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Bitcoin FAQ

What is Bitcoin?

How does Bitcoin work?

Who created Bitcoin?

Who controls the Bitcoin network?

Is Bitcoin really used by people?

How does one acquire bitcoins?

How difficult is it to make a Bitcoin payment?

What are the advantages of Bitcoin?

What are the disadvantages of Bitcoin?

Why do people trust Bitcoin?

Can I make money with Bitcoin?

Is Bitcoin fully virtual and immaterial?

Is Bitcoin anonymous?

What happens when bitcoins are lost?

Can Bitcoin scale to become a major payment network?

Is Bitcoin legal?

Is Bitcoin useful for illegal activities?

Can Bitcoin be regulated?

What about Bitcoin and taxes?

What about Bitcoin and consumer protection?

How are bitcoins created?

Why do bitcoins have value?

What determines bitcoin's price?

Can bitcoins become worthless?

Is Bitcoin a bubble?

Is Bitcoin a Ponzi scheme?

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?

What is Bitcoin mining?

How does Bitcoin mining work?

Isn't Bitcoin mining a waste of energy?

How does mining help secure Bitcoin?

What do I need to start mining?

Is Bitcoin secure?

Hasn't Bitcoin been hacked in the past?

Hasn't Bitcoin been hacked in the past?

Is Bitcoin vulnerable to quantum computing?

What if I have more questions about Bitcoin?