Bitcoin Forum
January 23, 2018, 12:45:57 PM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 »
  Print  
Author Topic: Can fake bitcoins be created?  (Read 14063 times)
TheWallStreetCrew
Full Member
***
Offline Offline

Activity: 129


View Profile
May 19, 2017, 02:15:36 AM
 #41

You cant counterfeit them but there are tricks you new to be aware of like a counterfeit chain.

First Venture Capital backed Crypto | GetCLAMS-GCS | https://goo.gl/ER9djG
1516711558
Hero Member
*
Offline Offline

Posts: 1516711558

View Profile Personal Message (Offline)

Ignore
1516711558
Reply with quote  #2

1516711558
Report to moderator
1516711558
Hero Member
*
Offline Offline

Posts: 1516711558

View Profile Personal Message (Offline)

Ignore
1516711558
Reply with quote  #2

1516711558
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516711558
Hero Member
*
Offline Offline

Posts: 1516711558

View Profile Personal Message (Offline)

Ignore
1516711558
Reply with quote  #2

1516711558
Report to moderator
1516711558
Hero Member
*
Offline Offline

Posts: 1516711558

View Profile Personal Message (Offline)

Ignore
1516711558
Reply with quote  #2

1516711558
Report to moderator
1516711558
Hero Member
*
Offline Offline

Posts: 1516711558

View Profile Personal Message (Offline)

Ignore
1516711558
Reply with quote  #2

1516711558
Report to moderator
Dontme
Sr. Member
****
Offline Offline

Activity: 266



View Profile
May 19, 2017, 02:16:45 AM
 #42

As well as we all know that there are many scammers inside the bitcoin world or in the digital coins world. There are many or so much campaigns now that are going to start their own digital coins. As I have said that many are scammers that was absolutely right. As bitcoin expose now maybe creating a fake bitcoin will be there too.

stream
                S P A C E
.
         ▄███████ ██▄▄
     ▄█▄▀████████ ██████▄
   ▄█████▄▀█████▀ ████████
  █████████▄▀▀    ▀█████▀
 █▄▀███████▀        ▀█▀ 
█████▄▄▀▀█        █▄
████████         ████▄
████████▀      ▄███████
 ████▓▀▄██▄    ▀████████
  ██▀▄██████▄    ███▀▀  ▄▄
    ███████▀      ▄▄▄█████
     ▀███▀        ████████
       ▀            ▀▀████
    ▄██▄         ▄████▄ ▀
  ▄██████ █████ ████████
███████ ███████ ▀█████
  ▀████ ▄████████▄ ██▀
     ▀▀ ▀▀▀▀▀▀▀▀▀▀
.
██

██

██

██

██

██

██

██

██
.
  BLOCKCHAIN POWERED ▬▬▬▬▬
   █ █
STREAMING VIDEO ON DEMAND
.
██

██

██

██

██

██

██

██

██
.
Website
White Paper
ANN Thread
Bounty Thread
.
██

██

██

██

██

██

██

██

██
.
██

██

██

██

██

██

██

██

██
stream
                S P A C E
.
         ▄███████ ██▄▄
     ▄█▄▀████████ ██████▄
   ▄█████▄▀█████▀ ████████
  █████████▄▀▀    ▀█████▀
 █▄▀███████▀        ▀█▀ 
█████▄▄▀▀█        █▄
████████         ████▄
████████▀      ▄███████
 ████▓▀▄██▄    ▀████████
  ██▀▄██████▄    ███▀▀  ▄▄
    ███████▀      ▄▄▄█████
     ▀███▀        ████████
       ▀            ▀▀████
    ▄██▄         ▄████▄ ▀
  ▄██████ █████ ████████
███████ ███████ ▀█████
  ▀████ ▄████████▄ ██▀
     ▀▀ ▀▀▀▀▀▀▀▀▀▀
Silberman
Hero Member
*****
Offline Offline

Activity: 490



View Profile
May 19, 2017, 02:18:25 AM
 #43

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?
You can create your own coin based on bitcoin if that is what you want but it will be independent of the current bitcoin, however if you are thinking about counterfeiting bitcoin, that is completely impossible, which is another advantage of bitcoin over fiat.

