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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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 ...
15
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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 ...
6
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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 ...
0
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0answers
152 views

How does namecoin compare and contrast to bitcoin? [duplicate]

Possible Duplicate: What are Namecoins? It seems to me, a bitcoin newbie, that namecoin is something entirely different but has some similarities. I would like to hear it from the bitcoin ...
3
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3answers
761 views

What is needed for Bitcoin to become the reserve currency of the world?

Bitcoin's characteristics seem to make it a prime candidate as a reserve currency, given it has fast transactions to anywhere in the world at a low cost with little to no price manipulation or export/...
6
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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 ...
7
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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?
15
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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?
5
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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 ...
7
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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 '...
3
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2answers
640 views

Could speculation some day rise bitcoin to the moon? [closed]

I saw too many questions about bitcoin losing value. But in my view, 21 million bitcoins is relatively less money (ie., units) than other currencies. Why wouldn't Bitcoin's value rise simply due to ...
9
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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 ...
12
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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 ...
24
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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 ...
20
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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
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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 ...
10
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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, ...
0
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1answer
376 views

Could Bitcoin work as a world currency? [closed]

We've seen the issues taking place with the Eurozone, notably that countries who share monetary union seem to ultimately need to share economic union, which tends to lead to political union. Is there ...
12
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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 ...
18
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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. ...
14
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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?