CryptoCoinsInfoClub.com

Create Fake Bitcoins

A Bitcoin Is Worth $4,000--why You Probably Should Not Own One

A Bitcoin Is Worth $4,000--why You Probably Should Not Own One

A Bitcoin Is Worth $4,000--Why You Probably Should Not Own One Business Success today requires identifying and dealing with market shifts. It is insufficient to be operationally excellent, you have to be agile to deal with changing markets Opinions expressed by Forbes Contributors are their own. This story has been updated to correct certain errors and misstatements. Even though most people don't even know what they are, Bitcoins increased in value from about $570 to more than $4,300 an astounding 750% in just the last year. Because of this huge return, more people, hoping to make a fast fortune, are becoming interested in possibly owning some Bitcoins. That would be very risky. An image of Bitcoin and US currencies is displayed on a screen as delegates listen to a panel of speakers during the Interpol World Congress in Singapore on July 4, 2017.The three-day conference on fostering innovation for future security challenges is taking place from July 4 to 6. / AFP PHOTO / ROSLAN RAHMAN (Photo credit should read ROSLAN RAHMAN/AFP/Getty Images) Bitcoins are a crypto-currency. That means they can be used like a currency, but don't physically exist like dollar bills. They are an online currency which can be used to buy things. They are digital cash that exist as bits on people's computers. You can't put them in a drawer, like dollar bills or gold Krugerrands. Bitcoins are used to complete transactions - just like any currency. Even though they are virtual, rather than physical, they are used like cash when transferred between people through the web. Being virtual is not inherently a bad thing. The dollars on our financial institution statement, viewed online, are considered real money, even though those are just digital dollars. The fact that Bitcoins aren't available in ph Continue reading >>

Beware Of These Five Bitcoin Scams

Beware Of These Five Bitcoin Scams

By Dan Blystone | April 23, 2015 1:37 PM EDT As consumers'adoption of bitcoin continues to increase and a number of major retailers have decided to accept the virtual currency, alarming cases of fraud with bitcoins continue to emerge. Because bitcoin transactions are irreversible and not overseen by a central authority or bank, bitcoins are a popular vehicle for fraud and theft. Bitcoin scams are often initially promoted in online forums or chatrooms, with promoters creating an elaborate front to convince investors they are legitimate. The following are five of the most common scams involving bitcoin: 1. Bitcoin Ponzi Schemes and High-Yield Investment Programs. These scams lure people in with promises of high interest rates on deposits. As with other Ponzi schemes , early investors are paid out using investments from later investors. When new investors stop joining and payments cannot be made, the scheme collapses. These scams last often only a couple of months, but the organizers are prone to simply repeat the whole process again afterwards. 2. Bitcoin Mining Investment Scams. Bitcoin mining involves validating transactions and providing security for the public ledger, known as the blockchain . This process requires extremely powerful and expensive computer equipment. The mining scams typically involve orders for equipment that are paid for in advance and never delivered. (For an in-depth review of mining, see: What is Bitcoin Mining? ) 3. Bitcoin Wallet Scams. A bitcoin wallet is a software program used to store bitcoins. Wallet scams attract users with the assurance of greater transaction anonymity. Once the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet. 4. Bitcoin Exchange Scams. These exchanges attract users Continue reading >>

Amazon.com: Gold Bitcoin: Toys & Games

Amazon.com: Gold Bitcoin: Toys & Games

Select the department you want to search in Enter your model number to make sure this fits. More Crypto Here: Bitcoin, Ethereum, Litecoin, Ripple and more Gold Bitcoin "Cryptocurrencies You Hold" by Blockchain Pub Great for your Bitcoin trading desk and Blockchain meetups Fireproof: useful to use as an algorithm for cryptocurrency / Bitcoin passwords Thank you for supporting the Bitcoin & Blockchain community Customers who bought this item also bought This shopping feature will continue to load items. In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading. Customers who viewed this item also viewed This shopping feature will continue to load items. In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading. Find answers in product info, Q&As, reviews Please make sure that you are posting in the form of a question. There was a problem completing your request. Please try your search again later. All Product Information Customer Q&A's Customer Reviews Gold plated Bitcoin diameter: 1.5 inches weight: 1 ounce. Displays well on your Bitcoin Blockchain trading desk. Impress your friends at meetups. Useful for a reminder to hold your cryptocurrencies. Fireproof gold Bitcoin so useful to store passwords and reminders. Continue reading >>

Create False/fake Transaction Blocks And Earn 25 Btc?

