Re: BiblePay - New Coin Launch

So my wallet is not registering the new balance from the superblock payment. It shows balance 0 but the block explorer has the transaction. Confirmations are over 12 now. Any ideas ? I have imported the address in two separate computers so I know my private key works

EDIT: On further research it appears the balance is immature. I assume it will take 24 hours to mature (?)

It takes 102 blocks. You should be able to double click on the transaction to get more details on it if you're using the qt wallet.

Thanks! Why is it designed to be that way? Is it to ensure the address/balance is well known throughout the network and block chain?

https://bitcoin.stackexchange.com/questions/40655/coinbase-transactions-100-block-cooldown-period

This is probably better explained here than I could.

Perfect thanks! I figured it had something to do with how a transaction from the coinbase is different than peer-to-peer.

So I suppose this means the pool is always 12 hours behind a coin generated and why 24 hours is needed as an additional buffer to withdrawal