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asta1 |
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asta1 Scooby Slapper
Joined: 03 Dec 2015 Karma :
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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Posted: 21:03 - 01 Feb 2018 Post subject: |
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If you send coins with a the transaction fee set too low (or as zero) then after a week it'll be rejected and returned to your wallet so it wasn't that.
And there's stuff like this so you if you send coins with the trsnsaction fee too low, you can 'cancel' it rather than having to wait a week:
"A transaction's state is binary in regard to the current chain tip. Either it's confirmed and thus the money has changed hands, or it's unconfirmed and the money is still in the sender's wallet.
Thus if a transaction is never confirmed, the money is still the sender's. Since this question was asked, the block space demand has grown towards the block size limit, and most wallets have added support to rectify such a situation. For example Bitcoin Core added the calls -abandontransaction and -zapwallettxes, and will now activate Opt-in RBF with the coming 0.14.0 release, Electrum has added Opt-in RBF a while back already, Bitcoin Wallet app allows you to rescan the chain and thus forget unconfirmed transactions, etc.
However, one thing that you should keep in mind is that any signed transaction is still valid until at least one of the used inputs is spent in another transaction. Should the fee levels drop too much lower levels later, your transaction could still get confirmed if anyone rebroadcasts it. Therefore, after a failed transaction, you might want to make sure that you move all involved coins once."
I reckon he just chanced his luck with setting a tiny transaction fee and hoping that the thieves weren't planning on waiting around for the transaction to be confirmed on the network. |
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Pjay |
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Pjay World Chat Champion
Joined: 18 Jan 2016 Karma :
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Posted: 21:32 - 01 Feb 2018 Post subject: |
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That's another badly reported article regarding Bitcoin, from the mainstream media.
India have declared Bitcoin not legal tender. They want to look at ways of tackling illegal uses but they have no intention of banning legal use.
Direct from the Budget speech:
Distributed ledger system or the block chain technology allows organization of any chain of records or transactions without the need of intermediaries. The Government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system. The Government will explore use of block chain technology proactively for ushering in digital economy.
That is the entirety of talk on Crypto at the Budget. All reporting of anything more is bullshit. ____________________ struan80 - I'll go first - satisfied tick 1 |
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asta1 |
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asta1 Scooby Slapper
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Pjay |
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Pjay World Chat Champion
Joined: 18 Jan 2016 Karma :
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Posted: 21:40 - 01 Feb 2018 Post subject: |
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Ste wrote: | If you send coins with a the transaction fee set too low (or as zero) then after a week it'll be rejected and returned to your wallet so it wasn't that.
And there's stuff like this so you if you send coins with the trsnsaction fee too low, you can 'cancel' it rather than having to wait a week:
"A transaction's state is binary in regard to the current chain tip. Either it's confirmed and thus the money has changed hands, or it's unconfirmed and the money is still in the sender's wallet.
Thus if a transaction is never confirmed, the money is still the sender's. Since this question was asked, the block space demand has grown towards the block size limit, and most wallets have added support to rectify such a situation. For example Bitcoin Core added the calls -abandontransaction and -zapwallettxes, and will now activate Opt-in RBF with the coming 0.14.0 release, Electrum has added Opt-in RBF a while back already, Bitcoin Wallet app allows you to rescan the chain and thus forget unconfirmed transactions, etc.
However, one thing that you should keep in mind is that any signed transaction is still valid until at least one of the used inputs is spent in another transaction. Should the fee levels drop too much lower levels later, your transaction could still get confirmed if anyone rebroadcasts it. Therefore, after a failed transaction, you might want to make sure that you move all involved coins once."
I reckon he just chanced his luck with setting a tiny transaction fee and hoping that the thieves weren't planning on waiting around for the transaction to be confirmed on the network. |
He could have sent them from an Exchange. A couple I use need you to verify any withdrawals with an email verification.
Sending them to the address they said to, then shown the transaction as pending, then they sod off thinking they have to wait a few hours and the jobs done. ____________________ struan80 - I'll go first - satisfied tick 1 |
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Pjay |
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Pjay World Chat Champion
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asta1 |
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asta1 Scooby Slapper
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Pjay |
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Pjay World Chat Champion
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asta1 |
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asta1 Scooby Slapper
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Pjay |
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Pjay World Chat Champion
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 22:48 - 01 Feb 2018 Post subject: |
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So, did the BTC price plummet because India are banning it, or because most Bitcoin speculators are idiots? ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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Posted: 22:57 - 01 Feb 2018 Post subject: |
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Price crashing after a high has happened before, is happening now and will happen again in the future.
