Questions tagged [currencies]
something that is not directly useful (like a commodity) but which can be used as a medium of exchange or a store of value. Essentially, money.
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Estimating Cryptocurrency Tax Gap
Estimating Cryptocurrency Tax Gap
I'm trying to do a rough estimate for the tax gap for cryptocurrency in Canada and I'm having a hard time producing it due to a lack of data on the topic. The tax gap ...
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Create individual wallet for each user
I am working on a platform where users can register and can have wallets with multiple addresses (one address for each coin/network). I found something in Binance APIs where you're able to create sub-...
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verify my bitcoin address [duplicate]
My client sends me money on bryxex.com but when I try to verify it. It is asking me to verify my external wallet. There are very mixed reviews about this site. The minimum amount they are asking is 0....
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Could bitcoin's limited supply prevent it from becoming a worldwide currency
I've recently read about the Great Depression period of the USA and made a striking relevance with Bitcoin.
In short, the Great Depression was caused by a drastic decrease in the circulating money (...
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Can the government find out my name, address, details etc if I invest in crypto?
The data of the transactions are all stored in a blockchain right. So, will anyone trying to trace me find out my name, address etc if I buy cryptocurrencies? Sorry I am a complete noobie to this ...
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How a user in the Bitcoin network verifies a payment?
I'm a beginner who's trying to learn the idea behind Bitcoin.
In the Bitcoin whitepaer it's said that:
A user only needs to keep a copy of the block headers of the longest
proof-of-work chain, which ...
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3
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Why wouldn't a state level actor be able to centralize Bitcoin?
I was reading this question:
What can an attacker with 51% of hash power do?
According to that, the 3 "powers" obtained through controlling 51% or more would be:
Reverse transactions that ...
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Where does compensation to miners come from?
I am still learning so my terminologies might not be entirely accurate. But I understand that in the traditional model, if person A pays person B $10, then the banks subtract $10 from person A's ...
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What is the Crypto in Metaverse
When I read about the Metaverse in today's crypto space, I think of Second Life and my understanding is that Metaverse as used in today's crypto space is basically Second Life with VR but this looks ...
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Why would anyone pay with Bitcoin?
A lot of people are committed to building Bitcoin network to be a better payment network.
However, why would anyone spend it if it is a store of value and the price is quickly going up, which make it ...
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Can I receive different cryptocurrencies on the same public key? [closed]
The main question I have is:
Can I receive different cryptocurrencies on a same public key?
For example: I instruct the person A to send me BTC on a public key X. I also instruct the person B to send ...
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What would happen to Bitcoin if GPS/Galileo timing ceased to be available?
According to this web site, the timing from a system like GPS is essential to "financial networks [which] rely on precision timing for synchronization and operational efficiency." Is the ...
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Traced stolen crypto to exchange. Any way to get it back?
A week my BTC was stolen (very likely some form of trojan/keylogger as I stupidly kept the keys on a computer which connects to the internet). After getting over the initial shock, I looked into the ...
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How can i list all transcation of bitcoin using API.. I need all transcations and current transactions of coin( e.g bitcoin) [duplicate]
How can i list all transaction of bitcoin using API.. I need all transactions and current transactions of coin( e.g bitcoin)
I need APIs that can give me all transaction related data of particular ...
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How transaction happen in blockchain?
Suppose there is a cryptocurrency with a chain of 5 blocks. When users trading with this cryptocurrency, then:-
how the buy and sell will be going to happen i.e. Which block will make the transaction ...
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Why exchanges show Bitcoin price higher than actual value? [duplicate]
I trade crypto on indian platform WazirX and CoinSwitch. Both are currently showing price of 1 Bitcoin to be 44,78,353 Indian Rupees ($ 60,605.51) while the price shown on google as well as Binance ...
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What is an «open Ponzi scheme»?
I recently read that Nassim N. Taleb thinks that Bitcoin is an open Ponzi scheme. An influental and intelligent person like him surely doesn't say something without thinking about it first. Therefore ...
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Mining Bitcoin heats up my Computer. why?
I am Trying to mining bit coins from last 1 year. but every time i turn on the mining it slows down my computer and heat it up very badly that it eventually stops working some times.
How To get rid of ...
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Is it possible to track stolen Bitcoin after exchange
I don't know if someone can help me but I found out someone has stolen several times some crypto of me, mostly bitcoins. He had access to my computer and my phone to do the Google Authenticator ...
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Question about the efficacy and safety of Privacy Cryptos like XMR, Zcash, etc
new here and haven't found an answer to this conceptual question:
Crypto is said to have solved the coordination problem through rewards and punishment (honest users are rewarded; dishonest users are ...
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basics of cryptocurrency [duplicate]
I recently became interested in cryptocurrency and its mining process but there are a few things I don't understand very well and I am still trying to learn the basics more before getting into trading ...
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Comparing "health" of Cryptocurrencies
I am new to cryptocurrencies, and I would like to explore how an analyst might compare the "health" of two coins, for example, Bitcoin v. an altcoin.
For a company that issues stocks, ...
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Where do you buy Dogecoin from? [closed]
Interested in putting 10$ on a few random coins of the more popular variety, just for the fun of it.
Never had any connection to crypto, so absolutely no idea how this works.
Where can I go, create an ...
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How Does Bitcoin network prevent from the same transaction being included multiple time in a block
Assuming that there is multiple miners in the network that have access to the same transactions that were submitted by users. How does Bitcoin network prevent from accidentally including the same ...
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I have forgotten my Blockchain account password and 12 word recovery. I have the wallet id and password to the wallet. Can i get my funds back?
