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Author Topic: Trust No One  (Read 143188 times)
coldguy
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March 31, 2013, 04:20:02 PM
 #1761

Very good points.

At this time, 2013/04/01, bitcoin price hit 93$/BTC. Those early time investors have already earn a significant profit from just holding them on their harddisk. Now, if we want BTC to really become a currency, we need to use it for tranactions, buying and selling products/services in BTCs. That need us to believe something, somebody, some agency, some company.

Not an easy task, but I think there will be some companies emerging from the ground. Those who care the business reputation, mind the long term interestes, not the short term tricky, will be a next milestone in BTC society. I BELIEVE there will be someome.
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j.teller
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March 31, 2013, 04:26:07 PM
 #1762

The only limitation on bitcoin at the moment is the amount of shops and stores that accept them. Its a bit of a catch 22 scenario, shops are reluctant to accept a volatile currency but without the shops bitcoin community wont expand
kaoD
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March 31, 2013, 10:23:55 PM
 #1763

don't trust online wallet services

I wish more people heard that.

I see advanced users giving advice to newbies such as "use them, it's simpler and works fine!". I try to tell people to avoid that advice but... it's everywhere!

Even for low volume wallets it's a risk I'm not going to take.

BM: BM-oqqCRUMao1hb5E1vyxJXkRLxdshzLDz1P (Bitmessage (http://www.bitmessage.org))
BTC: 1Jvbbcu2WuKNBhVJG35KjuSK9151fUEshP - http://btc.to/aik
OfekA
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April 01, 2013, 12:08:44 AM
 #1764

good to know Smiley BTC
securityguy
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April 01, 2013, 03:22:34 AM
 #1765

Which is risky'r an online bitcoin wallet or a mainstream bank (think cyprus)?
servvs
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April 01, 2013, 03:28:14 AM
 #1766

I like this post, and now I am going to be contacting my vps and vpd providers to never accept a request for a password change through my email. Does anyone have a good idea of how to protect your other accounts such as these? Maybe I could tell them to only abide by a request when they call me and I answer the phone and answer a security question? I'm not sure it would be very easy to hijack a call but I know they could spoof my id so maybe this would be the best bet. At the same time a fisher could gain access to my security question answer by pretending to be my hosting provider and say, "We have detected a possible intrusion and think it would be wise to change your password, can you answer your security question so we can rectify the situation." Or something along those lines. Anyone have any better ideas?
vleroybrown
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This is who we are.


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April 01, 2013, 05:00:22 AM
 #1767

I was spoofed for 13 BTC in my new sellers account on silkroad off a torwiki site.  Just wanted to exchange silver coins for BTC there Undecided

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virtualmaster
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April 01, 2013, 01:05:52 PM
 #1768

Trust only in Satoshi.

Calendars for free to print: 2014 Calendar in JPG | 2014 Calendar in PDF Protect the Environment with Namecoin: 2014 Calendar in JPG | 2014 Calendar in PDF
Namecoinia.org  -  take the planet in your hands
BTC: 15KXVQv7UGtUoTe5VNWXT1bMz46MXuePba   |  NMC: NABFA31b3x7CvhKMxcipUqA3TnKsNfCC7S
AHA8
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April 01, 2013, 02:03:17 PM
 #1769

nice comic.
Fiery Winds
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April 01, 2013, 05:18:13 PM
 #1770

If you don't know if you can trust someone, stop and ask around.  Don't put your money on the line on a hunch that "things should be fine".  There are a lot of startup scams looking to take your money, and given that legit sites are popping up as well, it can be hard to tell the difference. 
deadweasel
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April 01, 2013, 07:20:08 PM
 #1771

I was spoofed for 13 BTC in my new sellers account on silkroad off a torwiki site.  Just wanted to exchange silver coins for BTC there Undecided

What exactly happened?

aslam645
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April 01, 2013, 07:44:44 PM
 #1772

A lot of people will learn this the hard way with BTC, especially as more and more ordinary Joes start using it.

in the darkness of night...
deadweasel
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April 01, 2013, 07:47:58 PM
 #1773

A lot of people will learn this the hard way with BTC, especially as more and more ordinary Joes start using it.

That's why this thread is here.  If you want to put a chunk of your money somewhere new, you'd better do your research and discover all possible points of failure.  Then protect against them using a COLD WALLET and TRUST NO ONE.

Use Escrow if needed, use it from a TRUSTED MEMBER that has a good WoT rating (this is arguable, I know, but every little bit helps), and make sure there are no questions from any of the 3 parties before starting a transaction.

Good luck people.  Stay safe and read up on everything. 

aslam12675
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April 01, 2013, 07:55:15 PM
 #1774

I'm good at that most of the time, but when I slip up !!!!
aslam174523498
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April 01, 2013, 08:06:49 PM
 #1775

Thanks for this.

boss of the bosses
Nito
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April 01, 2013, 08:15:13 PM
 #1776

Is there not a whitelist here, where people who have made a succesful transaction name eachother?

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bdebruin
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April 01, 2013, 08:44:52 PM
 #1777

A lot of people will learn this the hard way with BTC, especially as more and more ordinary Joes start using it.

Is ripple more or less secure?
agento2
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April 01, 2013, 09:19:04 PM
 #1778

Is there not a whitelist here, where people who have made a succesful transaction name eachother?

Wouldn't scammers just then vouch for each other?

14BAmoY3JopfDS8EJWZSgfNK2saLD4aXCt
janez
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April 01, 2013, 09:45:45 PM
 #1779

Beware of many frauds selling virtual stuff for btcs Smiley
laura2010
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April 01, 2013, 10:08:58 PM
 #1780

I guess Skype is an awesome way of communication and to gain trust. That's why I guess good traders should make it public.
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