Specifically, the economy which has sprung up around the Bitcoin project including goods and services purchasable with bitcoins. Do not use for questions about Bitcoin deflation, etc. as such questions are better tagged "Economics"
Questions tagged [bitcoin-economy]
71 questions
113
votes
13 answers
Is there a way to set up proof-of-work systems so they would be even more useful?
One of the arguments made against Bitcoin's design choices is that it wastes resources authenticating transactions. In particular, finding small hashes is completely useless for the world.
Are there approaches (or other crypto-currencies) that use…
Artem Kaznatcheev
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53
votes
14 answers
Will deflation destroy Bitcoin?
With the limited total quantity of bitcoins, and people losing their wallets constantly decreasing that number, won't rampant deflation destroy Bitcoin?
eMansipater
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41
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5 answers
What will happen to mining after the 20 999 999th Bitcoin?
After the 21 millionth bitcoin or 20,999,999th bitcoin is mined, what will happen to bitcoin mining? - will it just stop, or will we make a further division of the satoshi thanks to Bitcoin's infinite divisibility? Or maybe miners could mine a share…
Marco Scannadinari
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23
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3 answers
How does lost BTC affect the market in the long run?
I bought some bitcoins in 2012 and forgot about it. Now years later I discovered that the company who maintained the wallet went bankrupt and their website no longer works.
I therefore have lost access to my bitcoins forever.
I assume my story is…
Michael Seltenreich
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20
votes
5 answers
Are Bitcoins destined to forever increase in value?
The idea of a currency with a limited number of units seems to me to be fundamentally different to existing currencies. While other currencies are generally based on permanent inflation - more 'units' coming into the currency pool - which causes…
Jez
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20
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8 answers
Where can I sell things for bitcoins?
I have old items that I want to sell for bitcoins. This includes digital content and physical objects.
What websites can I use to sell them?
nmat
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19
votes
10 answers
Effect on economy if Bitcoin was widely adopted
What would the effects be on the world economy if several million people around the world would utilize the Bitcoin currency for their daily transactions? Would you expect the GDP to grow faster or slower and why?
I am interested in this, because…
David
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18
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6 answers
Will forks and alternative block chains cause hyper-inflation of decentralized digital money?
Great effort has been put into Bitcoin's concept of money supply and that there will never be more than 21 million units.
However, it's relatively easy to fork it and create alternate block chains. SolidCoin, IXCoin, IOCoin etc are much less worth,…
herzmeister
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15
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7 answers
What are some ways that the powerful elite can thwart cryptocurrencies?
What are some ways that the powerful elite can thwart cryptocurrencies?
Cryptocurrencies appear to be not susceptible to most forms of power, regulation, or control. Due to their decentralized and anonymous nature, they are often touted as an…
Troy toy
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15
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1 answer
Is Bitcoin suitable for fast transactions, eg in shops?
Let's say all usability problems were solved. I'm imagining something like shops with tills that present QR codes for the amount and payment address for a transaction, and mobile clients exist that can scan them and present and easy Pay / Do Not Pay…
Ash Moran
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15
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11 answers
Where can I find people willing to pay me in bitcoin for services?
For those of us unable or unwilling to spend our native currencies on bitcoin, but willing to work for them. Where are the bitcoin-jobs(or micro-jobs) to be found?
lathomas64
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14
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2 answers
How could recurring payments be implemented?
I pay for some things on a regular basis. They generally fall into two categories:
Things I pay for or lose, eg a variety of online services (Spotify for example)
Things I'm legally obliged to pay because I've signed a contract (my mobile bill, for…
Ash Moran
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13
votes
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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11
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5 answers
Can bitcoin transaction data be used to study markets?
The nice thing about bitcoin is that it generates partially anonymous data about every single transaction. Can this data be used to gain insight about real-world markets? Or are there some fundamental differences that cannot be accounted for? If…
Artem Kaznatcheev
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11
votes
4 answers
Is there already an existing closed cash flow loop for the currency BTC?
Loop means:
merchant will get delivered goods from producer in BTC
customer will buy goods from merchant in BTC
factory worker will get salary as BTC (at least in parts)
At this loop there is no necessity to exchange BTC to local currencies and…
Joachim
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