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Topic: Is there a Fake Bitcoin? - page 2. (Read 772 times)

hero member
Activity: 2128
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August 14, 2020, 03:18:29 AM
#57
Everything that is called anything other than Bitcoin is probably a fake bitcoin.

So Ethereum and XRP are considered fake Bitcoin, then?

straighten it so that there is no polemic, maybe what is meant is that besides bitcoin there is no other bitcoin. whereas what you say about ethereum and xrp is definitely not bitcoin, ethereum and xrp are altcoins.

If that's what he meant, then I agree.
full member
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August 14, 2020, 02:17:26 AM
#56
Everything that is called anything other than Bitcoin is probably a fake bitcoin.

So Ethereum and XRP are considered fake Bitcoin, then?

straighten it so that there is no polemic, maybe what is meant is that besides bitcoin there is no other bitcoin. whereas what you say about ethereum and xrp is definitely not bitcoin, ethereum and xrp are altcoins.
hero member
Activity: 2128
Merit: 532
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August 13, 2020, 11:34:24 PM
#55
Everything that is called anything other than Bitcoin is probably a fake bitcoin.

So Ethereum and XRP are considered fake Bitcoin, then?
jr. member
Activity: 69
Merit: 1
August 13, 2020, 11:24:39 PM
#54
I think there is because many told me that the bitcoin is scam base their own experience. That's why many people think twice, afraid or they not want to join bitcoin cuz they afraid to get scam. That's why I told my friends if they want to join bitcoin they gonna make sure first it's not fake
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
August 13, 2020, 11:06:13 PM
#53
In the real world, we used fiat or physical money in our daily spending. And this physical notes can be use in fraudulence or a so-called Fake Money.
How about in Cryptoworld, is there also a Fake Bitcoin? If there's any, how can we identify it?
as many say by the community here that many fake bitcoins are forked from bitcoin, but from all of them none of them are as good as bitcoin, but just a little advice just avoid it trading BSV or bitcoin cash, lol
legendary
Activity: 3024
Merit: 2148
August 13, 2020, 07:12:25 PM
#52
The forks and frauds listed are all totally separate systems that cannot interact with Bitcoin.

I assume OP is asking whether anyone can create a 'fake' Bitcoin to fool someone on the main chain. The answer is no. It would be rejected every step of the way. Verification is at the core of everything.

If it was possible this forum wouldn't be here as the entire thing would be useless and therefore worthless.

Doublespending can be considered a fraud and it's practically the same as counterfeiting - the fraudster is paying with a currency that is worth nothing. Yes, you could argue that the coins are real until they are reversed, but the aftermath is still the same in both cases.

And on practice some newbies or careless people can get scammed this way if they receive 0-conf transactions and treat them as final.
jr. member
Activity: 90
Merit: 1
August 13, 2020, 06:06:45 PM
#51
In the real world, we used fiat or physical money in our daily spending. And this physical notes can be use in fraudulence or a so-called Fake Money.
How about in Cryptoworld, is there also a Fake Bitcoin? If there's any, how can we identify it?

Everything that is called anything other than Bitcoin is probably a fake bitcoin.
hero member
Activity: 2828
Merit: 518
August 13, 2020, 05:48:36 PM
#50
Bitcoin is the only Bitcoin we've known for a long time, Bitcoin Cash, Bitcoin Gold, and Bitcoin Satoshi Vision are another coin that made to trick people but unfortunately, they won't succeed as people already know about.

But there are ways that much worse than these claims in regards to fake Bitcoin, it is about to fake Bitcoin addresses and fakes sites that will catch in you if you have missed it. Better to focus this one rather than to those name above, but of course, it could still be our loss if we invest with them.

A lot of tricks happen in crypto, not only for the name but for the people who used this just to scam innocent people. If we are too much careless for this, possibly we are one of their victims.
legendary
Activity: 1918
Merit: 3047
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August 13, 2020, 05:20:23 PM
#49
In the real world, we used fiat or physical money in our daily spending. And this physical notes can be use in fraudulence or a so-called Fake Money.
How about in Cryptoworld, is there also a Fake Bitcoin?  If there's any, how can we identify it?

Your question is interestingly SyFy, complicated in its argument, but simple in answer. But, be careful if it is a quick short answer, it can fall into a syfy answer.  (Don't ask me what syfy is, the answer is in your question)

I don't know why some people just always put the FIAT in comparison with bitcoin in trivial scam situations, and you end up mixing everything in such a rarely complex way, that it makes sense.

For those who do not follow my idea, it is like counting pears and apples:
That if they can be counted, nothing prevents it, a theoretical physicist would approve it; he would say "...they are fruits,"  a mathematician would say that when defining the variables X = apples Y = pears, this cannot be counted.

