Linked Questions

59
votes
7answers
157k views

How many bitcoins will there eventually be?

Since bitcoins are being regularly rewarded to miners, will the number of bitcoins continue to grow indefinitely, or will there be a maximum total number of bitcoins in existence? And if there is ...
54
votes
7answers
44k views

Can bitcoins be counterfeited?

Traditional currencies have anti-counterfeiting features designed to make them hard to copy, but despite this attempt counterfeit money is a real threat. Since bitcoins are digital, it's trivial to ...
49
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?
33
votes
9answers
7k 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 ...
13
votes
6answers
8k views

Why did Bitcoin first start to gain economic value?

I am really having difficulty answering this: Why does a bitcoin have an economic value, such that there are people willing to trade US$ (or any other traditional currency) for these virtual ...
9
votes
3answers
40k views

Where do the dollars go?

This question seems to me to be such an obvious question, that it must be answered somewhere. As I understand it is necessary to buy bitcoins using dollars or some other currency. Where do those ...
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 ...
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 ...
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 ...
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 ...
3
votes
6answers
7k 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?
3
votes
3answers
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 ...
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?
3
votes
1answer
487 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, ...
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 ...

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