bitcoin and crypto and fiat currency

[Reid]

you cant fake fiat currency

This is wrong.

If you go turn in on some articles, news or videos, search and you'll get to see how many frauds including fake cash were used by sindicates.

I don't understand if that is a typo error or he really meant it.
Like "You cannot fake fiat because you will be arrested." I think that is the synonym of what he is trying to tell. I hope.  

but.....is ethereum same fakeproof as bitcoin?

Oh please. What are you now? Top Cryptocurrencies hater?  
I guess this is the reason why Satoshi left everything for the users.
You have all the answers above this reply, try to marinate them in your brain first.

[TheUltraElite]

you cant fake fiat currency and if you do you got problems with law.

Counterfeit is a crime. Which country do you live in that you say you get in no such problems? I am sure a lot of money launderers are willing to know that.

how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

The system by which new coins are minted is mining and to do that they need to do some "work" - that work is equivalent to solving a complex math problem presented to the device which is mining. That determines the difficulty of the blockchain which varies with more devices entering the pool or leaving the pool in order to balance the flow of new coins.

That is the only way a coin can be minted into the supply. Although I am not that tech oriented about this, there might be some verification methods to ensure integrity as well.

but.....is ethereum same fakeproof as bitcoin?

You might want to leave crypto as it is if you are getting suspicious of everything. Doubt is something that is detrimental in case you want to invest in any of these coins.

[imstillthebest]

faking everything is against the law and there are corresponding penalties for that .

for fiat , there are cases on the past in which bad guys print fake fiat money  . some got caught while some are still going because they target stores or people that are less knowledgeable when it comes to checking the currency if its fake or not , that was also the time where money detector got indemand .

for btc , it cant be fake because theres only one known btc and it cant be duplicated but some coins that have btc on thier names does not mean fake  . theres so many ways to check them and we can do something to prevent or stop them without the government or law involved .

[witcher_sense]

In fact, bitcoin is more counterfeit resistant than any fiat money issued by governments. Counterfeiting is very interesting topic to discuss, especially because of the fact that it can be done legally and illegally. We are all aware that illegal counterfeiting is against the law and must be punished, but not many people actually realize that the system of money we have today is essentially legal counterfeiting. Governments and central banks are counterfeiting money every time they create "new money", inflation and debasement of money are no other than legal counterfeiting. Money is being created out of thin air, it has no intrinsic value, it is not backed by anything. Unlike gold, for example, that is almost impossible to copy and counterfeit, paper money and digital numbers can be easily printed. Bitcoin can be counterfeited neither legally nor illegally.

[proTECH77]

you cant fake fiat currency and if you do you got problems with law.
how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

Yes, you will know if BTC  and crypto is fake because their are many scammers all over the world looking for people to scam. If really you are BTC and crypto users Know how you would not identify real BTC and crypto in the market.

I think there is a law governing BTC and crypto which only 12.5 Bitcoin can be mined every 10 minutes. Also there can only be 21 million Bitcoin in existence. As you can have problem with illegal  Fiat money according to law likewise bitcoin and crypto also have their own law guarding them too.

[palle11]

you cant fake fiat currency and if you do you got problems with law.
how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

Be deceiving yourself, or maybe you need correction, well that is why you bring it up here. In fiats, people spend fake money, I was given one some days ago, that is why physical fiats can be fake. Unlike bitcoin, only 21 million bitcoin is existing, in a way no new ones can be created except the 21 million, nothing like spending fake bitcoin, it is not possible because no fake bitcoin is existing.

I don't get it with the story of bitcoin being fake. You can only have fake currency in cash when dubious people try to make such fake of their local fiat and which is an offence that can get the person into problem. As for the bitcoin, it is not to be faked except you are being deceived.

[abhiseshakana]

In fact, bitcoin is more counterfeit resistant than any fiat money issued by governments. Counterfeiting is very interesting topic to discuss, especially because of the fact that it can be done legally and illegally. We are all aware that illegal counterfeiting is against the law and must be punished, but not many people actually realize that the system of money we have today is essentially legal counterfeiting. Governments and central banks are counterfeiting money every time they create "new money", inflation and debasement of money are no other than legal counterfeiting. Money is being created out of thin air, it has no intrinsic value, it is not backed by anything. Unlike gold, for example, that is almost impossible to copy and counterfeit, paper money and digital numbers can be easily printed. Bitcoin can be counterfeited neither legally nor illegally.

