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, ...
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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 ...
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14 votes

Does it make sense to use BitCoin to transfer money to yourself internationally?

While in the US last year, I sent money to myself in Europe that way once, because it was significantly cheaper than using the legacy banking system. I think it mostly comes down to whether you have ...
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  • 63.4k
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 ...
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  • 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 ...
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  • 4,347
10 votes
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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 ...
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  • 1,672
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.
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  • 111
9 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 ...
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  • 16.5k
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 ...
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  • 7,060
8 votes
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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 ...
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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 ...
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  • 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 ...
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  • 13.7k
5 votes
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What is the difference between BTC/LTC & LTC/BTC markets?

LTC/BTC and BTC/LTC are both ratios of purchasing one currency with another. For example, with LTC/BTC, the price quoted is for 1 LTC (overlying) in BTC (underlying). If the price is 0.025, that is ...
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  • 1,679
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 ...
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5 votes

How to transfer different cryptocoins from one daemon to another

How do you transfer your potatos into rice? You go to market, find somebody who wants to "transfer" his rice into potatos and exchange it with him. There's no direct way of transfering one commodity ...
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  • 1,394
5 votes
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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 ...
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  • 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 ...
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  • 61.4k
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. ...
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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 ...
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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 ...
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  • 1,530
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 ...
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  • 171
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 ...
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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 ...
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  • 141
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, ...
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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 ...
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  • 8,724
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 ...
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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-...
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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 ...
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Only top scored, non community-wiki answers of a minimum length are eligible