Questions on: economics - страница 5

Investors and economists have spent much time discussing the ‘real’ worth of bitcoin, which should ultimately be reflected in its price. This is easier said than done. At the simplest level, the floor ‘value’ of a bitcoin is the amount of electricity
Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, and holds reserves that are equivalent to a fraction of its deposit liabilities. [1] Reserves are held at the bank as currency, or as deposits in
Bitcoin withdrawals at MtGox, once the world's largest Bitcoin exchange, still have not resumed since the Tokyo-based firm announced its software had failed to account for an unusual, exploitable feature of Bitcoin's key protocol. As it turned out, t
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 to double spend. It is not backed up by anyone, but
What is cloud mining? In simple words, mining is providing Bitcoin network with computing power for which miners receive new Bitcoins. The more computing power (hashrate) you provide, the more bitcoins you can mine. Nowadays the technology has advanc
The limitation in the number of bitcoins is by design and determined in the protocol code. It is a desirable feature because it makes the money supply predictable and independent of human decisions like it happens with fiat money. You are right about
Ask YOUR question! Check out Bitcoin StackExchange! See if your questions are among the 8,000+ queries already answered. If not, don't be afraid to ask! Find answers to recurring questions and myths about Bitcoin. Table of contents General What is Bi
Ask YOUR question! Check out Bitcoin StackExchange! See if your questions are among the 8,000+ queries already answered. If not, don't be afraid to ask! Find answers to recurring questions and myths about Bitcoin. Table of contents General What is Bi