How much will transaction fees eventually be? How can I bitcoin network speed Bitcoin via a Credit Card or Paypal?
Why is 6 the number of confirms that is considered secure? How can I accept bitcoins on my website? Latest Questions Why is the disappearance of Mt Gox a problem? How to check on speed of the synchronizing progress? If not, don’t be afraid to ask! Frequently Asked Questions Find answers to recurring questions and myths about Bitcoin.
Is Bitcoin really used by people? How difficult is it to make a Bitcoin payment? What are the advantages of Bitcoin? What are the disadvantages of Bitcoin? Can I make money with Bitcoin? Is Bitcoin fully virtual and immaterial? What happens when bitcoins are lost?
Can Bitcoin scale to become a major payment network? Is Bitcoin useful for illegal activities? What about Bitcoin and consumer protection? 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? 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? 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? Hasn’t Bitcoin been hacked in the past? Is Bitcoin vulnerable to quantum computing? Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.