Bitcoin Forum

Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money thats possible or not?

I will assume that "real money" means "physical money" and "fake money" means "virtual money"  since I didn't fully understand what you are trying to say here.
If you mean physical coins , then I guess they was creating them at some point and for some reasons they stopped ? I'm not sure why , see here : http://www.coindesk.com/10-physical-bitcoins-good-bad-ugly/

I think TS means if we can make counterfeit bitcoin and spend them like they were real bitcoin.

This is fortunately not possible, because every transaction is checked by the nodes. If the input of the transaction is not correct, the nodes will reject it.

One of the beauties of bitcoin is that it is not possible to make fake coins on the main bitcoin chain. You can make a different bitcoin chain (fork) though, but nobody will accept transactions from that chain.

Yeah, I also think like that. But if that's the case, then chaos will happen in every country. Because the bitcoin is a currency that does not have an nationalities who created, so if it's made (real money) then we will get the high taxes and cost of each use bitcoin will be higher

I dont think that will possible, imagine everyone is making new money, it will be disaster in everywhere and then it will be impossible to determine the value of the coin, so in order to make new coin or money you need to attract people to use your money so your money has the value of transactions

I think you can not, bitcoin is bitcoin. although we will make the coin then we will make altcoin.
because bitcoin stand-alone and has a different algorithm.

i am not sure about what you are trying to ask here but if you are talking about making fake bitcoin as it is possible to make fake money, then i suggest you read more about how bitcoin works and how it is being created. you can not do such thing with bitcoin.

please make you question more clear so we can explain better.

Are you saying making BTC into a real physical money or a gold coin or something? Then it will lose its functionality. You won't be able to transact online and it won't be any convenient to anybody as it is a physical coin. There won't be any satoshis available for us only 1 BTC as the lowest money. Also The govt won't allow it to be circulated. 

well bitcoin was made to be digital currency(or just call it money) and not going to compete on real world as physical currency or maybe bitcoin will have a little chance to be success for becoming phyiscal money when bitcoin already success as digital currency,i guess we don't need to use 2 phyiscal currency at the same time

LOL, it's will never possible, because in fact bitcoin is a system to make a easier for the human life, and the main purpose bitcoin is made for making the transaction of the human is easier than using a fiat money maybe I can call it the revolutionary of fiat money.

it is impossible to  counterfeit bitcoins, it is possible to create the same cryptocurrency but people will be able to see that it is not genuine bitcoins

If you could "make" Bitcoin besides mining them,then Bitcoin wouldn't have a price, it would be worthless due to infation alone.

lol, have you heard about altcoins? if i understood what you said(and its hard) then altcoins is what you are talking about.
and if you want one fake BITCOIN running in bitcoin blockchain, that's impossible.

We can't make our own Bitcoin or just "print" it because the blockchain doesn't allow for it, and that would massively devalue Bitcoin and make it next to worthless because it breaks the fundamental limit of 21m Bitcoins ever being in existence, and changing that would make Bitcoin no more different than other forms of fiat. Part of what Bitcoin is, is an appreciating currency, and thus you cause a large portion of the value to be lost.

it is impossible for people to create bitcoins just like print the money, in my opinion it is one of the things what makes bitcoin a perfect currency

If you are asking if you can make your own crypto currency, then yes you can. Anyone can start an alt coin but it is very unlikely that you can get people to mine it unless it has some unique features.

That is not possible of making duplicate Bitcoin as each and every transaction goes by a unique transaction , that is why what and all wrong you can do in fiat currency that and all are not possible with bitcoin, you can only make a crypto currency on the same technology of bitcoin. in paper money only you can make fake this is online currency you cannot make duplicate of the same transaction.

We can make altcoin with same specification like bitcoin but bitcoin is not actually a fake money as you have said. Bitcoin is virtual money and value of it is determined by community not by any central body like banks and governments.

The whole point of Bitcoin is that it cannot be created out of thin air. To increase the supply you need proof of work, contrary to fiat.

thats true, people would just making bitcoins all the time to make profit and it would make bitcoins disappear in a longer run most probably

Obviously you cant create Bitcoins yourselves to be used on the Bitcoin blockchain, with Bitcoin public ledger everyne can check its not valid transaction.

But any service where you deposit your real Bitcoin while you get Bitcoin IOU back can create as many Bitcoin IOUs out of thin air for their users as they want, but obviously converting these Bitcoin IOUs back to real Bitcoin which can be used on blockchain can be sometimes very tough task, as the Bitfinex shoved.

Your question is not clear mate, but if you are asking about creating another altcoin (crypto currency) the answer is yes, you can create it but you have to make it unique to encourage people mining it.

