Questions tagged [money]
50 questions
17
votes
4 answers
What happens when a gateway on the Ripple network defaults or simply vanishes?
What happens when a gateway on the Ripple network defaults or simply vanishes? Do people that got their money from it lose that money, do other gateways honour the IOUs issued by that gateway still, or does something else happen?
ThePiachu
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15
votes
3 answers
What are the most notable cases of Bitcoin scams?
Bitcoins can be easily used to scam people out of their money due to the inability to perform charge-backs. What are the most notable cases of Bitcoin scams that are known?
ThePiachu
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15
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2 answers
Why can we have small fractions of a Bitcoin?
I didn't study the inner workings of Bitcoin (yet), but already since when I just started using it, I wondered why a Bitcoin can be split up in parts.
Because there is a limit on the amount of Bitcoin that can be mined ever, fractioning Bitcoins is…
Steven Roose
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13
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5 answers
Does the bitcoin design make bitcoins suitable as a medium of exchange, a store of value, or both?
Money is often seen as having various functions, such as "medium of exchange" (something useful for conducting transactions, and "store of value" (something valuable as an investment).
Was bitcoin designed to provide both functions, or just one? …
nealmcb
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12
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2 answers
How do wallet developers earn money?
Does anyone know how the Bitcoin wallet developers earn money?
Do they live on only donations? Is it possible to survive on only donations?
Why would they develop wallets if they don't make any profit from it? :)
Greenex
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9
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2 answers
What is the cheapest way to deposit money into a Bitstamp account from the US?
What is the cheapest way to deposit money into a Bitstamp account? They offer a number of ways, but what is the easiest for someone in the US?
Throsby
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9
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2 answers
Who earns transaction fee in Ripple?
In Bitcoin, fees are earned by the miners. Who earns the transaction fees in Ripple?
ThePiachu
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8
votes
3 answers
Which payment processors do not allow for chargeback?
I would like to receive a payment for selling my bitcoins. I don't trust the person much, so I will ask for money in advance. However, I'm not sure which payment processors could I use for such a transactions that are chargeback-resistant. I know…
ThePiachu
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7
votes
4 answers
How Ripple actually transfer money from one bank to another?
Imagine there is bank A from USA and bank B from England, and they are both on Ripple Network.
Bank A wants to transfer $100 to bank B.
How does bank A put money in the Ripple network? Does it need to buy XRP from some gateway?
Suppose bank A…
Leandro
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6
votes
1 answer
How divisible are ripples?
How divisible are ripples (XRP)? With 100 billion of the currency units being created at system inception one could assume that they are akin to satoshis, but during the operation of the system I found my balance being charged sub-ripple amounts for…
ThePiachu
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5
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1 answer
What aspects of Money Order laws will apply to merchants who use Bitcoin?
There are several money order laws that apply to merchants who accept them. Bitcoin seems to have properties of a money order, but also some aspects of value that are driven by demand.
I'm looking for a clear and reasonable explanation of:
How do…
makerofthings7
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5
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Would the existance of other cryptocurrencies negatively effect Bitcoins?
Would the existence of other cryptocurrencies negatively effect Bitcoins? It seems that other forms of cryptocurrencies would be competition to Bitcoins. Alternately, would it be like having other currency units like real money where the English…
Devyn Collier Johnson
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4
votes
1 answer
Why might MultiBit not show a transaction that was sent to me?
So i recently bought a bitcoin from a vendor , and i had it sent to my Address in multibit.
Now the problem is , the money isn't there and i'm not sure what to do.
He told me to get bitcoin (program) and now it's starting to download a chain.…
David
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4
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1 answer
How does one get money into the Ripple system?
How does one get money into the Ripple system? There appear to be ways how one can lend various currencies in the system, but how does one get non-debt money into Ripple?
ThePiachu
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4
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3 answers
Have there been cases of traditional money theft from Bitcoin exchanges?
There have been a number of cases of thefts or losses of Bitcoins from a few Bitocoin exchanges, but has there ever been a case of traditional currency being stolen or lost by an exchange?
ThePiachu
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