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Author Topic: Can fake bitcoins be created?  (Read 14089 times)
lemonscentedbreeze
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November 07, 2017, 03:46:50 PM
 #381

A very similar thread has been posted here:

https://bitcointalk.org/index.php?topic=1921517

And regarding the topic, I am not 100% sure. But I believe that right now, it is impossible to create fake Bitcoins, as they can only be mined according to the Satoshi's logarithm.

I believe so too, since private keys and other wallet details is almost next to impossible for brute force hacking because of its complex encryption then I think it would be harder to copy the bitcoins system and its block chain feature and making it look legit. I'm really curious to what and how satoshi made it possible but I think it is not impossible for bitcoin to be completely invulnerable to attacks maybe someday they will find a weakness in bitcoin and exploit it which I do not wish to happen.

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November 07, 2017, 03:47:04 PM
 #382

I think no one will be able to get the "blueprints" of bitcoin as you say. Bitcoin's "blueprints" will be protected very safely .... But if this happens, I'm looking forward to what will happen to it ...
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November 07, 2017, 03:47:19 PM
 #383

i am still new when it comes to cryptocurrency world.
but i am lucky that i am able to learn a lot of things because of it.
and as of now i believe will be totally impossible to fake due to the innovation of blockchain.
by knowing blockchain you will fully appreciate why bitcoin is now being very popular worldwide.
hopefully more and more people will conduct studies in order to gain more knowledge on the field of cryptocurrency..
Cheesy

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November 07, 2017, 04:06:17 PM
 #384

bitcoin can not be fake by anyone, bitcoin is made from blockchain that produce many codes and auto generate and change everytime we do transactions made it impossible for bad guys to make a fake bitcoin.

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November 09, 2017, 01:39:23 AM
 #385

Each transaction builds on previously generated outputs, ensuring that the money is legit from transaction to transaction
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November 09, 2017, 01:55:01 AM
 #386

i think for now it is impossible, btc has a lagge network now and huge follower, every trasactions are based on algorithm and system that have been here since 2009. but as time goes by, a new breed of hackers will crack this system we are enjoying now, but the system will surely develop a counter measures for this not to happen. just trust bitcoin.

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November 09, 2017, 02:12:15 AM
 #387

It's impossible for a person to duplicate bitcoin, even if you have a super computer and have researched various sources, bitcoin remains one and will be forever.

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November 09, 2017, 03:22:10 AM
 #388

Bitcoin is the first currency that makes it absolutely impossible faking its units.
So duplication is impossible and that is the best feature of bitcoin.
Its not a centralised currency so cannot exist in a single place.
Bitcoins doesn't exists in physical formats they only exists in your mobile wallet, they are not stored on your computer they are stored only in public ledger.
Only you have the private key i.e. right to spend it.


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Shivan Dragon
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November 09, 2017, 03:54:04 AM
 #389

I think they can create fake bitcoins. If scammers and hackers can scam and hacked accounts, fake bitcoins are possible. People of today can also do cloning and skimming of atms and credit cards. With the present of advance technologies, it can be created.
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November 09, 2017, 04:09:38 AM
 #390

Well, Actually, with the developing of technology, I think the human can do anything. But I really don't wanna it can happen. Because Bitcoin is not admitted by Government, so, if there is fake Bitcoin, Government will not protect investors.

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bitcoinorcash
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November 09, 2017, 04:16:32 AM
 #391

I think that is very impossible because creating coins or a new coin reaquires a lot encryption and codes.And it must also pass some test for it to be known as a coin.Blockchain and other wallets will also not allow any of their coins be faked or duplicated.

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November 09, 2017, 04:16:41 AM
 #392

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?
Of course bitcoin can be faked if it is based on the original design, but it does not belong to the original block as the main bitcoin so it can not be considered a true bitcoin..
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November 09, 2017, 02:38:44 PM
 #393

A simple question should get a simple answer.     NO.

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November 09, 2017, 02:54:45 PM
 #394

i think if somone decrypte sha256 the bitcoin was down every wallet was stolen the bitcoin price be 0USD

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November 09, 2017, 05:09:20 PM
 #395

Most likely it will not happen, and it may be very difficult, is there anything that can be up to now? Nothing seems possible.

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November 09, 2017, 05:36:28 PM
 #396

yea you can make fake bitcoin but you can’t add it to bitcoin System (you can make fake wallet and stupid person )
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November 09, 2017, 05:41:44 PM
 #397

It will never happen. Because Bitcoin is a virtual currency, it's not material, so it can not be faked or copied. Because of this, Bitcoin is becoming more and more developed. Only the creators of it can fake it or create it again. However, the amount of Bitcoin has been limited so as not to lose its value


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November 09, 2017, 05:50:06 PM
 #398

Well, Actually, with the developing of technology, I think the human can do anything. But I really don't wanna it can happen. Because Bitcoin is not admitted by Government, so, if there is fake Bitcoin, Government will not protect investors.
maybe the possibility that it can be fake is too little as bitcoin devs already anticipated those possible tries and they already create necessary actions,
its a system which made by a system itself if this can be duplicated or can be fake it should be done much earlier so for me I'm in the positive side
that this system / investment of us are still safe if we do know how to secure our holdings.

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)))
Mikwik
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November 09, 2017, 05:53:45 PM
 #399

nothing impossible in this world dude  Smiley
Fake bitcoin with plastic or gold or silver or platinum?  
On basing your question, Can fake bitcoin be created - I say there is possibility to create a dummy website and run a show to cheat you but actually bitcoins don't exist, if existed we can think about duplicate, I wonder how duplicate can be created for something not existed or touchable. It's a virtual currency.

zhuangxingyue1
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November 10, 2017, 01:13:15 AM
 #400

The problem is obvious, bitcoin can not be copied, you need a full blockchain to run bitcoin, and no one can create another duplicate blockchain. This is also one of his important features.
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