21
votes
Accepted
What is the difference between Dogecoin and Bitcoin at the network level?
TL;DR: small code differences, but many larger ecosystem differences
IIRC, Dogecoin is a fork of Luckycoin, which in turn was forked from Litecoin, which was forked from Tenebrix, which was forked ...
- 68.7k
9
votes
Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?
I find this article convincing in its analysis of the dynamics between Bitcoin and competing networks: The Coming Demise of the Altcoins
To summarize briefly, the author suggests:
The utility ...
- 68.7k
9
votes
What will happen to Bitcoin when it takes years to complete a calculation?
Mining is a self-adjusting system. The difficulty only rises in accordance to the available mining power. Hence, it can neither go to a difficulty where it will take months for a block to be found, ...
- 68.7k
7
votes
What exactly is Microsoft 365 going to support?
Presumably, this means that if you type '0.5 BTC' into a cell, it will be recognized as an amount of money instead of text. (Currently, if you type '$5' into a cell, it will recognize this as an ...
- 29k
6
votes
What is needed to get listed on a currency exchange website?
First, you're going to have to prove that your altcoin is useful and has value and liquidity. You can't just create a new coin and expect people to value it. The most successful altcoins have ...
- 7,699
5
votes
Beginning 2017 what estimate of individuals own bitcoin?
There's a hard limit on the amount of people that own one bitcoin: There currently are only 16.1 million bitcoins in circulation, so there can't be more more than 16.1 million people with one bitcoin. ...
- 68.7k
5
votes
Accepted
Correlation of number of (non mining) full nodes to internet bandwidth
I don't think any such study exists, because it is very difficult to gain any concrete information about full nodes on the network. Because nodes can (and often are) run over proxies or TOR, their ...
- 8,772
5
votes
Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?
Bitcoin was the first, the most well known and thus has the most network effect.
The network effect is extremely important and there are examples were better technologies lost to the competition ...
- 2,254
4
votes
Accepted
How much bitcoin in Canada?
How much bitcoin in Canada?
That's a very interesting question:
None of it.
It isn't always possible to say that an address is based in Canada. Some Canadians might use wallets on mobile phones. If ...
- 22.2k
3
votes
Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?
The space is so broad that your question can't really be answered easily. In general, altcoins are far more risky but offer more potential reward. In general, altcoin portfolios will require far more ...
- 411
3
votes
What will happen to Bitcoin when it takes years to complete a calculation?
The cost of mining has actually decreased massively since CPU mining, which consumed something ridiculous like 5,000 Watts per GH/s. Today's best 16nm chips are speculated at running at less that 0.1 ...
- 94
3
votes
Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?
Due to the network effect, the Bitcoin network has the most hashing power behind it, as well as the most investment in it. It had been vetted more than any other cryptocurrency, and the network is ...
- 8,772
3
votes
Accepted
Which country has the highest number of Bricks and Mortal merchants who accept Bitcoin per Capita?
Coinmap is definitely not comprehensive. I imagine most of the listings are in NA and Europe because the site itself is in English. I doubt there will ever be a comprehensive centralized repository of ...
- 7,699
3
votes
How many people own crypto currencies?
As Luca mentioned it is really difficult to measure, but there is a way to map Bitcoin addresses to IP address under certain conditions.
Refer this paper
Title : An Analysis of Anonymity in Bitcoin ...
- 457
3
votes
Accepted
How to suggest to our church that they should accept Bitcoin payments?
My best approach would be to show them coinbase.com or xcoins.io or gemini.com and show them how its similar to a bank account. They can log in and check their balance or withdraw to a bank account ...
- 553
3
votes
Accepted
Estimating Cryptocurrency Gap
Since Bitcoin is a global network without user registry or other user telemetry that is designed to provide cash-like financial privacy, it is inherently difficult to:
measure user counts
assign ...
- 68.7k
2
votes
How would Bitcoin's purchasing power be measured after fiat were gone?
It's typical to measure the purchasing power of currencies using something like the Consumer Price Index, so this is probably would be used if Bitcoin were to become a dominant currency.
Basically, ...
- 22.9k
2
votes
Accepted
Why should retailers prefer bitcoin over other cryptocurrencies that have shorter confirmation time?
Bitcoin is the incumbent in the space with a strong lead. It is not feasible to create faster blocks than about 60 seconds (as short block intervals create a host of other problems). 60 seconds ...
- 68.7k
2
votes
Does Bitcoin have a built-in life expectancy?
but never actually get there
Except at some point there will be a rounding error (as numbers are integers in the code) to zero new coins being mined.
does this imply that the incentives for ...
- 6,286
2
votes
How would Bitcoin's purchasing power be measured after fiat were gone?
There is now a BitcoinPPI (Bitcoin purchasing power index) available:
http://bitcoinppi.com/
It uses the BigMac index published by The Economist and calculates a global weighted index and a local ...
- 121
2
votes
Can I use Bitcoin elsewhere except in the deep web?
There are a number of applications. Bitcoin is e.g. used for
donations, e.g. Khan Academy
online-shops for digital goods, e.g. vpn, web hosting, mail servers, mp3s, computer games
mail-order ...
- 68.7k
2
votes
Accepted
Can I use Bitcoin elsewhere except in the deep web?
Yes. You can use bitcoins in many places. There are Bitcoin exchanges where you may exchange your coins for USD or vice-versa. You can also use them on various websites like Newegg for example.
- 166
2
votes
Bitcoin purchases by country
Nate's answer is true about transactions generally, although companies like Chainalysis use sophisticated software and methods to try to find sources of transactions.
This may not be what you are ...
- 31
2
votes
Will people not spending their Bitcoin cause Bitcoin to fail?
I beg to differ. If you go to https://blockchain.info/, and look at the 'latest transactions', you'll see numerous transactions taking place continuously. Also, there is a quite a bit of discussion ...
- 707
2
votes
What is needed to get listed on a currency exchange website?
The public to whom you've addressed your question won't provide the best answer. Yours is a question about a particular business (digital currency exchanges) and so it is best directed to the few ...
- 793
2
votes
Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?
The reason bitcoins is the best is this,
how many places can you go to and trade coins on the market, like buying and selling like at Bitrex for example? If you go to these sites what do you have to ...
- 21
2
votes
Do all Banks and Credit Unions in the U.S. accept Bitcoin?
Certainly all banks and credit unions do not accept bitcoin, and I'm not aware of any that do.
Banks and credit unions can be thought of as nodes in their own network that is not actually so ...
- 8,772
2
votes
Beginning 2017 what estimate of individuals own bitcoin?
This website shows statistics about the number of addresses containing amounts in specific ranges:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
The sum of all addresses ...
- 917
Only top scored, non community-wiki answers of a minimum length are eligible