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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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3
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2answers
381 views

In the end, will there be only one? [closed]

Highlander pun aside, will one cryptocurrency vastly dominate the rest in the future? Will it be a handful? Will each government come up with their own cryptocurrency?
0
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1answer
167 views

Is there a plug in for credit card charges to be converted automatically into bitcoin

Is there a trusted payment processor that is secure and is able to do the sequence of actions detailed below? Accept credit card transactions from customers and apply them to purchasing bitcoin & ...
4
votes
4answers
3k views

How can a Bitcoin consumer and a Bitcoin seller mediate disputes?

Since Bitcoin payments are non-reversible, what technical and business solutions are there to mediate issues such as Product wasn't as expected Payment was double spent or in an invalid chain etc... ...
4
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1answer
251 views

What are the specific problems that Virtual Currency is solving? (in the Banking system, economics, and finance )

What is Virtual Currency is trying to solve, and how is it trying to solve them? Many users of virtual currency (BTC, XRP, etc) talk about a corrupt banking system, and many other ideals, but I'd ...
3
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4answers
4k views

Is there any centralized cryptocurreny?

Is there any centralized cryptocurrency? Is cryptocurrency a Bitcoin oriented concept only? From what i read almost all of the cryptocurrencies are derivatives of Bitcoin.
-5
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1answer
235 views

What color would a bitcoin be if it had a color? [closed]

Of course dollars are green... So what would the color of a bitcoin be if it had a color?
5
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1answer
895 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 ...
1
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0answers
486 views

How would i use a quantitative data site like coinmarketcap.com? [closed]

I understand that I could calculate my hashrate and thus expected profitability per hardware speed, but I don't understand how to valuate what market price 'should' be and how to actually valuate an ...
-2
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2answers
189 views

So a computer is now called a “Miner” and is creating currency?

What I do understand: Banks have inflated currency and through this the value of just about everything has been manipulated to make people who do next to nothing for it become rich. What I don't ...
-1
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1answer
270 views

How stable is the Bitcoin Market [closed]

The bitcoin market seems to not be very stable. The value if the currency fluctuates everytime there is a fork. If I invested say 1000$ USD and the market crashed, would I be able get my $1000 back?
1
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2answers
145 views

Why does Crypto Street have backwards pairs?

I'm looking at the crypto street home page and the pairs are backwards when compared to other exchanges. It doesn't appear to be a mistake because the prices are inverted compared to other exchanges - ...
7
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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
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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 ...
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
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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 ...
0
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3answers
243 views

How do I exchange a cryptocurrency with another?

I have a bunch of litecoins and want to exchange them for bitcoins. What's the easiest way of doing it, without having to sell LTCs first and then buy BTCs?
2
votes
1answer
1k views

Is there any reasonable way to short-sell Bitcoin [duplicate]

It is not an official currency (yet?) but definitely has a market, and as such, I might be intrested in short-selling some. Are there any reliable, way to bet against it?
14
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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 ...
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 ...
4
votes
1answer
622 views

What financial instruments are under development for Bitcoin?

I'm thinking here specifically of instruments that take a Bitcoin-like approach to trusted parties, eliminating them wherever possible and typically built with Bitcoin as their platform. (As opposed ...
0
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1answer
256 views

Which crypto-currency has the most even distribution of wealth? [closed]

Bitcoin, Ripple, PPCoin, Freicoin and most other cryptocurrencies have a significant portion of the currency in the hands of early adopters or a central group charged with 'distributing' the currency. ...
0
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2answers
939 views

Calculating the current price of 1 BTC?

I am planning to get into BTC as I have some PC with xfire (7970's) laying around here and I am currently trying to learn more about it; what I would like to first understand is BTC pricing to make ...
3
votes
4answers
705 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?"). ...
3
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3answers
2k views

Will bitcoins be devalued by competing digital currencies? [closed]

Bitcoin is becoming more recognizable and trusted. But as it's popularity increases, the supply isn't going to change significantly because the supply is fixed to the internal mining algorithm. This ...
1
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3answers
2k views

How will other coins like LiteCoin influence market price of BTC? [closed]

More generally, in economic aspect, when new currency are issued, and be accepted by groups of people, how will the new currency affect existing currency, ignoring other factors. Ex. How will BTC ...
-5
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2answers
1k views

Please break it down: Bitcoin for dummies [closed]

Bitcoin for dummies: Is this like time banking/ time exchanges? Is this like barter? How do I get-earn-buy-create a bitcoin from nothing? Do I have to buy a bitcoin? If so, with what do I buy one? If ...
6
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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 ...
9
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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 ...
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 ...
11
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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?
21
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3answers
2k views

What is Ripple and how does it compare to Bitcoin?

What is Ripple, and how does the system compare to Bitcoin?
1
vote
1answer
265 views

Is Bitcoin a fiat currency? [closed]

I often encounter articles where we talk about bitcoin being a fiat currency. What is a fiat money and what is it that bitcoin as to be considered a fiat money.
1
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0answers
463 views

How do I echange bitcoins into $ or Euros? [duplicate]

Possible Duplicate: How can I change BTC into normal cash? I sold items / goods for bitcoins How do I eventually exchange these bitcoins for $ or Euro ?
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?
12
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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?
3
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1answer
416 views

Is there a way to buy or sell Bitcoins for Iceland Kronas?

Say I was living in Iceland and wanted to convert my local currency to Bitcoin and back. What are my options?
1
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2answers
214 views

Virtual currency used as alternative currency

Would it be feasible for a virtual currency to be used in the same way as alternative currencies such as Berkshares and Brixton Pounds ? Furthermore, do you think it is possible to make it independent ...
2
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0answers
50 views

Encouraging virtual exchange and independance from hard money? [closed]

With all the talk of economic sustainability and the dangers of infinite growth how do you think a virtual currency could be used to encourage the trade of virtual goods ? Or possibly a more efficient ...
3
votes
1answer
193 views

Can OTC help lessen the cost of slippage and exchange rate risk?

Obviously one can transact currency via buying BTCs on an exchange transacting them to another person which itself sells the BTCs received on an exchange - this would limit the possibilities of ...
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, ...
4
votes
5answers
600 views

Does bitcoin improve on “hard” currencies in any way?

Question is in the title. Anyone who's toyed sufficiently long enough on the foreign exchange understands that currencies are largely driven by sentiment or manipulated on the odd occasion. Plus, ...
8
votes
3answers
298 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, ...
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 ...
3
votes
2answers
515 views

How can Bitcoin work with Ven?

Bitcoin and Ven seem to have very different properties, so are there any complementary ways for them to interact? Maybe with Ven acting as a universal fiat representative?
1
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1answer
1k views

How does Ven work compared to Bitcoin? [closed]

The Ven FAQ states that Ven is a basket of currencies, but how is it determined? Is it done privately or in the style of a committee? What trade offs are there in relation to Bitcoin? Links: official ...
5
votes
2answers
2k views

What is the most effective way to buy bitcoin from swiss francs? [closed]

The most effective way I could find so far was Mt.Gox. The costs that are involved are still quite prohibitive. But this then boils down to the question: what is the most effective way to get your ...
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, ...
5
votes
3answers
7k views

What's the simplest way to deposit BTC into US Banking account with minimal fees? [closed]

I've been looking through the bitcoin wiki and googling isn't providing any useful results. Basically I'm looking for some way to deposit my BTC into my US bank account. Is there any service that can ...
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), ...
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 ...