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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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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1answer
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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?
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What is Ripple and how does it compare to Bitcoin?

What is Ripple, and how does the system compare to Bitcoin?
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1answer
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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.
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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 ?
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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?
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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?
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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?
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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 ...
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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 ...
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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 ...
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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, ...
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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, ...
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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, ...
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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 ...
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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?
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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 ...
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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 ...
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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, ...
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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 ...
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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), ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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/...
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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 ...
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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?
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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?
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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 ...
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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 '...
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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 ...
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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 ...
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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 ...
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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 ...
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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'...
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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 ...
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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, ...
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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 ...
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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 ...
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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. ...
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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?

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