26
votes
I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?
I am not a lawyer, but...
The Coinage Act of 1965, Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency... are legal tender for all debts, public charges, taxes, ...
- 379
20
votes
Accepted
I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?
I made a payment to a company for a product more than a year ago in
bitcoin. The amount that I paid then was equivalent to $75. Now the
company has failed to provide the product and they and I ...
- 5,208
12
votes
P2P MultiCoin markets
Yes!
Bitsquare.io is:
Decentralized – there is no single point of failure.
Safe – Bitsquare never holds your funds.
Instantly accessible – no need for approval from a central
authority.
Private -no ...
- 221
10
votes
I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?
Given that bitcoin has increased in value, one of us has to profit from this.
If you hold the bitcoins while the value goes up, you are the one entitled to profit from it, because you also risk ...
- 4,387
10
votes
Accepted
Where can I find Crypto Coin data?
Acquiring Data
You have two options here:
Check out one of the data providers online. Quandl offers (mostly) free historical data for a variety of pairs and exchanges. Alternatively, if you have ...
- 1,672
10
votes
Beginner's question: Why must proof-of-work be useless?
In addition to the technical factors mentioned by MCCCS, it's important to consider economical factors as well.
If the problem being solved has value outside of the Bitcoin network, it allows miners ...
- 16.6k
9
votes
How to fork Bitcoin and build own cryptocurrency
There is a Complete Guide on How to Create a New Alt Coin on Bitcoin Talk.
- 111
8
votes
How to fork Bitcoin and build own cryptocurrency
Here is a guide: How to Fork Bitcoin (create your own chain).
I really think Bitcoin as a concept is unique and powerful, and the project is well maintained by very talented developers, so I wanted ...
- 7,160
8
votes
Accepted
Why can't timestamps be a substitute for blockchain?
But then the next problem is transaction order and validity to prevent double spending. I don't understand completely why a timestamp can't just be included for every broadcasted transaction, and the ...
- 19.6k
7
votes
I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?
Was there a sales contract?
https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses#Contract points out the value of specifying the refund policy in such a contract.
(Personally I'd ...
- 71
6
votes
Is stack overflow reputation actually a Cryptocurrency?
No, it is not accurate to call the reputation system a cryptocurrency.
Cryptocurrencies use a distributed form of updating the ledger of ownership, not controlled by any one person. Stack Exchange ...
- 13.8k
5
votes
Does it make sense to use BitCoin to transfer money to yourself internationally?
To organize a wire from Europe to the US and back using bitcoin without fees, you can:
Open an account on KRAKEN.com do a IBAN/BIC wire to your kraken account (free!), takes 2-4 business days
Open an ...
- 59
5
votes
Accepted
What hardware do I need to get started with Bitcoin?
Nothing out of the ordinary hardware wise is necessarily required if you are just using bitcoin as a currency. The only case you would need specific hardware was if you intended on mining bitcoin. For ...
- 682
5
votes
Why can't timestamps be a substitute for blockchain?
But then the next problem is transaction order and validity to prevent double spending. I don't understand completely why a timestamp can't just be included for every broadcasted transaction, and the ...
- 63.9k
5
votes
How do I pick the right cryptocurrency without becoming an expert in cryptocurrencies?
As money, security is paramount. Bitcoin is still the safest and most proven crypto, despite what others claim. The network has the most miners, which makes attacking the network next to impossible.
...
- 51
5
votes
Accepted
Are crypto tokens a subset of cryptocurrencies?
I don't think you will get a consistent answer on this. I would say cryptocurrencies are intended to be used as a currency (e.g. Bitcoin) in the broader economy to exchange and transfer value. They ...
- 11.6k
4
votes
I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?
It doesn't matter what the currency you paid in is worth now compared to other currencies, I guess that's the problem of a volatile currency.
For example: If from here in the UK I bought something in ...
- 141
4
votes
I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?
It all depends on the what was the base-currency of the item when it was sold. That is what should be refunded.
If it is not clear what the base currency was, then the one approach would be to simply ...
- 37
4
votes
How to fork Bitcoin and build own cryptocurrency
There are some tutorials out there, check out:
https://bitcointalk.org/index.php?topic=225690.0
If that one is not sufficient let me know, and maybe I'll write one up.
There are also a lot of coins ...
- 1,550
4
votes
What is Ripple and how does it compare to Bitcoin?
Ripple is trying to replace SWIFT, the protocol for inter-bank transfers. To me it makes sense because, those systems are (according to my understanding) quite antiquated. So blockchain hype has ...
- 1,133
4
votes
I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too?
If BTC is a currency then this is an easy question. I should be refunded what I paid, in the currency in which I paid it.
Really? So if the Bitcoin system collapsed and Bitcoins had no value anymore, ...
- 51.1k
4
votes
Does it make sense to use BitCoin to transfer money to yourself internationally?
Most big US banks charge 40-50$ in fees for international transfers and take a cut of the exchange rate. You might be able to lower this if you use a company like Usforex or Xoom, which I believe take ...
- 171
4
votes
Accepted
Is it possible to trace bitcoin ATM withdrawals?
That would depend on the owner/operator of the ATM, and your relationship with them. Normally, you will need to register with a Bitcoin ATM company in order to use their machines. This is so that ...
- 8,752
4
votes
Is there an API that exchanges USD to Bitcoin?
This looks like a service that does what you're asking for, if I'm understanding your ask and this page correctly: https://developers.coinbase.com/docs/wallet/guides/send-receive
This would require ...
- 141
4
votes
Understanding Bitcoin fees
It's a bit apples and oranges. At Coinbase you are actually purchasing cryptocurrency that you then own and can move elsewhere if you wish, whereas at eToro you are opening a CFD (contract-for-...
4
votes
Accepting Bitcoin for Services Rendered with Legal Verbiage on Set Coin Price
If you want to go all in on cryptocurrency, you can make an agreement stating the payment method as BTC or ETH and then the amount. The value of these currencies may vary with time and hence no one ...
- 520
4
votes
Beginner's question: Why must proof-of-work be useless?
The problem is that one can find a proof of work algorithm that gives a useful output. However, it may not stay useful forever. When the research is done, it will have to be replaced. When proof of ...
- 9,939
4
votes
How to you recover a stolen bitcoin lost to an investment scam?
How to you recover a stolen bitcoin lost to an investment scam?
how do you manage to get them back?
Generally you don't.
Take MtGox as an example. It is believed that a very large amount of money was ...
- 20.1k
Only top scored, non community-wiki answers of a minimum length are eligible