      ▄  ▀████▀▀▀▀ ▄▄▄
     ███      ▄▄███████
   ▄██▀       ▀▀███████▌ ▄
  ██▀  ▄█  ███▄   ▀▀████ ▀▄
▄█▀ ▄▄███  ██████▄    ▀█▌ ▐▌
 ▄▄██████  █████████▄▄     ▀█
▐████████  ████████████
▀▀█████  ████████▀▀  ▄▄  ██
 ▀▄▄ ▀▀██  ████▀▀  ▄▄███▀ █▀
  ▀██▄      ▀   ▄▄██████ █▀
   ▀███▄      █████████ ▄▀
    ▀██▀  ▄▄▄▄  ▀▀████▀ ▀
         ███████▄▄▄ ▀▀

                                                                                  ███
                                                                                  ▀▀▀
    ▄▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄▄▄▄▄▄▄▄           ▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄        ▄▄▄▄▄▄▄▄▄▄▄
 ▄██████████████     ▄██████████████▄     ▄███████████████  ▄███████████████▄     ███     ▄███████████████▄
▄██▀                ▄██▀          ▀██▄   ▄██▀              ▄██▀           ▀██▄    ███    ▄██▀           ▀██▄
███                 ███           ▄███   ███               ███             ███    ███    ███             ███
████████████████    ███  ████████████    ███               ███             ███    ███    ███             ███
███                 ███           ▀███   ███               ███             ███    ███    ███             ███
▀██▄                ███           ▄██▀   ▀██▄              ▀██▄           ▄██▀    ███    ███             ███
 ▀██████████████    ███  ███████████▀     ▀███████████████  ▀███████████████▀     ███    ███             ███
    ▀▀▀▀▀▀▀▀▀▀▀▀    ▀▀▀  ▀▀▀▀▀▀▀▀▀           ▀▀▀▀▀▀▀▀▀▀▀▀▀     ▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀    ▀▀▀             ▀▀▀












.The Best Gift for Travelers.........
..Your Gateway to a $60 Billion Dollar Global Market.....
[]
Wind_FURY
Hero Member
*****
Offline Offline

Activity: 616


Vacation rentals platform powered by CryptoDNA®


View Profile
May 19, 2017, 02:25:28 AM
 #44

nothing impossible in this world dude  Smiley

That is true but it is close to impossible. Well maybe not if the top Chinese miners decide to do it for fun. But that would also mean that Bitcoin will lose a lot of credibility and the price would drop immensely. All their investments in Asics will also be worthless. Knowing that by nature humans are inherently greedy it would make it again close to impossible.

       


████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
               ▄▄▄▄▄▄
          ▄▄███████████▄████▄
       ▄████████████████ ▄▄ █
     ▄███████▀▀▀     ▀▀█ ▀▀ █
   ▄██████▀            ▀████▀          ██
  ▐█████▀                            █████
 ▐█████                             ███████
 █████          ▄███▄                ██████▄
▐████          ███████         ██     ██████
█████          ███████       █████    ██████
█████           ▀███▀      ███████    ██████
█████            ███         █████    ██████
▐████           █████          ██     ██████
 █████         ███████               ██████▀
 ▐█████                             ███████
  ▐█████▄                            █████
   ▀██████▄            ▄████▄          ██
     ▀███████▄▄▄     ▄▄█ ▄▄ █
       ▀████████████████ ▀▀ █
          ▀▀███████████▀████▀
               ▀▀▀▀▀▀





                ▄▄▄▄
        ▄▄▄▄████████
▄▄▄▄████████████████
████████████████████
████████████████████
████████████████████
██████████████▀  ▀██
██████████████    ██
██████████████▄  ▄██
████████████████████
████████████████████
████████████████████
████████████████████
████████████████████
████████████████▀▀▀▀
████████▀▀▀▀
▀▀▀▀
   
WHITE PAPER
HOME PAGE
THE ICO
       


████
████
████
████
████
████
████
████
████
████
████
████
████
████
████
ethereumhunter
Hero Member
*****
Offline Offline

Activity: 644


★777Coin.com★ Fun BTC Casino!


View Profile
May 19, 2017, 02:27:04 AM
 #45

I don't think so, because it is not that easy to copy or imitate the codes of bitcoin, and no one could copy it since bitcoin network is decentralized that is why it is untouchable, maybe the only thing that is possible is if they are going to make another coin that could surpass the superiority of bitcoin.

yes i am agree with you said and not every people can do this. without having high skill in the networking programming language and other skills, we can not create crypto currency. but to created fake bitcoins, i don't think it will worth like the original bitcoins because something that is fake is not like the real and original.

zarintasnim
Sr. Member
****
Offline Offline

Activity: 280


View Profile
May 19, 2017, 06:12:22 AM
 #46

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.

