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Author Topic: Can fake bitcoins be created?  (Read 11411 times)
michaelmoore1867
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May 25, 2017, 10:36:40 PM
 #101

False bitcoins can be created, pretending to be real. Providing the wallet with an altcoins called bitcoin. Many people who recently joined bitcoin do not know about blockchain, wallet or cryptographic.
The unwary has a fake wallet with a fake coin that is worthless

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May 25, 2017, 10:42:41 PM
 #102

False bitcoins can be created, pretending to be real. Providing the wallet with an altcoins called bitcoin. Many people who recently joined bitcoin do not know about blockchain, wallet or cryptographic.
The unwary has a fake wallet with a fake coin that is worthless
People could send Bitcoins as a Double-spent transaction and the coins won’t ever arrive within the receivers Bitcoin Address. Double-spent transactions are kind of like fake Bitcoins yet technically it is not as well since the coins aren’t actually coins.
If someone puts Bitcoin on a testnet then the coins would be a legit fake coin.

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May 25, 2017, 11:17:11 PM
 #103

False bitcoins can be created, pretending to be real. Providing the wallet with an altcoins called bitcoin. Many people who recently joined bitcoin do not know about blockchain, wallet or cryptographic.
The unwary has a fake wallet with a fake coin that is worthless
You could only imitate bitcoin by creating an alt coin with the similar name with ETH or waves platform and people who are not aware of bitcoin might get into trouble if someone plans to fake them but i highly doubt that is possible,since we have an active community we will find anything that could harm the echo system,other than that it is practically impossible to create fake bitcoin.














 

 

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May 25, 2017, 11:20:27 PM
 #104

False bitcoins can be created, pretending to be real. Providing the wallet with an altcoins called bitcoin. Many people who recently joined bitcoin do not know about blockchain, wallet or cryptographic.
The unwary has a fake wallet with a fake coin that is worthless
THere's a difference between creating altcoins that have no value that are called "Bitcoins" and actually creating fake coins though. Not a lot of people are going to go get a wallet from somewhere that isn't fairly reputable, especially considering how prominent the good wallets are. There's next to no-one who is actually sitting on a wallet that's fake without having a good idea that it is fake.
Maybe there are some instances of this, but I find it hard for most people to be anywhere close to this.














 

 

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May 27, 2017, 08:37:17 PM
 #105

Nothing is impossible, it can happen. But, very difficult to duplicated Bitcoin i think.
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May 29, 2017, 01:42:40 AM
 #106

if you make a duplicate it will just be an altcoin since it won't be able to exchange itself with BTC, People have been duplicating TX's in double spends, of course that doesn't cheat the network and one will never be confirmed.

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May 29, 2017, 01:58:24 AM
 #107

I think there is no such thing about faking a bitcoin. I didn't heard anything such as faking bitcoins only for you dude. Maybe you should not under estimate bitcoin. I think just use trusted bitcoin wallets today so that you cannot lose your bitcoin.



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May 29, 2017, 05:25:19 PM
 #108

You can actually counterfeit bitcoins through double spending, using money that doesn't exist.. Also there was a method to make fake BTC seen in blockchain.info only, but was more of a gig than actual abuse of system. Of course all of these aren't real coins and will NEVER confirm, so if a BTC gets confirmed, it's genuine.
if someone copies BTC, They will just be making an altcoin, even if they try forking bitcoin.
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May 29, 2017, 06:51:24 PM
 #109

Much publicity had been given to bitcoin starting with renown wallets like blockchain, coinbase, xapo etc it will very difficult to fake bitcoin. Moreover there should more enlightment so as to detect or discover any fake bitcoin having known how it transaction is carried out.

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May 29, 2017, 06:56:06 PM
 #110

As we all know that everything have a blueprint. It's not that much difficult to make fake money if you have blueprints(in case of real cash). I was wondering if anyone found blueprints(algorithm/code) of bitcoins.

Is it possible to duplicate bitcoins?

I think you could make a similar coin but it would be an altcoin at that point. It can have the same features but with a different name.
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May 29, 2017, 07:31:25 PM
 #111

i think no. Bitcoin cannot be duplicated.

