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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][OLY] OlympicCoin (rebranding as Aricoin with new features)
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on: November 01, 2014, 11:29:15 AM
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I like how the cryptex site looks but given how Mintpal went down I want some hard facts about any new exchange to the marketplace, who are you and what are all of your names, photos, and references. I agree! but still I have learned my lesson!  I have almost all my coins in my wallet on my computer... that is the safest way! when I fill selling bigger amounts I just send coins on the exchange. same with buying. but for now I trust Cryptex more than 100% (more that I have ever trusted Mintpal) admins there are awsome! my friend your coins are not safe on a computer, put them on a multi-sig paper wallet and place the wallet in various places then your coins are safe. I have few coins on exchange, I don't want any of them lost, but that's not the main issue, the CC industry has tremendous potential it is going down the tubes specifically because of the massive number of scams. The last Gox matter was actually his third strike, he managed to strike out and hit a grand slam at the same time. 1/4 billion dollar scam. The CC industry can't support all of the fraud, it needs safety, security, trust, fidelity, and integrity. References from individuals are no longer enough. Thank you for that information, but computer where I have my coins is offline. It is my "secondary" computer (old one) so I use it only to storage coins and other data. Or is that not safe also? 1) it's your coin so you decide what is "safe" for you, 2) you didn't give any contextual clue of a "secondary computer". 3) nevertheless, the answer to your question is, as far as I'm concerned is, NO. Having your coin on a computer not connected to the internet is NOT enough, I have a pile of old computer that were all destroyed one way or another. You never know when a computer will get destroyed, or stolen. The paperwallet (physical and cryptically identified electronic backup) give you the same ability as your offline computer but faster access, the fact of having multiple signatures to access the funds enable 2 of 3 people you trust to get the funds, if for example you DIE and no one knows how to access your old computer (that ends up sold for $5 at a yard sale). Having the paper wallet placed in multiple places allows for the destruction of one or even two of them. If your paperwallet is found by a bad guy they still need to find a second signer to get the funds. Multi-sig wallet addresses are easily identified just by looking at the address. When a bad guy sees that they just move on to an easier target. Thank you for that information, but computer where I have my coins is offline. It is my "secondary" computer (old one) so I use it only to storage coins and other data. Or is that not safe also? |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][OLY] OlympicCoin (rebranding as Aricoin with new features)
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on: November 01, 2014, 12:47:35 AM
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I like how the cryptex site looks but given how Mintpal went down I want some hard facts about any new exchange to the marketplace, who are you and what are all of your names, photos, and references. I agree! but still I have learned my lesson! I have almost all my coins in my wallet on my computer... that is the safest way! when I fill selling bigger amounts I just send coins on the exchange. same with buying. but for now I trust Cryptex more than 100% (more that I have ever trusted Mintpal) admins there are awsome! |
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