Amph
Legendary
*
Offline Offline

Activity: 1764



View Profile
May 19, 2017, 06:29:00 AM
 #47

you can at best spend two times your coins not having more than what the limit is set for, there is a reason if we have the 21M hard cap, you can't exceed that without changing the code and waiting for consensus from all the parts that need to agree

your question is no different than asking for increase the supply cap of bitcoin, you can do it only by creating another altcoin, which is not bitcoin anymore but a surrogate...in fact any alt is an attempt to change the bitcoin rules...
necromastery
Sr. Member
****
Offline Offline

Activity: 266



View Profile
May 19, 2017, 06:34:11 AM
 #48

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


          ▄▄▄█████▀████▄▄▄
       ▄█▀▌▀▀▀▀▀▀▀ ▀▀▀▀▀▀▐▀█▄
    ▄█▌███▐███████ ██████▌███▐█▄
   ██▌████▐███████ ██████▌████▐██
  █▄▀▄▄▄▄▄▀▄▄▄▄▄▄▄▀▄▄▄▄▄▄▀▄▄▄▄▄▀▄█
 ██▌██████▐███████ ███████▐█████▐██
▐██▌█████▌████████ ███████▌█████▐██▌
███▌█████▌████████ ███████▌█████▐███
█▄▄▀▄▄▄▄▄▀▄▄▄▄▄▄▄▄▀▄▄▄▄▄▄▄▀▄▄▄▄▄▀▄▄█
▐██▌█████▌████████ ███████▌█████▐██▌
 ██▌██████▐███████ ███████▐█████▐██
  █▌▀█████▐███████ ███████▐████▀▐█
   █▄▌▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▐▄█
    ▀█▌████▐██████ ██████▌███▐█▀
       ▀██▄▌▀▀▀▀▀▀ ▀▀▀▀▀▀▐▄█▀
          ▀▀▀█████▄████▀▀▀
██
██

██
██

██
██
██
██

██
██

██
██






▄         ▄▄████▄▄▄
███▄     ▐████████▀
 ██████▄▄█████████
▀████████████████▌
  ███████████████
  ▀████████████▀
   ▄▄████████▀
 ▀▀▀▀██▀▀▀






▄██████████████▄
██▀ ▀███████████
███▄████████████
██  ▐█ ▀     ▀██
██  ▐█   ██   ██
██  ▐█  ▐██▌  ██
██  ▐█  ▐██▌  ██
▀██████████████▀






  ▄            ▄
 ▐████▄▄▄▄▄▄████▌
 ████████████████
▐████████████████▌
███▀          ▀███
▐█▌  ██    ██▌ ▐█▌
 ▀█▄          ▄█▀
   ▀▀▀▀▀▀▀▀▀▀▀▀







             ▄▄▄
        ▄▄▄█████
  ▄▄▄████▀▀▄███
▀▀████▀ ▄██████
    █ ▄███████
     ███▀█████
           ▀█▌







▐▄▄        ▐▄▄▄
▐████▄    ███████
▐█████▐▄ ███████▀▌
▐█████▐██▀█████▄█▌
▐█████▐███▄▀█▀▄██▌
▐█████    ▀  ████▌
  ▀▀██        ▀▀█▌
Phyton76
Sr. Member
****
Offline Offline

Activity: 322


The first celebrity management platform


View Profile
May 19, 2017, 06:41:40 AM
 #49

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 some intelligent brain still exist.  Smiley
we never know when it would be happen
Nothing impossible isn't always necessary since people are also smart to protect what they have created and they should assyre that no one can imitate and cheat. Certainly not. Fake bitcoin can not be created since bitcoin wallet won't read or credit fake bitcoin as it has a hash code and there are methods of transacting bitcoin. No matter what you do, if you sent any coin in bitcoin which they didn't created, nothing will be added to your btc wallet.

megynacuna
Sr. Member
****
Offline Offline

Activity: 406


★Bitvest.io★ Play Plinko or Invest!


View Profile
May 19, 2017, 07:11:02 AM
 #50

All or most Altcoins are forking and tweaking Bitcoin's protocol so there are actually a lot of fake Bitcoins that have been created already and listed on the exchanges and are being called Altcoins.



