salsa321 (OP)
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August 11, 2016, 10:39:00 AM |
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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?
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OmegaStarScream
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August 11, 2016, 10:54:49 AM |
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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/
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NorrisK
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August 11, 2016, 10:57:59 AM |
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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.
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Labumi
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August 11, 2016, 11:22:45 AM |
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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
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machinek20
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August 11, 2016, 11:29:46 AM |
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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
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jerowacik
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August 11, 2016, 11:30:38 AM |
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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 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.
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talkbitcoin
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August 11, 2016, 11:34:08 AM |
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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 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.
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Harlot
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August 11, 2016, 11:38:39 AM |
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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.
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TastyChillySauce00
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August 11, 2016, 11:42:14 AM |
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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
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August 11, 2016, 11:49:02 AM |
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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 that's possible or not?
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.
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takingthis4
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August 11, 2016, 11:54:11 AM |
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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?
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
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Mandy420
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August 11, 2016, 02:45:13 PM |
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If you could "make" Bitcoin besides mining them,then Bitcoin wouldn't have a price, it would be worthless due to infation alone.
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raphma
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August 11, 2016, 03:28:57 PM |
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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?
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.
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MingLee
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August 11, 2016, 03:41:25 PM |
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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?
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.
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fravia
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August 11, 2016, 03:51:31 PM |
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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?
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
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outatime1
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August 11, 2016, 03:52:57 PM |
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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.
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susila_bai
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August 11, 2016, 04:16:33 PM |
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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?
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.
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mobnepal
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August 11, 2016, 04:33:19 PM |
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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.
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BillyBobZorton
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August 11, 2016, 04:38:20 PM |
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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.
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potatopower
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August 11, 2016, 04:46:04 PM |
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If you could "make" Bitcoin besides mining them,then Bitcoin wouldn't have a price, it would be worthless due to infation alone.
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
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