Linked Questions

-1 votes
1 answer
97 views

Could you clarify the definition of bitcoin, that is "coin", which Nakamoto defined as "a chain of digital signatures"(details below)?

Say Alice buys 1 BTC and Bob 100 BTC. Nakamoto defined coin(BTC) as a "chain of digital signatures", so Alice bought 1 such chain, and Bob 100 chains. That makes no sense to me, so could you ...
niwrad's user avatar
  • 1
1 vote
0 answers
100 views

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
1 answer
39 views

What literal thing is determining the price of Cryptos / stocks? [duplicate]

Yes, supply and demand I know. But what literal thing is determining the price. When I see the price changing every second on Coinbase or Robinhood, what is controlling that. Is it an algorithm? What ...
Aaron's user avatar
  • 101
5 votes
1 answer
638 views

Who decides the block reward in Bitcoin?

I know that when a miner mines a block, he will be rewarded with some bitcoins. But who decides how much bitcoin he will get? If it is decided by all the miners (as they are the ones verifying ...
Shivam Goyal's user avatar
2 votes
2 answers
141 views

Who is the target audience?

I can not stop asking myself the question, what problem does bitcoin actually solve? Before you accuse me of being lazy and not doing any research, here is my thought process: You want to have a ...
Felix B.'s user avatar
  • 121
0 votes
2 answers
62 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 ...
SeethaRaam Devulapalli's user avatar
0 votes
1 answer
54 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.
user avatar
2 votes
6 answers
380 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 ...
henning's user avatar
  • 121
1 vote
2 answers
211 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 ...
Aurasphere's user avatar
3 votes
3 answers
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 ...
M Smith's user avatar
  • 139
1 vote
1 answer
1k 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?
Curious's user avatar
  • 11
1 vote
3 answers
144 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?
Tyrus Osburn's user avatar
-2 votes
1 answer
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 ...
Crypto's user avatar
  • 1
1 vote
1 answer
820 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?
signal's user avatar
  • 113
6 votes
1 answer
9k 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 ...
Jacquelyn.Marquardt's user avatar
-1 votes
2 answers
128 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?
Graham Dyer's user avatar
3 votes
5 answers
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?
tobixen's user avatar
  • 851
0 votes
1 answer
539 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.
Adnan's user avatar
  • 3
1 vote
2 answers
175 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 ...
Robert's user avatar
  • 41
-1 votes
2 answers
90 views

Bitcoin physical monetary equivalent

I've never really given it a thought till now, but do bitcoins have a guaranteed value in gold similar to physical currency(banknotes/coins)? As far as I know, the value of a currency is guaranteed ...
Sebi's user avatar
  • 151
-1 votes
1 answer
142 views

In India how does one accept or give Bitcoin? Do we also get a physical coin for a Bitcoin? [closed]

I heard about Bitcoin and its endless possibilities to use Bitcoin irrespective of a particular geographic location. But my doubt is How does one accept and give a Bitcoin, Does it have its own market ...
user285oo6's user avatar
3 votes
6 answers
10k 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?
Carli's user avatar
  • 31
0 votes
1 answer
139 views

What exactly are Bitcoins? [duplicate]

I've heard the term several times. I know that it's an online currency, but I'd like to know more, without having to search too hard. My main questions: What can bitcoins be used for? Where does one ...
GLaDOS's user avatar
  • 1
0 votes
2 answers
264 views

Who give initial value to Bitcoin? [closed]

I know how the process of changing BTC price ​​occur, but I curious as to what gave the initial value to BTC and whether the price of another cryptocurrency refers to the BTC? How would I replicate ...
Log.wtf's user avatar
  • 11
40 votes
10 answers
10k views

I am new to Bitcoin, how can I get started?

I am new to both StackExchange and to the new online currency called Bitcoin. I understand what Bitcoin is and how it works, but I was wondering: how do you actually get started with Bitcoin? I have ...
PowerofMerlin's user avatar
-1 votes
1 answer
466 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 ...
sarah's user avatar
  • 151
0 votes
2 answers
831 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 ...
user12781's user avatar
0 votes
2 answers
164 views

Why do merchants accept Bitcoin as valid currency? [duplicate]

I suppose one could ask the same question about any form of currency, but I am curious how bitcoin became an accepted currency with no government backing it.
Bill McRae's user avatar
3 votes
3 answers
13k views

Where do these coins gain their value?

I have been mining coins for a long time (started with BTC/LTC years ago, moved to altcoins recently) and have realized I am not clear on the actual source of the value. Do the exchanges deem the ...
Aidan Knight's user avatar
-1 votes
1 answer
380 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?
user11864's user avatar

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