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Author Topic: Can fake bitcoins be created?  (Read 13879 times)
Dakshkapoor
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October 08, 2017, 11:19:53 AM
 #301

No fake BITCOINS can not be created, it us not possible.This may come to your mind because there were lots of fake currency. May be hackers can hack the BITCOINS system by cracking any codes but this may be very difficult to do. There is no possibility to creat a fake BITCOINS. If this could be possible then this should happened in earlier only .

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October 08, 2017, 11:34:48 AM
 #302

That is not possible but there a lot of coins that are scam coins i think you mean that but i only do the trustable coins like bitcoin, Ethereum and waves the other coins i do not trust because you would never what could happen to your money.
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October 08, 2017, 12:30:26 PM
 #303

Quote
Can fake bitcoins be created?

Yeah, there's been a lot of them lately, all with an 'e' in front of them.

Don't even get me started on the hardforks lol

Honestly, though, no they can not. One of the nice things is there are no forgeries of the bitcoins themselves that is.

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October 08, 2017, 12:31:59 PM
 #304

There are millions of fake bitcoins already. Just look at 75% of the altcoin market.
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October 08, 2017, 12:50:26 PM
 #305

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 can't be happen to duplicate bitcoin, its not possible anyway.  And as far as I know, bitcoin is the first digital currency that has been created then followed by altcoins. Because of its unique features which is decentralization bitcoin was very secured and really can't be duplicate ever.

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October 08, 2017, 01:01:23 PM
 #306

Bitcoins are based upon algorithms. There was a news that North Korea was trying to hack into Bitcoins, and with the help of technology i think is can be possible to create a fake bitcoins by hacker.m

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October 08, 2017, 01:21:27 PM
 #307

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?

possible but that would need a great amount of computing capability and processors that maybe almost impossible to be done today, aside from that bitcoins are not just a series of codes with serial numbers etc for security. If you want to copy bitcoin you would also have to copy its block chain feature where all the transactions that the coin has undergone is listed etc.

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October 08, 2017, 01:38:51 PM
 #308

of course you cant.This the reason why people trust bitcoin also its explain the price.The creat fake bitcoin is harder than going to mars.i am not kidding

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October 08, 2017, 02:28:26 PM
 #309


I don't think like that. but now many duplicate bitcoin and allcoin, not mean this is fake, but tend to trace and follow the big names of bitcoin and allcoin. look now popping airdrop with a name that is not foreign to us.

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October 08, 2017, 06:12:09 PM
 #310

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?
Lol , are you aware really about the bitcoin Because here the banking system is more powerful , one can hack bit can't make blueprint or can't add the value of the money with coding and can access , But here the bitcoin is more powerful system then the fiat baking system .
In the bitcoin we have the fascility of millitary like securities which is impossible to hack .
Here bitcoin can't hack by anyone at any condition , Because the system of bitcoin totally filled with the secret codes which is totally anynomuous to everyone , so no chances to hack the algorithum of the bitcoin .
And if anyone will try to make copy or any type of hack the bitcoin network then I think that would be stupidness of that person because it is totally impossible.


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October 08, 2017, 06:20:02 PM
 #311

No, bitcoins unlike real money cannot be forged with current and future technology, with the latter definitely not the one that will available in the immediate future, ex. the next decade. One would have to bypass various encryptions and other blockades that belong in the cryptography section of inner workings of a cryptocurrency. Not possible currently, and definitely a good thing.
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October 09, 2017, 12:13:34 PM
 #312

Bitcoin is a digital currency, its in intangible format, it works only in transactions, how one can duplicate or fake it. Physical currency can me made fake, we can get cheated in purity of gold, but about bitcoin its impossible. If you are not using secured internet connection (https:) or genuine bitcoin wallets then only there will be a chance of getting cheated.


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October 09, 2017, 12:36:33 PM
 #313

bitcoin is not real money. can not be duplicated, but virtual money like bitcoin can be created that is altcoin.
how can something not real have duplicates
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October 09, 2017, 12:44:54 PM
 #314

Yeah it is possible, but you do have a very very vey small chance of doing that. To make a fake Bitcoins, you will need tons and tons of computing powers to break the algorithm which is kinda impossible today. This is one of the reasons why people trust Bitcoin so much, you will never be able to make a fake Bitcoins.

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October 09, 2017, 01:01:02 PM
 #315

Hope not. If that day will come, I can predict second Caribbean crisis

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October 09, 2017, 01:55:03 PM
 #316

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 code bitcoin is open to anyone. Therefore, you can completely duplicate bitcoin.

However, I do not think that you will manage to earn a lot on this. All the same, bitcoins already have a familiar infrostructure. And people will rather use it and bitcoin.
As code is open source it doesn’t mean that people will accept any duplicate one they have a strong belief in the bitcoin and this belief cannot be diverted so that will be the loss of time so rather than doing that you may invest into the real ones so that you can earn a huge bunch of profit and also can live respectfully in the society.
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October 09, 2017, 02:06:34 PM
 #317

the world can all be made from the original to the fake, do not underestimate the ordinary people because he can create a fake.

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October 09, 2017, 02:09:52 PM
 #318

NO. This is why all the scammers want to distract you with alt coins.

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October 09, 2017, 02:12:31 PM
 #319

I don't think it is easy to make fake bitcoin? maybe it cannot be created or it is too impossible to have fake bitcoin since it is on online transaction.

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October 09, 2017, 02:13:26 PM
 #320

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 code bitcoin is open to anyone. Therefore, you can completely duplicate bitcoin.

However, I do not think that you will manage to earn a lot on this. All the same, bitcoins already have a familiar infrostructure. And people will rather use it and bitcoin.
As code is open source it doesn’t mean that people will accept any duplicate one they have a strong belief in the bitcoin and this belief cannot be diverted so that will be the loss of time so rather than doing that you may invest into the real ones so that you can earn a huge bunch of profit and also can live respectfully in the society.

I think the developers would not tolerate any copied blocks or bitcoin, and yes it will not be accepted in any transaction bitcoin system would not surely be duplicate that easily there is no such thing as that in my opinion, satoshi had created a secure and no scam system, and if bitcoin can be copied it make no sense cause if the market would see it that the bitcoin can be duplicated the price of bitcoin would drop or can be depleted easily, that is why satoshi make bitcoin limited.

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