Create False/fake Transaction Blocks And Earn 25 Btc?

Create false/fake transaction blocks and earn 25 BTC? I've been looking at blockchain.info for a while and I already saw it happening twice that a block was confirmed with only a single transaction inside. The first time I saw this, I found it very odd that someone was so lucky to find a block so soon that there weren't any transactions done in the meantime. But now I saw it happening again and I clicked on the block for some more information. It was block #294422 and it still seems odd to me. In fact there were no transactions done in the block but only 25 BTC credited to the miner (I guess) which has address 1K7znxRfkS8R1hcmyMvHDum1hAQreS4VQ4. Looking into this address, the blockchain tells me that this address might not be trustworthy as it has double spends. When I look into the transactions I see that this address quite often receives 25 BTC, apparently for finding new blocks. Is this a coincidence? Did someone create a client that can actually take part and at the same time not take part to the network by finding blocks without any transactions and thus creating coins for themselves?! Could someone explain this? Could this be a bug or exploit? Edit: something else; block 294421 was found 47 minutes ago, 294422 was found 22 minutes ago, 294423 found 27 minutes ago and 294424 26 minutes ago. Why is this 1 transaction block 'younger' than the 2 blocks that have a higher ID? Quote from: btsake on April 06, 2014, 12:47:47 AM I've been looking at blockchain.info for a while and I already saw it happening twice that a block was confirmed with only a single transaction inside. The first time I saw this, I found it very odd that someone was so lucky to find a block so soon that there weren't any transactions done in the meantime. But now I saw it happening again and I cli Continue reading >>

What Is Bitcoin? - Cnnmoney

What Is Bitcoin? - Cnnmoney

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures. Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value. Several marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Mt. Gox is the largest bitcoin exchange. People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally. People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 25 bitcoins roughly every 10 minutes. Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC. Wallet in cloud: Servers have been hacked. Companies have fled with clients’ Bitcoins. Wallet on computer: You can accidentally delete them. Viruses could destroy them. Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions Continue reading >>

Create A Bitcoin Transaction By Hand

Create A Bitcoin Transaction By Hand

I guide you through creating a Bitcoin transaction manually, step by step, without overloading your brain with much explanation. Andreas Antonopoulos mentioned once if he would be in prison he would reinvent an offline version of the Bitcoin consensus algorithm by playing Sudoku. Doing a role-playing like thison Bitcoin meetups makes a lot more sense than you would initially think, let me explain why. InAndy Hunt's book, ThePragmatic Thinking and Learning he told a story of how he learned wall climbing. First he paid a lot of money for a lesson, then the instructor told the group go climb wall and went for a cup of coffee. After half an hour of climbing the wall and cursing the lazy instructor, it came back and started explaining how to climb the wall. The explanation made a lot more sense after some experience, than it would've mean before that. The reason is because there are two primary way of learning: synthesis and analysis. If you cannot identify which one was which in the wall-climbing class you were not paying attention my dear reader. Role-playing is also asimilar synthetic learning experience. Since playing Sudoku requires people and you are just a loner in front of your screen, I will not go down the role-playing rabbit hole, but instead will arm you with a similar synthetic learning experience. We are going to go through how to construct a Bitcoin transaction with your hand, without deep stuff. Just follow on and it will magically make sense why your wallet software is presenting you so much useless information. This, of course, is primarily important in allowing you to win /r/Bitcoin arguments. And, at the end of the day, isn't that what it's really all about? But also it will provide you a holistic understandingwhat you will unconsciously dig up every tim Continue reading >>

Wtf Is Bitcoin Cash And Is It Worth Anything?

Wtf Is Bitcoin Cash And Is It Worth Anything?