That said, the short answer occurs: bitcoin is not fake.

Answer to question 2:

Now unlike the real world you mention, there you can see faces, companies technology, trickery, etc, and in some cases tangible Fiat currency is fake. Everything there can be fake, even the coin.

In the bitcoin world it can be the same only that the currency is never false. But of course to begin to understand why it is not, you should first know why you cannot count pears and apples, it is easy.

Short answer: they can fool you with related businesses, but never put a fake bitcoin.

GB.
full member
Activity: 280
Merit: 135
August 13, 2020, 03:35:13 PM
#48
Yes, there are pseudo-bitcoin currencies, and these currencies are called fork bitcoin Among these are fake currencies Bitcoin cash And the black bitcoin currency
newbie
Activity: 10
Merit: 0
August 13, 2020, 02:42:33 PM
#47
In the world , there is stand real and fake things.
full member
Activity: 1498
Merit: 129
August 13, 2020, 03:00:39 AM
#46
Just the way you can recognize fake money based on texture, color, absence of hidden information when place on mercury light so also you can know bitcoin by the symbol, the type of address (that is the key format). However, why it might be difficult to discover a fake fiat is generally easy to know maybe a coin is BTC or not just by simply search for the address on the bitcoin blockchain. This is the same applies to other cryptocurrencies. Each of them have particular features that make it easy to know them.
full member
Activity: 1750
Merit: 118
August 13, 2020, 01:17:38 AM
#45
of course there are and many of them claim to be real Bitcoin such as, BCH, BSV, BCD or others. lots of shitcoins made up names with Bitcoin names and tried to bring Bitcoin down.
did bch claim to be that it is a bitcoin ? never knew that but i still trust bch compare to bsv or bcd .  they cant claim to be the real bitcoin because there are already an original bitcoin and its name is only bitcoin , no extensions whatsoever .

  i wont call alts with a btc next to thier names fake because we can still spend them and they have thier real value on the digital but fake money on the real world are literally fake and does not have any value if found out .
full member
Activity: 1162
Merit: 168
August 12, 2020, 11:55:45 PM
#44
In the real world, we used fiat or physical money in our daily spending. And this physical notes can be use in fraudulence or a so-called Fake Money.
How about in Cryptoworld, is there also a Fake Bitcoin? If there's any, how can we identify it?
Lol there are many of them, you should have seen a list that someone made on Bitcoin forks, it was very funny, there were lots of cryptocurrencies with weird names that I’m seeing for the first time, even one that goes by the name - ‘Bitcoin pizza  Grin’ lol. They are all scammers and if you check out for these cryptocurrencies you will notice that 90% of them are no longer in the market, because they stopped functioning a long time ago.

When Bitcoin Gold (BTG) was forked, there were news then that it’s going to stop functioning and lots of wallets I was using then kept sending me notifications to sell my BTG and convert to the real bitcoin. I am surprised that the last time I checked it was still on coinmarketcap, though I have not checked since then.

So, there are many of them that are going by the name Bitcoin, but they are just counterfeits lol, the real one is simply that Bitcoin and nothing else. Although it’s still up to you, some of these counterfeits are here to stay for a long time, if you can identify them, stay clear from them and go for the legit ones. You can use that Bitcoin Cash as an example, despite that it is a fake Bitcoin, it is still one of the top altcoins if you check the coinmarketcap.
sr. member
Activity: 1638
Merit: 260
Trphy.io
August 12, 2020, 08:04:03 PM
#43
of course there are and many of them claim to be real Bitcoin such as, BCH, BSV, BCD or others. lots of shitcoins made up names with Bitcoin names and tried to bring Bitcoin down. Bitcoin is still Bitcoin and Bitcoin has the highest value than with any other coin. in the real world or in the crypto world there must be a fake and that's it must be carefully examined.
legendary
Activity: 2576
Merit: 1043
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August 12, 2020, 07:08:36 PM
#42
Bitcoin Cash and BSV are the ones which is considered the "Fake Bitcoin" in the crypto space.

These 2 are considered Fake Bitcoins because they are claiming that these 2 shitcoins are the real Bitcoin and not the Bitcoin itself but even though it is fake lets face it, it will take a long time before these coins to be out of the crypto or maybe they will be here forever. Maybe hate it probably like XRP back in the days but they don't fucking care. They will just spread the fake news which is disgusting especially for Ver who is spreading shitty news in the internet.

