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Author Topic: Can fake bitcoins be created?  (Read 9175 times)
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October 09, 2017, 02:13:26 PM
 #321

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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October 09, 2017, 02:16:44 PM
 #322

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's not possible. You can create counterfeit money, but bitcoin is not

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October 09, 2017, 02:19:34 PM
 #323

Possibly if there's a will, there's a way, I could not give a 100% yes but let's see to it in the future. A lot of people are getting more curious about bitcoin because of its impressive value and lots of advantages of using it. For bitcoin holders its gonna be a big threat for them to be affected on fake btc, We should be careful and be open minded in any decision, Lets think twice before we act.

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October 09, 2017, 02:23:54 PM
 #324

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 this is so impossible to happen. Bitcoin can be forked or segwit, but I don't think that they can create bitcoins that are fake. It could be the same as the bitcoin we have right now I mean just like a replica but it can never imitate bitcoin at its finest. Hope you get what I meant to say.

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October 10, 2017, 02:47:27 AM
 #325

I think that it is not possible. it totally depends on the algorithm. if it's possible to duplicate Bitcoin then so many creatures in the world.If it created then what will happen I don't know. on the other hand, it is totally impossible to create fake Bitcoin.if come fake bitcoin in the bitcoin market it will be most difficult for the general person to recognize.



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October 10, 2017, 03:01:57 AM
 #326

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 know that with blueprint something can duplicate but bitcoin is different with money, even the max coins of bitcoin is limited to 21 million that it can not change by ones, maybe just founder of bitcoin aka satoshi nakamoto who can.

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October 10, 2017, 03:02:13 AM
 #327

I think that it is not possible. it totally depends on the algorithm. if it's possible to duplicate Bitcoin then so many creatures in the world.If it created then what will happen I don't know. on the other hand, it is totally impossible to create fack Bitcoin.if come fack bitcoin in the bitcoin market it will be most difficult for the general person to recognize.



Indeed. We don't know which ones is the real bitcoin because it is a digitized money. Maybe the only way to find out is the private keys of everybody who take part in bitcoin. There are many existing coins that are popping nowadays and it's quite hard to differentiate which has the real value of bitcoin. I don't even know if these are all useful or not. I only believe in bitcoin because it has already proven something to me in my daily living. I could see the benefit that happened to me for many months now. So it's really hard to see the fake bitcoins.

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October 10, 2017, 03:11:24 AM
 #328

There is nothing impossible in this world. Ofcourse fake Bitcoin Can be created but it's too complicated to do so. Solving algorithms and stuff. It's not easy!

Yes everything is possible in the world. But, I think that fake Bitcoin create is impossible because its  totally depends on the algorithm. on the other hand
We don't know which ones is the real bitcoin. But it is only way to find out is the private keys. i think it is not possible to create fake Bitcoin.
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October 10, 2017, 04:11:09 AM
 #329

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?
One user did manage to find a bug in the bitcoin code back in 2010 that allowed him to create a transaction that created 184,467,440,737.09551616 bitcoins.
Have a look at these link:
https://en.bitcoin.it/wiki/Value_overflow_incident

Yeah, and eventually got fixed and all transactions after the bug were all cancelled, at the very least it has a fix and from there on upto now no such incidents happen, that's what I like with this.

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October 10, 2017, 09:07:31 AM
 #330

As we know that everything has bkueprint ,so it is not hard for them to create fake money,and everything now can make a imitation and now people can do all just for money and for their own.And we will not know it is a real btc because it is digitalized money that can be transfered.That's why it can be created so lets just be careful.

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October 10, 2017, 11:00:05 AM
 #331

very Simple answer to this is simply "No", Bitcoins can't duplicated.Because You need a whole blockchain to create bitcoin and no One can created another duplicate blockchain.
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October 10, 2017, 11:05:55 AM
 #332

I don't think so. Bitcoin has no physical property to clone or duplicate. Bitcoin is virtual money so its impossible to duplicate it. Maybe one can hack your account to steal your bitcoins. Also, when you think about ot, what is recorded as what you own is transaction based. So what you put in is bought from one place so its entirely impossible.

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October 10, 2017, 04:51:24 PM
 #333

As we all know that their are copycats to bitoin. yes their is BItcoin clone but for sure BItcoin is number 1 of all cryptocurrency. might as well think before you invest in that altcoins. Bitcoin hardfork or segwit segwit will create more Bitcoin clone but its a free money if you leave it in the exchanges.

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October 10, 2017, 04:59:37 PM
 #334

This is the only USP in Bitcoin that it can't be fake no one can make duplicate bitcoin because it need a lot of efforts to do so its just impossible to do duplicacy in bitcoins.

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October 10, 2017, 05:18:08 PM
 #335

Can you copy take the code and copy the blockchain yes.
Can you do this and try to get "fake" bitcoins on the btc network, then no.

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October 10, 2017, 05:22:20 PM
 #336

As we all know that their are copycats to bitoin. yes their is BItcoin clone but for sure BItcoin is number 1 of all cryptocurrency. might as well think before you invest in that altcoins. Bitcoin hardfork or segwit segwit will create more Bitcoin clone but its a free money if you leave it in the exchanges.
Never leave your coins in exchanges at the time of the fork,the safest method is to safe guard your coins in the wallet that you own,there are many copy cats of bitcoin and there are new coins with the same name,but bitcoin cannot be duplicated,now we have a fork coin called BCH and hopefully there will be another fork coin this coming fork ,other than that there wont be any duplicates.

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October 10, 2017, 05:28:18 PM
 #337

Bitcoin cryptography is very safe and can not be imitated in my opinion, because only the original creator who holds the cryptographic key,
so I think Bitcoin very impossible to imitate or duplicate ..

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October 10, 2017, 05:33:15 PM
 #338

How do you think Fake Bitcoins can be created? We can able to create fake money but bitcoin is a blockchain based wallet, that it will never happened.

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October 18, 2017, 08:17:50 PM
 #339

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?
haha i don't know, but nowadays anything could happened.
but hope it won't Cheesy

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