WTF is bitcoin cash and is it worth anything? Early yesterday morning bitcoins blockchain forked meaning a separate cryptocurrency was created called bitcoin cash . The way a fork works is instead of creating a totally new cryptocurrency (and blockchain) starting at block 0, a fork just creates a duplicate version that shares the same history. So all past transactions on bitcoin cashs new blockchain are identical to bitcoin cores blockchain, with future transactions and balances being totally independent from each other. For practical matters, all this really means is that everyone who owned bitcoin before the fork now has an identical amount of bitcoin cash that is recorded in bitcoin cashs forked blockchain. But its not exactly this easy. If you control your own private keys, or hold your bitcoin in an exchange that said it would credit users balances with bitcoin cash, youre fine and can access your newfound cryptocurrency right now. If you held your bitcoin with a provider like Coinbase, which said before the fork they arent planning on distributing bitcoin cash to users or even interacting with the new blockchain at all, then you may be out of luck. Update for customers asking if Coinbase is keeping their bitcoin cash (BCC) pic.twitter.com/gamiKDTVmx To be clear this doesnt mean companies like Coinbase and Gemini are taking your bitcoin cash for themselves. Its just that they think its a distraction and not really going to be worth anything in the long run. If this proves to be false and the coins hold value, these companies will most likely end up distributing them to users. If you know anything about cryptocurrencies you know there are a ton of them. Like thousands of them . Some are legitimate and substantially different (arguably better) than bitcoin, and some Continue reading >>

How To Steal Bitcoin In Three Easysteps

How To Steal Bitcoin In Three Easysteps

And once youve stolen it, how do you unload it? Earlier this month, someone pulled off the largest heist in the history of Bitcoin, the virtual currency that approximates cash on the internet. The illegal drug bazaar Sheep Marketplace was plundered, either by hackers or insiders, and about $100 million worth of the currency was stolen from customers. Bitcoin heists are actually not uncommon. In June of 2011, a user named Allinvain was the victim of what is arguably the first recorded major Bitcoin theft. Allinvain awoke to find that a hacker had stolen about half a million dollars worth of bitcoins. I feel like killing myself now, he wrote at the time. There have been dozens of Bitcoin thefts since then. The supposedly high-return investment fund Bitcoin Savings & Trust turned out to be a pyramid scheme, its owner charged with ripping off investors for $4.5 million in bitcoins. MyBitcoin, a wallet service that stored bitcoins like a bank account, disappeared with about $1 million worth of users bitcoins. Several of the most trusted and well-known Bitcoin companies, including the Mt. Gox and the now-defunct Bitcoinica exchanges, have also suffered high-profile thefts. Victims of credit card theft can cancel a card or reverse fraudulent transactions, but Bitcoin is attractive to thieves because its transactions are irreversible. Bitcoin is like cash, says Nicolas Christin, an assistant research professor at Carnegie Mellon University who has done extensive analysis of Bitcoin. The only way to get it back is by tracking you down and basically beating you up with a lead pipe. But like all things Bitcoin, its difficult to understand exactly how digital theft works. What are you stealing, exactly? And once youve got it, what do you do with it? There is no such thing as a Bit Continue reading >>

Walletgenerator.net - Universal Paper Wallet Generator For Bitcoin And Other Cryptocurrencies

Walletgenerator.net - Universal Paper Wallet Generator For Bitcoin And Other Cryptocurrencies

We try to make it that way ! The core of the tool, that generate the keys is 99% the same as the well reviewed bitaddress.org. We only changed it to be able to generate addresses for different crypto-currencies. We think that having a unique generator for multiple currencies lead to a much better reviewed tool for all than having a myriad of half-backed generators.Changes made to this generator are available on Github in small and divided commits and those are easy to review and reuse.Walletgenerator.net use the same security measures as the original project. All-in-one html document, no ajax, no analytics, no external calls, no CDN that can inject anything they want. And trust us, we have seen some nasty things when reviewing some wallet generator. Advantages of a paper wallet are multiple: They are not subject to malwares and keyloggers You dont rely on a third partys honesty or capacity to protect your coins You won't lose your coins when your device break Once you have generated and printed a wallet, you can send coins to the public address, like for any wallet. Store your paper wallet securely. It contains everything that is needed to spend your funds. Consider using BIP38 to secure your paper wallet with a password. How to spend the coins stored in a paper wallet ? You will need to import your private key in a real client, that you can download from the currency website. The exact method to do that will depend on the client. If there is no integrated method, you can usually fall back to the debug console and use the command importprivkey [yourprivatekey]. How walletgenerator.net is different than another wallet generator ? Its not that different. You will find another design for the paper wallet and some improvements here and there. The big difference is that thi Continue reading >>

