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Author Topic: Can fake bitcoins be created?  (Read 13875 times)
v0rtecxz
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June 10, 2017, 02:28:31 AM
 #141

I do not think it's possible that bitcoin can be duplicated because bitcoin is a crypto currency different from paper money that can be duplicated in a certain way, I think for bitcoin users quite safe from transaction and security, and bitcoin there is no fake bitcoin, different from money Real that can be falsified and circulated everywhere

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June 10, 2017, 02:47:34 AM
 #142

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?
Yes it is not that much difficult to make fake money if you have blueprints of a real money. But it is impossible to make bitcoin into a fake bitcoin because bitcoin is an invisible money that you couldn't touch or see, you can only see it's value.

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June 10, 2017, 03:02:34 AM
 #143

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?
Yes it is possible as what you have said everything has a blueprint. People nowadays are very smart. Its not that hard for them to make a fake bitcoin. Right now there is no news about fake bitcoin. 


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June 11, 2017, 08:39:48 AM
 #144

For so far bitcoin forged is highly unlikely, as it is different from the commonly forged paper currency.
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June 11, 2017, 08:44:19 AM
 #145

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?

Maybe but it will take them ages thou and no one is willing risk that much of time
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June 11, 2017, 09:07:18 AM
 #146

These aren't actually fake BTC's but there are few options to use things that look like BTC in away,

1) Double-spend, for a short time there will be double the BTC's, one would never confirm though
2) if you have 51% of the total mining, then you can fork the blockchain
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June 18, 2017, 04:14:46 AM
 #147

I think it impossible to create fake bitcoin. Because bitcoin start 2009 and still going smoothly.The bitcoin  sucurity system is very modern and safe.
there's not impossible think to creates fake bitcoin because everything is possible in crypto world while humans with the fuckin brain still exist.  Smiley
we never know when it would be happen
it is impossible bro because you can't hack or duplicate bitcoin it is very difficult to duplicate it because no specific country operates it and it would cost a half billion dollars to hack it.

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June 18, 2017, 05:05:34 AM
 #148

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?
The reality behind this factor is that , the script of the Bitcoin is not open source , and second thing is that the security of the algorithm of the Bitcoin is much complicated and not easy to break it , so to enter in the Bitcoin algorithm is impossible and also impossible to inject the algorithm of another coin of same algorithm because the algorithm is known by only the two persons ( which are hidden in this world ) they will never exposed about anything in this field  for security and trust .
So duplicate Bitcoin making is impossible totally .
And also here the people are giving priority to the Bitcoin use more than cash because of the reason is that no one can make clone of the  Bitcoin .


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June 18, 2017, 05:28:00 AM
 #149

As far my understanding it's impossible to create fake bitcoin as its supply limite 21 million and the open ledger available pulically so I think it's not possible to create fake


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June 18, 2017, 05:32:06 AM
 #150

Copying a bitcoin, while possible, is basically useless — the block chain, in essence, is essentially a ledger listing every Bitcoin's origin and present location. Thus, if you make a copy of the same exact Bitcoin, the ledger wouldn't be valid. So even though you could obtain a "copy" of a bitcoin, it would be impossible to transfer it to two different addresses as there's only one public blockchain and the same exact bitcoin cannot appear twice (both times as an input or output).
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June 18, 2017, 05:59:50 AM
 #151

No. It's impossible to duplicate or produce a coin as same as bitcoin. As we all know, the process of transferring bitcoin passes in a blockchain. Making it more secure. So there is no threat if you will be paid a fake bitcoin. Maybe copying the concept but not totally bitcoin.

This is what's good about bitcoin. You are so sure that your money is secured.

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June 18, 2017, 06:24:12 AM
 #152

No. It's impossible to duplicate or produce a coin as same as bitcoin. As we all know, the process of transferring bitcoin passes in a blockchain. Making it more secure. So there is no threat if you will be paid a fake bitcoin. Maybe copying the concept but not totally bitcoin.

This is what's good about bitcoin. You are so sure that your money is secured.
I agree with you, there is no chance for other people to make fake bitcoins but just copy the concept of bitcoin which is what already happened in the few years of bitcoin in the market, there is a lot of coins right now that most of the doesn't have originality and just copied bitcoin. Bitcoin is created because of the solving method of the graphics card that has been done by the miners which is very complicated so i think it is enough for bitcoin to be safe from fakers.

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June 18, 2017, 07:39:15 AM
 #153

I think no, because because its not to easy to do, because its take too long to know and to create a bitcoin that they fake. I know no one can seeking to create fake. Its impossible to do a someone to fake. And it needs too much skills to create fake and it is very risky i think its not easy to think them to make it fake. No one can because its hard to make it and i think bitcoin its not easy to hack. For the first place the bitcoin is genius and a bitcoin is secured and it can notice easily if someone create fake.
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June 18, 2017, 07:42:57 AM
 #154

As each and every changes were recorded to the blockchain ledger it's not possible to generate a fake bitcoin and add it to the network. If it has got the possibility now we could have been experiencing a big sort of problem due to the same causing negative impact on bitcoin network.

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June 18, 2017, 08:23:36 AM
 #155

I think it can be. Human's brain can do possible what was impossible!

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June 18, 2017, 08:32:34 AM
 #156

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?
In my own point of view you can't make fake bitcoins even you have it's blueprints because bitcoin is an invisible that no one could see it only it's price or value. Even hackers could not make fake bitcoins and put it in there bitcoin wallet. That's the greatness of bitcoin you could not make fake bitcoins and starting it as a bug.

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secdark
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June 18, 2017, 08:36:09 AM
 #157

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?
In my own point of view you can't make fake bitcoins even you have it's blueprints because bitcoin is an invisible that no one could see it only it's price or value. Even hackers could not make fake bitcoins and put it in there bitcoin wallet. That's the greatness of bitcoin you could not make fake bitcoins and starting it as a bug.

Agree with your point of view. Regarding with fake i think it is very difficult because fake is sort of the same appearance but the value and how it is made is not the same. In bitcoin i dont think saw how we could make a fake of it? Sort of make a bitcoin send it in wallet but you cant send it? but it is sort of bug. I dont have idea how to make it fake  so its a no

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virtualdn
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June 18, 2017, 08:37:36 AM
 #158

If fake BTCs can be created this means there will be a serious glitch and this means the end of BTC. But I don't think new coins will be created without a fork so nothing to worry about.

your link here
HanSchultz
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June 18, 2017, 12:15:17 PM
 #159

I do not think it's possible that bitcoin can be duplicated because bitcoin is a crypto currency different from paper money that can be duplicated in a certain way, I think for bitcoin users quite safe from transaction and security, and bitcoin there is no fake bitcoin, different from money Real that can be falsified and circulated everywhere
Duplicating bitcoin does not mean that you have to have the exact format ,double spending is much bigger issue when it comes to electronic cash and that is a problem here too,i am pretty sure that directbet a well known gambling site closed down simply because they are getting more double spend coins with the increase in transaction fees.

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Krillin61
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June 18, 2017, 12:24:10 PM
 #160

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?
That's absolutely impossible. Bitcoin is decentralize thus, it's impossoble for people to duplicate or replicate it. Besides, its alogarithm/code is very unique and irreplacable thus, no one can duplicate it.

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