Linked Questions

4
votes
2answers
29k views

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 ...
6
votes
1answer
8k views

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 ...
3
votes
5answers
3k views

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?
5
votes
0answers
3k views

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 ...
0
votes
2answers
799 views

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 ...
-2
votes
2answers
426 views

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 ...
3
votes
1answer
490 views

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, ...
0
votes
1answer
379 views

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 ...
-1
votes
1answer
367 views

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?
-1
votes
1answer
424 views

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 ...
0
votes
1answer
373 views

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.
-1
votes
2answers
114 views

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?
0
votes
2answers
41 views

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 ...
0
votes
1answer
46 views

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.
51
votes
13answers
8k views

Will deflation destroy Bitcoin?

With the limited total quantity of bitcoins, and people losing their wallets constantly decreasing that number, won't rampant deflation destroy Bitcoin?

15 30 50 per page