Topic: How can you verify if a bitcoin is real? - page 6. (Read 1122 times)
It is for sure safer to go with an airdrop than ICO. For example is Marinecoin (MTC)distributing its total supply via airdrop. Check it out: https://marineco.in It is a self sustaining machine to machine system. Their Ardrop works with proof of promotion and works with artificial intelligence. The community is still quite small, but steady growing. In my opinion it could get quite big. The best thing is that you do not have to invest your money since it is completely air drop based. Its time tested as well. It had once a even bigger market cap than BTC.
Bitcoin does not have fake, it is not like fiat money, if someone sends you bitcoin then it will show up in your wallet if the transaction is done right. You cannot just make bitcoin at will.
I honestly think OP has a good question and for users new to the cryptocurrency world this is important to know especially that crypto coins do get forked once in a while and the easiest way to verify a coin is through a block explorer meant for a specific coin so if its bitcoin there specific explorers for it same goes to bitcoin cash and all other coins.
i think it's one of the stupidest questions i've ever read.
the only reason this forum and bitcoin still exists is because there is no such thing as a fake bitcoin, never will be and never can be.
you have a bitcoin wallet. it accepts bitcoins. you send bitcoins. it is 100% impossible for the bitcoin wallet or network to do anything else.
if there was a shred of doubt about this no one would touch it. the total erasure of doubt is the only thing it has going for it to win over skeptics.
I honestly think OP has a good question and for users new to the cryptocurrency world this is important to know especially that crypto coins do get forked once in a while and the easiest way to verify a coin is through a block explorer meant for a specific coin so if its bitcoin there specific explorers for it same goes to bitcoin cash and all other coins.
I'm not sure if I understand what you are actualy trying to ask. Do you mean if Bitcoin can be forged? If that is the question the answer is no and you can't get any fake Bitcoin. Everything is verified through network and miners so nothing similar can't happen.
But Bitcoin doesn't have it's physical version so you can't touch it or feel it it that was your thought.
But Bitcoin doesn't have it's physical version so you can't touch it or feel it it that was your thought.
yes, bitcoin really can change your LIFE if you start invest Now.
I feel the marketing & promotion is more important zero fees for community growth and sustained usability of an altcoin.Website is: https://marineco.inMore details here Yes 100 percent free no strings attached. Marinecoin is an extremely fast coin that is eco- friendly and dev=less. mtc will be controlled by artificial iot intellgience and will be a real force in the crypto markets in the future. https://marineco.in It is a time tested mtc network. Marinecoins block chain is 500% faster that Bitcoin community .
bitcoin can be deduced in absolutely real money. so that by 50% the currency is very real
Bitcoin is real because bitcoin pay cash in my hand so it is real and real life of cash money
you can do it buy trusting bitcoin blockchain network. or you can do it with yourself.
we have bitcoin full nodes, you can trust them and run SPV wallet or verify every block and run your own bitcoin full node wallet.
after sending bitcoin you can send some bitcoin fees to include your bitcoin in new block and that miners use that money to pay electricity costs.
So that you pay fee miners talk this fee to verify about network and correction all operation.
we have bitcoin full nodes, you can trust them and run SPV wallet or verify every block and run your own bitcoin full node wallet.
after sending bitcoin you can send some bitcoin fees to include your bitcoin in new block and that miners use that money to pay electricity costs.
So that you pay fee miners talk this fee to verify about network and correction all operation.
You can use Blockchain.info to track your transaction. or if you do have bitcoin address to send and receive payments then that's legit. you can buy bitcoin in banks atm or convenience near you.
Exactly, all transactions are recorded in a public ledger which can be verified on the blockchain with just a click on your computer or smartphone and so there's nothing shady about bitcoins and no new bitcoin can be created or double spent outside the blockchain.
yep that has to be one the best features about crypto currencies in general that it cannot be replaced or increased the coin supply not like fiat you make alot of fake money that you even governments sometime cannot tell the fake form the real cash
You can use Blockchain.info to track your transaction. or if you do have bitcoin address to send and receive payments then that's legit. you can buy bitcoin in banks atm or convenience near you.
Exactly, all transactions are recorded in a public ledger which can be verified on the blockchain with just a click on your computer or smartphone and so there's nothing shady about bitcoins and no new bitcoin can be created or double spent outside the blockchain.
If you access your wallet and it show you that you have a bitcoin, given that it is confirmed by at least 3-5 nodes, then you definitely have a bitcoin. It can't get any real that that. The blockchain, which is spread accross the world, will have a record of that bitcoin in your wallet so you're good. As long as you have the private key and did not expose it to anyone.
Bitcoin can never be faked as long as you have a legit bitcoin wallet. Once you buy and received bitcoin or even a chunk of it in your bitcoin wallet, then that's it, it's pure bitcoin already and you will also notice that its market price will go up and down regularly.
Since it's a public ledger of transactions on the blockchain and its broadcasted across all the network and verified by the nodes i don't think you can easily send funds to any bitcoin wallet without the knowledge of the network. How can you avoid all these protocols and send funds? It is near impossible.
