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Author Topic: Redeeming Bitcoins.  (Read 4172 times)
os008
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March 03, 2011, 06:00:40 AM
 #1

Hi,
I noticed there's a column called "Redeemed at input" in the transaction page, e.g ...
http://blockexplorer.com/tx/f94c4b6b7ebd64a863bc73ea0349c59e7da8ecad207ec704459f496f349201ea#i418484

What does "Redeemed at input" and "Not yet redeemed" mean please?

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theymos
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March 03, 2011, 06:54:00 AM
 #2

Those superscript question mark links on Bitcoin Block Explorer produce help text when you hover your mouse cursor over them.

Quote from: help text
If this output has ever been redeemed, the transaction that did it is listed here.

Whenever you spend coins, you redeem one or more outputs. The output is attached to an input in the new transaction you create, and you create a new output that will be redeemed by whoever you send the coins to.
output -> input -> output -> ...

See https://en.bitcoin.it/wiki/Transactions for more info.

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os008
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March 03, 2011, 07:47:15 AM
 #3

Those superscript question mark links on Bitcoin Block Explorer produce help text when you hover your mouse cursor over them.

Yes, i've noticed that, thanks. I asked because i didn't understand the action of "redeeming" itself.

Quote
Whenever you spend coins, you redeem one or more outputs. The output is attached to an input in the new transaction you create, and you create a new output that will be redeemed by whoever you send the coins to.
output -> input -> output -> ...

See https://en.bitcoin.it/wiki/Transactions for more info.

First thing i did was check that link also, but seems i was too tired or something, because reading it again just now I understood it. Didn't get that "redeem" means "send to another person"; thought it meant "claim it as the owner", which made me worry i was going to lose them with time Cheesy.

Thanks for the help Smiley.

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theymos
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March 03, 2011, 01:29:06 PM
 #4

I changed the help text to hopefully make it more clear:

Quote
If this output has ever been spent by the recipient, the transaction that did it is listed here.

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os008
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March 03, 2011, 03:37:34 PM
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If this output has ever been spent by the recipient, the transaction that did it is listed here.

Thank you. Can't be any clearer Cheesy.

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