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Author Topic: Frequently Asked Questions About Bitcoins  (Read 259 times)
vermigerous
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May 08, 2019, 12:52:39 PM
Merited by DdmrDdmr (3), OgNasty (1), OmegaStarScream (1)
 #1

So I found a site which answers most of the Questions of Newbies about Bitcoins, Not only newbies but some of our respected senior members might not know some of these questions. Maybe posting it here and make it look like simple will help many users in this forum.
I don't take any credits. all credits go to the owner of this site for making such wonderful contents about Bitcoins.
Reference: https://www.weusecoins.com/en/questions/

. General
. What is Bitcoin?
. Who created Bitcoin?
. Who controls the Bitcoin network?
. How does Bitcoin work?
. Is Bitcoin really used by people?
. How does one acquire bitcoins?
. How difficult is it to make a Bitcoin payment?
. What are the advantages of Bitcoin?
. What are the disadvantages of Bitcoin?
. Why do people trust Bitcoin?
. Can I make money with Bitcoin?
. Is Bitcoin fully virtual and immaterial?
. Is Bitcoin anonymous?
. What happens when bitcoins are lost?
. Can Bitcoin scale to become a major payment network?

. Legal
. Is Bitcoin legal?
. Is Bitcoin useful for illegal activities?
. Can Bitcoin be regulated?
. What about Bitcoin and taxes?
. What about Bitcoin and consumer protection?
. Is Bitcoin gambling legal?

. Economy
. How are bitcoins created?
. Why do bitcoins have value?
. What determines bitcoin’s price?
. Can bitcoins become worthless?
. Is Bitcoin a bubble?
. Is Bitcoin a Ponzi scheme?
. Doesn't Bitcoin unfairly benefit early adopters?
. Won't the finite amount of bitcoins be a limitation?
. Won't Bitcoin fall in a deflationary spiral?
. Isn't speculation and volatility a problem for Bitcoin?
. What if someone bought up all the existing bitcoins?
. What if someone creates a better digital currency?

. Transactions
. Are transactions anonymous?
. Why do I have to wait 10 minutes?
. How much will the transaction fee be?
. What if I receive a bitcoin when my computer is powered off?
. What does "synchronizing" mean and why does it take so long?
. What does increasing the block size limit mean?

. Bitcoin Mining
. What is Bitcoin mining?
. How does Bitcoin mining work?
. How much bandwidth does Bitcoin mining take?
. Isn't Bitcoin mining a waste of energy?
. How does mining help secure Bitcoin?
. What do I need to start mining?

. Security
. Is Bitcoin secure?
. Hasn't Bitcoin been hacked in the past?
. Could users collude against Bitcoin?
. Is Bitcoin vulnerable to quantum computing?

. Help
. I'd like to learn more. Where can I get help?

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nakamura12
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May 11, 2019, 08:32:29 PM
 #2

Good job for your efforts on making this thread about bitcoin. If happens that you forget some information about bitcoin or you are teaching someone about bitcoin then this is the thread to give to that person you are teaching so their questions will be answered and learn more.

Bitlover10
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May 14, 2019, 03:51:18 AM
 #3

I am new here and this is my first post of this forum. This is really very useful information for everyone but I am ooking for good wallet for Bitcoin. Which wallet is is good and secure for storing Bitcoin? If anyone provides that information then it's really appreciated.

rosezionjohn
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May 14, 2019, 05:23:31 AM
 #4

I am new here and this is my first post of this forum. This is really very useful information for everyone but I am ooking for good wallet for Bitcoin. Which wallet is is good and secure for storing Bitcoin? If anyone provides that information then it's really appreciated.

You can choose amoing:
Paper Wallet
Hardware Wallet
Web Wallet
Mobile Wallet
Desktop Wallet

Paper wallets and fardware wallets are the favorites for long term storage.
Follow this thread https://bitcointalk.org/index.php?topic=1631151.0 for detailed and comprehensive explanation.
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