Maand: november 2013

Is there a sandbox in Bitcoin for testing, so that I can create sample bitcoins without mining and do transactions for testing purposes?

My wallet hasn’t synchronized, can I make a transfer?

I’m assuming that the transaction will not come up on my wallet but im guessing it would come up on the person I send too?

In the “Finances” tab on https://btc-e.com/ you can enter your BTC-E Code there.

What is this about?

For me, scripts are one of the most interesting features of Bitcoin. They provide possibilities which have no equivalent in classical currencies. However, the wiki states

It is purposefully not Turing-complete, with no loops.

1. What’s the rationale behind this decision?
2. Are there any proposals for useful contracts which would only be possible in a Turing complete script implementation?
3. Are there any alternative crypto currencies with Turing complete scripts? If so, how do they solve the problems from 1?

I’m looking for an opensource crypto-currency exchange engine.

My preference would be for something easy to use like joomla or drupal. My exchange setup needs support for alt-coins and bitcoin.

I have discovered intersango myself. However, sql file is corrupted, there is no creation of tables and import does not work. Plus it is bitcoin exchange only (and I need alt-coin support). Site of this exchange with “invites only”, registration is closed.

Is there something super-simple that I can use to get started?

A friend of mine gave me two bitcoins which I now want to sell. I don’t understand the process which would enable me send the funds generated to my bank account.

I did a bitcoin transaction of 216 BTC from the 50BTC mining-pool to my wallet (Bitcoin-Qt).

It has been 3 days now and I have not received anything yet.

I’ve tried to search my address on blockchain.info and it doesn’t come up.

Satoshi Nakamoto wrote the theory about Bitcoin in his paper, but did he (or they) also launch the Bitcoin blockchain?

Like: Peter Higgs founded the Higgs particle in theory, but he didn’t find the actual particle…

I’ve forgotten my wallets password. Luckly I haven’t got any bitcoins yet, still reading about bitcoins. My question is, now do I reset or create a new password for my wallet?

I understand the idea behind ‘bid walls’, but on Kraken, prices are being kept low through the use of ‘sell walls’. The volume on this exchange is too low to have a chance of getting through these walls, even when prices on other exchanges are skyrocketing. Every so often, when the price falls a bit, up comes a new ‘buy wall’ keeping it there. The price on Kraken falls when other markets fall, but gets stopped at the wall on the way back up. I am curious to know what the strategy behind this tactic could be.

Added 21 Nov for elucidation

On this small volume exchange, a 30 BTC ask equals 10% of the 24hr. volume. It is the equivalent of a 4500 BTC ask on Bitstamp. It alters the way bidders approach the market. When you see such a wall sitting just above the current price, you can be sure the price will not be rising beyond it for at least the next few hours.

I watched this person re-position this block four times over the course of the day. Each time, lowering it to sit just above the current bid price. It was altering the dynamics of this small volume exchange.

I am not asking for you to read anyone’s mind. I was baffled by this behavior. I had not seen this strategy before. I thought that there must be some method to this madness, but I could not see what I might be. I thought that somewhere in the collective experiences of Stack Exchange there might be someone who was familiar with this strategy and might be able to provide some insight, not necessarily on this person’s behavior, but on the theory behind the strategy being employed. Assuming, of course, that there is one.