Questions about the supply side of crypto-currencies including the rate and mechanisms by which coins are made available or unavailable in the economy and the affect of the money supply on the value and usefulness of currencies.

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2
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1answer
116 views

Are there estimates on the geographical distribution of the bitcoin supply?

There are two similar question on the site: Is there data on the geographic distribution of bitcoin users? I am eager to know details about distribution of bitcoin The first is asking where the ...
3
votes
2answers
123 views

Can anyone point to flaws in my counter-arguments of bitcoin critiques? [closed]

Regarding the granularity problem: Here is a worst case scenario: M2 Monetary Supply is 66 trillion. If it all moved to BitCoin, each coin would be worth 3.1 million dollars. Math: ...
1
vote
1answer
98 views

Measuring total amount of Bitcoin in circulation

Since fractional reserve banking where money is created by lending is possible with Bitcoin is there a way it can be measured to give a total amount of money in the system? Such a measurement would ...
0
votes
1answer
131 views

Possible to temporarily reduce the supply of a cryptocurrency?

Does a cryptocurrency that can have its supply be reduced based on some factor currently exist? If not, is this possible? If so, how?
1
vote
1answer
87 views

If the supply of Bitcoin is regulated, how could it be said to be decentralized?

The minting of new bitcoins is deterministic, and there will eventually be a cap to the production of new bitcoins. Why do we say that bitcoins are a decentralized currency if they are created in such ...
2
votes
4answers
139 views

Why doesn't BTC depreciate in value as its supply increases?

The popular intuition is that that greater supply = less demand. I've looked around and haven't found a counter-argument. Why is the BTC gaining value as its quantity increases?
0
votes
1answer
192 views

Alternative: Mining scheme driven by logistic function

Could a mining scheme driven by logistic function bring a greater price (= exchange rate) stability to a crypto-currency in comparison to Bitcoin for example since it better models natural growth? ...
1
vote
3answers
265 views

Would it be feasible to attack the bitcoin network by buying and deleting large amounts of bitcoin?

Could a government, determined to stop bitcoins, just buy a lot of bitcoins and delete the wallet afterwards? Are the bitcoins gone then?
2
votes
1answer
275 views

What is the maximum amount of users bitcoin is ideally suited for?

In terms of user scalability, how many total users is the current bitcoin system best suited for? Example: The current bitcoin mining limit is set at 21 million, therefore the bitcoin ceiling does not ...
2
votes
1answer
155 views

How are Ripple transaction fees “destroyed?”

What is the exact process by which the transaction fees are "destroyed?" Are they sent to a special account, or simply erased from the ledger?
1
vote
1answer
182 views

How to create more ripples?

What is the exact procedure for creating more Ripple currency units (XRP) in excess of the default 100 billion that already exist?
2
votes
1answer
186 views

Is it possible to create more ripples? [duplicate]

Currently there are only 100 billion ripples (XRP), which are slowly being distributed, and a fraction of a ripple is destroyed with each transaction. In the future if we run out of ripples, or if ...
5
votes
1answer
619 views

Where, in the code, in the Satoshi client is 21 million cap implemented?

Which fragment of the Satoshi client is verifying if announced block has a valid reward? I mean, we now live in the 25 BTC reward period. I guess client after receiving a newly minted block, does ...
2
votes
3answers
258 views

What are the problems with normal currency that may be solved by using Bitcoins?

I've watched the video on weusecoins.com and read some of the FAQ, read information about wallets etc, but I still can't find any information about why we should use Bitcoins? What are the issues with ...
1
vote
2answers
370 views

Is it possible that the authors of Bitcoin have an alternative way of generating bitcoins?

Is it possible that the Bitcoin creator (or developers) have an algorithm that allows computers to generate coins easily, but intentionally published only the current difficult mining algorithms. And, ...
1
vote
0answers
95 views

Interpretation of first circa 70 000 blocks [closed]

I've sampled a significant number of the first circa 70 000 blocks to conclude that they all serve only to create Bitcoins (50 at a time). I will accept that my question does not have a factual ...
1
vote
1answer
245 views

When the last bitcoin is mined will everyone know it?

