Bitcoin Forum
December 10, 2016, 03:27:40 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Flexcoin  (Read 986 times)
antoine
Newbie
*
Offline Offline

Activity: 5

15U1ZdQvKpfhVAsn3HnLCuf21fn5tTpNBP


View Profile WWW
December 02, 2011, 08:57:57 AM
 #1

I made an account on Flexcoin and sent $0.005 bitcoins to it. It shows up in "recent transactions" and the "total balance", but not "available balance" which means I cannot sent them out yet. The following is a section in their TOS:
Quote
Availability of Funds: Any bitcoins deposited into your Flexcoin account will become available to transfer after FIFTEEN (15) confirmations on the bitcoin network. While you must wait for 15 confirmations before transferring these coins to an external bitcoin address or another flexcoin user, the incoming bitcoins will show on your recent transactions page almost immediately, and their sum will be added into your total balance at that time. ALL COINS in the Flexcoin system will follow this rule, and will not be available to any user until they have reached 15 or more confirmations.
But what does that mean? How can I get confirmations?

IF YOU JUST SO HAPPEN, BY SOME HAPHAZARD CHANCE, TO BE FROM THE YUBA-SUTTER AREA, PLEASE JOIN FACEBOOK.COM/GROUPS/OCCUPY.YS. UNLIKE THE REST OF THE OCCUPY MOVEMENT, THIS SECT IS BIPARTISAN. Grin BECAUSE A POPULIST MOVEMENT SHOULD INCLUDE EVERYONE!
If you want to be a moderator, report many posts with accuracy. You will be noticed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481340460
Hero Member
*
Offline Offline

Posts: 1481340460

View Profile Personal Message (Offline)

Ignore
1481340460
Reply with quote  #2

1481340460
Report to moderator
1481340460
Hero Member
*
Offline Offline

Posts: 1481340460

View Profile Personal Message (Offline)

Ignore
1481340460
Reply with quote  #2

1481340460
Report to moderator
Eveofwar
Sr. Member
****
Offline Offline

Activity: 406


View Profile
December 02, 2011, 09:04:46 AM
 #2

https://en.bitcoin.it/wiki/Confirmation

Most exchanges only require 6, but I guess Flexcoin requires 15.

Just have to wait for the network to solve more blocks, or start hashing Wink
antoine
Newbie
*
Offline Offline

Activity: 5

15U1ZdQvKpfhVAsn3HnLCuf21fn5tTpNBP


View Profile WWW
December 02, 2011, 09:15:22 AM
 #3

https://en.bitcoin.it/wiki/Confirmation

Most exchanges only require 6, but I guess Flexcoin requires 15.

Just have to wait for the network to solve more blocks, or start hashing Wink
Awesome! So it's just a matter of time then? How long does it typically take for 15 confirmations? I need to have a good idea because I plan to use this account for political purposes and certain payments can be time sensitive. I decided to go with flexcoin because it's secure and offers cold-storage, but perhaps there's a better eWallet out there?

IF YOU JUST SO HAPPEN, BY SOME HAPHAZARD CHANCE, TO BE FROM THE YUBA-SUTTER AREA, PLEASE JOIN FACEBOOK.COM/GROUPS/OCCUPY.YS. UNLIKE THE REST OF THE OCCUPY MOVEMENT, THIS SECT IS BIPARTISAN. Grin BECAUSE A POPULIST MOVEMENT SHOULD INCLUDE EVERYONE!
Eveofwar
Sr. Member
****
Offline Offline

Activity: 406


View Profile
December 02, 2011, 09:24:28 AM
 #4

https://en.bitcoin.it/wiki/Confirmation

Most exchanges only require 6, but I guess Flexcoin requires 15.

Just have to wait for the network to solve more blocks, or start hashing Wink
Awesome! So it's just a matter of time then? How long does it typically take for 15 confirmations? I need to have a good idea because I plan to use this account for political purposes and certain payments can be time sensitive. I decided to go with flexcoin because it's secure and offers cold-storage, but perhaps there's a better eWallet out there?

A block is set to be mined at a 10 minute average pace, this is an average, so it can be faster or slower.