Bitaddress.org

Bitaddress.org

A Bitcoin wallet is as simple as a single pairing of a Bitcoin address with its corresponding Bitcoin private key. Such a wallet has been generated for you in your web browser and is displayed above. To safeguard this wallet you must print or otherwise record the Bitcoin address and private key. It is important to make a backup copy of the private key and store it in a safe location. This site does not have knowledge of your private key. If you are familiar with PGP you can download this all-in-one HTML page and check that you have an authentic version from the author of this site by matching the SHA256 hash of this HTML with the SHA256 hash available in the signed version history document linked on the footer of this site. If you leave/refresh the site or press the "Generate New Address" button then a new private key will be generated and the previously displayed private key will not be retrievable. Your Bitcoin private key should be kept a secret. Whomever you share the private key with has access to spend all the bitcoins associated with that address. If you print your wallet then store it in a zip lock bag to keep it safe from water. Treat a paper wallet like cash. Add funds to this wallet by instructing others to send bitcoins to your Bitcoin address. Check your balance by going to blockchain.info or blockexplorer.com and entering your Bitcoin address. Spend your bitcoins by going to blockchain.info and sweep the full balance of your private key into your account at their website. You can also spend your funds by downloading one of the popular bitcoin p2p clients and importing your private key to the p2p client wallet. Keep in mind when you import your single key to a bitcoin p2p client and spend funds your key will be bundled with other private keys in the p2p cl Continue reading >>

Subscribe To Read

Subscribe To Read

Subscribe to the FT to read: Financial Times Bitcoin: an investment mania for the fake news era Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Choose the subscription that is right for you Not sure which package to choose? Try full access for 4 weeks For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Purchase a Standard Digital subscription. Be informed with the essential news and opinion MyFT track the topics most important to you FT Weekend full access to the weekend content Mobile & Tablet Apps download to read on the go Gift Article share up to 10 articles a month with family, friends and colleagues All the essentials plus deeper insights and analysis In-depth analysis on trade, emerging markets, M&A, investing and more ePaper a digital replica of the newspaper Gift Article share up to 20 articles a month with family, friends and colleagues Purchase a Premium Digital + Newspaper subscription. FT Newspaper delivered daily plus unlimited digital access Continue reading >>

Is There A Way To Make Fake Transaction? : Bitcoin

Is There A Way To Make Fake Transaction? : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Security - Can Bitcoins Be Counterfeited? - Bitcoin Stack Exchange

Security - Can Bitcoins Be Counterfeited? - Bitcoin Stack Exchange

Traditional currencies have anti-counterfeiting features designed to make them hard to copy, but despite this attempt counterfeit money is a real threat. Since bitcoins are digital, it's trivial to copy them. Does this mean that bitcoins can be counterfeited? @Lohoris No question is too basic for an SE site. We want to be reference material, we don't accomplish that goal by telling people to RTFM. Arda Xi Feb 15 '12 at 16:31 @ArdaXi: if someone didn't try some effort to solve his problem, then he shouldn't expect SE to solve it o0'. Feb 15 '12 at 17:08 @Lohoris I re-iterate. We want this site to be reference material. When someone has a basic question and searches for it on Google, we want to be the first result. How can we do that if we discourage simpler questions? Arda Xi Feb 15 '12 at 22:39 Upvoted to undo Lohori's unjustified downvote. This is an interesting question and certainly not too basic. imoatama Aug 9 '12 at 20:46 @Lohoris FWIW, reading Q&A on Stack Exchange is my way to be introduced to what bitcoin is and how it works. gerrit Mar 29 '13 at 11:54 There is no such thing as a "bitcoin" that can be copied. Rather, there is a list of all the transactions that have taken place on the bitcoin network and the order they have taken place. Every client has a copy of this list. Essentially, the only way to counterfeit bitcoins would be to spend them in more than one place. This is called a double-spend attack. However, because of the design of the bitcoin block chain (the list of all the transactions) and the way that list is secured by mining, this requires a tremendous amount of computer power. Just a slight correction--not every client has a copy of this list. The BitCoin network was designed from the beginning to allow for thin clients who don't download the w Continue reading >>

