Topic: [ANN] GLBSE hot wallet empty, withdrawals delayed (Read 2048 times)
I like the idea of people covering the hot wallet deposits for the fee.
A secure longer term solution could be simply paying out only of cold storage a few times per day.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
Trying to run a pirate pass though when the delay is 24 hours is massive fail if we have to pay out 6.8%
Any thoughts?
In the "just crazy enough to work" line of thought, if there was a hot wallet fee, why not alert and allow other people to add funds to the hot wallet to claim the fee for themselves. The setup and implementation would be a pain more than likely, but it might lower the time for the wallet to fill up again. (The fee should keep people from gaming the system).
A secure longer term solution could be simply paying out only of cold storage a few times per day.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
Trying to run a pirate pass though when the delay is 24 hours is massive fail if we have to pay out 6.8%
Any thoughts?
Do you think that would introduce a security risk ?
A secure longer term solution could be simply paying out only of cold storage a few times per day.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
Trying to run a pirate pass though when the delay is 24 hours is massive fail if we have to pay out 6.8%
Any thoughts?
A secure longer term solution could be simply paying out only of cold storage a few times per day.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
Trying to run a pirate pass though when the delay is 24 hours is massive fail if we have to pay out 6.8%
Any thoughts?
A secure longer term solution could be simply paying out only of cold storage a few times per day.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
The insecure alternative would be only operating a hot wallet.
Is it really that necessary to have bitcoins confirmed in your wallet in ~1 hour? Within 24h would be fine for me as well, if it is more secure and it would still be faster than bank transfers.
Also P2SH might be interesting to evaluate, though I still haven't seen some real implementations of that... considering Gavin was acting as if it has to be done asap and better yesterday than today, it seems a little bit weird in hindsight.
Update, wallets empty again.
I have opened a support ticket for 5 days with Nefario. Do anybody know what is happening?
He got back to me today.
Thank you Nefario.
I don't understand, why post this here? When you have issues like this you're supposed to keep them on the down low until enough people start complaining, and then blame them until you have time to resolve the situation. Geez, you brown nosers are going to give everyone else a bad name. 
LOL sorry I found this funny
.Yes, +1 Thank you for being open and public about issues. That is very important to many of us.
I have opened a support ticket for 5 days with Nefario. Do anybody know what is happening?
I just had a withdrawal go through in reasonable time, so I assume these issues have now been dealt with. Can you provide an update, Nefario?
I don't understand, why post this here? When you have issues like this you're supposed to keep them on the down low until enough people start complaining, and then blame them until you have time to resolve the situation. Geez, you brown nosers are going to give everyone else a bad name.
LOL sorry I found this funny
.
Yeah I'd already downloaded the blockchain from sourceforge but it only goes up to March.
While doing this I did look at electrum but just got errors when I tried to send any coins, so that was a no go.
Personally I think the electrum model is the best but the client is not really usable at the moment.
While doing this I did look at electrum but just got errors when I tried to send any coins, so that was a no go.
Personally I think the electrum model is the best but the client is not really usable at the moment.
What kind of errors did you get?
I don't understand, why post this here? When you have issues like this you're supposed to keep them on the down low until enough people start complaining, and then blame them until you have time to resolve the situation. Geez, you brown nosers are going to give everyone else a bad name.
Yeah I'd already downloaded the blockchain from sourceforge but it only goes up to March.
While doing this I did look at electrum but just got errors when I tried to send any coins, so that was a no go.
Personally I think the electrum model is the best but the client is not really usable at the moment.
While doing this I did look at electrum but just got errors when I tried to send any coins, so that was a no go.
Personally I think the electrum model is the best but the client is not really usable at the moment.
As a stop-gap until scalability issues are sorted, this link can be faster than a standard download: http://eu1.bitcoincharts.com/blockchain/
However, you must rescan all addresses after importing that.
Coming from Bitcoincharts, I would consider it trusted.
However, you must rescan all addresses after importing that.
Coming from Bitcoincharts, I would consider it trusted.
Thanks for the update, that makes you a class act.
THis does point out a real problem though - I shouldn't have to download an entire 2.3 GB file to send a few coins when I have to reinstall a client. There should be trusted block chain that can be downloaded faster & validated, or the ability to validate needed chain pieces on a mirror.
THis does point out a real problem though - I shouldn't have to download an entire 2.3 GB file to send a few coins when I have to reinstall a client. There should be trusted block chain that can be downloaded faster & validated, or the ability to validate needed chain pieces on a mirror.
There's an ongoing discussion about this problem, I think they can use a hand: https://bitcointalksearch.org/topic/ultimate-blockchain-compression-w-trust-free-lite-nodes-88208
Thanks for the update, that makes you a class act.
THis does point out a real problem though - I shouldn't have to download an entire 2.3 GB file to send a few coins when I have to reinstall a client. There should be trusted block chain that can be downloaded faster & validated, or the ability to validate needed chain pieces on a mirror.
THis does point out a real problem though - I shouldn't have to download an entire 2.3 GB file to send a few coins when I have to reinstall a client. There should be trusted block chain that can be downloaded faster & validated, or the ability to validate needed chain pieces on a mirror.
Better then the risk of loss of coinage through a huge hot wallet though. 
Our hot wallet has run dry,
the timing of this has coincided with the messing up of the bitcoin client that normally handles our cold storage.
We have to wait for the blockchain to download before we're able to top up our hotwallet.
This means that all withdrawals are going to be delayed for 4 more hours at least (it's already been a little over 12 hours since this problem started).
All bitcoin that we've kept in coldstorage is perfectly safe, and this is nothing more than a delay.
Sorry for any trouble this may cause.
Nefario.
the timing of this has coincided with the messing up of the bitcoin client that normally handles our cold storage.
We have to wait for the blockchain to download before we're able to top up our hotwallet.
This means that all withdrawals are going to be delayed for 4 more hours at least (it's already been a little over 12 hours since this problem started).
All bitcoin that we've kept in coldstorage is perfectly safe, and this is nothing more than a delay.
Sorry for any trouble this may cause.
Nefario.
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