Linked Questions

4 votes
2 answers

What determines a bitcoin's value? [duplicate]

I've been talking with my friend about this, and apparently, it seems that Bitcoins have some sort of value that is given to them. On some websites like bitstamp, there are graphs and charts that ...
yuritsuki's user avatar
  • 151
6 votes
1 answer

Where does the money I get from mining bitcoin come from? [duplicate]

Bitcoin noob here. Where does the money I get from mining bitcoin come from? Does bitcoin mining means I "steal" from other people? If yes, should I fear this probability of being robbed while I ...
Jacquelyn.Marquardt's user avatar
3 votes
5 answers

Why does bitcoin have a value? [duplicate]

I got this pretty good question the other day - why does bitcoin have a value at all? After all it's nothing - who is willing to pay for nothing?
tobixen's user avatar
  • 851
5 votes
0 answers

What gives bitcoins value? What are bitcoins backed by? [duplicate]

Possible Duplicate: Where do bitcoins come from and what give them its value? Often times people ask (shortly after muttering something beanie babies), What gives bitcoins value? What are they ...
osmosis's user avatar
  • 5,529
0 votes
2 answers

How are bit coins valued? [duplicate]

If no one controls this then how can you be sure it is stable? How is it regulated and most importantly how is it valued? I'm having a hard time grasping the idea of not being centralized and ...
user12781's user avatar
-2 votes
2 answers

What prevents a user from finding all bitcoins and claim them? [duplicate]

I am new to the bitcoin world and I'm fascinated by its principles. I have found a great description of how the mining works in this answer. Now, I see that a great deal of it is based on network-self ...
Alpha's user avatar
  • 105
3 votes
1 answer

How Does BitCoin's Economy Work? [duplicate]

I just heard about BitCoin for the first time today, and I'm confused. My understanding of economics may not be the best, but I do know that money, as in the paper and coins we use in everyday life, ...
Jax16's user avatar
  • 31
0 votes
1 answer

How is the real world value of bitcoins generated? [duplicate]

I do not understand where the value of the bitcoin comes from. In old times people were trading in gold or silver. They began to deposit the gold coins in banks and started to trade with these ...
Martin Drozdik's user avatar
0 votes
1 answer

What is the real value of bitcoins [duplicate]

I have a lot of confusion about bitcoin. What is the real worth of a bitcoin. For instance currency used to be backed by gold but now a days its fiat currency all around us.
Adnan's user avatar
  • 3
-1 votes
1 answer

Where does the money come from? [duplicate]

Where does the Bitcoin money come from? You know how banks distribute money, how does someone have enough money to distribute bit coins which can be turned into money?
user11864's user avatar
-1 votes
1 answer

how to determine bitcoin price [duplicate]

I want to know how the price is determined daily for bitcoins. I know that exchanges determine it based on the exchanges that happens in their bitcoin-exchange site. But lets take there is a new ...
sarah's user avatar
  • 151
-1 votes
2 answers

How is Bitcoin money? [duplicate]

Every time a hash is successfully created, a reward of 25 bitcoins is paid. Who pays this reward, and on what authority? How does this become legal tender? How is it not counterfeiting?
Graham Dyer's user avatar
1 vote
0 answers

how are new bitcoins created [duplicate]

I have read that new bitcoins are generated by a competitive and decentralized process called "mining" i want to know how the first coin was generated? From where is it genrated? Mining is ...
rage0920's user avatar
0 votes
2 answers

How bitcoin gets monetary value [duplicate]

This looks like a complex thing but I am trying hard to understand it. Why would any one in the world honor a crypto currency till it is backed by a government with monetary value? How does a crypto ...
SeethaRaam Devulapalli's user avatar
0 votes
1 answer

If Bitcoins aren't tied to a conventional currency, how did they get so valuable? [duplicate]

I would appreciate it if someone could provide me with some insightful information.
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