BT_Uytya comments on Harry Potter and the Methods of Rationality discussion thread, part 25, chapter 96 - Less Wrong
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(non-native speaker here)
I was under impression that "to counterfeit" means only "to create imperfect copies in order to fraud someone", but it seems that it also means "to deceive". Thank you!
That first is the primary usage. Usually there is some way to tell a counterfeit from the real thing, but one can theoretically make a counterfeit that's indistinguishable from the original. I have only rarely heard it in the sense of "to deceive".