If Bitcoins Aren't Real, What Is To Stop Someone From Faking Millions of Them?

[isabella01]

Surely hackers could come up with a similar concept and next thing you know its viral and tons of gullible people are on to it too!

[pedrog]

What do you mean by "bitcoins aren't real"?

The genius of bitcoin is precisely the scarcity, the impossibility of double spend.

[Emoclaw]

I'd suggest you start here: https://bitcoin.org/bitcoin.pdf to learn how Bitcoin works.
Bitcoins are real.

[isabella01]

What do you mean by "bitcoins aren't real"?

The genius of bitcoin is precisely the scarcity, the impossibility of double spend.

I mean they not tangile. its all virtual reality.

[pedrog]

What do you mean by "bitcoins aren't real"?

The genius of bitcoin is precisely the scarcity, the impossibility of double spend.

I mean they not tangile. its all virtual reality.

All software is like that, you can't deny the usefulness of the Internet or computers, it is not virtual reality, it's software, virtual reality also made with software and computers.

If you can buy beer with it, it's real.

[Agrello]

I think what you are describing is a closer definition of traditional USD and other global currencies that are backed by nothing and can be - and is - printed at will. Please look into how money came about and how it works. It will help you understand the greatness of Bitcoin. The hackers you describe are central banks in such a case who do as you say come up with similar concepts all around the world.

its viral and tons of gullible people are on to it too!

That is exactly what has happened with fiat money (USD, EUR etc.)

[franky1]

firstly
bitcoin is not like fiat with a central database that can be hacked/manipulated. its a local database with many mechanisms, which is then verified and check by/on thousands of people computers that sync as a network to check everything everyone has is the same

you cannot simply add a couple zeros to your 'balance' and become rich.

bitcoin is way way way more complex.
there is no 'account'/'balance' to hack.
there is no single location to manipulate to affect the bitcoin network

bitcoin at code level is a ledger of from A to B transactions and holds all the value movements since creation.
the front end graphical user viewing side displays it more simply as a total. but this total is not in bitcoins ledger as a total. its just a local calculation a persons pc does for viewing pleasure.

if a person tried to change the total or spend more value than what actually exists in the ledger that spend is void.
there are many checks and double checks and triple checks (thousands of checks infact) to ensure nothing can be edited in.

in short if one person rewrote their ledger. the other thousands of checkers would ignore it, because it doesnt match their versions of events(ledger)

however with that said
many scammers can con someone into downloading an altcoin program and make the victim believe the program they downloaded was bitcoin. but people can simply check an address/transaction using one of the many public 'explorers' to see if that transaction/address is a real bitcoin transaction or not.

in short if its not on the bitcoin ledger it doesnt exist.

there are many mechanisms that secure the ledger and many mechanisms to ensure everyone in bitcoin has the same ledger. if someone was to break the mechanisms all they are doing is creating their own altcoin which other bitcoiner would ignore

[BitcoinHodler]

What do you mean by "bitcoins aren't real"?

The genius of bitcoin is precisely the scarcity, the impossibility of double spend.

I mean they not tangile. its all virtual reality.

if you start thinking like that then your whole world falls apart because with your logic everything is "virtual reality". starting with your bank and all the times you have used them, whether it was to deposit money into your account or it was using your credit card. they are just numbers on a computer that you were using!

[7jaka7]

Surely hackers could come up with a similar concept and next thing you know its viral and tons of gullible people are on to it too!

They had almost 10 years to hack it till now, but no one has done it yet. Don't mix trade platforms and Bitcoin blockchain hacks!
You must know that there are many people who will ''defend'' BTC too, not all want to just hack it and destroy this.

[BTCLovingDude]

Surely hackers could come up with a similar concept and next thing you know its viral and tons of gullible people are on to it too!

They had almost 10 years to hack it till now, but no one has done it yet. Don't mix trade platforms and Bitcoin blockchain hacks!
You must know that there are many people who will ''defend'' BTC too, not all want to just hack it and destroy this.

you are correct however the time bitcoin has been around is about 8 years. the bitcoin paper was published on 31 October 2008 but the code was released on January 2009.

[European Central Bank]

I mean they not tangile. its all virtual reality.

so is more than 90% of fiat currencies. it's just numbers sloshing around the system that people swap. the reason they have value is because people choose to give it value. same goes for bitcoin.

there are thousands of other coins all attempting to do what bitcoin does. they're worthless because there ain't widespread agreement that they're worth anything.

[DoublerHunter]

Bitcoin is real and if bitcoin is not real then people like us are not here and wasting our time because we can't get benefits from bitcoin if it is a fake currency or source of money. From the start and in the end, bitcoin will be real and 100% legit so we don't need to be worry about fake coins out there.

[bitbunnny]

I don't know what you mean, how could anyone fake Bitcoins. You mean by counterfeiting or what? This is not possible. Or faking the balance..Bitcoin is functioning in the virtual world but still it's arthur good protected and it's.not easy to manipulate with network and fake balances.

[cryp24x]

They can clone bitcoin but the clone won't run on Bitcoin blockchain.  There are lots of nodes that verify the transaction.  These are the computers that have their copy of bitcoin blockchain that prevent someone from faking millions of BTC.

[omonuyak]

Surely hackers could come up with a similar concept and next thing you know its viral and tons of gullible people are on to it too!

Bitcoin is very real and we can see the reality of it by the high trading volume of over 31b dollar. We should know that what ever is good people will always try to faking many services and product in other the get what they want since they can not get it in the right ways.