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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1answer
34 views

What would happen to the world if Bitcoin were the only allowed currency? [closed]

Could a world economy be based solely on Bitcoin? I mean the only mean to pay would be bitcoin. From the point of view of economy would this be possible or would all the economy collapse? Could we ...
1
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1answer
77 views

Can the bitcoin supply be expanded?

I know that bitcoin is supposed to have an almost fixed supply of 'coins' (with a maximum of 21.000.000 bitcoins) and technically it can't be expanded. If I store my bitcoins in a third-party ...
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1answer
108 views

How much will one bitcoin cost when the 21 millionth bitcoin (the last one) is mined? [closed]

How much will one bitcoin cost when the 21 millionth bitcoin (the last one) is mined? All I know is that the price is supposed to only get higher the fewer coins there are to be mined.
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2answers
109 views

Will the decreasing Bitcoin production cause a liquidity crisis?

Based on the fact that the bitcoin "production" will stop around 21 million bitcoins, could this lead to a bitcoin flow freeze? What I mean is, if we produce all 21 million bitcoins, and keep using ...
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0answers
23 views

Relationship between concentration of bitcoin wealth and foreign exchange value?

Is there a relationship between the equality of wealth of bitcoin holders, and it's foreign exchange value? E.g. if there is a large transfer of bitcoin to a single owner, should this influence its ...
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5answers
800 views

Who issues bitcoins and how?

I can't find information on who actually issues the bitcoins. I understand that miners generate new bitcoins but what party is responsible for issuance?
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2answers
72 views

Can wider acceptance cause the value to fall?

I've noticed lately that more vendors/companies are accepting Bitcoin: Microsoft being one of the latest and largest. As far as I can tell, though, these companies seem to (mostly) immediately ...
7
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1answer
969 views

Why is Bitcoin defined as having 8 decimal places?

At the protocol level bitcoins don't actually exists, but rather base units (recently called “satoshis”). Bitcoins are defined as 108 base units, meaning that for a 50 BTC mining reward, you are ...
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2answers
142 views

Where can I find a chart of the daily supply?

there is the blockchain.info one for total supply but that very low resolution. I really was a graph of the actual new bitcoin mined on the market on a daily basis because it seems like a strangely ...
3
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2answers
165 views

Does the Bitcoin Core API support high-precision balance display?

I am currently working with a number of altcoins and and I need to support deposits and withdrawals in currencies with very large coin number cap like Dogecoin. I am wondering whether the Bitcoin Core ...
7
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3answers
614 views

Is it possible for more than 21 million bitcoins to exist if 51% agree?

One of the commonly cited advantages of bitcoin is that there's guaranteed to be only 21 million bitcoins. However, my understanding is that the bitcoin protocol is patched by an opensource ...
3
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1answer
270 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 ...
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2answers
153 views

How does the network adjust the rate at which the coins are created?

Who runs the Bitcoin network, and how do they adjust the rate at which the coins are created?
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1answer
186 views

Can a miner refuse it's reward?

As of 2014, miners that successfully mine a block are entitled to 25 bitcoins. Can miners refuse to receive those 25 bitcoins, thereby reducing the total number of bitcoins that will ever be mined?
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4answers
183 views

If anyone can mine how does inflation not occur?

If you can mine money whenever you want how does the price of every bitcoin not diminish?
4
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2answers
185 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
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1answer
143 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 ...
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1answer
162 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?
2
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0answers
170 views

Will the bitcoin value keep rising at steady rate, if bitcoin mining is stopped right now [duplicate]

If no new coins are created by mining after 12 million bitcoins as of today, what kind of impact will it have on bitcoin value. Transaction fees will still be set for confirmations.
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1answer
95 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
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4answers
201 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?
9
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3answers
7k views

What happens when the 21 million cap is reached? [duplicate]

I've just recently gotten into bitcoin, but I'm a bit confused about this 21 million bitcoin cap. From what I've read, computers on the bitcoin network validate transactions, which confirms the ...
2
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1answer
217 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? ...
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3answers
271 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
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1answer
307 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
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2answers
289 views

What if someone owns 51% of all bitcoins?

Would it be possible to manipulate the exchange rate of Bitcoin, if a single entity controlled the majority of all available currency? http://en.wikipedia.org/wiki/Currency_intervention ...
3
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1answer
187 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?
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1answer
216 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?
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1answer
228 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 ...
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1answer
934 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 ...
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1answer
2k views

What will bitcoin prices do in the next months as ASIC miners become more widespread? [duplicate]

The next months will finally see ASIC miners come into play, which will increase the global network hashrate by an amount never seen before. Of course, mining difficulty will then increase ...
2
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3answers
315 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 ...
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2answers
390 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, ...
0
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1answer
467 views

What happens if everyone suddenly adops bitcoins, or it becomes very easy to create blocks [duplicate]

I understand that bitcoins are currently produced at ~25BTC/10 min If I understand correctly how fast a block is created is what determines how fast bitcoins are created. If everyone starts using ...
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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 ...
2
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2answers
385 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 ...
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2answers
3k views

Could there be hyperinflation in Bitcoin?

Currently the creation of new coins is fixed at a certain rate which halves every few years and will at some point in the future drop to zero. As I understand it, this is by consensus, i.e. all the ...
5
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3answers
460 views

From a legel perspective, are Bitcoins “created” by a miner or the Bitcoin Protocol?

The recent FinCEN announcement said explicitly that virtual currency isn't a "currency" by the standard sense of the word, and shouldn't be regarded as such. Should Bitcoin ever be considered a ...
3
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1answer
113 views

What percent of recently mined coins being actively traded vs saved?

I'm trying to understand the recent increase in BTC value in relation to mining. I am trying to answer the question Are miners (with powerful ASIC hardware) saving the BTC, and not selling them, ...
5
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1answer
296 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
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1answer
348 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
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1answer
352 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
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1answer
470 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?
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1answer
1k 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?
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4answers
2k 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
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3answers
598 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 ...
5
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3answers
474 views

Bitcoin inflation in 9/12 doesn't seem to have been corrected. Why not and will it be fixed?

I'm looking at the Total Bitcoins in Circulation graph and don't understand why there is a spike of coins being generated in Sept '12. What caused this to happen? Also, since there is a fixed ...
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2answers
383 views

Losing bitcoins [duplicate]

Possible Duplicate: What could be the consequences of many bitcoins being lost out of circulation if people lose their wallets? So I am trying to comprehend this Bitcoins system so please ...
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2answers
1k views

Can bitcoins be split up into greater than a billion parts?

I understand that, at time of writing, splitting a bitcoin into more than 10⁸ parts is not useful. However, say that in the far future enough bitcoins have been destroyed (through deleted wallets due ...
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2answers
111 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 ...