BITVEST DICE
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
V1saya
Hero Member
*****
Offline Offline

Activity: 490


View Profile
May 19, 2017, 07:24:43 AM
 #51

All or most Altcoins are forking and tweaking Bitcoin's protocol so there are actually a lot of fake Bitcoins that have been created already and listed on the exchanges and are being called Altcoins.

Yeah and some of these altcoins are better than bitcoin on some technicalities like speed and fees. And one day if bitcoin is not able to address these problems surrounding then someone has to replace his throne. I ride with Ripple but I don't want the banks to control us so maybe NEM is the future.

▄▄▄████████▄▄▄
▄▄██████████████████▄▄
▄█████▀▀██████████▀▀█████▄
▄████▀██████████████████▀████▄
████▀██████▄▄██████▄▄██████▀████
██████████▄████████████▄██████████
█████████▄████▀▀ ██ ▀▀████▄█████████
████████▄███▀██  ██  ██▀███▄████████
████████▄███▀  ██ ██ ██  ▀███▄████████
█████▄▄▄▄▄▄▄▄▄▄▄██████▄▄▄▄▄▄▄▄▄▄▄█████
█████▀▀▀▀▀▀▀▀▀▀▀██████▀▀▀▀▀▀▀▀▀▀▀█████
████████▀███▄  ██ ██ ██  ▄███▀████████
████████▀███▄██  ██  ██▄███▀████████
█████████▀████▄▄ ██ ▄▄████▀█████████
██████████▀████████████▀██████████
████▄██████▀████████▀██████▄████
▀████▄██████████████████▄████▀
▀█████▄▄██████████▄▄█████▀
▀▀██████████████████▀▀
▀▀▀████████▀▀▀
TRAVELFLEX
█ █ █
█ █ █
█    █
█    █
█ █ █
█ █ █
█    █
█    █
█ █ █
█ █ █
DECENTRALIZED SOCIAL TRAVEL NETWORK & PAYMENT SYSTEM
✶✶✶   Whitepaper   ✶   Telegram   ✶   Facebook   ✶   Twitter   ✶   ANN Thread   ✶✶✶

█ █ █
█ █ █
█    █
█    █
█ █ █
█ █ █
█    █
█    █
█ █ █
█ █ █
Zadicar
Legendary
*
Offline Offline

Activity: 812


Personal Text: Sapien.Network-Beta Platform is Liv


View Profile
May 19, 2017, 07:34:30 AM
 #52

All or most Altcoins are forking and tweaking Bitcoin's protocol so there are actually a lot of fake Bitcoins that have been created already and listed on the exchanges and are being called Altcoins.
In my own view All Altcoins i do consider as fake bitcoin since they do create their own in the likeness of bitcoin but all of them cant still reach up or even up on bitcoins value which means its really hard to fake bitcoin no matter what. Imagine that bitcoin is 8 years old already-correct me if im wrong and you cant see any coin that is likely the same on it.

         ▄█████▄
         ███▀▀▀███
         ██▀   ▀██
         ▀█     █▀
      ▄█  █▄   ▄█  █▄
     ▄█    ▀   ▀    █▄
     ██             ██
     ██▄           ▄██
     ▀██▄         ▄██▀
      ▀████▄▄▄▄▄████▀
        ▀█████████▀
           ▀▀▀▀▀
  ▄███▄             ▄▄▄▄
 ██▀   ▀        ▄▄████████
███         ▄▄█████▀▀  ▀███
███▄  ▄▄██████▀▀        ███
 ████████▀▀        ▄   ▄██
   ▀▀▀▀             ▀███▀
                                                         ▄▄▄  
                                                          ███  
                                                          ███  
    ▄▄▄▄            ▄▄▄▄▄▄▄               ▄▄▄▄▄▄▄                     ▄▄▄▄▄▄▄              ▄▄▄▄▄▄▄
  ████████       ▄███████████▄         ▄███████████▄      ███      ▄███████████▄        ▄███████████▄
 ███▀  ▀███     ████▀▀   ▀▀████       ████▀▀   ▀▀████     ███     ████▀▀   ▀▀████      ████▀▀   ▀▀████
 ███    ███    ███▀         ▀███     ███▀          ███    ███    ███▀         ▀███    ████         ████
 ███▄         ███▀           ▀███   ███▀           ▀███   ███   ███▀           ▀███   ███           ███
  ▀███▄▄      ███             ███   ███             ███   ███   ███████████████████   ███           ███
    ▀▀███▄    ███             ███   ███             ███   ███   ███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ███           ███
       ▀███   ███▄           ▄███   ███▄           ▄███   ███   ███▄                  ███           ███
███     ███    ███▄         ▄████   ████▄         ▄███    ███    ███▄          ████   ███           ███
███▄   ▄███     ████▄▄   ▄▄██████   ██████▄▄   ▄▄████     ███     ████▄▄    ▄▄████    ███           ███
 █████████       ▀█████████▀  ███   ███  ▀█████████▀      ███      ▀████████████▀     ███           ███
   ▀▀▀▀▀            ▀▀▀▀▀     ▀▀▀   ███     ▀▀▀▀▀         ▀▀▀         ▀▀▀▀▀▀▀▀        ▀▀▀           ▀▀▀
                                    ███
                                    ███
                                    ███
.Presale. Jan 31 - Feb 15
.Token Sale. Mar 3 - Apr 3
Karmakid
Sr. Member
****
Offline Offline

