LOL! Oops!


Ok. Thanks. That clears things up a lot.


Ok.

Thank you so much for the knowledge!

What is the impact of the double spend? Will minors ignore both transactions because of the double spend? Or will they (eventually) include one of them in a block?

I've submitted my tx to the first thread. Thanks for the links.

Can you please accelerate this transaction?

https://blockchain.info/tx/bf81a31b15c1679a0057f0c285c7c0cd0b9eb6f749dd75063bce9f7913a5bc6a

Thanks!

Re: 2BTC, I know!

Re: the size of the fees, true, but here's the most recent transaction I sent prior to this and had no difficulty. And it's at 54 sats/byte.

https://blockchain.info/tx/eb479741b1ef7fcd6a434698c3d507ee67269b24b8e363d2d13a12538c64ee7e

That one got confirmed in about 5 mins. That's why I chose the size I did.  Clearly this was a mistake.

The question is this: is there anything I can do about this?  I tried confirmtx and viabtc. The former accepted it but I expected it to ask me for money since the size of the TX >400b, but it never did. I assume that means that confirmtx didn't actually queue the transaction. ViaBTC keeps saying "Submissions are beyond limit" which I presume means that they've taken their 100 submissions for the hour and I have to wait.

Do I have any other options?

So I suspect that what I'm going to describe below is pretty stupid. I’m just hopeful that there is some way that you can help me.  Here’s what I did.
 
I make a regular donation to a charity. In May I decided I was going to put this donation into bitcoin and then around Christmas time give the charity whatever amount that turned into. Well it’s December and I need to convert this bitcoin into USD so that I can give it to them. I did ask if they took bitcoin directly but they did not have any way to handle that. So my only option was to convert to USD.
 
I stored the bitcoin in one of the accounts in my KeepKey accounts and I generally access my KeepKey using Mycelium on my android phone. I got an address from GDAX and then created a TX to send. I chose a low miner fee of 47 sats/byte thinking that this would confirm in a few hours.
 
Well 6 hours later it hadn’t confirmed and I was getting impatient. So I tried to create a CPFP transaction w/Mycelium to push it through. But I didn’t have enough funds remaining in the account.
 
And this is the part where the stupidity starts to overflow.
 
I decided that since the TX hadn’t confirmed yet, I could just delete it from the wallet, get a new address from GDAX, create a new TX with a higher fee and send it. Which is exactly what I did. This time choosing 158 sats/byte. But the 2nd transaction never showed up on blockchain.info. And when I checked on different block explorers only one showed the transaction: blockcypher. And it showed it as being a double spend.
 
My guess is that the 2nd transaction hasn’t been propagated to the rest of the network.
 
So now I’m stuck. I’ve got one transaction out there that's been unconfirmed for about 20 hours, and a second transaction that's not propagated to the network. And, interestingly, when I plug my KeepKey into the "official" KeepKey wallet, it sees the first unconfirmed TX. But Mycelium sees the 2nd one.

What options do I have? Do I just wait? Will the 1st TX eventually confirm? Or are minor's rejecting it b/c they see a double spend attempt?

Here's the first TX that's visible just about everywhere:
https://blockchain.info/tx/bf81a31b15c1679a0057f0c285c7c0cd0b9eb6f749dd75063bce9f7913a5bc6a

Here's the 2nd TX that's only visible on blockcypher:
https://live.blockcypher.com/btc/tx/4fea38ab032d7d2ae11940952b518628e7fe6bf530855bc15a46027385a6e634/

I think I figured out what these are. They're available via setting a non-default BIP44 account numbers. So account number = 0 is the default wallet.
Account number = 1 is the first sub-wallet, 2 is the 2nd sub-wallet, etc.

So to import these sub wallets into Electrum I end up one electrum wallet for every "sub wallet" that I have on blockchain.info.

Thanks for the reply. Unfortunately that doesn't really answer the question. I've already copied my seed into Electrum. That is the only seed available in the wallet that I can find. But blockchain allows me to create these other "addresses" that do not appear to be part of the seed.

I can't figure out how to backup those other "sub wallets". There's only one seed available.

What I might just have to do is create several Electrum wallets and then send the bitcoin to those wallets. But then that creates a different problem. I like the simplicity of using Blockchain.info. I like that it's available to me anywhere, anytime. But I also want the ability to transact if blockchain is down or they decide that I'm not compliant with their TOS.  So I have Electrum where I have complete control of my keys w/o having to rely on Blockchain.

