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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30 views

I want to make a new Cryptocurrency from scratch but i have 0 (ZERO) Knowledge about coding, WHERE do i start? [closed]

I used to code when i was 14 and i was good at it but it was all copmletely basic that i did on my own, but then due to health reasons i gave up on it as my eyesight kept deteriorating. I want to make ...
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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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1answer
87 views

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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57 views

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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47 views

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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1answer
69 views

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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2answers
300 views

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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829 views

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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Is cryptofree.casa genuine plateform to earn free BTC [duplicate]

As O recently login to Cryptofree.casa website, someone told me that after once it reach to 0.2 BTC then I can withdraw my wallet BTC so is it correct information??
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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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1answer
62 views

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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2answers
107 views

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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121 views

How to recover Exodus wallet from a google back up

I had to factory reset my phone because it was hacked. In my panic I forgot to retrieve and note down the copy of my Exodus 12 word secret recovery code. When I redownloaded my exodus app, I thought ...
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387 views

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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782 views

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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1answer
29 views

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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1answer
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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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49 views

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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156 views

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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1answer
91 views

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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104 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 ...
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2answers
54 views

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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1answer
64 views

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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153 views

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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1answer
54 views

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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1answer
81 views

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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1answer
157 views

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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68 views

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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1answer
504 views

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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12k views

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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1answer
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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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1answer
49 views

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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1answer
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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 ...
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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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2answers
281 views

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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2answers
50 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 ...
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1answer
136 views

Using CryptoCurrencies as a transfer method throughout Australia and Europe

I have read both this questions: Can I easily use Bitcoin as a inexpensive way to transfer my money into another currency? Does it make sense to use BitCoin to transfer money to yourself ...
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77 views

proof of stake concept and implementation confusion

i'm currently studying proof of stake concept in cryptocurrency in preparation of building it soon, but i still have some doubts about my understanding of the concept itself, and i have a lot of ...
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268 views

Idioms of use/ bitcoin heuristic

I already know the answer of a) part which is Alice. Can anybody help me in finding answer of b) part.
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446 views

Should I run crypto node for my trading platform?

I wanted to create a cryptocurrency trading platform where people can deposit cryptocurrency and trade them with other altcoins and finally withdraw it. Tell me do I need to run full crypto node to ...
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3answers
80 views

Could bitcoin/blockchain be used to create a secure non-3rd party escrow?

I'm wondering if there could be a block chain approach to selling goods and putting money in an escrow-like state until the goods are received. I'm envisioning the following scenario. 1) Buyer puts ...

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