Activity: 364



View Profile
May 19, 2017, 07:41:59 AM
 #53

Its impossible no matter how advance their knowledge into it is,nodes is not easy to fake out and you need it in order to create an coin like bitcoin or make a copy of it,peoplw with knowledge will eventually notice it before going into it

   
▄████▄       
██████       
▀████▀       
▀██████      ▄▄▄▄▄▄▄▄▄▄▄▄   
▄▄█████  ▄██████████████████▄
▄██████▀██  ████████████████████
▄█████▀    ▀  ████████████████████
▄█████▀         ███ ████████████ ███
██████▀          ███ ████████████ ███
███████           ███ ████████████ ███

▄████▄                  ███████   
██████                 ▄██████     
▀████▀                ▄█████▀     
▄▄▄▄▄▄▄▄▄▄▄▄      ▄    ▄█████▀       
▄██████████████████▄  ██▄ █████▀         
████████████████████  ██████▀▀           
████████████████████  ██████▄             
███ ████████████ ███                     
███ ████████████ ███                     
███ ████████████ ███                       
  [    |    ████████████████████████
████████████████████████
███            ▀████████
███  ███████  ▄  ▀██████
███           ██▄  ▀████
███  ███████  ████▄  ███
███                  ███
███  ██████████████  ███
███                  ███
███  ██████████████  ███
███                  ███
████████████████████████
████████████████████████
  ] 
FACEBOOK  )   (  TWITTER  )
  SUBSCRIBE NOW!!! 
INSTAGRAM  )  (  LINKEDIN  )
kidoseagle0312
Hero Member
*****
Offline Offline

Activity: 518


StopTheFakes.io | pre-ICO 21.01.2018 | +40% Bonus


View Profile
May 19, 2017, 07:46:23 AM
 #54

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?
Everything in this world are now possible, and most of the time we became a victim of artificial things whether money, documentations, title of lot, and identity, etc. And regarding about bitcoin, yes! there are altcoins out there who are artificial/clone alternatives by bitcoin. They, can only duplicate but they can never get the original one characters of Bitcoin itself.

Blackdeath
Sr. Member
****
Offline Offline

Activity: 462



View Profile
May 19, 2017, 07:49:46 AM
 #55

All or most Altcoins are forking and tweaking Bitcoin's protocol so there are actually a lot of fake Bitcoins that have been created already and listed on the exchanges and are being called Altcoins.

Yeah and some of these altcoins are better than bitcoin on some technicalities like speed and fees. And one day if bitcoin is not able to address these problems surrounding then someone has to replace his throne. I ride with Ripple but I don't want the banks to control us so maybe NEM is the future.
No one can tell that since the competition in altcoins is tough that even investors can not decide which altcoin is better. Fake bitcoin shouldn't be called for altcoins which has same algorithim since they have differnet concepts, market, name, hash codes, and addresses.

[ Globitex ] Linking Digital Currency to Global Trade
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⇩⇩⇩ Download WHITEPAPER ⇩⇩⇩ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▅▅▅▅▅▅▅▅▅▅▅▅▅  FacebookTwitter LinkedIn Reddit  ▅▅▅▅▅▅▅▅▅▅▅▅▅
Seram1
Jr. Member
*
Offline Offline

Activity: 52


View Profile
May 19, 2017, 08:15:15 AM
 #56

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?
Hopefully not happen

Because bitcoin has a very sophisticated feature.
Bitcoin has a sophisticated algorithm and it is unlikely that it can happen.
FrankNoland
Copper Member
Sr. Member
****
Offline Offline

Activity: 266

Artworks and Campaign Management Services


View Profile WWW
May 19, 2017, 09:49:19 AM
 #57

I don't think that will ever happen since there are only 21 million bitcoins in circulation
stephanirain
Sr. Member
****
Offline Offline

Activity: 344


a new dimension in cryptocurrency investing.