There is nothing we can do with fiat money (dollars) which has complete control over currency warfare in the world. When Bitcoin emerged with the simple goal of eliminating third parties as facilitators of transactions, the World was jolted because it was the first time anyone opposed fiat domination with a system separate from the existing fiat network and even recognized as being more powerful and more up to date.

We need to remember as long as money in any form, internationally recognized currency & cryptocurrency, if it is used as a commodity and traded, there will always be opportunities for manipulation and monopoly from the parties who determine (price maker) in the trade.

[pawanjain]

Wow so many experts here ?
How do you know about BTC so much?  
what is the main source of knowledge?
are you guys all programmers and it tech guys?

This forum itself is the main source of knowledge but that is not the only thing. We must know how to use this forum to grow our knowledge more.
This forum has so much of information already that we don't have the need to look for anything anywhere.
Also, being a programmer would be a benefit, we don't have to be a programmer to know about bitcoin. We can know about bitcoin just by reading the articles which are already present on this forum.

[jossiel]

you cant fake fiat currency

This is wrong.

If you go turn in on some articles, news or videos, search and you'll get to see how many frauds including fake cash were used by sindicates.

I don't understand if that is a typo error or he really meant it.
Like "You cannot fake fiat because you will be arrested." I think that is the synonym of what he is trying to tell. I hope.  

He didn't addressed any correction for that.

But if we'll depend to only those words, it's very easy to say that faking fiat is happening. And if what you have explained is what he meant, then that's right. That syndicates or any individual that conducts frauding with fiat will surely get caught and will have their jail time.

Wow so many experts here ?
How do you know about BTC so much? 
what is the main source of knowledge?
are you guys all programmers and it tech guys?

I'm not a programmer but if bitcoin is very much easy to be faked, there has been a lot of it but can't be named the same as bitcoin. They're using forks for it to copy.

[BuNga_cute]

With blockchain technology it does not allow Bitcoin to be counterfeited, in contrast to fiat which is very easy to fake.
Or it's easier if you search on google, I've never found an article that says Bitcoin has been faked. Very different from
fiat, you will find dozens of articles from all over the country related to fiat. So in my opinion it is impossible for Bitcoin
to be counterfeited, even though I am not a programmer, but I took the time to learn how the blockchain technology
that Bitcoin uses today. So you can understand that Bitcoin is impossible to counterfeit.

[Coroline]

I don't get it with the story of bitcoin being fake. You can only have fake currency in cash when dubious people try to make such fake of their local fiat and which is an offence that can get the person into problem. As for the bitcoin, it is not to be faked except you are being deceived.

From this useful post
This is what miners use to contribute to Bitcoin's blockchain network. We all will not be able to manipulate the chains the miners have created. The data is clear, so there will be no momentum to commit fraud.
In contrast to FIAT, which uses paper media to make it. Not everyone has a better understanding of real or fake money. Because the physicality of an object can be copied by anyone who has the intention to duplicate it

[Reatim]

you cant fake fiat currency and if you do you got problems with law.
how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

You are a trusted person 100% in LocalBitcoin yet asking this question?

im trusted member from localbitcoin with 100% trust and good feedback trades.

and also creating many threads that can show your activities and knowledge abount cryptocurrencies here

https://bitcointalk.org/index.php?action=profile;threads;u=2835857;sa=showPosts

Shows that you are only trolling here and not really Noob about what you wanted to portray .

[Bitcoin_bullish]

you cant fake fiat currency and if you do you got problems with law.
how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

Bitcoin can't be faked but you have to understand one thing. The word "crypto" includes Bitcoin because it is a cryptocurrency but it is something very different and very similar too. In a way, you put bitcoin in the same category with every other cryptocurrency with your above sentence. This is a common mistake many people do.

First of all, Bitcoin can't be faked. I don't know if other cryptocurrencies can. Bitcoin is supported by a community that is at least ten times better from the rest cryptocurrencies. When you say the word "crypto" most people that have some experience don't like that for many reasons. This word was created to reduce Bitcoin and to expose it to the many weaknesses of the altcoin industry, weaknesses that Bitcoin doesn't have on its own. The code is there it is open source and Bitcoin doesn't have anyone to steer the wheel left or right, but it is the decision of all that paves the way.

