Linked Questions

13
votes
8answers
2k views

Could bitcoin be destroyed if an entity cornered the market?

I know the US Government is opposed to competing currencies. It seems that it would be a rather simple solution for them to destroy Bitcoin before it grows too much by merely buying all the currency, ...
72
votes
7answers
70k views

Can I download the whole block chain from somewhere?

Every time I turn on the Bitcoin client it takes days to catch up with the block chain. Are there alternatives to getting it trickling through the peer-to-peer network? Can I just download it ...
22
votes
7answers
22k views

Are bitcoins really immune to inflation?

I see people everywhere saying that bitcoins are immune to inflation but nobody has explained it adequately to me. I understand why bitcoins would be more or less immune to inflation cause in ...
18
votes
7answers
7k views

Do USA-based miners need to register with FinCEN?

As seen in recent news, FinCEN has issued a statement on its classification of virtual currencies: http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html Hypothetically suppose I mine ...
12
votes
5answers
13k views

How to overcome the 21M limit of Bitcoins as adoption increases?

Are there any ways to increase the Bitcoin maximum coin limit, as a wider adoption would mean there would be a lot of real money chasing fewer number of coins? Also can one hold a fraction of a coin?
3
votes
4answers
712 views

Would bitcoin be destroyed if a wealthy organization obtained a CPU majority for a sustained period?

Inspired by this question ("Could bitcoin be destroyed by an entity cornering the market?") and the top comment on this answer to this question ("How much would it cost to execute a 51% attack?"). ...
9
votes
2answers
1k views

How can determine the fundamental theoretical value of the Bitcoin based on steady state daily velocity (BTCDD)?

The VISA network (VisaNet) supports 4.4 Trillion dollars of commerce per year (2009). If we assume (somewhat arbitrarily), that the Bitcoin Days Destroyed metric approaches 50% (half of all coins are ...
3
votes
2answers
604 views

How can bitcoins be used for daily currency if their value changes erratically?

If Bitcoin was the worldwide money system... Suppose that you work and save your bitcoins, to purchase something big like a house or car, but the value fluctuated like crazy, as the stock market does....
6
votes
1answer
1k views

List of Bitcoin forks or spinoffs [duplicate]

I've just heard about another digital currency called Litecoin, which I believe to be based on Bitcoin, are there any more alternatives to Bitcoin & Litecoin? Any one got a list? A reason why the ...
3
votes
1answer
1k views

Is there a list of all cryptocoin currencies? [duplicate]

Apart from bitcoin, I know few other crypto currencies (by this I mean currency which works in a similar way to bitcon). They are: namecoin lightcoin ripple I also heard about SolidCoin, but as far ...