Bitcoin can never be faked as long as you have a legit bitcoin wallet. Once you buy and received bitcoin or even a chunk of it in your bitcoin wallet, then that's it, it's pure bitcoin already and you will also notice that its market price will go up and down regularly.
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros?
When you receive bitcoin, you receive "nothing" on your computer. Instead, the bitcoin gets transferred in the "cloud".
Think of a cosmic post office with 2^160 PO boxes. To receive bitcoin, you pick a box at random, take the key out of the door, and tell your payer the box number. At your leisure, you can walk past your box, and look in the window to see if payment has arrived. When your payer sends payment, they'll hand it to the bitcoin postmaster, provide some postage, and specify that the payment be placed in your PO box. You don't have to be around to receive payment. You can also leave the payment sitting in the PO box "forever". Once you are ready to spend the coin, you'll use your key to open the box, take out the payment, head over to the postmaster, and pay it on to the next recipient(s). Actually, you never handle the payment directly. You give a scrambled version of the key to the postmaster, and they'll retrieve the payment. You know the coin is real because only the postmaster handles it, and everyone is carefully watching the postmaster.
BTW, the name "wallet" is a misnomer. A better name would be "keyring". It holds the keys to each of your chosen "PO boxes". Originally, wallets would have keys to all your randomly chosen boxes. More modern Hierarchical Deterministic wallets only need to be pointed at the first random box. From there they move to new boxes via a formula - e.g. five boxes over and three rows down.
Miners are the garantee that Bitcoins you receive or send are real.
Each transaction is linked to the previous one so you can't cheat the system.
AIt is completely different from sending encrypted files, you can't send Bitcoin directly to another user, the transaction should go through the Bitcoin network and should be validated by miners.
Each transaction is linked to the previous one so you can't cheat the system.
AIt is completely different from sending encrypted files, you can't send Bitcoin directly to another user, the transaction should go through the Bitcoin network and should be validated by miners.
You can use Blockchain.info to track your transaction. or if you do have bitcoin address to send and receive payments then that's legit. you can buy bitcoin in banks atm or convenience near you.
Blockchain technology assures that no fake BTC appears in the system. SO no worries! If your wallet is right it will not except fake BTCs.
Hi All,
First post so please be gentle!. I'm trying to get familiar with crypto currency and understand 'how it works'. I've reached a block and I'm hoping someone can shed some light on a particular point.
I understand the process of using public and private keys, back from the time when Phil Zimmermann created PGP. PGP allowed a user to encrypt a file, eg: an email/file (technically, just a bunch of ones and zeros) so that when the other user decrypted the file, they would see the words/file again. Or, to phrase it another way, the encryption was just a 'wrapper' for the content - ie, the words in my email or the file I sent.
Now, if someone sent me a bitcoin, how would I know what I was looking at? With an encrypted email, once decrypted I would be able to see something (text/file) and realise that I had actually received something. But, if someone sent me a bitcoin, what would I be looking at when I decrypted with my private key? A file filled with ones and zeros? Or maybe a simple text file with words inside saying, "Hey, this is 1 bitcoin!"
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros? I understand that the blockchain is supposed to verify what is what but, what if I wanted to pass my bitcoin directly to you without the blockchain. Again, how would I know, what I received - was a bitcoin?
Thank you for your time and patience with my lack of understanding!
Regards,
Staffs Lebowski..
First post so please be gentle!. I'm trying to get familiar with crypto currency and understand 'how it works'. I've reached a block and I'm hoping someone can shed some light on a particular point.
I understand the process of using public and private keys, back from the time when Phil Zimmermann created PGP. PGP allowed a user to encrypt a file, eg: an email/file (technically, just a bunch of ones and zeros) so that when the other user decrypted the file, they would see the words/file again. Or, to phrase it another way, the encryption was just a 'wrapper' for the content - ie, the words in my email or the file I sent.
Now, if someone sent me a bitcoin, how would I know what I was looking at? With an encrypted email, once decrypted I would be able to see something (text/file) and realise that I had actually received something. But, if someone sent me a bitcoin, what would I be looking at when I decrypted with my private key? A file filled with ones and zeros? Or maybe a simple text file with words inside saying, "Hey, this is 1 bitcoin!"
Can someone shed some light on what it I actually receive when I purchase a bitcoin and how I can verify that what I have 'in my hands', is actually a bitcoin and not just a bunch of ones and zeros? I understand that the blockchain is supposed to verify what is what but, what if I wanted to pass my bitcoin directly to you without the blockchain. Again, how would I know, what I received - was a bitcoin?
Thank you for your time and patience with my lack of understanding!
Regards,
Staffs Lebowski..
Well, There are lots of Bitcoins that are not true. Maybe in their wallets, These bitcoins are true but, in transferring it to legitimate blockchain wallet, You cannot transfer it. Then it it not a legitimate bitcoin. There are lots of mining site that ables you to earn a lots of bitcoins in just a minute, If you think that it is not good, Its a scam. Well, Always use other wallets like Coinbase and Coins.ph in able for you to verify that you bitcoin is true and not fake.
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