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May 29, 2017, 07:37:01 PM
 #112

I think fake bitcoin can be created by creating a new blockchain and name it Bitcoin.  If a group of people plan to cheat their client, they can do this stuff if those people are just new to cryptocurrency.  But if we are talking about creating fake bitcoin inside the Bitcoin blockchain then it is impossible.  Since there are tens of thousand of nodes to verify your transaction.


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May 29, 2017, 08:18:32 PM
 #113

You can print money but you can not print bitcoins. This is one of the advantages of using it. The actual economy is based on money printed daily, and if not enough they print more. At the end there are more money without back up. And can lead a country to bankrupt and collapse. With bitcoin, when there won't be anymore bitcoin, it is final, no more bitcoin will be created,( but the value will incrase)

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May 31, 2017, 01:26:46 AM
 #114

Now for me I think this is impossible to create fake bitcoin because it can be trace before it run. Bitcoin now is perfect digital currency for me and it has it feature or it's own algorithm that cannot be duplicate.

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Babyrica0226
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May 31, 2017, 02:10:39 AM
 #115

As we all know that everything have a blueprint. It's not that much difficult to make fake money if you have blueprints(in case of real cash). I was wondering if anyone found blueprints(algorithm/code) of bitcoins.

Is it possible to duplicate bitcoins?
Well if I am going to analyze it personally, it will be very difficult to create fake bitcoin. Because as you can see there many altcoins which those are clone by bitcoin they can't even reach the value price of bitcoin.  Meaning, no one can imitate the characteristics of bitcoin in terms of usages and features.

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May 31, 2017, 02:50:00 AM
 #116

it's practically absolutely outlandish. to copy coins, or make new ones that aren't a piece of the general framework would require defeating the encryption and cryptography included. it would require more processing force than has at any point existed, joined and increased a hundred times over. in fact it's conceivable to spend coins to two unique addresses without a moment's delay. it's known as a twofold spend. in any case, to DO it requires the blockchain to be part and overwritten by another branch. This is the magnificence of bitcoin. Every exchange expands on beforehand produced yields, guaranteeing that the cash is genuine from exchange to exchange. We are discussing data here, not substance, so it's the mystery of the data that vital. Simple to copy a thing; significantly harder to copy an interesting thought given the way of the mammoth
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May 31, 2017, 03:01:38 AM
 #117

I think fake bitcoin can be created by creating a new blockchain and name it Bitcoin.  If a group of people plan to cheat their client, they can do this stuff if those people are just new to cryptocurrency.  But if we are talking about creating fake bitcoin inside the Bitcoin blockchain then it is impossible.  Since there are tens of thousand of nodes to verify your transaction.
Agree that there is a possibility that someone can create fake bitcoin and fake online wallet which will used in scamming some big investors that is why just be careful on the new site created which requires an investment to earn bitcoin even in bitcoin wallet much better to create on trusted bitcoin wallet which exist for long year and you are surely that your bitcoin at a good hands.

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May 31, 2017, 03:07:08 AM
 #118

I think fake bitcoin can be created by creating a new blockchain and name it Bitcoin.  If a group of people plan to cheat their client, they can do this stuff if those people are just new to cryptocurrency.  But if we are talking about creating fake bitcoin inside the Bitcoin blockchain then it is impossible.  Since there are tens of thousand of nodes to verify your transaction.
Agree that there is a possibility that someone can create fake bitcoin and fake online wallet which will used in scamming some big investors that is why just be careful on the new site created which requires an investment to earn bitcoin even in bitcoin wallet much better to create on trusted bitcoin wallet which exist for long year and you are surely that your bitcoin at a good hands.
It means that it is not actually to create a fake bitcoin right? What your are trying to say that they can try to deceive people by having the same name and create a blockchain with it which I doubt that it will happen as long as you used a trusted wallet then this would be impossible to happen. Also it needs a lot of effort to those who will do it and most likely get caught before they have gained the profit from the time and effort they did. It would be a tragic thing for them so no this is not possible.
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May 31, 2017, 03:30:35 AM
 #119

It seems to me that counterfeiting bitcoin is also possible, probable) although I honestly do not know how it can be done

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May 31, 2017, 03:36:42 AM
 #120

What will happen if bitcoin is made false in such a way ??

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