Post
Topic
Board Beginners & Help
Re: Trying To Understand How Transactions Work
by
Cataclysmic
on 13/08/2012, 01:29:31 UTC
The .0003 never really left your wallet.
Are you sure?  If it never left my wallet, how did the transaction end up in the blockchain?

It may have gotten shifted around to other addresses in your wallet internally but all the coins are still there.
Is there any way that I can see which addresses in my wallet the 0.0003 got shifted to and from?

As for the size limit, it was really that your transaction was too small that probably triggered your client to request a transaction fee. The other reason would be the actual physical size in KB or a transaction being large, but your transaction shouldn't have been large in that way because it wasn't very complex.

Thanks for speculating on why I may have had to pay a fee.  I hope the creators of the wallet realize that their error message is not helpful, and that they fix it... actually, I'm going to email them about it right now.  The disregard in the bitcoin community for the usability needs of non-programmers is what I fear may be bitcoin's downfall Sad

Question #2: No, you cannot specify which addresses to transfer out of. I'm not even sure there are any clients that allow you to do this, but certainly not in the default client.

Question #3: I believe this was already answered, but I would add that 10 minutes is the goal the system tries to do. The Difficulty is adjusted upwards or downwards every so often to try to make it take 10 minutes. This is to keep the creation of new BTC on pace as designed.

Thanks for those answers.