The pertinent question is just how low is the price going to go this time before the next period of sustained growth
I notice that the "become a bitcoin millionaire" adverts on the facebooks have stopped. |
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Sload |
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Sload World Chat Champion
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Jewlio Rides Again LLB |
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Jewlio Rides Again LLB World Chat Champion
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Posted: 23:04 - 01 Feb 2018 Post subject: |
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XMR is at a good buying price ____________________ Mpd72: I can categorically say i’m Brighter than that, no matter how I come across on here.
HAHAHA HAHAHA Blew Chilly MyCrowSystems |
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The Artist |
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The Artist Super Spammer
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asta1 |
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asta1 Scooby Slapper
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Pjay |
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Pjay World Chat Champion
Joined: 18 Jan 2016 Karma :
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Posted: 13:46 - 02 Feb 2018 Post subject: |
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asta1 wrote: | Pjay wrote: |
So you ignore the fact that he has said they are not banning legal use or exchanges?
Fair enough. |
Show me where he says they aren't banning legal use? I see much prevarification and very little firm commitment either way. Also depends on what you define as legal 'use'.
Seems, as you say, that exchanges will remain open, so you can use a local currency to buy crypto still, but it seems very clear indeed (assuming what he says is in fact what he means and... politician) that using crypto-coins as a currency, as a token of exchange for goods and services within India will be banned.
So, they're allowing crypto speculation (you can buy and sell the coins for the local currency), but you can't then use the coins as currency. That is a legal use for crypto certainly, but it isn't the main use for a 'currency', if of course you view crypto coins as such. |
You're mistaking being legal tender with being legal to use as a currency.
Crypto are not legal tender in the UK, we can still use them as currency. In fact, the only place they are legal tender is Japan.
India have no plans to make crypto illegal. The article I pointed you to explains that the payments system also bans gold. It's not illegal to use or trade gold in India.
Let's just leave it at that, as you think they are banning and I don't.
If they do indeed ban crypto outright, you will be right. If they dont then I am. Your constant reliance on a very small and ambiguous sentence is draining my will to explore this any further. ____________________ struan80 - I'll go first - satisfied tick 1 |
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 14:16 - 02 Feb 2018 Post subject: |
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Pjay wrote: | the only place they are legal tender is Japan. |
If I'm fined by a Japanese court for a cultural misunderstanding with a schoolgirl, I can pay in BTC?
Interesting, if true.
Of course, it's not true.
No, really, it's not. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike
Last edited by Rogerborg on 14:19 - 02 Feb 2018; edited 1 time in total |
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Pjay |
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Pjay World Chat Champion
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Rogerborg |
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Rogerborg nimbA
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Posted: 18:45 - 02 Feb 2018 Post subject: |
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Leaving aside the fact that it's not legal tender, I'll just go ahead and have a good chuckle at the thought of Kyocera-san advertising their salaries in BTC rather than Yen.
That'll be the measure of when it's a real currency. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike
Last edited by Rogerborg on 22:57 - 02 Feb 2018; edited 1 time in total |
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Jewlio Rides Again LLB |
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Jewlio Rides Again LLB World Chat Champion
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Posted: 18:48 - 02 Feb 2018 Post subject: |
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Anyone buy Monero today at £130ish? ____________________ Mpd72: I can categorically say i’m Brighter than that, no matter how I come across on here.
HAHAHA HAHAHA Blew Chilly MyCrowSystems |
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 09:50 - 05 Feb 2018 Post subject: |
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Facebook bans[*] crypto.
Lloyds bans[*] crypto.
UK and EU to ban[*] crypto.
Deffo buy into funny money that relies completely on a shared delusion in order to be worth anything. What could go wrong?
[*] I've simplified the situation somewhat for the benefit of crypto-speculators, given their demonstrable inability to comprehend or react rationally to nuances in news such as India "banning" crypto. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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Pjay |
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Pjay World Chat Champion
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Rogerborg |
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Rogerborg nimbA
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Posted: 10:19 - 05 Feb 2018 Post subject: |
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https://i.imgur.com/XUyTZHY.png ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike
Last edited by Rogerborg on 10:34 - 05 Feb 2018; edited 1 time in total |
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Pjay |
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Pjay World Chat Champion
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Old Thread Alert!
The last post was made 6 years, 80 days ago. Instead of replying here, would creating a new thread be more useful? |
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