Questions on: economy

There won't many statistics obtained from a psuedonymous digital currency, so unless there is data released voluntarily there is mostly only educated guesses as to how how much bitcoins are used for specific transactions. BitPay, the largest payment
According to xkcd: Money Chart estimated total economic production of the human race as of 2011 is $2,396,950,000,000,000 . Divide it by 21 million and the theoretical maximum price per bitcoin would be $114,140,476, but that figure is impossible, be
Though it might not help much with economics, if you run a node then you can also gather information on orphaned blocks, IP addresses, and unconfirmed transactions (some of which may never confirm, if insufficient transaction fee is paid or the trans
I'm just learning/getting started with bitcoin and one thing that's obvious straight away, is that the more computational power you can throw at it (with the cheapest energy possible), the more coins you can make. Lots of people mining coins (myself
Bitcoin exchange Mt Gox has admitted that nearly $500 million in bitcoin has “disappeared”, in a new statement posted online, blaming abuse of a bug in the system. Chunks of computer code have appeared on Pastebin which appear to be part of the backe
I like this question1 - we don't get many big picture questions. How could Bitcoin change the world? A mature digital cryptocurrency could reduce trade barriers and thus increase the rate of productivity dispersion throughout society. As money is a f
Idealists might argue that Bitcoin was developed to forever change the financial landscape, and would be affronted at the suggestion that Satoshi was out for profit. Skeptics might call the whole thing the most elaborate Ponzi scheme ever envisioned.
If I understand you correctly, the answer is yes. You could use a Bitcoin-like system simply to track the movement of 'shares' or 'units'. All the 'coins' could start out pre-mined, and the system's sole purpose could be to track the movement of thos
Learn about Bitcoin mining. To understand Bitcoin, it is important to understand Bitcoin mining, which is the process by which Bitcoin are created. While mining is complex, the basic idea is that each time a Bitcoin transaction is made between two pe
Therefore, there will be very little impact on the "Bitcoin economy" due to the introduction of massively greater hashing capacity that will come from ASIC designs entering Bitcoin mining production. As far as the block reward subsidy drop from 50 BT