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Why does bitcoin rise in value

why does bitcoin rise in value

What the answers to my question indicate is that there is no such thing as a Bitcoin - that the only fundamental difference between Bitcoin and, for example, the fiat "Dollar" is that Bitcoin is not legal. Are these limited only to verifying the transactions? :-/ Civic Cat ( talk ) 22:21, 12 December 2013 (UTC) You may have a valid point about the lede being difficult to understand without prior knowledge of the linked topics. I suggest "This master list of all transactions shows which addresses contain which spendable bitcoins work at home jobs mailing brochures and somehow defining addresses. Can you suggest a better one? Chris Arnesen 17:35, (UTC) Anyone is able to verify a transaction without the full Bitcoin software. Here's how that article starts "In the field of databases in computer science, a transaction log (also transaction journal, database log, binary log or audit trail) is a history of actions executed by a database management system to guarantee acid.

Why does the price of, bitcoin fluctuate?

The value of Bitcoin is determined solely by market demand. "currently and in the past and is maintained." is awkward language. Bitcoins transaction can't be traced with the same ease and the producer of a coin like m can stall the amount just because he knows the private key once and preserved. As for value, I suppose that one can make people believe it's valuableas some say such is the case with money-as-we-know it; but the important thing is, that issuers of our bills will take it back as payment. I like "specialized" for another reason : it might be interpreted as conveying the special role that miners play in the network. Fleetham ( talk ) 05:26, 14 December 2013 (UTC) Here's the sentence in question, "Increasingly, however, Bitcoin is also used to pay for products and services." To me there's no implication there about future use. There are enough active editors on this page currently to quickly revert any vandalism or unhelpful changes. So a better statement would be, "Most transactions don't require a fee to be processed by the network, making Bitcoin attractive for those seeking to transfer small amounts of money." However you feel about the points made above, the reference. We need to provide a multiple reliable sources that were created before this Wiki article started using "open source protocol". VinceSamios ( talk ) 18:27, (UTC) @ VinceSamios : In all cases I strongly oppose calling the block chain a log or ledger. In the first/second para, I think we need to do justice to simply what is Bitcoin (current lede does a good job) and why its important (first to solve double spend in decentralized payments).

Below is a very early draft, please why does bitcoin rise in value help elaborate, correct, improve, etc. As an example, if no one accepted dollars, dollars would not be valuable. So why not be precise and call it what it is? Why would we stop at? When paying with Bitcoin, no exchange of digital notes or tokens takes place between buyer and seller. Once the block is created by the bitcoin miner it is distributed throughout the Bitcoin network and the transactions it contains become part of the blockchain. Silbtsc ( talk ) 17:24, (UTC) The "all" modifier has been removed.

No one can predict with any certainty exactly how the price will progress in the future and whether it will actually fall or rise. Rezonansowy ( talk contribs ) 18:05, 31 December 2013 (UTC) Logo says "Logos are either purely graphic (symbols/icons) or are composed of the name of the organization (a logotype or wordmark)." So I don't know what you mean. CPU's are not very efficient at processing SHA256 hashes. Silbtsc ( talk ) 03:47, (UTC) By "transaction log" you mean "transaction database" In this article, when people say "transaction log" what they really mean is "transaction database" and we should stick to the latter. So this should have a significant precedence before we can do that. But anyway, thank for your idea. As the computing power behind Bitcoin increases or decreases, the mining difficulty needs to adjust to maintain that 10 minute target.

why does bitcoin rise in value

Why Does, the, value

Cheers, Chris Arnesen 03:18, 19 December 2013 (UTC) Chris Arnesen : Thanks. or they might mean "a dollar bill" (i.e. I've been reading some analysis that what the Chinese central bank didn't say is more important than what they did say. If you bought them from an exchange or Coinbase or anywhere else except on the street with cash (or mined them yourself somebody out there also knows how to translate that pseudonym into your real name. You accidentally changed it when moving all the stuff around. More to the point, unless we have reliable sources describing bitcoin as having intrinsic value, we can't say that it does. Why has that become so prevalent as THE bitcoin logo? Please restore it to previous state. The global financial market is based on trust between companies, individuals, and governments. This is when investors sell their Bitcoins on a large scale in order to redeem the value gain in fiat money (for example, before Christmas or at the end of the financial year). I prefer the latter but would accept the former.

Why, is The, value

Both of these platforms allow you trade Bitcoins fast using any currency available to you. Majority counts only when I want to change the protocol or erase a previously confirmed transaction. Rezonansowy ( talk contribs ) 18:55, 31 December 2013 (UTC) Yes I've visited the forum thread, but I didn't really need to because the proposed compromise image has already been uploaded to the Wikipedia Commons and included. Problem w"ng amount in bit coins is the average reader wouldn't under the scale of what the number means. While this may be complete rubbish, it's not the kind of thing the mainstream media may report. What we'd really like to see is an article that describes how widespread a phenomenon this is, and also how much fraud there has been involving said physical bitcoins. I removed "open source" because I'm not quite sure it's true, and it's less relevant than the other linked concepts. Chris Arnesen 20:53, 12 December 2013 (UTC) Here's an article that might be a good reference on this subject bersalon. So, I'm not sure the best thing to publish is something that suggests a course of action that could very well result in the loss of large sums of money for those who act.

why does bitcoin rise in value

Why Does, the, bitcoin, value, increase - Knight Online Minör

Chris Arnesen 17:39, 23 December 2013 (UTC) What? The reasons are as follows: asics (specialized/exotic computer) are extremely narrow in scope. Aztecs used cacao beans in trade. (not really).Also where can I buy those special computers? Rezonansowy ( talk contribs ) 14:54, 17 December 2013 (UTC) Those are websites. Chris Arnesen 00:10, (UTC) The precise phrase "uses cryptography to control the creation and transfer of money" has been replaced with the vague expression "uses cryptography for security" with an edit note "no easily found citation". The article goes on to say the FBI seized "144,000 bitcoins" which is a much better value to publish in this regard. For large transactions, the low fees don't enter the calculus in any meaningful way; no rational businessperson would transfer a large amount of money by a method that charged a fee proportional to the amount transferred, Bitcoin or otherwise.

8 VinceSamios ( talk ) 19:28, 21 December 2013 (UTC) Discuss. My suggestion "144,000 bitcoins (US28.5mil at the time VinceSamios ( talk ) 09:45, (UTC) Further, the FBI still owns them and we don't know what value they will place on them when Ross Ulbricht is put on trial. Chris Arnesen 18:14, (UTC) @ Chrisarnesen : As stupid as it sounds I forgot I posted this to talk, not intentional, my appologies. (see also seinorage, ponsi scheme, counterfeiting Private_currency Preceding unsigned comment added by ( talk ) 14:47, 26 December 2013 (UTC) Baidu and the People's Bank of China This sentence should be revised since the Chinese central bank has barred financial institutions. From your backdoor example, my understanding is you seem to convey Bitcoin Protocol is open for full inspection by public.