I manage my own wallet.  Look around the forums though and https://bitcointalk.org/index.php?action=search
antoine
Newbie
*
Offline Offline

Activity: 5

15U1ZdQvKpfhVAsn3HnLCuf21fn5tTpNBP


View Profile WWW
December 02, 2011, 09:38:26 AM
 #5

https://en.bitcoin.it/wiki/Confirmation

Most exchanges only require 6, but I guess Flexcoin requires 15.

Just have to wait for the network to solve more blocks, or start hashing Wink
Awesome! So it's just a matter of time then? How long does it typically take for 15 confirmations? I need to have a good idea because I plan to use this account for political purposes and certain payments can be time sensitive. I decided to go with flexcoin because it's secure and offers cold-storage, but perhaps there's a better eWallet out there?

A block is set to be mined at a 10 minute average pace, this is an average, so it can be faster or slower.

I manage my own wallet.  Look around the forums though and https://bitcointalk.org/index.php?action=search

Thanks you very much! You're all quite welcoming people Smiley So I suppose it would take 2 1/2 hours for 15 blocks. Or do they mean 15 confirmations of 6 blocks which would take 15 hours? :S I really really hope it's the 1st one. If not, I'll switch to someone else. My own computers aren't secure enough to manage my own wallet, haha. In fact, I keep my PGP keys on several secured USB thumb drives. Perhaps I could do the same, but this is money we're talking about... not access to sensitive information. If I lose my PGP keys, then I'll simply revoke my key (in the SSL cloud) and use a new one. You can't do that with bitcoin (so far as I know).

IF YOU JUST SO HAPPEN, BY SOME HAPHAZARD CHANCE, TO BE FROM THE YUBA-SUTTER AREA, PLEASE JOIN FACEBOOK.COM/GROUPS/OCCUPY.YS. UNLIKE THE REST OF THE OCCUPY MOVEMENT, THIS SECT IS BIPARTISAN. Grin BECAUSE A POPULIST MOVEMENT SHOULD INCLUDE EVERYONE!
Eveofwar
Sr. Member
****
Offline Offline

Activity: 406


View Profile
December 02, 2011, 09:39:53 AM
 #6

https://en.bitcoin.it/wiki/Confirmation

Most exchanges only require 6, but I guess Flexcoin requires 15.

Just have to wait for the network to solve more blocks, or start hashing Wink
Awesome! So it's just a matter of time then? How long does it typically take for 15 confirmations? I need to have a good idea because I plan to use this account for political purposes and certain payments can be time sensitive. I decided to go with flexcoin because it's secure and offers cold-storage, but perhaps there's a better eWallet out there?

A block is set to be mined at a 10 minute average pace, this is an average, so it can be faster or slower.

I manage my own wallet.  Look around the forums though and https://bitcointalk.org/index.php?action=search

Thanks you very much! You're all quite welcoming people Smiley So I suppose it would take 2 1/2 hours for 15 blocks. Or do they mean 15 confirmations of 6 blocks which would take 15 hours? :S I really really hope it's the 1st one. If not, I'll switch to someone else. My own computers aren't secure enough to manage my own wallet, haha. In fact, I keep my PGP keys on several secured USB thumb drives. Perhaps I could do the same, but this is money we're talking about... not access to sensitive information. If I lose my PGP keys, then I'll simply revoke my key (in the SSL cloud) and use a new one. You can't do that with bitcoin (so far as I know).

1 block = 1 confirmation = every 10 minutes Smiley
antoine
Newbie
*
Offline Offline

Activity: 5

15U1ZdQvKpfhVAsn3HnLCuf21fn5tTpNBP


View Profile WWW
December 02, 2011, 09:44:07 AM
 #7

1 block = 1 confirmation = every 10 minutes Smiley
Oh thank goodness! Cheesy

IF YOU JUST SO HAPPEN, BY SOME HAPHAZARD CHANCE, TO BE FROM THE YUBA-SUTTER AREA, PLEASE JOIN FACEBOOK.COM/GROUPS/OCCUPY.YS. UNLIKE THE REST OF THE OCCUPY MOVEMENT, THIS SECT IS BIPARTISAN. Grin BECAUSE A POPULIST MOVEMENT SHOULD INCLUDE EVERYONE!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!