Counterfeit Bitcoin

So if Cryptocurrency is just code, what stops a person from just faking it? What's stopping someone from just making a fake wallet and adding numbers to it, then coding it to be excepted as bitcoin? Or what about buying one of these low cost cryptos and coding it to be excepted as a more expensive one like Bitcoin or ETH? It can't be that hard, I'm sure it's as simple as changing some lines of code.

Attached: bitcoin-price-chart-cryptocurrency-ethereum-ripple-getty.jpg (2128x1409, 370.67K)

midwit tier bait

i now have cancer

holy shit if this is real...please just buy a book about bitcoin and do your own research

it's not as simple as changing some lines of code because the majority of the network needs to agree to the change

nothing stops anyone. Duplication is the logic of crypto through forks

Fuck!
Shit, why didn't we think of this? We're fucked guys! Oh shit, it's all collapsing check your portfolios they are all going to zero!!!

yes, and this is exactly why bitcoin is a scam, eventually ur money is juts going to be hacked like all the exchanges

Huge sell signal!

It may be a dumb question but I'm not trolling. I'm legitimately curious, I mean people can hack into just about anything these days, what's stopping someone from just creating bitcoins?

Why do you think btc miners are? They validate blocks nigger

In a way, all other coins are counterfeit Bitcoin.

Well I'm sure there's some safety checks, but people do all kinds of shit like random ware, how much of a jump could it be?

>excepted

It's some online store called cock ring. They keep track of all your itty bitty coin

look up proof of work retard

except for bcash which is the realest bitcorn.

I thought bit mining was collecting fraction from transactions that would otherwise get lost?

No you're absolutely right. We didn't think about this possibility. We're fucked! I just realized the Blockchain is absolutely pointless, hackers can just change it fuck!

Wait, so couldn't you just change one of these bit mining programs to except a bunch of fake transactions between your self and except your own fake transactions?

Sarcasm just shows how little you know about the subject. It's the idiots way out of a conversation he can't traverse.

I'm selling all my coins now! OP figured something out nobody else even thought of! How the fuck did we miss that?

I'm not being sarcastic! I'm literally panicking right now! Fuck fuck fuck

>So if Fiat is just paper, what stops a person from just faking it? What's stopping someone from just making a fake wallet and adding paper to it, then coloring it to be excepted as fiat? Or what about buying one of these low cost currencies and coloring it to be excepted as a more expensive one like USD or EUR? It can't be that hard, I'm sure it's as simple as changing some lines with my crayon.

>So if stock is now just code, what stops a person from just faking it? What's stopping someone from just making a fake brokerage and adding numbers to it, then coding it to be excepted as BRK.A? Or what about buying one of these low cost stocks and coding it to be excepted as a more expensive one like AAPL or COST? It can't be that hard, I'm sure it's as simple as changing some lines of code.

In case you're actually retarded, it's because every transaction is verified. If you say you own 10 BTC but the system says your wallet never got that, they'll call you retarded and deny your transaction. And no, you can't fake a transaction. And no, you can't fake having a wallet. To do so, you'd need to solve a problem that's hard for you and your retarded computer, but easy for bigger networks (like 2+2, try typing it in. I bet you and your computer think it's 4, don't you you retards)

The network uses a specific protocol. You don't have the power to change the protocol that the network uses, any more than you have the power to change how people utilize the english language. Unless you can convince all "nodes" to change how they communicate, you can't change how the network functions, and you can't make false communications on the network.

Yo you might be on to something here broZ. Think I might sell my 1.23 bitcoin now. I don’t want l33t hack04rs and fakers fucking with bitcoin and you made a compelling case.

You have to be 18 years old to use this site.

>Doesn't understand the system he is betting his entire lively good on
You should read a book or 2.
Compairing it to paper money is a complete falicy, because it in essence has nothing in common with paper money.
>If you say you own 10 BTC but the system says your wallet never got that, they'll call you retarded and deny your transaction.
It's a computer, it's looking for a specific algorithm to confirm this, what's stopping another computer coping this confirmation.
>And no, you can't fake a transaction.
It's not a question of "can you", it's a question "how".
>And no, you can't fake having a wallet
People create new wallet services every day, you don't need to take the wallet if you know how to fake everything else.
>To do so, you'd need to solve a problem that's hard for you and your retarded computer, but easy for bigger networks
People hack the CIA and all the highest security networks in world just for shits and giggles. Outside of your realm of skill and imagination ≠ impossible.

I appreciate you for giving the only real answer in this entire thread. It makes a lot more sense now.

You'd have to "hack" every bitcoin node on the planet simultaneously.

Encryption

>People hack the CIA and all the highest security networks in world just for shits and giggles. Outside of your realm of skill and imagination ≠ impossible.

There's a $300,000,000,000 payday for anyone who figures out your supposed hack, and yet it hasn't been done in 10+ years.

Bet