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Questions tagged [money]

The tag has no usage guidance.

0
votes
2answers
24 views

Why would a merchant accept Bitcoin?

I am trying to get the answer for the following example: Assume I have some bitcoin and want to buy a product from a merchant. Why would the merchant sell that product to me for bitcoin when he ...
0
votes
2answers
37 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 ...
0
votes
1answer
19 views

What would happen to bitcoin in a world with no electricity/internet?

Many people discuss gold as an 'apocalyptic' currency because it will be what's used (supposedly) if the world ends, or there is some cataclysmic event that wipes out the power grid and internet ...
0
votes
0answers
25 views

From where comes bitcoins value? [duplicate]

i'm new here and i was asking myself. From where does bitcoins money from ? I know that to get a bitcoin you have to find the result of a hard problem. But, who pays for this problem to be solved ?
0
votes
2answers
156 views

Is there a chance to return all of the lost money invested when the chart goes back up? [closed]

Let say, for example, I invested $3 to buy 21 TRX (Tron Tokens), usually a token under Ethereum platform but still working the same as other altcoins when the value goes high, where the price is ...
0
votes
2answers
53 views

can I use bit coin to pay my overseas customers

I have a business where I have to pay customers on other countries , I want to have the ability to transfer my funds to a bank in another country with out having to pay the high bank fees for ...
0
votes
1answer
37 views

Internet of Money git download error

I tried to download the pdf from the following repository but i get an error https://github.com/merklebloom/IoMv1 Ive done the following: $ git clone https://github.com/merklebloom/IoMv1.git $ cd ...
0
votes
1answer
73 views

Is 'hawala' and Bitcoin similar?

Hawala is an old indian/middle east , money transaction system , based on mutual trust, and uses an encryption system based on spoken keycodes.How is it similar to bitcoin transaction system?
0
votes
1answer
88 views

Will the amount of “usable” Bitcoins eventually drop to zero? [duplicate]

Let's assume that there is a non-zero probability that people lose their bitcoins, e.g. by forgetting their password. The amount of bitcoins these people possess will become "unusable" but still ...
7
votes
4answers
9k views

How Ripple actually transfer money from one bank to another?

Imagine there is bank A from USA and bank B from England, and they are both on Ripple Network. Bank A wants to transfer $100 to bank B. How does bank A put money in the Ripple network? Does it need ...
1
vote
0answers
17 views

Friend sent me Bitcoin using Quickbt and it never ended up in my wallet [duplicate]

One of my friends sent me bitcoin so I could buy something online. They used the website quickbt to send me the money. They used the proper address for my wallet because it was copied and pasted in. ...
-1
votes
2answers
113 views

How is Bitcoin money? [duplicate]

Every time a hash is successfully created, a reward of 25 bitcoins is paid. Who pays this reward, and on what authority? How does this become legal tender? How is it not counterfeiting?
0
votes
1answer
366 views

What is the real value of bitcoins [duplicate]

I have a lot of confusion about bitcoin. What is the real worth of a bitcoin. For instance currency used to be backed by gold but now a days its fiat currency all around us.
1
vote
1answer
38 views

Is it accurate to refer to Bitcoin as “money”?

For example, would it be considered right if I said "I already gave you the money, Bob!" when I gave him Bitcoin?
3
votes
3answers
165 views

How would Bitcoin's purchasing power be measured after fiat were gone?

Somewhere in the possible near/far future when there might not be any major fiat anywhere. What will Bitcoin's purchasing power be measured in?
11
votes
2answers
7k views

How do wallet developers earn money?

Does anyone know how the Bitcoin wallet developers earn money? Do they live on only donations? Is it possible to survive on only donations? Why would they develop wallets if they don't make any ...
3
votes
1answer
100 views

Are there any math contests paid in Bitcoin?

Are there any hard math problems or math contests that have rewards paid in Bitcoin?
0
votes
0answers
28 views

How do i transfer bitcoins from bitcoin qt to multi bit? [duplicate]

Im very new to this so forgive me. I downloaded bitcoin qt and after 16 hours there was no progress whatsoever with this 'blockchain' stuff. I bought some bitcoins to send to the bitcoin qt client. ...
2
votes
0answers
48 views

Are bit coins taxable? [closed]

Are bit coins taxable? Another words if you accept bit coins when you sell an item do you pay taxes on the proceeds if your accepting bit coins?
2
votes
4answers
3k views

How to compute profit and loss with currency trading?

