Where can i buy bitcoins with paypal?

Where can i buy bitcoins with paypal?Bitcoins are a decentralized digital currency. When you like to buy some bitcoins via paypal, but would like recommendations of trusted sources you can try http://www.bitcoinmarket.com, http://coinpal.ndrix.com, http://www.mtgox.com (Buy Bitcoins at market rates with Dwolla, bank transfer and many other payment methods) http://bitmarket.eu.Where does the value of Bitcoin stem from? What backs up Bitcoin?Bitcoins have value because they are accepted as payment by many. See the list of Bitcoin-accepting sites.When we say that a currency is backed up by gold, we mean that there's a promise in place that you can exchange the currency for gold. In a sense, you could say that Bitcoin is "backed up" by the price tags of merchants – a price tag is a promise to exchange goods for a specified amount of currency.

It's a common misconception that Bitcoins gain their value from the cost of electricity required to generate them. Cost doesn't equal value – hiring 1,000 men to shovel a big hole in the ground may be costly, but not valuable. Also, even though scarcity is a critical requirement for a useful currency, it alone doesn't make anything valuable. For example, your fingerprints are scarce, but that doesn't mean they have any exchange value.

What if someone bought up all the existing Bitcoins?

What if somebody bought up all the gold in the world? Well, by attempting to buy it all, the buyer would just drive the prices up until he runs out of money.Not all Bitcoins are for sale. Just as with gold, no one can buy a Bitcoin that isn't available for sale.

Doesn't Bitcoin unfairly benefit early adopters?

Early adopters have a large number of bitcoins now because they took a risk and invested resources in an unproven technology. By so doing, they have helped Bitcoin become what it is now and what it will be in the future (hopefully, a ubiquitous decentralized digital currency). It is only fair they will reap the benefits of their successful investment.

In any case, any bitcoin generated will probably change hands dozens of time as a medium of exchange, so the profit made from the initial distribution will be insignificant compared to the total commerce enabled by Bitcoin.

Is Bitcoin a Ponzi scheme?

In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.

A ponzi scheme is a zero sum game. Early adopters can only profit at the expense of late adopters. Bitcoin has possible win-win outcomes. Early adopters profit from the rise in value. Late adopters profit from the usefulness of a stable and widely accepted p2p currency.

The fact that early adopters benefit more doesn't alone make anything a ponzi scheme. Apple stocks aren't ponzi even though the early investors got rich.

Is Bitcoin a bubble?

Yes, in the same way as the euro and dollar are. They only have value in exchange and no value in use. If everyone suddenly stopped accepting your dollars, euros or bitcoins, the "bubble" would burst and their value would drop to zero. But that is unlikely to happen: even in Somalia, where the government collapsed 20 years ago, Somali shillings are still accepted as payment.

Can I buy Bitcoins with Paypal?

Can I buy Bitcoins with Paypal?,this is the most ask in USA.It's possible to find an individual who wishes to sell Bitcoin to you via Paypal,(maybe via #bitcoin-otc ) most major exchanges do not allow funding through Paypal. This is due to repeated cases where someone pays for Bitcoins with Paypal, receives their Bitcoins, and then fraudulently complains to Paypal that they never received their goods. Paypal too often sides with the fraudulent buyer in this case, and so exchangers no longer allow this method of funding.

Where can I find a forum full of Bitcoin users?

There are many forums ou there that are based on Bitcoins although the off-site active bitcoin forum would be http://bitforums.net. The other on-site forum is located on http://bitcoin.org

Buying Bitcoins from individuals with this method is still possible, but requires mutual trust. In this case, Bitcoin seller beware.

How are new Bitcoins created?

Number of bitcoins over time, assuming a perfect 10-minute interval.

New coins are generated by a network node each time it finds the solution to a certain mathematical problem (i.e. creates a new block), which is difficult to perform and can demonstrate a proof of work. The reward for solving a block is automatically adjusted so that in the first 4 years of the Bitcoin network, 10,500,000 BTC will be created. The amount is halved each 4 years, so it will be 5,250,000 over years 4-8, 2,625,000 over years 8-12 and so on. Thus the total number of coins will approach 21,000,000 BTC over time.