Is It Possible To Make Fake Bitcoins?

Is It Possible To Make Fake Bitcoins?

Answered Nov 16, 2017 Author has 334 answers and 1.4m answer views Original question: Is it possible to make fake bitcoins? Yes - its easy. Here are 3 simple steps of one of the methods: Finally, you can stick it to a cardboard. Thats it! Now you can call it a Bitcoin, and it will be very fake. If you dont want to put so much effort, there are ready-made Bitcoins Do you think its crazy? Well, some gypsies in Russia took it for serious - they bought Bitcoin like these from Aliexpress, and tried to sell them as real Bitcoin to people who had no clue about cryptocurrencies. These scammers wanted to exploit the lack of crypto-literacy and sold these for $17, telling people that soon it should increase to $4000 (Bitcoin was around $2000 at that time). Elsewhere, someone in Russia was trying to sell physical Bitcoin on a popular social media site like Facebook. Believe it or not - some people bought these thinking that they were doing the real deal. Now if we are to be serious - Bitcoin cannot be faked because it doesnt really exist. If you have a Bitcoin wallet, you dont keep Bitcoin in it - you keep the keys and the address. So yeah - I know it costs beyond $7500, but it doesnt exist as you would expect - as a MP3 or JPEG stored in your map. It is a virtual space on a database (blockchain) that moves here and there, depending on the transactions - so the transactions are really important here. Yes - there is some possibility of faking Bitcoin by faking transactions. This is only possible during a so called 51% attack. If (or when?) a group of miners get access to over 50% of the total network mining power, this group may get control over the system by approving or rejecting transactions. In this case, they can permit double spending of their coins - so it would mean faking Continue reading >>

Reports Of Israeli Ico Ban Are Fake News, Entrepreneurs Look To Create Crypto Nation

Reports Of Israeli Ico Ban Are Fake News, Entrepreneurs Look To Create Crypto Nation

Reports of Israeli ICO Ban Are Fake News, Entrepreneurs Look to Create Crypto Nation Should people be free to invest their bitcoin as they see fit, accepting the risks upon themselves as responsible adults, or should the nanny state protect them like kids from all potential losses while also stifling innovation? This is what is at stake right now in Israel as regulators are debating how to approach the challenges of cryptocurrency and the ICO phenomena. Also read: Israel Might Finally Issue Clear Bitcoin Regulations Luckily for both Israeli entrepreneurs and ICO investors alike, the reports from the country that a complete ban is coming are premature and greatly exaggerated. In contrast to the unnamed sources cited as reference for the ban, news.bitcoin.com talked with a person known to be very close to the matter and willing to come out publicly to support ICOs. Moshe Hogeg with the Israeli Finance Minister Israeli serial entrepreneur (and vocal bitcoin advocate) Moshe Hogeg told us today that: The state of Israel and its leaders understand that we cant rest on our laurels and that if we wont promote the blockchain industry in Israel it will be a grave strategic mistake that will hurt our standing as the Startup Nation. The committees are studying the issue and I am certain that in the end we will have friendly regulations, similar to the situation in Switzerland. Hogeg met with the Israeli finance minister last month to promote the issues of blockchain and cryptocurrencies and is an invited guest at the committees. Israeli entrepreneurs, already a notable group on the ICO scene, are in fact gearing up to launch an incredible number of protects next year. Speaking at Jeff Pulvers Startup Nation to Crypto Nation event in Tel Aviv this month, Bancor co-founder Guy Benar Continue reading >>

More in cryptocurrency