[SOLVED] Bitcoin's chicken and egg problem

cytokine

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Quote from: triplehelix on March 04, 2012, 10:02:59 PM

Quote from: Daily Anarchist on March 04, 2012, 09:49:08 PM

Could somebody feasibly make a living playing online computer games? Slaying dragons and such all day, gaining armor and weapons, selling weapons for Bitcoins, and on and on? That's badass!

in some asian countries, pro video gamers are treated like rock stars.

Ever heard of SlayerS_Boxer?

btcx

vip

Activity: 302

Merit: 253

Quote from: cbeast on May 31, 2012, 08:59:12 PM

Quote from: LightRider on May 31, 2012, 08:55:07 PM

Quote from: proudhon on May 31, 2012, 08:50:51 PM

Quote from: LightRider on May 31, 2012, 08:40:56 PM

How long does it take for a bitcoin transaction to be executed? Specifically a withdrawal to a private wallet?

The transaction is executed almost instantly. It might take 10 minutes or more for the transaction to appear in a solved block, and it could take an hour or more before the transaction has the standard 6 confirmations (it's found in 6 solved blocks) to consider it fully verified.

Forgive me, I did not give the proper context. I was referring to when it is executed on Ogrr's server. I executed a btc withdrawal nearly an hour ago and the transaction has not yet been seen on the bitcoin network in general, nor my client specifically.

IIRC Ogrr does not use Bitcoin for trades. It uses internal credits. Bitcoin transactions in and out of Ogrr are done manually.

what's the difference? 1000 mBTC = 1 Bitcoin. Yes, a human must manually approve any Bitcoin in/out. This will become faster when we can afford to have someone around 24/7, but it shouldn't ever take more than 12 hours and in most cases it'd be processed in less than 1 hour. Think of it as incentive to leave some credit in the system Wink

justusranvier

legendary

Activity: 1400

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Maybe it's just me but talking about six confirmations seems like overkill unless someone is worried about a ridiculously large transaction.

How much money would someone need to spend on hardware and electricity these days to have a even chance of reversing a single confirmation?

cbeast

donator

Activity: 1736

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Let's talk governance, lipstick, and pigs.

Quote from: LightRider on May 31, 2012, 08:55:07 PM

Quote from: proudhon on May 31, 2012, 08:50:51 PM

Quote from: LightRider on May 31, 2012, 08:40:56 PM

How long does it take for a bitcoin transaction to be executed? Specifically a withdrawal to a private wallet?

The transaction is executed almost instantly. It might take 10 minutes or more for the transaction to appear in a solved block, and it could take an hour or more before the transaction has the standard 6 confirmations (it's found in 6 solved blocks) to consider it fully verified.

Forgive me, I did not give the proper context. I was referring to when it is executed on Ogrr's server. I executed a btc withdrawal nearly an hour ago and the transaction has not yet been seen on the bitcoin network in general, nor my client specifically.

IIRC Ogrr does not use Bitcoin for trades. It uses internal credits. Bitcoin transactions in and out of Ogrr are done manually.

LightRider

legendary

Activity: 1500

Merit: 1022

I advocate the Zeitgeist Movement & Venus Project.

Quote from: proudhon on May 31, 2012, 08:50:51 PM

Quote from: LightRider on May 31, 2012, 08:40:56 PM

How long does it take for a bitcoin transaction to be executed? Specifically a withdrawal to a private wallet?

The transaction is executed almost instantly. It might take 10 minutes or more for the transaction to appear in a solved block, and it could take an hour or more before the transaction has the standard 6 confirmations (it's found in 6 solved blocks) to consider it fully verified.

Forgive me, I did not give the proper context. I was referring to when it is executed on Ogrr's server. I executed a btc withdrawal nearly an hour ago and the transaction has not yet been seen on the bitcoin network in general, nor my client specifically.

