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Author Topic: Can fake bitcoins be created?  (Read 11403 times)
Qunetick
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November 13, 2017, 10:09:08 AM
 #421

In my opinion it is possible, do not underestimate human brain our brain evolves time to time. The only thing that's impossible to create is world peace.


Probably you're right. But bitcoin is different from fiat money you know. It doesn't mean that we underestimate people's mind but it is not very easy to fake bitcoin because unlike fiat money there is really a specific design and materials to be used so you can make a real and valid fiat money with the real signature of some of the government authority especially president. There would be possible websites that will try to deceive you that they will pay bitcoin but the truth is no, then it is not a fake bitcoin it is just a scam.

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poplolnman
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November 13, 2017, 10:10:38 AM
 #422

i dont think that is impossible for hackers to create a new fake bitcoin, but that will take a very hard time to do that because bitcoin core system changes everyyear,  and everytime we complete a transaction we create a new code, many new codes create a bitcoin, so bitcoin code is always changing. not easy to create bitcoin in such a little time.
don't need a hacker , simply just do a bitcoin fork wait for a while until the price increase a little bit and start claim that the real bitcoin are the one who just created from the fork. we all can see it on bitcoin cash few days ago someone who crazy enough to call that the rel bitcoin now are bitcoin cash . it's pretty clear nowadays the fake bitcoin are bitcoin cash  Roll Eyes .

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November 13, 2017, 10:13:25 AM
 #423

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 its possible because if the blueprints of bitcoins can have the other maybe they create fake bitcoins or as like as bitcoin originality and sometimes in the worst case scenario they use blueprints of one thing to create one thing that greater than the original. but sometimes in the blueprint the thing they called "secret strategy" was not found in the blueprints and only the creator have it. if the bitcoin have it so it must really difficult to copy or to duplicate but i hope that there's nothing in this world can duplicate bitcoin

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November 13, 2017, 10:14:55 AM
 #424

It's not possible to create a fake except you want to overwrite the existing
mifanmuzny
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November 13, 2017, 12:30:32 PM
 #425

no it cannot be and never will be thats why its a bullet proof currency system

Darwintas
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November 13, 2017, 12:31:45 PM
 #426

It cannot because the code of bitcoin is not a open source. It is very secret because satoshi have it made well no one have hacked in the system in bitcoin.

They can create a replica of it but they cant create fake coins out of it.
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November 13, 2017, 12:39:59 PM
 #427

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?


These are hashed code, it will be hard to decrypt it. Probably can be?? if they know how to decrypt all anonymous hashing code contributed by miner all over the world into one.

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November 13, 2017, 12:58:51 PM
 #428

for me No it is imposible to fake bitcoins. because bitcoin is virtual money it is imposible to decrypt it. bitcoin is different from fiat money which is easy to fake it.
Eraldo Coil
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November 13, 2017, 01:02:32 PM
 #429

No. Making another bitcoin or faking cryptocurrencies is impossible. This is one of the advantages of bitcoins. Unlike real money, it can be faked. But even though bitcoin can't be faked, It is still possible to hack your wallet and hackers can get your coins. The system of preserving your bitcoins is still the same in real life. It is like having a bank.

phutakami
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November 13, 2017, 01:18:14 PM
 #430

It's not possible to create a fake except you want to overwrite the existing
I think you can not overwrite the original because it runs individually without the same block so that's impossible.

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quocsi
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November 13, 2017, 01:28:15 PM
 #431

It's hard to do this, I think. Bitcoin is not like traditional paper money, bitcoin is a virtual currency. No specific shape is clear so it can not be forged. We can use it safely
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November 13, 2017, 01:38:54 PM
 #432

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 opinion it didn't happen because the one who create or organize bitcoin is so much smart because of the logical number and generate addresses in bitcoin. The data is so high security and there is a very low chance that hackers can manipulate the bitcoin world. But every thing has a weaknesses and maybe some day bitcoin will going to down because of the attackers and hackers. So don't be confident that your money or bitcoin is totally safe in the addresses you input it.

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November 13, 2017, 01:46:25 PM
 #433

it is impossible to duplicate the bitcoin because only the members of the machine maker can assemble the coin's criteria and can be traded.
Virtual money has its own criteria is very different from the local money that is often duplicate because of the form of logo "which is easy in form.

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November 13, 2017, 01:51:10 PM
 #434

Its a virtual one.not that real money which is made of paper.how can you duplicate a virtial thing.and you cant make that blockchain
I agree with your words. Because brothers are a lot different between real world and online world. There can be a lot of things here and possible. But everything does not last.

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November 13, 2017, 01:53:23 PM
 #435

While the *concept* of bitcoin has already been duplicated,  bitcoins themselves most likely can't be duplicated,  as the miners would easily see that the transactions weren't made through legitimate means and wouldn't confirm them.  Due to this,  bitcoin is safe in this aspect but other cryptos can be made.

Oppang Inamo
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November 13, 2017, 01:53:28 PM
 #436

It is possible, because nowadays people are very techy and think about on how technology can make the world very ruined, and what more the digital money or currency its very easy to make and to scam people, thats why it is possible, but i think bitcoin will not let that happen because bitcoin is very powerful.

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November 13, 2017, 02:19:24 PM
 #437

as i know anyone can created new coin / token (smart contracts) its mean that anyone have an access to make new coin, but i think fake bitcoin can created by anyone because bitcoin have an unique id. you need to send / receive from same blockchain, if its different it will failed to make that transaction

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November 14, 2017, 08:39:23 AM
 #438

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.
Bitcoin is not a game of kids, neither its small project so that it could be easy for hackers or software experts to hack or duplicate bitcoin. In now it is impossible but may be in future new advancement come and it becomes possible as it happened for paper money. But hope for the best and make your investments into bitcoin and enjoy your rewards

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Gladz29
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November 14, 2017, 08:44:40 AM
 #439

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 I think bitcoin is so easy to duplicate it. Because now a days there are some things that duplicate even money can fake it.. But in bitcoin there are fake but more in real so be careful when you buy bitcoin.

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November 14, 2017, 08:53:56 AM
 #440

 Anti-counterfeiting  is always found with traditional currency and it is a real threat.But  there is no such thing as a "bitcoin" that can be copied,i have not had of it.

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