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Author Topic: Can fake bitcoins be created?  (Read 11410 times)
stompix
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August 21, 2017, 03:25:02 AM
 #201

Its mathematically impossible to change the blockchain and create any new bitcoin, but its possible to you create your own "bitcopy" and try your luck for get rich with this Smiley

It's nothing mathematical in it.
The blockchain is not a crystal statue that if you touch will break in 2456 pieces.

Of course it is possible to modify the chain. It's a bunch of data. As long as there is consensus you can create another 21 millions.
As long as there is consensus the coin could still be called BTC.
But that won't be a fake BTC it would be a normal BTC that everyone using it approves.

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August 21, 2017, 05:54:43 AM
 #202

Not possible to make it without hack the system,
possible but under current condition it will require a very big computational power.
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August 21, 2017, 06:06:47 AM
 #203

Its mathematically impossible to change the blockchain and create any new bitcoin, but its possible to you create your own "bitcopy" and try your luck for get rich with this Smiley

It's nothing mathematical in it.
The blockchain is not a crystal statue that if you touch will break in 2456 pieces.

Of course it is possible to modify the chain. It's a bunch of data. As long as there is consensus you can create another 21 millions.
As long as there is consensus the coin could still be called BTC.
But that won't be a fake BTC it would be a normal BTC that everyone using it approves.
Also if it is possible then scam sites won't exist anymore, to keep it short your private keys won't be duplicated or copied from something because it will mess up the block chain system. Bitcoin is created as is and there is no way around it but to earn it. And as you said "fake" Bitcoins what will you based your fake Bitcoin with?

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August 21, 2017, 06:09:46 AM
 #204

I do not know, now the technology is very developed, even money, and gold can be manipulated, so maybe my bitcoin can be manipulated. Therefore we must be careful in doing the transaction, because bad things can happen.

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August 21, 2017, 06:10:58 AM
 #205

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 it will not be possible, with the blockchain technology that every time his algorithm changes, it will be hard to create a clone. Blockchain also ensures great transparency as well as extraordinary privacy security, so to make artificial bitcoins, I think that's an unlikely thing.


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August 21, 2017, 06:22:56 AM
 #206

Classic human behavior. Instead of coming here and posting how to earn more BTC, you ask is there a way to cheat the system so you can steal money and run.

Great question my friend, makes me wanna do business with you.

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August 21, 2017, 06:40:32 AM
 #207

Copy of bitcoin can be created but a fake bitcoin is very impossible to happen.

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August 21, 2017, 01:09:33 PM
 #208

It’s impossible. Bitcoin feature is the first established secured crypto currency which was developed over time. The bitcoin features has unique identity that no one can ever duplicate unless the main system was attacked 60% of its data. There is no way to fake it, it is one of its cool nature why many people are investing on it.

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August 21, 2017, 01:27:31 PM
 #209

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?

It seems like it is hard to replicate bitcoin. If you would want to counterfeit it why don't you just mine the real ones. By the way, faking bitcoins is impossible because bitcoin.org says so.

Anyway, you are not referring to Bitcoin Cash as fake Bitcoins, are you? Grin



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August 21, 2017, 01:41:20 PM
 #210

Don't see anything wrong in asking this sort of question. It helps than being kept in the dark
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August 21, 2017, 01:43:58 PM
 #211

I never hear this but i Hope not iff btc can fake created for sure die very fast soi i Hope nobody can created this sheet never

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August 22, 2017, 09:24:38 AM
 #212

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?

Simple answer to this is  No, Bitcoins cannot be duplicated. You need a whole block chain to run bitcoins and no one can create another duplicate blockchain.

This one really true, I supported on you in this things. Bitcoin still the original one, Actually, altcoin is just a copy cat or clone of bitcoin. That's why bitcoin called the mother of all Crytpo currency.


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August 22, 2017, 09:33:54 AM
 #213

I don't think it is possible, no. There is no physical substance to bitcoins, so creating a fake copy is highly unlikely. This would mean cheating on the entire blockchain. I don't see how this can be possible from a technical point of view
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August 22, 2017, 10:34:40 AM
 #214

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 to duplicate coins and this is called fork but the splitted coin is different from the orginal like bitcoin and bitcoincash that happenned last august 1,2017. Creating fake bitcoin is impossible because you will need much hashpower than the bitcoin is using right now which is merely impossible or not feasible.

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August 22, 2017, 08:49:54 PM
 #215

I don't think it is possible, no. There is no physical substance to bitcoins, so creating a fake copy is highly unlikely. This would mean cheating on the entire blockchain. I don't see how this can be possible from a technical point of view
Everything in this world can be done. Hackers are strengthening day by day. So I think that there is a possibility that fake bitcoin can be made. If it happens then there will be a bang in the history of internet. And that day will be death day for bitcoin. It is entirely based on IT and now a days hacking IT is not a big deal. So I think technically it can be happened. So for any kind of such unlikely thing to be happened we must be ready.

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perfect999
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August 23, 2017, 11:47:58 AM
 #216

Fake bitcoin will never and can never be created. I mean bitcoin uses the highest form of security available and it has to be signed even before it can be accepted as bitcoin. So I think there is no way that can ever happen.

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August 25, 2017, 12:19:04 PM
 #217

That’s theoretically impossible, but we live in a world where there seems to be no impossible thing and I such I don’t truly believe fake coins can’t be created. But anything can happen

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August 25, 2017, 12:30:30 PM
 #218

That’s theoretically impossible, but we live in a world where there seems to be no impossible thing and I such I don’t truly believe fake coins can’t be created. But anything can happen
It will never happen unless there are fake wallets created. Btw, can we consider bcc fake when it dumps big soon or it much be better as alt. Anyway no fake crypto can be made they will just maybe a failed coin or shit coin.

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andra-ierma
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August 25, 2017, 01:20:52 PM
 #219

Everyday the price of bitcoin is raise. And make the other create a new cryptocurrency. Untill now the price of bitcoin is number one that no other can defeat it. On the other side no one can duplicate the bitcoin, maybe someday it will happened. Like the other people say nothing imposible in this world.

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August 25, 2017, 05:14:02 PM
 #220

I think so that bitcoin can be fake or duplicated as if it could be faked then Bitcoin's security may be questioned and it would have affected it's price.As to faking Bitcoin would required creating a whole blockchain.But you don't know what can happen as hackers are getting smarter and smarter in cheating the system.

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