Edit: I just noticed on the withdrawal page that there is a small notice that states it could take up to 24 hours due to manual admin approval. Apologies again for not seeing it before.

proudhon

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Activity: 2198

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Quote from: LightRider on May 31, 2012, 08:40:56 PM

How long does it take for a bitcoin transaction to be executed? Specifically a withdrawal to a private wallet?

The transaction is executed almost instantly. It might take 10 minutes or more for the transaction to appear in a solved block, and it could take an hour or more before the transaction has the standard 6 confirmations (it's found in 6 solved blocks) to consider it fully verified.

LightRider

legendary

Activity: 1500

Merit: 1022

I advocate the Zeitgeist Movement & Venus Project.

How long does it take for a bitcoin transaction to be executed? Specifically a withdrawal to a private wallet?

btcx

vip

Activity: 302

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Quote from: LightRider on May 06, 2012, 06:29:36 AM

Thank you to jesse for resolving my issue.

you're welcome. Thank you for being patient

LightRider

legendary

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I advocate the Zeitgeist Movement & Venus Project.

Thank you to jesse for resolving my issue.

LightRider

legendary

Activity: 1500

Merit: 1022

I advocate the Zeitgeist Movement & Venus Project.

Quote from: Superior on May 04, 2012, 09:25:59 AM

Quote from: LightRider on April 29, 2012, 03:26:09 AM

Quote from: btcx on April 29, 2012, 01:57:40 AM

Quote from: LightRider on April 29, 2012, 01:39:43 AM

Quote from: btcx on April 29, 2012, 12:18:16 AM

Quote from: LightRider on April 28, 2012, 11:51:38 PM

I've had a serious bitcoin related issue with Ogrr for the last month or so, and have not gotten any help or responses from the admins there. Hopefully it's an unusual circumstance, but it doesn't look good.

this is news to me. admin's mailbox is empty. how have you gone about seeking help for your problem, and what is your problem?

I've messaged superior and killbill and have received no response. I just messaged admin, but I have no record of the message being sent.

Admin hasn't received any messages. you can pm me the problem here or post it publicly here or on Ogrr.

I sent another message to admin, it should be there now. I still don't understand why the other board admins/mods didn't get back to me about this issue.

From what user account did you send me a message?

Superior

newbie

Activity: 21

Merit: 0

Quote from: LightRider on April 29, 2012, 03:26:09 AM

Quote from: btcx on April 29, 2012, 01:57:40 AM

Quote from: LightRider on April 29, 2012, 01:39:43 AM

Quote from: btcx on April 29, 2012, 12:18:16 AM

Quote from: LightRider on April 28, 2012, 11:51:38 PM

I've had a serious bitcoin related issue with Ogrr for the last month or so, and have not gotten any help or responses from the admins there. Hopefully it's an unusual circumstance, but it doesn't look good.

this is news to me. admin's mailbox is empty. how have you gone about seeking help for your problem, and what is your problem?

I've messaged superior and killbill and have received no response. I just messaged admin, but I have no record of the message being sent.

Admin hasn't received any messages. you can pm me the problem here or post it publicly here or on Ogrr.

I sent another message to admin, it should be there now. I still don't understand why the other board admins/mods didn't get back to me about this issue.

From what user account did you send me a message?

btcx

vip

Activity: 302

Merit: 253

Quote from: LightRider on April 29, 2012, 03:26:09 AM

I sent another message to admin, it should be there now. I still don't understand why the other board admins/mods didn't get back to me about this issue.

maybe they didn't get your other messages either.

LightRider

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Activity: 1500

Merit: 1022

I advocate the Zeitgeist Movement & Venus Project.

Quote from: btcx on April 29, 2012, 01:57:40 AM

Quote from: LightRider on April 29, 2012, 01:39:43 AM

Quote from: btcx on April 29, 2012, 12:18:16 AM

Quote from: LightRider on April 28, 2012, 11:51:38 PM

I've had a serious bitcoin related issue with Ogrr for the last month or so, and have not gotten any help or responses from the admins there. Hopefully it's an unusual circumstance, but it doesn't look good.

this is news to me. admin's mailbox is empty. how have you gone about seeking help for your problem, and what is your problem?