The total number of possible bitcoins is limited. This means that at some point the last bitcoin is mined and no more bitcoins will be mined after that moment. When this happens will we notice it and ...
4
votes
1answer
277 views

Can Ripple exist without ripples?

Can a system like Ripple exist without a currency like ripples? As they are not used to pay the peers in the system, and their supply / fee ratio is so large they do not appear to be stopping the ...
4
votes
1answer
320 views

What use are ripples?

In the Ripple system we have two types of currencies - ripples and all other currencies useful for transacting with people in your web of trust. Ripples are the only currency in the system that can be ...
6
votes
1answer
297 views

How divisible are ripples?

How divisible are ripples (XRP)? With 100 billion of the currency units being created at system inception one could assume that they are akin to satoshis, but during the operation of the system I ...
4
votes
1answer
431 views

How does one get money into the Ripple system?

How does one get money into the Ripple system? There appear to be ways how one can lend various currencies in the system, but how does one get non-debt money into Ripple?
9
votes
1answer
695 views

Does Ripple allow one to issue their own currency?

Does Ripple allow one to issue their own currency, similar to how ripples (XRP) were created at the system's inception?
3
votes
4answers
1k views

How is hoarding to be prevented?

If all humans used bitcoins now (Jan 2013) for most of their transactions, then a dollar would be worth about a billionth of a bitcoin (1/10 Satoshi). If bitcoins take ten years to catch on that ...
5
votes
3answers
461 views

Why is the supply of Bitcoin not pegged to its demand?

If it's supposed to be a decentralized currency, then why is it set to be capped at 21 million? What if that demand for Bitcoins exceeds 21 million but all of them are already purchased? Wouldn't it ...
2
votes
2answers
109 views

Has anyone patched the code to experiment with the currency supply model?

Since the supply model of a currency is a key factor in it's economic properties, I think it would be interesting to experiment with supply models that could be changed easily. It could perhaps then ...
8
votes
4answers
4k views

How to overcome the 21M limit of Bitcoins as adoption increases?

Are there any ways to increase the Bitcoin maximum coin limit, as a wider adoption would mean there would be a lot of real money chasing fewer number of coins? Also can one hold a fraction of a coin? ...
13
votes
1answer
216 views

Why are the mining rewards set to reduce in such dramatic steps?

The mining rewards are scheduled to drop from 50btc to 25btc. The next drop again will be from 25 to 12.5btc. In each of the steps into a new "era" the mining reward is reduced by 50%. This seems ...
7
votes
3answers
1k views

How does the mining process support the currency?

Why is mining Bitcoins necessary? Is it essentially a distribution mechanism to ensure Bitcoins are not held by a few (wealthy) individuals from the get-go who might just hoard Bitcoins rather than be ...
14
votes
3answers
643 views

What happens once mining speed gets close to zero?

According to Wikipedia The number of Bitcoins created per block is never more than 50 BTC, and the awards are programmed to decrease over time towards zero, such that no more than 21 million will ...
9
votes
2answers
2k views

Exactly how does one calculate how many BTC they will get a certain hashrate?

I am curious on how many estimated BTC I will earn at any hash rate since, I don't really think I'm really earning any BTC at 600 Mhash/s.
53
votes
16answers
12k views

Does hoarding really hurt Bitcoin?

Some people believe that hoarding hurts the Bitcoin economy. But are they really right? As long as corresponding goods vendors and services will be here to stay and reinforce people's faith in ...
16
votes
2answers
1k views

Will all 21 million units be completely mined one day?

It is written that the supply of Bitcoin units is limited to 21 million and that this limit will approximately have been reached around the year 2030. But is there an actual "last Bitcoin" (or "last ...
16
votes
6answers
526 views

Will forks and alternative block chains cause hyper-inflation of decentralized digital money?

Great effort has been put into Bitcoin's concept of money supply and that there will never be more than 21 million units. However, it's relatively easy to fork it and create alternate block chains. ...