try this one TH-R1805

[freespirit]

Get paid for registering at TradeHill. Check out the following topic for details: http://forum.bitcoin.org/index.php?topic=14014.0

[rb2k]

I guess I'll just add another one, maybe we can get a "chain" going:
TH-R11089

[ploum]

If you go to your profile, you will see the Referral Program section:

Referral Code: TH-R181
Referral Benefit: XX% off commissions.
Referral Rate: XX.XX% of all commissions generated.
Number of Users Referred: xxx

My question is: what is the difference between the referral benefit and the referral rate?

[dacoinminster]

I see USD in my account from selling bitcoins AND referral payments, so I can confirm that referral payments do work.

Haven't tried withdrawing any USD yet, but everything looks awesome so far.

I think more people have been using my referral code (TH-R1168) because it gives you extra luck with the ladies in addition to the 10% discount

[fornit]

If you go to your profile, you will see the Referral Program section:

Referral Code: TH-R181
Referral Benefit: XX% off commissions.
Referral Rate: XX.XX% of all commissions generated.
Number of Users Referred: xxx

My question is: what is the difference between the referral benefit and the referral rate?

Referral Benefit is the amount somebody saves when he uses your ref link to register. Referral Rate is what you get when somebody uses your ref link.
so its advantageous for everybody to use a ref link...preferably mine of cause 

[btcLeger]

I used one of your referals here in the forum. Here is mine:
TH-R11320