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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36
votes
18answers
11k views

I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?

This is, I suppose, a legal question so I should point out that I'm most interested in US and European law. I made a payment to a company for a product more than a year ago in bitcoin. The amount ...
32
votes
4answers
49k views

How to fork Bitcoin and build own cryptocurrency

Is there any step-by-step tutorial about how to build own cryptocurrency based on Bitcoin code?
26
votes
11answers
361k views

How can I change BTC into normal cash?

Can you eventually hold the bitcoins in your hand, like real cash dollars or euros or something? If so, how? I've gone through all the service previews and introduction videos (actually, a video), ...
24
votes
6answers
1k views

What cryptocurrency systems predate Bitcoin, and how do they differ from it?

Although Bitcoin is certainly making strides as the first cryptocurrency to enter (comparatively) widespread use, cryptocurrency has long been a topic of discussion in fiction and academia. What ...
21
votes
3answers
2k views

What is Ripple and how does it compare to Bitcoin?

What is Ripple, and how does the system compare to Bitcoin?
20
votes
5answers
1k views

Are Bitcoins destined to forever increase in value?

The idea of a currency with a limited number of units seems to me to be fundamentally different to existing currencies. While other currencies are generally based on permanent inflation - more 'units'...
18
votes
6answers
705 views

Will forks and alternative block chains cause hyper-inflation of decentralized digital money?

Great effort has been put into Bitcoin's concept of money supply and that there will never be more than 21 million units. However, it's relatively easy to fork it and create alternate block chains. ...
18
votes
1answer
16k views

What are the perceived advantages of bitcoin as a means of exchange?

There are lots of ways to send money - western union, paypal, bank wire, etc that are more established and fairly quick. What are the advantages of using bitcoin from a bitcoin-proponent's point of ...
16
votes
4answers
1k views

Is Bitcoin a currency?

This question seems to be asked every now and then when legal status of Bitcoin is discussed - Is Bitcoin a currency? What are the characteristics that would make it a currency, and what makes it ...
15
votes
4answers
2k views

Can I use Bitcoins in a game?

In many games, such as Lord Of Ultima, players can purchase a special type of currency with real money, as opposed to earning it in a game. This currency is then used to purchase premium items and ...
15
votes
2answers
2k views

What are Namecoins?

What are Namecoins exactly, how do they differ from Bitcoins, and how come one is able to merge mine them along with Bitcoins?
14
votes
4answers
23k views

What is the point of Feathercoin

The amount of bitcoin-like crypto currencies overwhelms me. Just few minutes ago I came across FeatherCoin The problem is that the information on the official site is scarce and the only thing I was ...
14
votes
5answers
7k views

What are the differences between Bitcoin and other crypto-currencies?

What is it that makes Bitcoin unique amongst crypto-currencies? Is it just the most popular one or does it have better design aspects too?
13
votes
4answers
33k views

Does it make sense to use BitCoin to transfer money to yourself internationally?

If you have a bank account in the US and an account in the UK, and you want to move money from one to the other, is Bitcoin a sensible way to do it, or are you better off using TransferWise or just ...
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, ...
13
votes
1answer
13k views

How Ripple is different from Bitcoin and other crypto-currencies? [duplicate]

How Ripple is different from bitcoin and other crypto-currencies? What does Ripple do that is different from bitcoin? Riple and Bitcoin are two different implementation of p2p currency and fund ...
12
votes
1answer
373 views

If Bitcoin is ratified as a currency would its code be BTC?

At present it seems that the de facto code for bitcoins seems to be BTC. There has been some discussion of this over on the forums and an entry on Wikipedia, but I thought I'd ask the question here to ...
12
votes
5answers
672 views

Does the bitcoin design make bitcoins suitable as a medium of exchange, a store of value, or both?

Money is often seen as having various functions, such as "medium of exchange" (something useful for conducting transactions, and "store of value" (something valuable as an investment). Was bitcoin ...
12
votes
4answers
2k views

MintChip and Bitcoin - how do they compare?

The Royal Canadian Mint announced some time ago a new solution called MintChip, which appears to share some similarities to Bitcoin. How do those two projects differ, and how are they similar?
11
votes
3answers
1k views

How can I convert Bitcoins for withdrawal to PLN

For years we've been paying exorbitant fees just to transfer our own hard-earned money from one country to another. I'm in Poland at the moment and find I need to transfer funds from my US checking ...
11
votes
1answer
250 views

P2P MultiCoin markets

are there any p2p markets for different kinds of coins, like https://localbitcoins.com/ for bitcoins? Thank you!
11
votes
1answer
1k views

Does Ripple allow one to issue their own currency?

Does Ripple allow one to issue their own currency, similar to how ripples (XRP) were created at the system's inception?
10
votes
5answers
49k views

Can i store multiple crypto currencies in one wallet?

Is it possible to make a wallet for BTC and store LTC and NMC or other coins in it?
10
votes
2answers
460 views

Decentralized transactions between two decentralized currencies

Currently, bitcoins and namecoins are implemented using the Bitcoin protocol. And there might be several reason for new block chains to appear, but this is not the subject here. As far as I know, ...
9
votes
2answers
5k views

Correct use of the word Bitcoin [duplicate]

I'm still unsure when to use Bitcoin and when bitcoin is more appropriate. Did anyone define when to use the word Bitcoin with a capital B? Is one used to talk about the currency as in "3 Bitcoin" and ...
9
votes
3answers
4k views

Is there a way to tell which *coin is most profitable to mine?

Basically a program that could run some hashes for all of the different hash functions that are used in the different big cryptocurrencies and then get the current difficulty from all of them. From ...
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 ...
8
votes
2answers
1k views

Who proposed the XBT ticker for Bitcoin and why is it used over the more logical XBC ticker?

