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Author Topic: Can fake bitcoins be created?  (Read 13440 times)
hovrah
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August 25, 2017, 05:17:58 PM
 #221

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.
The fact is that I would not mind at all to learn the full amount of information, about what it is to be afraid of Bitcoin users and beware of hackers. What can they do for example with access to the Bitcoin wallet or other means by users? Why they say that the key is almost impossible to pick up And at the same time we can be in danger.

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August 25, 2017, 05:43:43 PM
 #222

I do not really understand about blueprints,

but of course it is very difficult to imitate, you can see without the knowledge to know it.

The thing that becomes the comparison is his many new coin coins and ico projects. it is based because it is difficult or impossible to create an artificial blueprint to resemble bitcoin.
That's what I think.

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August 25, 2017, 05:51:43 PM
 #223

fake bitcoins are created all the time now with forks
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August 25, 2017, 05:54:47 PM
 #224

I think that in practice faking Bitcoins isn't possible. How would that function and what kind if system would support fake Bitcoins, this isn't clear to me. And if that was duable by now probably would have done it already but I think Bitcoin is safe form faking.

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August 25, 2017, 06:05:24 PM
 #225

Technically it is impossible to create fake bitcoins but I have seen that on some scam sites they create an illusion of real Bitcoin network. They claim to give you certain amount after you invest some amount on their site. First of all, they ask you to give you the Bitcoin address to receive payment.

Then they give you a link to make a deposit on their Bitcoin address as an investment and after some time, they send you a link of the confirmed transaction on their fake block explorer so you can not see the transaction anywhere in the blocks other than on the link they have provided to you. This illusion of network is possible but it is near to impossible to fake the actual original Bitcoin.

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August 25, 2017, 06:12:54 PM
 #226

That is not possible According to me. Like it can be created but no-one will trust that. But if you are talking about a different crypto currency then of course it is possible but I don't think any other currency can ever overcome Bitcoin.

   
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August 25, 2017, 06:21:42 PM
 #227

That is not possible According to me. Like it can be created but no-one will trust that. But if you are talking about a different crypto currency then of course it is possible but I don't think any other currency can ever overcome Bitcoin.

The algorithm complexity is unique and unequal, the node will continue to give a different pattern with increasing complexity, cryptology is very complex and if falsified as much as possible there are still 1-2 different nodes, so until whenever cannot be cloned and only able to stand alone with one privilege.
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August 25, 2017, 06:42:23 PM
 #228

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 don't think that it is possible to create duplicate bitcoins. Fake real cash (fiat) is possible if someone manage to get the blueprint but as said by many other users it will be really difficult and next to impossible to create the fake btc. As it will be required more advanced technology to mirror the btc which is not possible at the moment.

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August 25, 2017, 07:23:40 PM
 #229

Bitcoin is just a digital currency, so there is no way anyone can duplicate bitcoin.
I hope no one can duplicate bitcoin, if anyone can duplicate bitcoin then bitcoin price will drop.

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August 28, 2017, 02:17:52 AM
 #230

I do not know for sure, but I'm sure that bitcoin is safe and will not be duplicated. Considering that bitcoin users from all countries, there must be special security to protect it.
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August 28, 2017, 02:23:29 AM
 #231

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?

Definitely , since bitcoin obtain huge amount I think sooner it will be replicated for signature campaigns distribution , in which certain forum user will be given a task and fake bitcoin will use fot exchange and it may trick people and think that it is valuable but in the end of the day its useless.

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August 28, 2017, 02:29:57 AM
 #232

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 is possible,  but I had read this article where they said that bitcoins are unhackable. Even if they had created the super computer where can creat a different patterns to be able to hack their system vut until know it is nearly impossible. But I know they can always duplicate it, if one of the creator of bitcoins decided to create a new one, they can easily do it. But if an ordinary guy who know computer I think he can create cryptos but not like bitcoins cause bitcoins are way too secured.

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August 28, 2017, 02:41:09 AM
 #233

I think yes!  bitcoin can fake, but it easy to determine whether a person fake their bitcoin he has  because their is a system that all bitcoin user has a record on how many bitcoin that he have.

So even bitcoin can fake maybe, but the person who can do that is easy to determine.

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August 28, 2017, 10:39:31 AM
 #234

It exists already! it is called bitcoin cash. My bad, poor joke. I doubt this is possible, double spends are possible, but fake coins?
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August 28, 2017, 11:16:16 AM
 #235

I think we may call all altcoins that exist as duplicate of bitcoin. Don't you agree? all of them where created by the same sample, but yes, the price is not the same as for bitcoin, but all of them are trying to reach the same results. I think the exactly copy of bitcoin is impossible to make.
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August 28, 2017, 11:41:23 AM
 #236

While it's technically possible, it's pretty much impossible. You would need to get by the encryption which is unbelievable strong and near impossible to crack with computers. It's been a debate whether quantum computers will be able to do this, but I doubt they'll be a threat.

who cares
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August 28, 2017, 11:44:40 AM
 #237

It exists already! it is called bitcoin cash. My bad, poor joke. I doubt this is possible, double spends are possible, but fake coins?
Agree on what you have said.Its possible since Bitcoin do already have Bitcoin cash which i do really consider as a duplicate or clone of bitcoin itself. If you do try to see the stats then there would really be no doubt the main thing on here is that no matter how many copy-cat coins in the market would try to replace bitcoin i think it would really be a tough thing for them for sure.

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August 28, 2017, 11:58:11 AM
 #238

fake bitcoin can be created but it will never be accepted in the blockchain. That is why bitcoin is used by many people and hackers. The security of bitcoin blockchain is strong and you can not fake anything without being recognized. And because of this reason, bitcoin is definitely greater than fiat. In the future, the blockchain will become a part of the world

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hachiman13
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August 28, 2017, 12:07:04 PM
 #239

From what I've read, there's a timestamp for every transaction and not only that, there's the past information or hashes(?) in the chain where a fake bitcoin would be impossible to imitate. And there's this double spending that the others are already discussing which is practically not advantageous for the hacker to even try. So no, I don't think bitcoins could be faked.

stompix
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August 28, 2017, 01:05:17 PM
 #240

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.

If you think so then I really don't know what you are doing on this forum.
Go to the newbie section before start sprouting nonsense around here.

Even if some "hackers" manage to create a chain it's just an altchain or an altcoin, it's not  fake bitcoin that can be traded 1:1 for "real" ones.

fake bitcoin can be created but it will never be accepted in the blockchain. That is why bitcoin is used by many people and hackers. The security of bitcoin blockchain is strong and you can not fake anything without being recognized. And because of this reason, bitcoin is definitely greater than fiat. In the future, the blockchain will become a part of the world

If they aren't accepted in the blockchain it means they haven't been created.
Something that is not in the blockchain does not exist.

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