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- Hasn't Bitcoin been hacked in the past?
- The rules of the protocol and the cryptography used for Bitcoin are still working years after its inception...
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- Is Bitcoin secure?
- users can employ soundsecurity practicesto protect their money or use service providers that offer good levels of security and insurance against theft or loss....
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- What do I need to start mining?
- n the early days of Bitcoin, anyone could find a new block using their computer's CPU....
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- How does mining help secure Bitcoin?
- Mining creates the equivalent of a competitive lottery that makes it very difficult for anyone to consecutively add new blocks of transactions into the block chain....
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- Isn't Bitcoin mining a waste of energy?
- Spending energy to secure and operate a payment system is hardly a waste....
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- How does Bitcoin mining work?
- Anybody can become a Bitcoin miner by running software with specialized hardware....
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- What is Bitcoin mining?
- Mining is the process of spending computing power to process transactions...
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- What if someone creates a better digital currency?
- Bitcoin remains by far the most popular decentralized virtual currency...
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- What if someone bought up all the existing bitcoins?
- Only a fraction of bitcoins issued to date are found on the exchange markets for sale....
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- Isn't speculation and volatility a problem for Bitcoin?
- This is a chicken and egg situation. For bitcoin's price to stabilize...
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- Won't Bitcoin fall in a deflationary spiral?
- The deflationary spiral theory says that if prices are expected to fall, people will move purchases into the future in order to benefit from the lower prices....
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- Won't the finite amount of bitcoins be a limitation?
- Bitcoin is unique in that only 21 million bitcoins will ever be created....
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- Doesn't Bitcoin unfairly benefit early adopters?
- today's users may or may not be the early adopters of tomorrow....
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- Is Bitcoin a Ponzi scheme?
- Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses....
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- Is Bitcoin a bubble?
- A fast rise in price does not constitute a bubble....
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