I was asking myself if it is possible to clone a coin 1:1, mine a lot of coins and sell them as real coins
For example i copy the sourcecode of SC nd mine those coins on my Laptop, since Im the only 1 mining this (clone, copy) Iit would be easy to mine lots of them
What mechanism prevents that from happening??
We all know the Federal reserve Bank has the right to print Dollars and in the Bitcoin System everyone can mine Bitcoin but what stops me -besides the knowledge- from cloning those coins and kind of faking them
Has anyone ever tried that??
Basically, if you were to make your own 1:1 coin either:
1. You would connect to the real chain and it wouldn't really be a clone.
2. You could remove the nodes and start your own chain but you couldn't get back into the real chain because:
a. Your blocks wouldn't match the existing blocks
b. You are the only one who's mining these clone blocks and all the other nodes aren't verifying them, therefore the other nodes overrule you and your client deletes all your blocks and makes your coins unusable.