Fake Bitcoin can be generated like a Fiat Currency Note? - Page 3 - Crypto World - CryptoTalk.Org Jump to content
Oxygen

Fake Bitcoin can be generated like a Fiat Currency Note?

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On 12/31/2019 at 5:43 AM, tienda said:

There are many coin in the market are fake, dont forget that the scammers and hackers they have many ways to stole the people money, so one of this way is create a fake coin to keep the money or Bitcoin of people when they invest on this coin.

Yes this is right. 

So we need to make sure that when we having a transaction we need to know first if the exchange of coins is safe or legit. 

We should prioritize the safety of our coins for us to not lost any amount. 


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There are many who invent these to make fake coins. Fia Bitcoin cannot be made like a fiat currency note. Even if it is made, it will never be the same as real currency. In that case, these currencies cannot stay in the market for long. Fiat coins are very familiar in crypto.

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13 minutes ago, magd said:

A lot of people have tried to create fake currencies, but those attempts are unsuccessful. What is the benefit of this behavior? It is harmful to many people. People may buy these currencies and then discover that they are fake. This is really painful. We should all stand up to fake currencies. We want the encryption to remain pure.

The person who is not responsible and only takes his own profit. this will make it difficult for others to know that the crypto or fiat received is fake.

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Crypto currencies are not like flat currencies. As the robbers or scammers can make fake notes in flat currencies, but in crypto currencies that is totally insane thing. No scammers can produce fake currencies to give people. But sometimes they create fake faucets or airdrops or bots. They can only scam people by phishing. So that is not possible to create fake currencies. 

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Your topics is amazing and interesting also fake bitcoins like fake fiat currency, fake currency comes in market their is no records and it's comes publicly, so many peoples exchange one to another so this detected most hard full work, but crypto we can't produce because bitcoin mining runs in block chain technology and this technology records every blocks mining bitcoin  counts, so its not possible to create fake bitcoins.


 

   

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On 12/30/2019 at 7:14 PM, Oxygen said:

This an interesting question, that like fiat currency some scammers produce fake notes and spread them. could fake bitcoin or any other fake coin be generated and spread? any one knows about it?

I am not sure about that, but I don't think there's anything called fake Crypto currencies or fake Bitcoin. The amount you have in your wallet is real and cannot be fake at all.

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Really it's a interesting and demand able issue for us, the authority of Crypto currency do it then it will so easy to become first currency of the world, because it's one big barrier of Crypto currency.

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On 12/30/2019 at 8:44 PM, Oxygen said:

This an interesting question, that like fiat currency some scammers produce fake notes and spread them. could fake bitcoin or any other fake coin be generated and spread? any one knows about it?

You can't make fake bitcoin or any cryptocurrency, scam coins are something else and completely another story, no one can make for example more of a token because it has to work on current network and only their team can make more tokens and if they do that you and others can see that information on the blockchain and they can't keep it as a secret to everyone.

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No, it can never be possible to make the duplicate or the fake Bitcoin which works within the Bitcoin network. This is a beauty of Bitcoin. Someone can create a fake Bitcoin which looks like the real Bitcoin but it can not survive even in the first transaction. 
 

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Fake bitcoin can not be generated but scamers uses new fake coins to scam people from their real cryptocurrency therefore, be alert.

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Fake bitcoin might be generated but not merged in the same bitcoin blockchain, they must have their own fake blockchain which they can't convince us about it

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No it's not possible to create fake Bitcoin like fake fiat currency because Bitcoin technology is based on the model of blockchain and it not easy to manipulate blockchain and create fake Bitcoin.

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I think bitcoin cannot be fake or just a scam from bitcoin, coins can be fake but bitcoin is not. I think bitcon can't be faked and not everyone created it.

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Yes, you can create a counterfeit cryptocurrency project, but the commander needs experience in programming, as well as great work, and the command is not easy, nor will it be accepted from any platform


 

Life is great and enjoy it

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Bitcoin cannot be counterfeited. When you own Bitcoin in your wallet, nobody can take it from you, control it, or forge it, Bitcoin has the highest levels of security.

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I don't believe that bitcoin can be faked, there are only some projects which are trying to be real crypto projects while they are just scamming you taking the money.

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Regarding the Bitcoin currency, I believed you that no person can create a counterfeit composition, but for currency fraud, it is done by creating projects for new currencies and symbols where people buy this currency in the hope that its price will rise soon, but it becomes clear after a period that the project is a fraud and steals everything We bought it


 

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12 minutes ago, Kassa said:

The circulating supply can we look on block explorer and each transaction can we se too so there is no way to make an fake bitcoin, I'm not sure how to explain it but it's advantages of blockchain technology that backing up bitcoin.

They cannot copy the special feauture of it, nor make a bitcoin like coin,because it is very unique and cannot be compared to each other.

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On 12/30/2019 at 11:14 AM, Oxygen said:

This an interesting question, that like fiat currency some scammers produce fake notes and spread them. could fake bitcoin or any other fake coin be generated and spread? any one knows about it?

Bitcoin's complete reliance on blockchain technology makes it impossible to counterfeit and create a counterfeit currency. Bitcoin is one of the most successful hundreds of attempts to create virtual currencies through the use of cryptography and codes.

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Bitcoin is in high demand as it is a decentralized currency. That's why people use bitcoin more than Fiat. However, fia bitcoin cannot be made like fiat currency notes. Bitcoin is not made in any currency. Fiat coins can never be used as one wishes.

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I dont believe that it can be generated un this platform and added to your yobit wallet. That's not possible for God's sake. But fake websites can be prepared where fake bitcoins can be provided which has no market value

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i don't think it can be happen. In crypto currencies every coin have its unique adress and when we transfer these coins it confirms from this address and then moves. 

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I am sure that bitcoin cannot be faked, but we have another problem, which is the problem of double spending, and that is by consuming a certain amount of bitcoin several times, and that happens if the bitcoin network has been hacked, and Satoshi Nakamoto talked about this problem in the white paper and explain how he tried Overcome it.

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Yes friend, even in crypto there are many fake coins which has no value at all and they have been listed in some exchanges. If you will buy them you will just risk your money because they will disappear aftyer reaching some targeted amount that they will be stealing by their fake coin.


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