Faking transaction?

0

I have a question here. Lets says we have Nick, who has maybe 1 BTC on his account and Bob who has 0 BTC on his account. Can Nick transfer 10 BTC to Bob's account? I assume no. But what if he creates a pool of miners, each one being a computer (or special bitcoin mining chip) with modified software, which says that every transaction of him is valid? Can he then somehow force his transaction to be checked by the specified it thus sending fake bitcoins?

Victor

Posted 2015-07-12T18:30:02.807

Reputation: 3

Question was closed 2015-07-13T12:54:40.930

Hi Victor, welcome to the Bitcoin Stack Exchange! Check out some of the most visited questions to start learning. The tour and help center are good resources as well. This question in particular relates to what you are asking about.

– morsecoder – 2015-07-13T01:10:15.600

Answers

2

No matter of hashpower can allow you to create invalid transactions.

Any block which spends outputs which do not actually exist is invalid, and any peer sending an invalid block is dropped from the network for wasting time. All block contents are checked by every node in the network. Miners only order transactions, they don't provide any assurance of validity.

Anonymous

Posted 2015-07-12T18:30:02.807

Reputation: 10 054

Asked: 2015-07-12T18:30:02.807

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Active: 2015-07-12T23:09:00.263