Your question is not clear to us,to fully understand how blockchain and bitcoin works you should read more about this subject you can to coindesk,they had lots of good articles there and youtube also has a lot of great videos that can explain further everything you need to know about bitcoin..

I believe he's asking about whether or not we have the ability to print our own Bitcoin and break the 21m limit that the blockchain has. I could be wrong, but it definitely seems like he wants to be able to get Bitcoin for free and not have to mine it or anything. Which could make sense for someone just starting out.

yeah it is actually possible in my opinion, it is even possible to make the copy of bitcoins though it would be just an altcoin that would be worth nothing

Real bitcoins is present in the world, As I have read in one news. there is ATMs in European countries and If you put your fiat currency and It will return back equivalent fiat which is coded with private key for that specific amount of bitcoin.

You could print BTC logos into pieces of paper with your home printer then ask people around whether they would exchange their fiat money for your "BTCs"  :D

Nah, don't, I doubt that action would bring you any good eventually.

yes you could make a copy cat for bitcoin it is possible to do so but first of all you must figure out satoshi nakamoto

because only him or them could make bitcoin and if you had found him/them just asking how to create bitcoin

 How many people have bank cards in this moment? We receive salary there, we pay with that card everywhere, we don't see that money, they just transferring money from place to place and we pay fee's for that. 30 years ago that was just a dream, now we have people who are fighting against it but world is found and doesn't wait for anyone.

 Bitcoins are strange thing for many, but for 20 30 years people will use it more then now, and just few conservative groups will fight against it. In modern times there will be no need for physical money in my opinion.

Bitcoin is the greatest digital revolution of our time. Its the internet money. Luckily for us it cannot be counterfeited. I don't want to express myself with writing long sentences but I will leave you one song which I am sure you will like.

Here it is

https://www.youtube.com/watch?v=7gfBP8kPzRA

bitcoin is digital currency that is not physically, making it difficult for people to make false bitcoin.

whereas fiat physically, so it was easier if people make money with fake physical.

That is impossible for the simple fact that every transaction is recorded in the blockchain and there has not really been any way for breaching it and placing a fake transaction or generating the so called 'fake' bitcoins.
'Fake transaction' are handled and it is not possible as double spending are eliminated with bitcoin network confirmations.

bitcoin is digital currency and to make it real it will be long time ahead, first that needs to accepted as legal currency many countries , popularity should grow . on fiat money depends on economic growth of the countries  and where as bitcoin is crypto currency.

i can't imagine if bitcoin can be made by physical coins. i wonder how it will be look like? is it like a gold medal with letter of B in the middle of the coins? what physical bitcoin material will be made, from gold or what? hmm i just curious if this is happen.

sure, i secondly that this..!!!

they should make coins with a small computer, containing Bitcoins, then you can swap them with each other just like physical money.  8)

So you are asking if there is a way to create fake bitcoins like the criminals who create fake paper money?

I don`t think that there is a way.

If there was a way to produce fake bitcoins,the btc price will colapse. :(

It is not possible to make bitcoin direct from laptop without any mining device, it require very huge investment to buy some mining devices to generate bitcoins, I can't say this it's impossible to make bitcoin but with the help of these devices we can make bitcoins for us.

OP is one of those guys who asked something with terrible English and ran away never showing up to clarify his own question.
and i am sure since he said "like fake money" he is not talking about earning bitcoin, instead he may be thinking about making fake bitcoin which is not possible as it was explained before.

I think he meant can we create a counterfeit bitcoin like there is a counterfeit real currency?

He was probably asking this indeed, which means that he doesn't actually know how Bitcoin works.
This thread should be in the Beginner section of the forum.

Yeah I agree, should this thread should be the starter. Because I think the op has not understood at all or new about bitcoin, but it will be good a good sense we give so that they can better understand and know about the bitcoin. Better give a little science to the people in need rather than save science and ultimately not beneficial

Bitcoin technology is online decentralized technology which cannot be duplicated as each and every transaction have its own details, but in real world money it is paper printed and it can be made fake as you just have to get that plates to print the paper money. That is why Bitcoin is very secure and safety.

Yes making bitcoin a real physical money will lose its functionality so making it a physical money will be useless because it will also pose its convenience for the users.

That doesn't mean we cannot utilize some offline-syncable means in the future. After all "physical" Bitcoins already exist and are genuine. I wouldn't be surprized to see 0.01 coins in the future serving as our todays 50$ ;)

and it is actually really impossible right now to counterfeit bitcoins, in my opinion thats why bitcoin is such a great currency, it can only grow now

If we make it to be a physical money, then there's no difference with fiat money? Bitcoin supposed to be digital because with that Bitcoin can be transfer all over the world.