Blocks should be generated every 10 minutes, on average. As the number of people who attempt to generate these new coins changes, the difficulty of creating new coins changes. This happens in a manner that is agreed upon in advance by the network as a whole, based upon the time taken to generate the previous 2016 blocks. The difficulty is therefore related to the average computing resources devoted to generate these new coins over the time it took to create these previous blocks. The likelihood of somebody creating a block is based on the calculation speed of the system that they are using compared to the aggregate calculation speed of all the other systems generating blocks on the network.

Bitcoins are the unit of first peer to peer electronic currency

Bitcoins are the unit of first peer to peer electronic currency of the Bitcoin system. A commonly used shorthand for this is “BTC” to refer to a price or amount (eg: “100 BTC”). A Bitcoin isn't tangible. It is just a number associated with a Bitcoin Address. See also an easy intro to bitcoin.

However, if you don’t know what the whole ‘bitcoin’ thing is about, you may be confused.

“What Are Bitcoins?” is a common question that we get at FreeBitcoins.org – so we made up some useful pointers to help explain what it’s all about:

• Bitcoin is the world’s first peer to peer electronic currency! It’s like bittorrent, except totally legal.

• If you understand that Paypal = money, then you can apply the same thinking for bitcoins – it’s like paypal without all the huge fees and restrictions.

• If you understand how gold and silver = money, then think of bitcoins as the electronic version of gold & silver. There’s only a limited supply of them, and people trade them for items and money.

• No person or company is behind bitcoin, bitcoins are owned by the people who are connected to the bitcoin network (like you and me).

• When you send someone bitcoin, there’s no chargebacks. Bitcoin transactions are anonymous and private.

• Bitcoins are going up in value every day. People buy bitcoins like gold and silver. Owning bitcoins is highly recommended.

How can I get Bitcoins? 

There are a variety of ways to acquire Bitcoins:

• Accept Bitcoins as payment for goods or services.

• There are several services where you can trade them for traditional currency.

• Find a local trader on tradebitcoin (or somewhere else) and trade with him in cash.

• Create a new block (currently yields 50 Bitcoins).

• Participate in a mining pool.

What's the current total number of Bitcoins in existence? 

The number of blocks times the coin value of a block is the number of coins in existence. The coin value of a block is 50 BTC for each of the first 210,000 blocks, 25 BTC for the next 210,000 blocks, then 12.5 BTC, 6.25 BTC and so on. 

How divisible are Bitcoins? 

Technically, a Bitcoin can be divided down to 8 decimals using existing data structures, so 0.00000001 BTC is the smallest amount currently possible. Discussions about and ideas for ways to provide for even smaller quantities of Bitcoins may be created in the future if the need for them ever arises. 

What do I call the various denominations of Bitcoins? 

There is a lot of discussion about the naming of these fractions of Bitcoins. The leading candidates are:

• 1 BTC = 1 Bitcoin

• 0.01 BTC = 1 cBTC = 1 Centi-Bitcoin (also referred to as Bitcent)

• 0.001 BTC = 1 mBTC = 1 Milli-Bitcoin (also referred to as mbit (pronounced em-bit) or millibit)

• 0.000 001 BTC = 1 μBTC = 1 Micro-Bitcoin (also referred to as ubit (pronounced yu-bit) or microbit)

The above follows the accepted international SI units for thousandths, millionths and billionths. There are many arguments against the special case of 0.01 BTC since it is unlikely to represent anything meaningful as the Bitcoin economy grows (it certainly won't be the equivalent of 0.01 USD, GBP or EUR). Equally, the inclusion of existing national currency denominations such as "cent", "nickel", "dime", "pence", "pound", "kopek" and so on are to be discouraged. This is a worldwide currency.

One exception is the "satoshi" which is smallest denomination currently possible

• 0.000 000 01 BTC = 1 Satoshi (pronounced sa-toh-shee)

which is so named in honour of Satoshi Nakamoto the pseudonym of the inventor of Bitcoin.

For an overview of all defined units of Bitcoin (including less common and niche units), see Units.

Further discussion on this topic can be found on the forums here:

• We need names

• What to call 0.001 BTC