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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.