View Profile
May 19, 2017, 10:42:38 AM
 #58

I don't think that it is possible. it is same like that someone ask us, can anyone hack the gambling sites, and than majority persons said that it is impossible, and few members said that may be it is possible, So same like this, some people think that not possible and some people think that may be it is possible but it is hard.
In my view, think positively than everything will be fine.
i don't think that is impossible too because bitcoin is not a paper money that you can duplicate it and change it into a fake money to fake people to accept it. this is the greatness of bitcoin you can't actually hack it easily like banks, gambling site, and accounts.
I think no because as you said bitcoin is not a paper money that you can duplicate it very easily. But if someone could hack bitcoin they could duplicate bitcoin and they can put it in their wallet. But i know there is no one who can hack bitcoin so still it is impossible to duplicate bitcoin or to fake it.


          ▄▄▄█████▀████▄▄▄
       ▄█▀▌▀▀▀▀▀▀▀ ▀▀▀▀▀▀▐▀█▄
    ▄█▌███▐███████ ██████▌███▐█▄
   ██▌████▐███████ ██████▌████▐██
  █▄▀▄▄▄▄▄▀▄▄▄▄▄▄▄▀▄▄▄▄▄▄▀▄▄▄▄▄▀▄█
 ██▌██████▐███████ ███████▐█████▐██
▐██▌█████▌████████ ███████▌█████▐██▌
███▌█████▌████████ ███████▌█████▐███
█▄▄▀▄▄▄▄▄▀▄▄▄▄▄▄▄▄▀▄▄▄▄▄▄▄▀▄▄▄▄▄▀▄▄█
▐██▌█████▌████████ ███████▌█████▐██▌
 ██▌██████▐███████ ███████▐█████▐██
  █▌▀█████▐███████ ███████▐████▀▐█
   █▄▌▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▐▄█
    ▀█▌████▐██████ ██████▌███▐█▀
       ▀██▄▌▀▀▀▀▀▀ ▀▀▀▀▀▀▐▄█▀
          ▀▀▀█████▄████▀▀▀
██
██

██
██

██
██
██
██

██
██

██
██






▄         ▄▄████▄▄▄
███▄     ▐████████▀
 ██████▄▄█████████
▀████████████████▌
  ███████████████
  ▀████████████▀
   ▄▄████████▀
 ▀▀▀▀██▀▀▀






▄██████████████▄
██▀ ▀███████████
███▄████████████
██  ▐█ ▀     ▀██
██  ▐█   ██   ██
██  ▐█  ▐██▌  ██
██  ▐█  ▐██▌  ██
▀██████████████▀






  ▄            ▄
 ▐████▄▄▄▄▄▄████▌
 ████████████████
▐████████████████▌
███▀          ▀███
▐█▌  ██    ██▌ ▐█▌
 ▀█▄          ▄█▀
   ▀▀▀▀▀▀▀▀▀▀▀▀







             ▄▄▄
        ▄▄▄█████
  ▄▄▄████▀▀▄███
▀▀████▀ ▄██████
    █ ▄███████
     ███▀█████
           ▀█▌







▐▄▄        ▐▄▄▄
▐████▄    ███████
▐█████▐▄ ███████▀▌
▐█████▐██▀█████▄█▌
▐█████▐███▄▀█▀▄██▌
▐█████    ▀  ████▌
  ▀▀██        ▀▀█▌
moooonu
Hero Member
*****
Offline Offline

Activity: 560



View Profile
May 19, 2017, 01:49:20 PM
 #59

I don't think that will ever happen since there are only 21 million bitcoins in circulation

Making fake bitcoins don't depend on how much bitcoins are in circulation or how much are not in circulation. Its bitcoin's code and alogrithem which makes it unique. but still blueprints are yet to be discovered.
sherlock_h
Jr. Member
*
Offline Offline

Activity: 59

Byteball: DAG, Built-in Chat, Conditional Payments


View Profile
May 19, 2017, 02:55:27 PM
 #60

The whole point of proof-of-work is to prevent this from happening. Not impossible, but extremely unlikely.
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!