I've messaged superior and killbill and have received no response. I just messaged admin, but I have no record of the message being sent.

Admin hasn't received any messages. you can pm me the problem here or post it publicly here or on Ogrr.

I sent another message to admin, it should be there now. I still don't understand why the other board admins/mods didn't get back to me about this issue.

btcx

vip

Activity: 302

Merit: 253

Quote from: LightRider on April 29, 2012, 01:39:43 AM

Quote from: btcx on April 29, 2012, 12:18:16 AM

Quote from: LightRider on April 28, 2012, 11:51:38 PM

I've had a serious bitcoin related issue with Ogrr for the last month or so, and have not gotten any help or responses from the admins there. Hopefully it's an unusual circumstance, but it doesn't look good.

this is news to me. admin's mailbox is empty. how have you gone about seeking help for your problem, and what is your problem?

I've messaged superior and killbill and have received no response. I just messaged admin, but I have no record of the message being sent.

Admin hasn't received any messages. you can pm me the problem here or post it publicly here or on Ogrr.

LightRider

legendary

Activity: 1500

Merit: 1022

I advocate the Zeitgeist Movement & Venus Project.

Quote from: btcx on April 29, 2012, 12:18:16 AM

Quote from: LightRider on April 28, 2012, 11:51:38 PM

I've had a serious bitcoin related issue with Ogrr for the last month or so, and have not gotten any help or responses from the admins there. Hopefully it's an unusual circumstance, but it doesn't look good.

this is news to me. admin's mailbox is empty. how have you gone about seeking help for your problem, and what is your problem?

I've messaged superior and killbill and have received no response. I just messaged admin, but I have no record of the message being sent.

btcx

vip

Activity: 302

Merit: 253

Quote from: LightRider on April 28, 2012, 11:51:38 PM

I've had a serious bitcoin related issue with Ogrr for the last month or so, and have not gotten any help or responses from the admins there. Hopefully it's an unusual circumstance, but it doesn't look good.

this is news to me. admin's mailbox is empty. how have you gone about seeking help for your problem, and what is your problem?

LightRider

legendary

Activity: 1500

Merit: 1022

I advocate the Zeitgeist Movement & Venus Project.

I've had a serious bitcoin related issue with Ogrr for the last month or so, and have not gotten any help or responses from the admins there. Hopefully it's an unusual circumstance, but it doesn't look good.

HostFat

staff

Activity: 4270

Merit: 1209

I support freedom of choice

maxbtc.com is now integrated with ogrr, so you don't need anymore an admin to fund your account

EDIT:
I was wrong, maxbtc.com is just a pool Sad

triplehelix

member

Activity: 84

Merit: 10

you guys need to find a way to more actively recruit.

Superior

newbie

Activity: 21

Merit: 0

Quote from: N12 on March 20, 2012, 05:13:37 AM

Quote from: Superior on March 20, 2012, 03:49:39 AM

We removed a bunch of forums and made the main-page a lot smaller for now, we are still working on some stuff improve the main-page.

You can see a members mBTC in their profile or right under the avatar in any thread.

I noticed that! Good job for listening to the advice and truncating it even further now, I think bitplane was right on that. The Bitcoin forums evolved the same way, and now it has lots of subforums. With this kind of ambition, I’m pretty sure ogrr will do well.

BTW, I saw you had a nice contest for banners and used it for a favicon, do you plan to place that on the front as well?

This thread has been useful for us and I agree bitplane posts was really on spot and we are grateful for any input we get.
Yeah. I can't say we are 100% certain on what logo we will end up finally using yet, there will be a logo placed on the front and we are also working on a front-page.

Topic: [SOLVED] Bitcoin's chicken and egg problem (Read 15250 times)