Linked Questions

59
votes
7answers
158k 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 ...
55
votes
7answers
45k 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 ...
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?
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
41k 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
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, ...
2
votes
4answers
309 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
3answers
1k views

What gives bitcoins value? A simple explanation please [duplicate]

I hear that miners solve math problems to secure Bitcoins... what kinds of problems? And why are the solutions worth "money"? Also, what does an exchange get in return for real money when they get ...
1
vote
1answer
136 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 ...
1
vote
1answer
770 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
2answers
156 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 ...
1
vote
3answers
130 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?
1
vote
1answer
612 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?
0
votes
2answers
143 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.
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 ...
0
votes
2answers
40 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
2answers
797 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 ...
0
votes
1answer
371 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.
0
votes
2answers
248 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 ...
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.
0
votes
1answer
128 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 ...
-1
votes
1answer
129 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 ...

15 30 50 per page