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Topic: Make bitcoin?impossible? - page 3. (Read 2336 times)

hero member
Activity: 1204
Merit: 531
Metaverse 👾 Cyberweapons
August 11, 2016, 12:45:29 PM
#27
You could print BTC logos into pieces of paper with your home printer then ask people around whether they would exchange their fiat money for your "BTCs"  Cheesy

Nah, don't, I doubt that action would bring you any good eventually.
sr. member
Activity: 462
Merit: 250
August 11, 2016, 12:40:01 PM
#26
Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money thats possible or not?


Real bitcoins is present in the world, As I have read in one news. there is ATMs in European countries and If you put your fiat currency and It will return back equivalent fiat which is coded with private key for that specific amount of bitcoin.
full member
Activity: 237
Merit: 250
August 11, 2016, 12:35:11 PM
#25
Your question is not clear mate, but if you are asking about creating another altcoin (crypto currency) the answer is yes, you can create it but you have to make it unique to encourage people mining it.
yeah it is actually possible in my opinion, it is even possible to make the copy of bitcoins though it would be just an altcoin that would be worth nothing
legendary
Activity: 1218
Merit: 1007
August 11, 2016, 12:32:36 PM
#24
Your question is not clear mate, but if you are asking about creating another altcoin (crypto currency) the answer is yes, you can create it but you have to make it unique to encourage people mining it.
I believe he's asking about whether or not we have the ability to print our own Bitcoin and break the 21m limit that the blockchain has. I could be wrong, but it definitely seems like he wants to be able to get Bitcoin for free and not have to mine it or anything. Which could make sense for someone just starting out.
legendary
Activity: 2450
Merit: 1047
August 11, 2016, 12:27:46 PM
#23
Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money thats possible or not?

Your question is not clear to us,to fully understand how blockchain and bitcoin works you should read more about this subject you can to coindesk,they had lots of good articles there and youtube also has a lot of great videos that can explain further everything you need to know about bitcoin..
hero member
Activity: 672
Merit: 500
August 11, 2016, 12:08:32 PM
#22
Your question is not clear mate, but if you are asking about creating another altcoin (crypto currency) the answer is yes, you can create it but you have to make it unique to encourage people mining it.
member
Activity: 96
Merit: 10
August 11, 2016, 11:52:12 AM
#21
it is impossible for people to create bitcoins just like print the money, in my opinion it is one of the things what makes bitcoin a perfect currency

Obviously you cant create Bitcoins yourselves to be used on the Bitcoin blockchain, with Bitcoin public ledger everyne can check its not valid transaction.

But any service where you deposit your real Bitcoin while you get Bitcoin IOU back can create as many Bitcoin IOUs out of thin air for their users as they want, but obviously converting these Bitcoin IOUs back to real Bitcoin which can be used on blockchain can be sometimes very tough task, as the Bitfinex shoved.
sr. member
Activity: 296
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
August 11, 2016, 11:46:04 AM
#20
If you could "make" Bitcoin besides mining them,then Bitcoin wouldn't have a price, it would be worthless due to infation alone.
thats true, people would just making bitcoins all the time to make profit and it would make bitcoins disappear in a longer run most probably
legendary
Activity: 1204
Merit: 1028
August 11, 2016, 11:38:20 AM
#19
The whole point of Bitcoin is that it cannot be created out of thin air. To increase the supply you need proof of work, contrary to fiat.
legendary
Activity: 1218
Merit: 1006
August 11, 2016, 11:33:19 AM
#18
We can make altcoin with same specification like bitcoin but bitcoin is not actually a fake money as you have said. Bitcoin is virtual money and value of it is determined by community not by any central body like banks and governments.
hero member
Activity: 1260
Merit: 524
August 11, 2016, 11:16:33 AM
#17
Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money thats possible or not?

That is not possible of making duplicate Bitcoin as each and every transaction goes by a unique transaction , that is why what and all wrong you can do in fiat currency that and all are not possible with bitcoin, you can only make a crypto currency on the same technology of bitcoin. in paper money only you can make fake this is online currency you cannot make duplicate of the same transaction.
sr. member
Activity: 364
Merit: 254
CryptoTalk.Org - Get Paid for every Post!
August 11, 2016, 10:52:57 AM
#16
If you are asking if you can make your own crypto currency, then yes you can. Anyone can start an alt coin but it is very unlikely that you can get people to mine it unless it has some unique features.
hero member
Activity: 770
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
August 11, 2016, 10:51:31 AM
#15
Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money thats possible or not?
it is impossible for people to create bitcoins just like print the money, in my opinion it is one of the things what makes bitcoin a perfect currency
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
August 11, 2016, 10:49:40 AM
#15
You can do that easily, but it means you run your bitcoin on your own blockchain which means your bitcoin is worthless Roll Eyes
OR you make an altcoin which is centralized and closed source, so you can make as many coins as you want Grin
hero member
Activity: 490
Merit: 520
August 11, 2016, 10:41:25 AM
#14
Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money thats possible or not?
We can't make our own Bitcoin or just "print" it because the blockchain doesn't allow for it, and that would massively devalue Bitcoin and make it next to worthless because it breaks the fundamental limit of 21m Bitcoins ever being in existence, and changing that would make Bitcoin no more different than other forms of fiat. Part of what Bitcoin is, is an appreciating currency, and thus you cause a large portion of the value to be lost.
sr. member
Activity: 350
Merit: 250
August 11, 2016, 10:28:57 AM
#13
Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money thats possible or not?
lol, have you heard about altcoins? if i understood what you said(and its hard) then altcoins is what you are talking about.
and if you want one fake BITCOIN running in bitcoin blockchain, that's impossible.
newbie
Activity: 26
Merit: 0
August 11, 2016, 09:45:13 AM
#12
If you could "make" Bitcoin besides mining them,then Bitcoin wouldn't have a price, it would be worthless due to infation alone.
sr. member
Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
August 11, 2016, 06:54:11 AM
#11
Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money thats possible or not?
it is impossible to  counterfeit bitcoins, it is possible to create the same cryptocurrency but people will be able to see that it is not genuine bitcoins
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
August 11, 2016, 06:49:02 AM
#10
Hey all,i'm just curious.

Why we not made own bitcoin like on real world make 'fake money'?

If we make bitcoin like we make real money that's possible or not?
LOL, it's will never possible, because in fact bitcoin is a system to make a easier for the human life, and the main purpose bitcoin is made for making the transaction of the human is easier than using a fiat money maybe I can call it the revolutionary of fiat money.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
August 11, 2016, 06:42:14 AM
#9
well bitcoin was made to be digital currency(or just call it money) and not going to compete on real world as physical currency or maybe bitcoin will have a little chance to be success for becoming phyiscal money when bitcoin already success as digital currency,i guess we don't need to use 2 phyiscal currency at the same time
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