Exactly. Although I am sure bitcoin's security isn't 100% impossible to breach (maybe about 99.9998% or something), it would take a dramatically long time for them to actually breach and before they could even finish, the devs have already changed/updated security.

I think it is not possible because the blockchain is being confirmed by thousands to millions of  users.  Conterifeiting it would be impossible.  And if you happen to succesfully counterfeit it, it will form a fork which mean you created  another "Bitcoin" which in our term is Alternative Coin, you will have your own blockchain and network.

I think to make real money bitcoin can not. Because the currency is only used in each country. Maybe if there are countries that adopted the currency bitcoin as it could be me. But I'm not sure because bitcoin prices often fluctuate, and it will affect the country's economy. Bitcoin will be limited to crypto alone is not real money.

I also don't understand what OP exactly asking. but if he's asking to make psychial bitcoin then it is already beeing done. just see in auction section. you'll see a lot of coins being sold there..
but if you are asking to make your own cryptocurrencey . then it is also possible, but need a lot  of investment and knowledge.

Interesting thinking. Fake, counterfeited Bitcoin? Not possible and this is one more advantage comparing to fiat money. If we agree that Bitcoin is money.

No, I think this is what he means --> https://casascius.com/ Casascius Bitcoins are physical coins you can hold - and each one is worth real digital bitcoins.  Not fake Bitcoins.  ::) ... In most countries

creating your own currency are against the law, so it is not a good idea to compete with your government. If we made Bitcoin like they make fiat money, it would be worthless within a few years. The

fiat system is flawed and it is failing.  ::)

Mate if you mean making physical coins it's already existing and sold funded with bitcoins
But if you mean making altcoin and creating it , it's possible too but need big budget and investment.
I hope you explain a little bit more what do you mean , it seems unclear.

Bitcoin is invented as a non-fakeable currency. You can't make fake btc's. If you want to have bitcoin, you either pay or you mine them. (You pay again anyway)

Pattern:

1. Someone starts a thread that makes very little sense, in the form of a question.
2. Posts are all about trying to figure out what OP said.
3. Sig campaign earners come a-running.
4. OP abandons topic.

I'm seeing so much of this lately.  It's tiresome.

Bitcoin is virtuel money I think you say it as fake money because it is easy earn unlike real cash you need to job to get money while bitcoin all you have to do is to have internet and computer and a little knowledge abput bitcoin. Thats how it is. So for me fake money of what have you saud is just an opportunity to get an easy money.

you are right it would be like fiat then, besides that of course it is impossible to make your own bitcoin, that would be illegal and it is better than fiat because of that

No making bitcoin is not impossible if you have right business plan, you should know how to trade. Well this is not easy as it sounds so better you take the path of mining in coince till they last.

NOTE: I have no affiliation with the site but I had used and made a profit of more than 18$.

Of course its not possible if you want to make your own money, you need your own country in order to make physical money and you need other person or country to acknowledge your money, but if you say want to make digital currency then its possible just go find a coin developer

I think it's really possible to make bitcoins like we make real money, but the problem is not all people know about bitcoins. So, people need to know about bitcoins first then we can make that possible.

You mean make fake Bitcoins? the same way people make and spend fake dollars? that wouldn't be possible because of how the blockchain works, you couldn't just introduce fake coins to the network, Bitcoin wallets would simply not recognize them anyway. That's the beauty of the blockchain, it's pretty much tamper proof :)

in thia your question is wrong . first of all you should think why you can't make online bank money ( generate anywhere ) and send it to your bank account . but all this things are wrong we can't do the same .
secondly all these digital currency are in limit in the online so we can't exceeds its amount  .

Bitcoin is digital currency that is not physically making difficult for people to make false bitcoin. Whereas fiat physically, so it was easier if people make money with fake physical.

i think that it is better to actually make as much bitcoins as possible right now and i hope that in the future i will be able to use only bitcoins for paying

There are allot of complicated terms about "fork" if that what you mean, You generally can't let that pass under the bitcoin network and the best thing that could be done to fraud the network is double-transactions but these never confirm, Therefore you can't cheat the network directly as far as I know.

Sorry to say but I couldn’t understand what you are saying by quoting ‘fake money’ but I think you are pointing towards virtual money which isn’t psychical.

Then I would like to give my two cents on it, see these are two different concepts and sides of one coin that is money. Money in whatever form makes transactions easier and user friendly which not only finds solution to limitations of barter system but it also brings uniform approach in transactions. Now again, since fiat (psychical money) has geographical limitations then crypto currencies like bitcoins brings solutions for those limitations and makes various things possible.