I hate these 2 coins especially BCH but I've been used them around 2-3 times already when I'm still gambling because of the very low fees instead of Bitcoin but aside from that, I don't use them anymore.
sr. member
Activity: 1876
Merit: 318
August 12, 2020, 06:59:48 PM
#41
I agree that fake Bitcoin is Bitcoin Satoshi Vision (BSV) because it claims to be real Bitcoin. And this is detrimental to several parties,
especially newbies who don't understand the world of cryptocurrency. So it can mislead some new investors, especially BSV claiming
to be the real Satoshi Nakamoto vision. With Craig Wright as creator BSV claiming to be Satoshi Nakamoto making increasingly misleading
information. It's no wonder many crypto communities call BSV a scam coin.
hero member
Activity: 2184
Merit: 531
August 12, 2020, 05:50:45 PM
#40
Yes.

It's called Bitcoin Cash.

Smiley

Another one is Bitcoin Satoshi Vision.

I am not a BCash or Bitcoin Fork fan, but I kinda disagree with this assumption that these are fake bitcoins. Remember, when someone counterfeits Fiat currencies, they make an exact (or close) copy of the original Fiat currencies. (notes or coins)  

These forked coins are not an exact copy of the original Bitcoin (BTC) ....they tweaked several aspects of it and they used a different token to differentiate it from the original.

The strategy with these tokens are to use the word "Bitcoin" in their token to confuse people, in the hope that they would buy the wrong coin. (Just a cheap marketing strategy, like telling people that you have a Sale of up to 80% off on all items and you only have 2 items at a 80% reduction on the price.)  Roll Eyes

You don't need to make an exact copy to have a fake something. The important part is trying to sell the product as the original.

Some altcoins are doing more of it and some are doing less. Like BTG isn't really trying to scam people by telling everyone it's the one and only.

Both BCH and BSV are. BCH by confusing people that there's bitcoin cash and bitcoin core and bitcoin cash is better Wink and BSV by trying to sell this whole "I am Satoshi and this is my Bitcoin" lie.
legendary
Activity: 3822
Merit: 2703
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August 12, 2020, 03:41:42 PM
#39
In the real world, we used fiat or physical money in our daily spending. And this physical notes can be use in fraudulence or a so-called Fake Money.
How about in Cryptoworld, is there also a Fake Bitcoin? If there's any, how can we identify it?

That is actually a good topic that many users like me can think about since I have never considered the fact that having a face Bitcoin but I thought about would be called as Alternate Cryptocurrencies but I guess it does not work that way.

Seeing Bitcoin Cash in the comments made me realize to research more about it since people are saying it was a good fork. I always thought forks are for when the volume is going overboard and they wanted to lessen the volume of where they are going to do a fork.
As others have already said here only Bitcoin is Bitcoin and yes there are already many 'fakes' such as BCH, BSV and others that are wannabe kings of crypto and are using "Bitcoin" as part of their name despite the fact that they are ALTCOINS that have nothing to do with BTC proper.
Quote
since people are saying it (Bitcoin Cash) was a good fork
Bull. Just as with most altcoins, those coins are made for only 2 reasons: self-serving greed & hubris. Greed in that before being released to the public the creators massively pre-mine the coins to get a nice stockpile and then hubris kicks in as they try to convince others that their coin is somehow better than BTC so their stockpile of pre-mined crap coins are actually worth something.

Using the word 'fake' implies 'counterfeit' and the possibility to (fraudulently) spend it exactly like the real thing. Not the case here. The other coins *are* valid coins in their own right and do have value but they are NOT interchangeable with BTC

All non-BTC coins have their own blockchain, address formats, wallets and most importantly - value. You cannot spend BCH et al to buy something looking for a BTC address for payment. Sometimes a site will blissfully accept you sending the wrong coin to a BTC address but it will NOT register as a valid payment. Even more fun is that the crap coins you sent possibly may never be recovered, partly depends on how nice the site operators are and exactly what crap coin you tried to use.
copper member
Activity: 2968
Merit: 575
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August 12, 2020, 03:39:31 PM
#38
In the real world, we used fiat or physical money in our daily spending. And this physical notes can be use in fraudulence or a so-called Fake Money.
How about in Cryptoworld, is there also a Fake Bitcoin? If there's any, how can we identify it?
There is only "bitcoin". Any coins that say that they are the real bitcoin are the fake bitcoin. Most of the coins that got forked claims that they are real bitcoin. Don't listen to them. If they are the real bitcoin, why they called "bitcoin + something" instead of being "bitcoin"? Lol.
If you are taking about creating fake bitcoin within the bitcoin network, no it is not possible. You can't counterfeit bitcoin (on the same chain) like you can do with fiat currency.
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