Bitcoins - digital currency
Bitcoin is a peer-to-peer digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. Advantages:
- Bitcoins can be sent easily through the Internet, without having to trust middlemen.
- Transactions are designed to be computationally prohibitive to reverse.
- Be safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.
Total size 5,811,700 BTC
or 4,585,431 USD
or 3,545,137 EUR
or 133,094,323 RUB
or 3,849 ounces of gold
Any value to this idea or will it never work?
Any thoughts on price action on day, week, and month following ETF approval?
What's the wait time from ETF approval and actually being listed typically?
Again, broken up into two payments but adds up correctly in the total, also reflecting some additional gains in BTC since I sent. Looks good here, as far as I can tell with my limited knowledge. Just going to have to wait.
Yes you need to wait.
Your wallet is likely a hierarchical wallet and gives you a new address each time you receive funds.
So the first time you received 0.1 to address bc1xxx and the second time you received 0.25 to address bc1yyy
Your wallet just shows your balance as 0.35 but in fact the amounts are held in two separate inputs. So when you go to send > 0.25 its going to need to draw from both inputs.
This is remining me of the first time I ever sent any BTC, was unreal nervous until it got confirmed like an hour later lol.
And I remember when the unconfirmed txs were like 300k lol.
Now you just pay up if you want it done sooner.
Yes you need to wait.
Your wallet is likely a hierarchical wallet and gives you a new address each time you receive funds.
So the first time you received 0.1 to address bc1xxx and the second time you received 0.25 to address bc1yyy
Your wallet just shows your balance as 0.35 but in fact the amounts are held in two separate inputs. So when you go to send > 0.25 its going to need to draw from both inputs.
This is the wrong ****ing thread for this. You are ****ing derailing.
There is a whole ****ing thread for 'how bitcoin works'.
Settle down buddy, he is literally helping someone.
Jbouton calm down. If you think something should be moved then report it, don't start posting expletives and attacking posters. If you continue to do this then you will be exiled to that thread, and if you continue posting like this in that thread you'll be exiled from this sub.
Really your thoughts should be in house of blogs alreasy, similar to how I moved my posts on the invasion of Ukraine there despite there being a thread dedicated to that in another forum.
I just remembered you already have a thread in here for your musings on Ideal Money:
https://forumserver.twoplustwo.com/30/bu...
Use it.
I will use this thread as a dialogue and inquiry for those that are sincere in wanting to understand the works entitled Ideal Money which is, in summary, 20 years of lectures and writings on the subject of the advent of an international e-currency with a stable supply and the game theoretical implications it will have the world.
I can deal with that. Your thread for Ideal Money has been open since June 2021. If a mod closes it then please inform me.
Yes you need to wait.
Your wallet is likely a hierarchical wallet and gives you a new address each time you receive funds.
So the first time you received 0.1 to address bc1xxx and the second time you received 0.25 to address bc1yyy
Your wallet just shows your balance as 0.35 but in fact the amounts are held in two separate inputs. So when you go to send > 0.25 its going to need to draw from both inputs.
How come when I brag about my technical knowledge you don't call me out with my weak understanding of utxo etc.
Is it like I get 0.35 cents back and I get a quarter and a dime and ask why I got two of something not one?
a true leader would have used a smaller number than 35 cents back imo
Yes you need to wait.
Your wallet is likely a hierarchical wallet and gives you a new address each time you receive funds.
So the first time you received 0.1 to address bc1xxx and the second time you received 0.25 to address bc1yyy
Your wallet just shows your balance as 0.35 but in fact the amounts are held in two separate inputs. So when you go to send > 0.25 its going to need to draw from both inputs.
Thank you again for your help. I'm sorry it caused a rift here in the thread but I've just never experienced a wait like this before. I don't know anything about crypto other than what I need to for playing online poker.
At 20+ hours now with 0/2 confirmations.
You did not cause a rift in the thread. This is entirely my fault for not addressing the issue earlier.
Thank you again for your help. I'm sorry it caused a rift here in the thread but I've just never experienced a wait like this before. I don't know anything about crypto other than what I need to for playing online poker.
At 20+ hours now with 0/2 confirmations.
I don't know why your wallet recommended such a low tx fee. I just looked at mempool and it's coming down now. Hopefully for you the next couple hours are quiet in blockspace requests and your tx is confirmed. I'm guessing by 8am or so EST activity is going to pick up. And for the next few days given the imminent ETF (approval).
I don't know why your wallet recommended such a low tx fee. I just looked at mempool and it's coming down now. Hopefully for you the next couple hours are quiet in blockspace requests and your tx is confirmed. I'm guessing by 8am or so EST activity is going to pick up. And for the next few days given the imminent ETF (approval).
Initially, my main concern was just that the funds will in fact arrive sometime. At some point. If I have to wait a bit, that's fine. I've just never had to wait more than 45 minutes at the absolute tops prior.
Ok, so now it says 1/2 confirmations. Thankfully.
Thank you again for the help in here. I really do appreciate it.
Lastly, what's the best way for me to avoid dealing with delays like this in the future? That used to be one of the pros to using crypto for me: Speed. Should I start dealing in a crypto other than BTC?
Ok, so now it says 1/2 confirmations. Thankfully.
Thank you again for the help in here. I really do appreciate it.
Lastly, what's the best way for me to avoid dealing with delays like this in the future? That used to be one of the pros to using crypto for me: Speed. Should I start dealing in a crypto other than BTC?
Good. You'll have 2/2 in the next block. So like 10 mins. Probably already happened given the timing of this message.
If your wallet let's you adjust tx fee, before submitting the tx, make sure the fee (sats/byte) is on par with medium or high priority it shows on mempool.space
Oddly, now it says transaction completed on blockchain and yet still shows up as pending in my coinbase account. Hopefully it's just some kind of delay.
It was, indeed, just a delay. I finally have all funds consolidated into my coinbase account. Thank you again for the help and your time!
blast off incoming?
edit** btc never disappoints.
That wording.
