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Topic: [BETA] SMPAKE.com - we wait, so you don't have to [MTG deposit W 1 confirm] - page 3. (Read 5823 times)

donator
Activity: 21
Merit: 0
Quote
If after 10 minutes there is no uncofirmed tx detected, offer will be closed and if coins hit that address at a later time, (at the moment) nothing will happen automagically. (coins are not lost)

Sorry, not sure I follow "(at the moment) nothing will happen automagically. (coins are not lost)"

The reason I ask is this would be super nice for non-MtGox-Exchange -> MtGox transfers, but I can't ensure the exchange would send within 10 minutes.
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.
Currently supported shortcuts:
-from: your wallet
--to: MtGox deposit address
--to: MtGox voucher code

I tested both these methods - had my MtGox account credited, and a MtGox code in under 10 minutes. Super slick! I'm sure this will be extremely useful and popular.

Can you comment on your risk involved in accepting 1-confirm transactions?

Thanks! And about the risk, well, I think its worth taking. Smiley

Quote
If no deposit is detected on the network in 10 minutes, offer will be closed.

What happens if the deposit comes in to that address after 10 mins?

Transaction is normally detected on the network in a few seconds after being sent. We are not talking about confirmations here.
If after 10 minutes there is no uncofirmed tx detected, offer will be closed and if coins hit that address at a later time, (at the moment) nothing will happen automagically. (coins are not lost)
I don't think this would cause problems, just send coins when you request new transaction, if you missed the window, request new tx.
This is still beta and I am here to make things better. If this is going to cause issues we can work around it.


Am I understading right, fee = 2 satoshis, 0.00000002 BTC?

Yes! SMPAKE is still in beta (also the reason low limits are in place) and I'll be keeping low low fees as long as possible!
hero member
Activity: 812
Merit: 1006
Am I understading right, fee = 2 satoshis, 0.00000002 BTC?
donator
Activity: 21
Merit: 0
Quote
If no deposit is detected on the network in 10 minutes, offer will be closed.

What happens if the deposit comes in to that address after 10 mins?
donator
Activity: 289
Merit: 250
Currently supported shortcuts:
-from: your wallet
--to: MtGox deposit address
--to: MtGox voucher code

I tested both these methods - had my MtGox account credited, and a MtGox code in under 10 minutes. Super slick! I'm sure this will be extremely useful and popular.

Can you comment on your risk involved in accepting 1-confirm transactions?
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.
Hi,

http://smpake.com is here to cut short your wait time needed for your BTC deposits to get confirmed by the network. Now your funds can be usable with just 1 confirmation, go try it out!

Currently supported shortcuts:
-from: your wallet
--to: MtGox deposit address
--to: MtGox voucher code

Note: smpake is still in beta, limits and fees are set accordingly. Use smpake and help it get out of beta and to get more shortcuts added.

Also, you are welcome to use our API to connect smpake to your app.

Yes, SSL is comming as well.


Try it out, let me know what you think?

Yours trully,
kakobrekla

EDIT August 22:

Correct and congrats to us, we hit 100 completed transactions without any major hiccups! Smiley

The winners:
1st place, 1 BTC goes to: 18614ehsU2YsozWqP6SxH36kjHH8ZeGpLX (SHA256 IP: 73e5411ffa079f6eaab6f18756533f360a443b7162d4781b8dcbda3065b4190b)
2nd place, 0.5 BTC goes to: 15cJptvZni4tnSRMUWtqSJpuuwUZLBWfuf (SHA256 IP: 58a63661f8ef1b0dbce803ab5eb5b0b55420c7a98647ca9d11ad79294f5e9d9a)
3rd place, 0.1 BTC goes to: 1C2CZgWBGsEaQUCuiT9Q4Dy6LmaC7MNr9J (SHA256 IP: 013fc07023d3ce7572a9e5960f4a2d2bd840a2d35786b6c0ec70353306ed7a57)

Your rewards have been sent accordingly, enjoy!






EDIT August 29:

Major upgrade on site, we now support permanent links for your 1 confirmation deposits! More information FAQ http://smpake.com/faq.php




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