Some standard requires tickers for currencies to start with an X. So, the usual abbreviation of Bitcoin, BTC, cannot be used in contexts where this standard is applied. Usually, the unofficial ticker/...
8
votes
3answers
295 views

What is the preferred way to denote orders of magnitude in BTC?

If I have 36,235.97 BTC, would I shorten that by writing that I have 36.2k BTC or would I write 36.2 kBTC? It seems that latter is proper for SI units, while the former is used more often for money, ...
8
votes
2answers
1k views

Are there physical Bitcoin?

I have seen several folks selling "bitcoins" on Ebay and the like - but they are made of base metal and have no real connection with the bitcoin concept other than the symbol. I'm wondering if some ...
7
votes
3answers
1k views

Why does the Bitcoin conversion rate change wildly?

I don't understand why the conversion rate for bitcoin changes wildly. Why does it?
7
votes
4answers
2k views

How to stabilize Bitcoin's exchange rate (reduce volatility)?

Is it possible to stabilize exchange rate(s) of Bitcoin to FIAT currencies (USD, EUR etc.) and make the rates less volatile only by raising the market capitalization (more people buy/invest in Bitcoin ...
7
votes
3answers
2k views

Trading between different cryptocoins

Is there a website that allows one to trade multiple different cryptocoins (Bitcoins, Namecoins, SolidCoins, RuCoins, LiteCoins, etc) all in one place?
7
votes
2answers
12k views

Where can I find an overview of Bitcoin exchange APIs?

Where can I find information on a large number of "exchange" or "trading platform" APIs showing which currencies (digital and fiat) they convert between?
7
votes
1answer
376 views

Can we interpret a rolling average transaction count per block as the 'adoption curve' for Bitcoin?

It is widely accepted that Bitcoin is both a transaction network, and a currency subject to speculative market action like established fiat currencies. In a sense, it is a transaction network with a '...
7
votes
3answers
5k views

How can I get a new Bitcoin exchange up and running?

I would like to have a Profit Points <-> Bitcoins exchange. The exchange could either be developed and run by contributors of Open-org.com or be created by an existing Bitcoin exchange. I have, ...
7
votes
2answers
3k views

What are the key features of eMunie, a crypto-currency that's not a Bitcoin fork? [closed]

https://bitcointalk.org/index.php?topic=220530.0 The ANN is not super clear. From what I understand, the supposed key features are: Immunity to 51% attack "protection against hoarding" ??? (someone ...
6
votes
4answers
16k views

Coins with memory-intensive mining

Are there coins that demand system memory rather than computing power? Which coin brings me the most mining profit if I have a lot of system DDR3 RAM (say 64 GB or more) in my personal computer?
6
votes
2answers
164 views

What is a brief summary of the ECB's report on virtual currency?

On 29th Oct 2012, the European Central Bank released this report on virtual currency. What is a summary of its comments on Bitcoin?
6
votes
3answers
894 views

Cryptocurrency with less deflationary properties

I wonder what is the benefit of having Bitcoin reduce the coins mined per block over time? Suppose a slightly less deflationary growth scheme was possible (and keep other properties that make Bitcoin ...
6
votes
3answers
373 views

What are the qualities of a country that might make it more or less likely to freely allow Bitcoins or crypto-currencies?

As some examples which seem logical to me, but should only be taken as examples: A government that is susceptible to commercial lobbying is probably more likely to be pressured by banks to disallow ...
6
votes
1answer
1k views

Comparison of different active cryptocurrencies [closed]

I haven't realized until recently how many different crypto-currencies have emerged the last years; coinmarketcap.com lists around 60 of them* and it seems that it isn't even a complete list (for ...
6
votes
2answers
3k views

Calculation of arbitrage profit

I have made calculations based on 3 exchange buy and sell orders. (Cryptsy, C-cex and Bter) and have taken DOGE/BTC market into account. Both cryptsy and C-cex have the same calculations to get the ...
6
votes
3answers
1k views

Pricing bitcoins

Bitcoin functions as a a quasi-commodity currency and I believe it can be priced according to particular factors, variables, instead of simply by the supply and demand in the exchange order book. The ...
5
votes
4answers
673 views

Can Bitcoin software be used to create a private currency (single issuer)

I understand Bitcoin software can be used for private currencies. Can it be used to create a private currency (the NewCurrency) where there is only one issuer of NewCurrency and any monies raised are ...
5
votes
3answers
896 views

Does Bitcoin have inherent value if you can fork the project and create a new cryptocurrency easily?

I like Bitcoin and I like the ideas to create a limited number of bitcoins. However, I see a lot of new crypto-currencies. It seems anyone could fork bitcoin, change something in the algorithm, and ...
5
votes
1answer
894 views

Is it legal to convert bitcoin to USD?

I've been told by many people that bitcoins are fully legal to use as currency, but not legal to convert to USD and use as US currency. Is this true? If so, what references back this up? If not, what ...
5
votes
3answers
3k views

Is it possible to create a cryptocurrency that has a fixed value? [duplicate]

I like Bitcoin for its ease of use and security. It makes "money" transfer fast and easy, however a lot of people are afraid to use it because of its volatility, Would it be possible to create a ...
5
votes
2answers
239 views

Would the existance of other cryptocurrencies negatively effect Bitcoins?

Would the existence of other cryptocurrencies negatively effect Bitcoins? It seems that other forms of cryptocurrencies would be competition to Bitcoins. Alternately, would it be like having other ...
5
votes
1answer
2k views

What is the difference between BTC/LTC & LTC/BTC markets?

I am little bit confused about markets, In cryptsy there is a market for LTC/BTC in which we can buy or sell LTC using BTC My questions are, Is both LTC/BTC & BTC/LTC are the same? I have tried ...