osmosis
  • Member for 10 years, 4 months
  • Last seen more than 7 years ago
What is a good way to concisely explain Bitcoin?
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150 votes

Bitcoin is a new kind of money. It's the first decentralized electronic currency not controlled by a single organization or government. It's an open source project, and it is used by more than 100,000 ...

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Why is 6 the number of confirms that is considered secure?
Accepted answer
20 votes

Here are some of the relevant sections from Satoshi's paper: http://bitcoin.org/bitcoin.pdf "11. Calculations We consider the scenario of an attacker trying to generate an alternate chain faster than ...

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What is a good way to concisely explain Bitcoin?
9 votes

Bitcoin is an internet currency. Bitcoin is a decentralized currency. Bitcoin is a predictable currency. Bitcoin is open source. Bitcoin is getting stronger every day. Bitcoin is an experiment that ...

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How can I send Bitcoins via SMS?
8 votes

Just an account on http://phoneco.in/ because thats exactly what the service does. [Update: Phoneco.in is defunct.] Update: A new service as well to check out. http://dialcoin.com/ [DialCoin's site ...

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Why is Bitcoin fair?
8 votes

It is not that someone gets money for hearing about Bitcoin before you. They get money for TAKING ACTION before you did. What gives Bitcoin value is all the people working on the software and services ...

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Can I send bitcoins with my mobile phone?
Accepted answer
7 votes

Don't use Bitcoin by Bitcoin Android. It is unmaintained, it starts crashing and doesn't load anymore, and there is no way to get your bitcoins out. Someone should really get the developer to take it ...

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Is there data on the geographic distribution of bitcoin users?
Accepted answer
5 votes

This shows bitcoin nodes based on IP address location. http://www.weusecoins.com/globe-bitcoin/ (UPDATE: link is broken)

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Can I sell items on Etsy using Bitcoin?
4 votes

Etsy merchants that accept bitcoin have been tagging their shop items with 'bitcoin' so that a simple search shows what is available: http://www.etsy.com/search?q=bitcoin An email to support@etsy.com ...

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Where do bitcoins come from and what gives them their value?
4 votes

From my research the best short answer is that they have use value as a medium of value exchange. Their use value comes from having properties of gold (limited supply), and digitally transferable over ...

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Does hoarding really hurt Bitcoin?
4 votes

Hoarding and saving is the same thing. So is having a savings account bad? Save as much as you can, spend what you need to. If you feel bitcoin is too risky, dont invest that much or diversify and ...

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A list of trusted Bitcoin websites?
2 votes

List of bitcoin websites on http://stuffexists.com/ If you find any "untrusted" sites on there, there email is at the bottom and you can let them know.

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Is there a list of established sites that have started accepting Bitcoin?
2 votes

http://stuffexists.com/ has a good list.

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Are Bitcoins destined to forever increase in value?
2 votes

The will go up in value as long as more people continue using them and the demand outpaces the creation of the supply. But once the market is saturated (i.e. the whole world) then the value of ...

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How do I accept bitcoin payments at a real world store?
1 votes

Accepting bitcoin is easy. Create an account on coinbase.com Go to: Linked Accounts -> Link a bank account. then Merchant Tools -> Merchant Settings -> Check, "Instantly exchange my bitcoins to USD ...

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What is the best way to exchange MTGUSD to USD?
1 votes

Just found this site recently, looks great: https://www.aurumxchange.com/

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Are there any poker websites that accept bitcoins?
1 votes

Check out the GAMES section on http://stuffexists.com/ It shows: BtcOnTilt.com , BitJack21.com , StrikeSapphire.com , BitWorldPoker.com , Betco.in , SealsWithClubs.org

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Is there a Drupal shopping cart interface for Bitcoin?
1 votes

Closest thing I have seen is Community Accounting for Drupal http://drupal.org/project/mutual_credit "An all-embracing and flexible package which includes a mutual credit ledger, super-configurable ...

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How do I accept bitcoin payments at a real world store?
1 votes

Create a "We accept Bitcoin!" display: http://ma.eatgold.com/accept/ If you want to verify that bitcoins have been received you can look on blockexplorer.com. The format is http://blockexplorer.com/...

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What article started the Bitcoin bubble?
0 votes

This was a big one that probably didnt start it, but fueled it and kept it going, http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

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Where do bitcoins come from and what gives them their value?
0 votes

The question is not very well worded, but I this article is the best response to the question of "What backs Bitcoins?" libertariannews.org/2011/12/01/why-do-people-want-a-gold-standard-when-history-...

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