Linked Questions

0
votes
0answers
23 views

Why do people call changed digits in the blockchain a coin or money? How can changed digits constitute an actual item? [duplicate]

The same as all other cryptocurrencies, Bitcoin is just a fancy name for changed digits in a publicly distributed database called the blockchain. It is obvious that NOTHING can appear or disappear by ...
0
votes
2answers
38 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
44 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.
2
votes
4answers
302 views

Why did the price of bitcoin increase so dramatically?

I read this question on money.stackexchange, in which a user asks how to tax the speculation gain they (involuntarily) made. This guy (or girl) bought BTC for a few hundred USD a few years ago, lost ...
1
vote
1answer
130 views

How can't a malicious attacker generate bitcoins on his private network?

I'm new to the cryptocurrencies world and I'm trying to understand how all this stuff works, so expect a really noob question. Suppose there's a user which generates a number of addresses and sets ...
4
votes
2answers
4k views

If cryptocurrencies have no intrinsic value, how do they originate?

In theory, anyone could create an infinite quantity of their own cryptocurrency right now. However, if you were to do this, it would have no value and, thus, it would be useless. Since value comes ...
1
vote
1answer
638 views

What is the cost of setting up a bitcoin account

does it 'cost' anything to set up an account? If bitcoins are virtual, why/how does an exchange rate work?
1
vote
3answers
128 views

Can anyone give an explaination of what exactly a Bitcoin is and where it derives its value from?

I really just want to grasp how a bitcoin actually is something of value? and how a string of characters equate into something that is worth dollars?
-2
votes
1answer
1k views

process to list cryptocoins in exchangers

I have a cryptocoin which is 50% premined. I want to list it on exchangers. How can I do it? Please mention the process to list cryptocoins in exchangers and also where can I get the list of best 50 ...
1
vote
1answer
558 views

How sign the first transaction's signature?

In bitcoin, each transaction's signature is signed with previous owner's private key. Then, how sign the first transaction's signature?
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 ...
-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?
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?
0
votes
1answer
370 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
vote
2answers
155 views

Beginner's Explanation [closed]

I'm interested in learning more about how bitcoin, mining, and blockchain technology work. I'm a student and don't have a strong background in computing, and I'm looking for a layman's explanation of ...

15 30 50 per page