The problem is that I don't understand what these things are in blockchain. These other addresses appear to be part of blockchain's HD wallet. But when I use the seed in Electrum it doesn't see them.

What I may have to do to get the exact functionality I want is create full blockchain wallets for each and not use these sub-wallets. And then export the seed from the full wallet into seperate Electrum wallets.

I guess I was hoping that someone here better understood what these things are.

Hi,

I use blockchain.info. And they have a feature that allows me to create what I think of as "sub wallets". I can then store different bitcoin balances in each of those sub wallets.

I have imported my blockchain.info seed into Electrum. I did this so that I can still transact my bitcoin in the event that blockchain.info is down. However, I'm not seeing any of the transactions or balances on the other "sub wallets". I can only see transactions and balance on my "main" blockchain wallet.

How do I get Electrum to recognize these "sub wallets"?

Thanks,

Hi,

I use blockchain.info and I've been able to create what I think of as "sub wallets" within the main wallet. The idea being that I might store different bitcoin used for different purposes in each subwallet and then be able to track balances for each purpose.

I also use the seed from blockchain.info in a desktop wallet (Electrum) in the event that blockhain.info has some availability problem. (Yes I know there's a risk doing this.)

The problem is that the "sub wallet" addresses don't appear to be showing up in Electrum. And as a consequence Electrum only has the balance of the default blockchain.info wallet.

Does anyone know what these "sub wallets" are and how I would make sure that they show up in Electrum?

I get to them by going here: https://blockchain.info/wallet/#/settings/addresses

Thanks.

I haven't read all 47 (!) pages of this thread. But from a fairly short perusal of the content, I don't see anyone mentioning that banks primary function is to match savers with borrowers. Meaning that they pay a percentage of interest to savers and then charge a higher percentage to people who borrow that money. And they take on the default risk for the loans without (directly) passing that risk on to their depositors.

I'm unaware of how bitcoin eliminates those functions. Imagine a world in which we only had bitcoin. There would still be a desire for some people to save and other people to borrow. Consequently something will emerge that provides those services. I suspect it will look a lot different than today's banks, but I'm guessing that most people will still call it a bank because it will provide all of the functions that they typically associated with a bank.

Ahh... thank you. That makes sense.

I didn't realize that Andreas' book was free online. I bought a copy on amazon:

http://www.amazon.com/gp/product/1449374042

It's pretty good. I have only been through it once. It's pretty dense with information. I probably need to re-read it to re-assimilate what I glossed over the first time.

I must not have stated my question clearly. I'm interested in knowing whether or not my landlord can traceback the coins that I sent him/her and then use that traceback to determine how much I was paid by my employer.

I'm trying to ask theoretical question about bitcoin transaction traceability and what it reveals about me as someone who transacts in bitcoin.

Ok. So I just finished reading "Mastering Bitcoin". And I'm a little confused about transaction privacy.

I understand that I should always use a new bitcoin address every time that I receive or send bitcoin. I think I understand the reason: because if I pay my rent using the same bitcoin address that I use to receive my salary, my landlord could go to the blockchain and see how much money I receive into that address and thus change my rent accordingly.

But I'm a little confused as to how my landlord isn't able to know this even if I use a new bitcoin address.

When I send bitcoin to my landlord, my landlord can be confident that I'm not double spending some money because his wallet can trace back the origin of the of the money I sent and verify that it's not already been spent. As I understand it, the whole beauty of bitcoin is that anyone can trace back all transactions to the coinbase that created them to confirm that double spending hasn't occurred. This is one of the functions of being a node on the network.

Well if that's true, can't my landlord trace back the transaction chain one level deeper to see how much was sent to me? If I pay my landlord with bitcoin that came to me via my salary, then isn't my landlord going to be able to see my salary amount from the previous transaction in the chain?

Even if all new addresses are used in my next paycheck:

a) from my employer
b) to me
c) from me
d) to my landlord

Can't my landlord just simply trace back one transaction to see how I received that bitcoin, and then make some assumptions about my salary?

I must be missing something. Am I missing something?

Thank you.

I have downloaded and installed the 0.12 bitcoin core client and am running it on my very old linux server at my home.  I'm doing this not because I expect to win any BTC doing this. I'm doing it because I want to participate in the network. In the hopes that I would actually help in some way.

But it strikes me that all of my CPU cycles will simply be wasted if I never contribute a winning block. Basically, at this point, my server will receive and forward transactions across the network and that's it.

Two basic questions:

• Apart from forwarding transactions, is there any value in my running the code?
• If not, is there a way to disable mining and just do transaction forwarding?

Thanks.