Bitcoin F.A.Q’s



This page can help with questions about Bitcoin (XBT)


Is Bitcoin a Ponzi or pyramid scheme?

See the canonical “newbie-friendly” thread for this question. Where do I get free bitcoins?


What if someone bought up all the existing bitcoins?

Discussion thread here

What is a 51% attack? And what is double spending?

Discussion thread here

Won’t loss of wallets and the finite amount of bitcoins create excessive deflation, destroying Bitcoin?

Discussion thread here

What happens if someone starts another blockchain or cryptocurrency?

Discussion thread here

How can I store bitcoins securely?

Instructions here.

What are the pros and cons of using new bitcoin addresses for each transaction?

Discussion here.