I have forgotten my Blockchain bitcoin account password and 12 word recovery(possibly didn't even create one). However I do have my wallet id and the password to the wallet. Is there a way to get the ...
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If only one Bitcoin miner gets the block reward, is it worth mining only for the transaction fees as a (not-so-competitive) solo miner?
I have heard (but not that knowledgeable) about mining-pools. If a weak system joins the pool, it has a chance to get a portion of the block reward, but I assume that not all of the miners are joined ...
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How to you recover a stolen bitcoin lost to an investment scam?
I once lost my bitcoin to an investment platform and it took a while before I managed to get my bitcoin back. My question is I want to know how many people have lost their bitcoin and how do you ...
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Does cryptocurrency ETF use block-chain technology?
As you know, one of these days trends is cryptocurrency ETFs that the CES doesn't approve it yet. But there are some questions about them and their functioning. Is it necessary to build them over ...
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Can you have a cryptocurrency with a single source of truth?
Can you have a cryptocurrency that's based on TRUST? (how dare I use this dirty word haha)
Everyone who participates in the system agrees to trust this 1 party only, because they find them trustworthy....
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My unconfirmed BTC transaction on blockchain just disappeared [duplicate]
I had an unconfirmed BTC transaction on blockchain.com for about 2 days plus and now I log in and there's no transaction again. I checked blockchain.info using the hash; all wiped nothing is showing, ...
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Beginner's question: Why must proof-of-work be useless?
I wonder why the proof-of-work under no circumstances may be usable. The argument I understand is: If the proof-of-work could be used, its results could be sold, and doing the proof-of-work would cost ...
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Electrum & BitAddress Wallets Creation
Can anyone please tell me if my procedure is correct and enough.
I've always heard and read that I must disconnect from the internet when creating Electrum Wallets, to keep away from hacks, viruses, ...
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How are the prefixes for EXT_PUBLIC_KEY and EXT_PRIVATE_KEY derived?
I want to know how the prefixes for EXT_PUBLIC_KEY and EXT_PRIVATE_KEY are derived. For example in bitcoin you have:
base58Prefixes[PUBKEY_ADDRESS] = std::vector<unsigned char>(1,0);
...
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How is a USD-chained currency like Tether economically possible?
(I'll try my best to keep it relevant to Bitcoin, but feel free to close it if it seems inapplicable to Bitcoin trading. It's more about economics)
Say there's a currency whose supply is controlled (...
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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
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Crypto currencies and internet dependence [closed]
Ive a problem with the concept of crypto in one aspect. What about "cyber safety"? Given that there will be more online malicious activity in the future, isnt cryptos dependence on the internet a ...
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What happens to bitcoins that are in a ponzi scheme wallet? [closed]
I bought bitcoins that are stored in Cloud Token wallet. I found out later on that this crypto currency was part of a Ponzi scheme (shame on me). Currently I've had difficulty withdrawing my coins, ...
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What benefits does Bitcoin have that other cryptocurrencies do not?
I have heard several times Bitcoin being called "the king of crypto." It makes sense when you look at how the coin surpasses all the altcoins in terms of market capitalization and trading volume. No ...
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Working of crypto currency swaping (Exchanging) in Crypto exchange
I am new in crypto. I know something about cryto currency and its working. I am curiosity about the working of Crypto exchange like binance,coinbase...etc... My doubts is
Some exchanges provide the ...
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How does Bitcoin protect against inflation?
In an economy where the prices of goods keep inflating, like a car going from $10,000 to $20,000 in 1 year, what would be the incentive for people to put their money in Bitcoin? Wouldn't the price of ...
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What's the consensus on using a non-networked VM as a cold wallet/airgapped computer?
I'm wondering if connecting a hardware wallet like a Ledger Nano S to the Ledger Live desktop app running on a computer that's connected to the internet not considered a 'fully cold' wallet setup. How ...
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transfer cryptocurrency with api
I need a wallet that have api for currency transfer like block.io api. But because block.io only supports 3 currencies, it is not suitable for my project
There is another wallet for my work? (Only ...
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how to place a bitforex api buy order
I have read the documentation for BitForex on placing a buy order here:
https://github.com/bitforexapi/API_Doc_en/wiki/Order
Then after understanding that, I read the API Call Description ...
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Address not valid when withdrawing money from Binance
I want to withdraw the Vibrate crypto from binance. When I enter the BTC wallet address which I took from my account from coinbase, binance says invalid address. Am I missing something here?
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How to create a cryptocurrency backed by an asset (say a fiat currency or physical commodity) [closed]
I want to create a cryptocurrency for use between myself and a collection of friends (as a proof of concept).
Assuming that I want to peg my cryptocurrency to (say) the Chinese Renminbi and the price ...
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Is there any "permissionless" blockchain "without a native coin"?
We may certainly say that a "permissioned" blockchain cannot have a native coin (or cryptocurreny) since in permissioned blockchain we need a permission to be eligible to participate for transactions ...
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How do I pick the right cryptocurrency without becoming an expert in cryptocurrencies? [closed]
I live in a country where a certain national currency is used as legal tender. I do not understand how the local money works (e.g. how the national money supply is increased), nevertheless I can ...
user91706
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Reports of Cryptocurrency Exchanges faking volume trade data. Where can one find this report?
In 2018 December there was a research report on cryptocurrency exchanges faking volume trade data. Where can one find this report on these exchanges? Supposedly the only 2 exchanges that had real ...
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How does the full lifecycle of a cryptocurrency trading look like? [closed]
I am new into cryptocurrencies and I am wondering how to trade them. By trading cryptocurrencies I mean:
Transfer fiat currency (ie. USD) from my bank account into some account that enables buying ...
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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 ...