I can't seem to wrap my head around this. Let's say we have these fake trades between two currencies C1 C2 Rate dPIP Trade Value C1 Value C2 Day 1 1 0 10 0 ...
-1
votes
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?
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 ...
0
votes
1answer
516 views

Blockchain.info: Which address should I give for “New Shared Address”?

I am new to Blockchain.info's wallet's features. I clicked the "Receive Money" tab, then clicked "Shared" and then the green button labeled "New Shared Address". It gave me the following: Address ...
0
votes
1answer
2k views

How To Get a New Bitcoin Payment Address

I have one bitcoin ewallet and this has one bitcoin payment address. I have read we should change our bitcoin payment address frequently for security reasons. How do we do that?
9
votes
2answers
37k views

What is the cheapest way to deposit money into a Bitstamp account from the US?

What is the cheapest way to deposit money into a Bitstamp account? They offer a number of ways, but what is the easiest for someone in the US?
0
votes
3answers
275 views

How would bitcoins “crash”? [closed]

The value of bitcoins has been fluctuating like crazy over the last week, experiencing exponential growth in the BTC to USD valuation. There is no way that that can be maintained longterm. What would ...
-1
votes
1answer
210 views

where are my bitcoins [closed]

I downloaded program some months ago. I always wait for blocks to sync before I do anything. After everything is synced I have been going to where the surveys are to get coins, however, after ...
5
votes
1answer
228 views

What aspects of Money Order laws will apply to merchants who use Bitcoin?

There are several money order laws that apply to merchants who accept them. Bitcoin seems to have properties of a money order, but also some aspects of value that are driven by demand. I'm looking ...
4
votes
1answer
5k views

Why might MultiBit not show a transaction that was sent to me? [duplicate]

So i recently bought a bitcoin from a vendor , and i had it sent to my Address in multibit. Now the problem is , the money isn't there and i'm not sure what to do. He told me to get bitcoin (program)...
9
votes
2answers
644 views

Who earns transaction fee in Ripple?

In Bitcoin, fees are earned by the miners. Who earns the transaction fees in Ripple?
17
votes
4answers
1k views

What happens when a gateway on the Ripple network defaults or simply vanishes?

What happens when a gateway on the Ripple network defaults or simply vanishes? Do people that got their money from it lose that money, do other gateways honour the IOUs issued by that gateway still, ...
6
votes
1answer
1k views

How divisible are ripples?

How divisible are ripples (XRP)? With 100 billion of the currency units being created at system inception one could assume that they are akin to satoshis, but during the operation of the system I ...
4
votes
1answer
527 views

How does one get money into the Ripple system?

How does one get money into the Ripple system? There appear to be ways how one can lend various currencies in the system, but how does one get non-debt money into Ripple?
2
votes
4answers
844 views

Is a gold standard commodity-backed bitcoin possible?

I like bitcoin in the sense that it decentralizes currency. I would like to know though if it is a commodity-backed currency similar to the gold standard decades ago? Is it possible in the near future?...
8
votes
3answers
3k views

Which payment processors do not allow for chargeback?

I would like to receive a payment for selling my bitcoins. I don't trust the person much, so I will ask for money in advance. However, I'm not sure which payment processors could I use for such a ...
3
votes
1answer
408 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?
3
votes
1answer
1k views

How do I convert Bitcoin to cash at my bank via Mt. Gox?

If I use Mt.Gox to do this, what are the specific steps I need to take?
-3
votes
2answers
78 views

A different question about a kind of use [closed]

Imagine I want to change the formula of transactions between a group of people who want to use this money in this way: "Everyone will have a maximun quantity of money to waste in the month, and ...
10
votes
3answers
736 views

What are the most notable cases of Bitcoin scams?

Bitcoins can be easily used to scam people out of their money due to the inability to perform charge-backs. What are the most notable cases of Bitcoin scams that are known?
4
votes
3answers
246 views

Have there been cases of traditional money theft from Bitcoin exchanges?

There have been a number of cases of thefts or losses of Bitcoins from a few Bitocoin exchanges, but has there ever been a case of traditional currency being stolen or lost by an exchange?
13
votes
2answers
10k views

Why can we have small fractions of a Bitcoin?

I didn't study the inner workings of Bitcoin (yet), but already since when I just started using it, I wondered why a Bitcoin can be split up in parts. Because there is a limit on the amount of Bitcoin ...
12
votes
5answers
664 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 ...