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Author Topic: Some help for the new guy  (Read 978 times)
gadoli
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February 27, 2011, 10:49:05 AM
 #1

Hi, a Bitcoin noob here with a few questions:

1) How do I maintain a steady address , or how can I enter a custom address (If at all possible)? Running Linux.

2) What is a transaction's Time To Live is? Or in practical terms, when someone sends me Bitcoins, and my client is not running, how long do I have before the transaction is canceled (if it does, at all)?

3) And a more theoretically driven question: I see confirmations rolling in for days after a transaction is complete.. In fact, in some transactions have confirmations already in their thousands.
In the long run, as BC grows, isn't this going to clog up the network?

Thanks!
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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theymos
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February 27, 2011, 11:34:09 AM
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How do I maintain a steady address , or how can I enter a custom address (If at all possible)? Running Linux.

You can't make custom addresses. They are randomly-generated. You can create as many as you want, though.

Quote
What is a transaction's Time To Live is? Or in practical terms, when someone sends me Bitcoins, and my client is not running, how long do I have before the transaction is canceled (if it does, at all)?

There is no time limit. You'll get it whenever you come online. This could be years later. The sender doesn't need to remain online, either. The network handles it.

Quote
And a more theoretically driven question: I see confirmations rolling in for days after a transaction is complete.. In fact, in some transactions have confirmations already in their thousands.
In the long run, as BC grows, isn't this going to clog up the network?

They keep getting confirmed forever. I have transactions with 72,000+ confirmations. It doesn't "clog up the network", since people aren't actually confirming your transactions individually. They're confirming transactions that are unrelated to you, and this has the side-effect of making your transactions safer. It is expected that the network will be able to scale to thousands of transactions per second once it is large enough.

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gadoli
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February 27, 2011, 01:47:00 PM
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How do I maintain a steady address , or how can I enter a custom address (If at all possible)? Running Linux.

You can't make custom addresses. They are randomly-generated. You can create as many as you want, though.


So how do people advertise the same address for long periods of time if that address keeps changing?
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February 27, 2011, 02:05:21 PM
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How do I maintain a steady address , or how can I enter a custom address (If at all possible)? Running Linux.

You can't make custom addresses. They are randomly-generated. You can create as many as you want, though.


So how do people advertise the same address for long periods of time if that address keeps changing?
The address doesn't change. You simply have many addresses. You can pick one and use it all the time, or only use it for certain things. The address in my signature I don't use; anything sent to that address will have come solely from people seeing it on this forum and tipping me. Other addresses I use for different things.

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