"Crypto" is a marketing term and not welcome to use next to Bitcoin because of the many fallacies in the approach of altcoins. At least you separated BTC and crypto in your post so you are on the right path.

To understand how Bitcoin works read the whitepaper , written by Satoshi Nakamoto and released in 2008. This is where you must start. The next step is the bitcointalk forum and you are already here but you skipped the step of researching how Bitcoin works. Don't worry most of us have done the same mistake but after some time comes the realization that we have to start again from the beginning.

Perhaps you can also watch a few very educational videos created by some very brilliant people of Bitcoin as Andreas Antonopoulos to get educated further. The bitcointalk forum is excellent for your education on Bitcoin and it has helped me and keeps helping people with expanding their knowledge.

[AniviaBtc]

I think you don't know how blockchain technology works. Bitcoin is a product of blockchain technology. Created by blocks. The creator Satoshi Nakamoto can't control it or use it for him self. Also you can't fake bitcoin. If it is possible than we could see many more bitcoin in the market. But the answer is no you can't fake BTC like fiat.

BTC is not that easy to fake especially that it has only a limited supply and it is monitored.

Compared to fiat currency that doesn't undergo any process when making transactions.

It is really hard to fake something that is in a digital form, especially money, it has regulators and platforms that are really secured and strict when being accessed. Also paper money are easy to fake because it is not that hard to replicate one when you have the tools. Blockchain technology is really our future, it is much secure and much well-regulated.

[Gotumoot]

you cant fake fiat currency and if you do you got problems with law.
how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

LOL are serious?
You want to know if we could fake BTC? Then the answer is yes there are already fake BTC circulating around and claiming to be the real BTC.
But it is not like how it is done in Fiat that they are very similar here in crypto the fake BTC have name extensions  .

[J1mb0]

In fact, it's easier to counterfeit fiat currency than counterfeit bitcoin, and counterfeiting money costs the world economy billions of dollars.
Up to now I have never seen any fake bitcoins appear, but I have met a lot of counterfeit money in real life. That said, bitcoins cannot be counterfeited and fiat currencies are easy to counterfeit.

[maxreish]

you cant fake fiat currency and if you do you got problems with law.
how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

I think you misunderstood how those limited supply stated in coinmarketcap means. And though there is no law about these cryptocurrency supplies but creators should not recreate more of those. I wonder how'd you say btc and otber crypto coins are possibly faked. There is a "mining" proccess for those coins to br existed.

[cryptoboss2020]

you cant fake fiat currency and if you do you got problems with law.
how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

You are a trusted person 100% in LocalBitcoin yet asking this question?

im trusted member from localbitcoin with 100% trust and good feedback trades.

and also creating many threads that can show your activities and knowledge abount cryptocurrencies here

https://bitcointalk.org/index.php?action=profile;threads;u=2835857;sa=showPosts

Shows that you are only trolling here and not really Noob about what you wanted to portray .

the trust score dont mean i can undestood how the eaxcly the btc is working!!

im not a einstein not satoashi i really dont know about blockchain and bitcoin that much!

[cryptoboss2020]

you cant fake fiat currency and if you do you got problems with law.
how we know the btc and crypto is not faked...it means the creators can create any ammount of crypto as they want as there is no law to legit forces to check over btc and crypto creators

I think you misunderstood how those limited supply stated in coinmarketcap means. And though there is no law about these cryptocurrency supplies but creators should not recreate more of those. I wonder how'd you say btc and otber crypto coins are possibly faked. There is a "mining" proccess for those coins to br existed.

limited supply is not really factor to drive price up and gives legimatly the main reason for currency or asset is how much its needed !
right now it seems btc is needed.

[mangsitin]

bitcoin is a cryptography-based virtual currency.  bitcoin cannot be counterfeit, but Bitcoin technology which is based on blockchain technology provides an attractive option for cybercriminals.  With the operation of Bitcoin as a decentralized currency, people can make transactions without intermediaries such as banks or other financial institutions.  without intermediaries this allows Bitcoin users to gain anonymity and an impenetrable level of confidentiality from third party interference.  and in 2015 the founder of Silk Road, an underground digital marketing platform that facilitates the sale of illegal drugs, was sentenced to life in prison for transacting $ 1 billion in bitcoin.