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Title: Can make fake coin? Post by: wsxdrfv on October 09, 2018, 05:11:22 AM If there is some altcoin that cloned bitcoin, and the maker doesn't open the source code to github, and just released window's wallet (same with bitcoin window standalone core wallet), and web wallet for online.
And maintaining only 2 nodes at some VPS servers. In this situation, someone can make fake coin and distribute? Like with 51% attack or via other way? How? How to block this abuse? Thanks. Title: Re: Can make fake coin? Post by: wsxdrfv on October 09, 2018, 06:34:57 AM If it's not open-source, there are many ways to make Even this coin's mining reward is 0 and all coins 100% are premined? Then how others can make coin?Also, total nodes have small correlation with 51% attack unless total nodes is very low. If you want to prevent that, you must encourage people to run full-nodes and not choose pool with big hashrate. Title: Re: Can make fake coin? Post by: Herbert2020 on October 09, 2018, 07:52:16 AM that is not abuse, that is creating a new altcoin with a different sets of consensus rules and the coins it creates aren't "fake coins" they are real coins but they are different coins that belong to that altcoin and it has nothing to do with bitcoin or 51% attacking nor does it have anything to do with attacking nodes.
what you describe is like trying to broadcast a litecoin block to bitcoin full nodes! they will obviously reject it because it is invalid. Title: Re: Can make fake coin? Post by: shiming on October 09, 2018, 11:44:10 AM When a new thing is born, more and more people support him. He can become mainstream. This is the way BTC was born. Plagiarism can make people feel that he is shameful. Technical updates are possible.
Title: Re: Can make fake coin? Post by: shinratensei_ on October 09, 2018, 11:56:15 AM If there is some altcoin that cloned bitcoin, and the maker doesn't open the source code to github, and just released window's wallet (same with bitcoin window standalone core wallet), and web wallet for online. They can't because they can't get the code to create the clone for that coin. 51% attack is about dominating the hash power and you can see how BTG was facing that problem after the creator of BTG has been updating the network with ASIC resistant algorithm and everything is fine. And maintaining only 2 nodes at some VPS servers. In this situation, someone can make fake coin and distribute? Like with 51% attack or via other way? How? How to block this abuse? Thanks. Title: Re: Can make fake coin? Post by: Gurjasmeet on October 09, 2018, 01:52:54 PM Think, there is everything possible. but l think cloning of coins could not making. whenever lot of scammers trying to make them.
Title: Re: Can make fake coin? Post by: Niresean on October 10, 2018, 08:01:04 PM Coins can be faked in a closed loop system. Good news is that fake coins, if transacted through the proper platform can be verified very easily.
Title: Re: Can make fake coin? Post by: Taylia on October 10, 2018, 08:01:54 PM I do not think it is easy to fake a coin. Even it is possible to fake it will surely be caught while making transactions through proper channels.
Title: Re: Can make fake coin? Post by: Wicomas on October 10, 2018, 08:02:44 PM I don't think this is possible. If you happen to clone a coin, that becomes another new coin. Also, 51% attack, albeit sounding cheesy, is really hard to pull off because of the hash powers combined.
Title: Re: Can make fake coin? Post by: Oliedric on October 10, 2018, 08:03:31 PM Making a fake coin is not that easy thing to do. Also if a fake coin is generated there is a high possibility it will exposed one way or another.
Title: Re: Can make fake coin? Post by: RoftheN on October 12, 2018, 06:21:31 PM If there is some altcoin that cloned bitcoin, and the maker doesn't open the source code to github, and just released window's wallet (same with bitcoin window standalone core wallet), and web wallet for online. It is not possible for anyone to make any kind of fake coin, they can only make a hard forked coin which would be an entirely different coin but the thing about cryptocurrencies is that you do not have to worry about people making counterfeits of a coin because it is impossible. That is one of the things that is so great about cryptos, it is just not possible to do it.And maintaining only 2 nodes at some VPS servers. In this situation, someone can make fake coin and distribute? Like with 51% attack or via other way? How? How to block this abuse? Thanks. Title: Re: Can make fake coin? Post by: Antony97 on October 12, 2018, 06:42:49 PM A logical approach but I do not think to be this issue.This is fraud.AndIt will damage the market.Nobody want to damage this market because can not win.Even so,
For the title I can say that a conscious headline.Thanks a lot. your thinking is good but is not absolutely. Title: Re: Can make fake coin? Post by: btcoin on October 12, 2018, 06:52:38 PM Is faking is not simillar to creating forks? Like forks creators take an open source code, changing it for a little bit, and pretending like it's brand new coin. I think in a case that you described there is not fake coins. There is forks.
Title: Re: Can make fake coin? Post by: jhache on October 17, 2018, 10:37:08 AM If there is some altcoin that cloned bitcoin, and the maker doesn't open the source code to github, and just released window's wallet (same with bitcoin window standalone core wallet), and web wallet for online. It really is not possible to clone bitcoin, the only thing that you can do is to make hardforked coins and that is why you see coins like bitcoin cash and bitcoin gold. they are forked coins but at the same time they are coins of their own, they are in no way the same thing as bitcoin. If anyone is telling you that they can clone bitcoin then they are trying to scam youAnd maintaining only 2 nodes at some VPS servers. In this situation, someone can make fake coin and distribute? Like with 51% attack or via other way? How? How to block this abuse? Thanks. |