13 votes

How Ripple actually transfer money from one bank to another?

I think it's necessary to first consider the question: Without ripple, how do banks "actually transfer money" from one bank to another? Suppose that you and I are banks, and I want to send you $10 ...
Josh's user avatar
  • 131
10 votes

What are the most notable cases of Bitcoin scams?

Here all famous scammers/sites: List of Known Bitcoin Scams: Beware of Fraudsters! Bitcoin Scammers list
Pandit's user avatar
  • 191
10 votes
Accepted

How Ripple actually transfer money from one bank to another?

The way Ripple's public ledger system works is that you propose a payment by specifying the source and destination accounts and currencies and then the system gives you a quote based on public offers. ...
David Schwartz's user avatar
4 votes

Is it cryptologically possible to create a smart contract which SAFELY gives me "altcoin interest" on my Bitcoins?

Lots of things called "decentralized" or "defi" are scams, and I vigorously encourage you to stay away from them. Some of them are real, or useful, and have varying degrees of ...
Pieter Wuille's user avatar
2 votes

Why would a merchant accept Bitcoin?

Because he can sell the bitcoin for dollars. And in many cases, his alternative would be to accept a credit card payment which costs him around 2%. Converting bitcoins to dollars costs around 0.2% -- ...
David Schwartz's user avatar
2 votes

Hello, i wanna help?

You cannot send anything other than bitcoin to (or out of) your Bitcoin Core wallet. You'd need to acquire bitcoin somewhere else first, then you will be able to send it to your Bitcoin Core wallet.
RainDogDance's user avatar
2 votes

Who in their right mind would waste their Bitcoin on taxes or buying random stuff?

Paying taxes / buying goods / etc with Bitcoin, is equivalent to selling the Bitcoin and paying with fiat, except that it might be more convenient and save transaction costs to do it in one step. ...
Nate Eldredge's user avatar
1 vote

Shouldn't nodes get reward by protecting the protocol?

Nodes don't protect the protocol, users do (by using, not just running, software that implements the rules they believe the system should have). But a node on itself doesn't accomplish anything: if ...
Pieter Wuille's user avatar
1 vote

I want to transfer money from my bank account to somebody elses bitcoin account

If your bank doesn't support Bitcoin payments, I think the nearest process you can get to a single direct transaction without a wallet is to find a BTM (Bitcoin ATM) that accepts payments using your ...
RedGrittyBrick's user avatar
1 vote

CAN I GET MY MONEY BACK FROM AN OLD MYCELIUM WALLET ? I HAVE THE BITCOIN ADDRESS MYCELIUM SUPPORT SUCKS NO HELP AT ALL

Do you still have access to the old wallet on an old phone perhaps? If, so you should look into exporting your private keys and then you can use any other preferred wallet and import the same set of ...
0xninja's user avatar
  • 111
1 vote

Zero Day BlockChain Timezone Exploit

The method described has absolutely nothing to do with Bitcoin or blockchain exploits. It appears to be exploiting a badly designed payment system, which allows a user to unilaterally cancel a payment ...
Raghav Sood's user avatar
1 vote

How is Bitcoin money?

It is not legal tender, and there is no one that's forced by law to accept it. It is a digital token with the properties of money and (with the current state of computation) not possible to forge or ...
galileopy's user avatar
  • 344
1 vote

Which payment processors do not allow for chargeback?

Payza Skrill Paytoo Neteller Coinbase (Bitcoin, but has some sweet business tools for selling)
1 vote

How bitcoin gets monetary value

Currencies get value from demand and supply not from governments backing them. Currencies have existed long before government's started stamping them out in their own name. The demand for a currency ...
Abdussamad's user avatar
  • 2,699
1 vote

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

Without computers or electricity, Bitcoin would have no value and could not be used as it is entirely a digital asset. There are no such an object as a coin and thus Bitcoin cannot be put into a ...
Ava Chow's user avatar
  • 70.4k
1 vote

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

Say you buy 1 TRX for $0.20 on monday and on tuesday the value of 1 TRX drops to $0.01. If you sell that 1 TRX on tuesday, you will receive $0.01 in return. So you lost $0.19. Let's say you choose ...
Lexus123's user avatar
1 vote
Accepted

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

The value of TRX relative to the dollar fluctuates, as do all cryptocurrencies. Whatever the price of TRX relative to the dollar when you sell TRX is the dollar amount you receive no matter what ...
Dr.Plastics's user avatar
1 vote

can I use bit coin to pay my overseas customers

Absolutely! Bitcoin can be transferred peer to peer, to anyone over the net. Now, you should note that: Bitcoin is very volatile. Bitcoin is very congested and slow these days, using litecoin or ...
Callerap's user avatar
  • 431
1 vote
Accepted

Internet of Money git download error

This isn't a problem with git. The problem is that the program 'a2x' is not found. Either you don't have it installed, or it can't be found in your path.
Jestin's user avatar
  • 8,812
1 vote
Accepted

Is 'hawala' and Bitcoin similar?

The major difference is, while Hawala means trust, Bitcoin does not depend on trust. Everything is made of cryptographical signatures, making it 100%** safe, while Hawala cannot / may not be trusted. ...
MCCCS's user avatar
  • 10.2k
1 vote

Will the amount of "usable" Bitcoins eventually drop to zero?

Lost bitcoin are protected by the same security that protects bitcoin in circulation or storage, hence lost coins are lost forever. There are many ways of looking at this "dilemma", and its effects ...
venzen's user avatar
  • 609

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