Trust No One

[twelph]

I don't trust people who tell me to trust no one

[Gruu]

The only service you can really "trust" (at least relatively) are the massive ones (like mtgox).
But even then, banks in the real world get "too-big-to-fail". It's a good thing these currencies are decentralized so that doesn't happen: a service provider will fail or it won't.

[aslam287]

Thanks, appreciate your help.

[Wompaone]

Advice to live by "Trust no one, except your own mum"

[aslam8798]

Thanks for this post. I've been wondering about safety myself. I got contacted by someone that said to create a wallet on their site and thought wait if it's their site cant they easily have access to the wallet themselves? So once I start using it one day my bit coins can be transferred out of it?

I decided to go the download a wallet method so I can keep track myself.

I still don't understand how miners are created so I will be doing some more reading here.

[aslam8776]

I am running bitcoind behind two router with firewall enabled. I see some dropped TCP connection requests to port 80 and 443 to my computer. I wonder if it was caused by bitcoind somehow. I don't have these ports open. How they got behind routers?

[Gurthang]

X-files....  Best series ever!

[knybe]

Mulder!

[KK0156]

kkkkk

[goldway90]

very true 

[Regenmacher]

You're saying.. 'Do you know their full name?" and that kind of things. But aren't Bitcoins supposed to be anonymous? So that doesn't really make any sense..

yep

thats right i guess

[chrebel]

Trust me.  Dont trust anyone.  This statement is false.

[TreePot]

Dont even trust your closest friends, talking by experience...

[LaikiVictim]

if european banks cant be trusted, whats is left to say..

[AEPropMgmt]

A security plan is a must with Bitcoin...

[refta]

What's the point of bitcoin if you have to be so paranoid?

I put this post in the Newbies area for a reason

I believe that bitcoin will someday be orders of magnitude more secure (and more valuable). If you buy bitcoins now, you are an early adopter getting in while prices are cheap and betting that security and utility will improve.

In the meantime, yes, you must be absurdly paranoid. These websites cannot be trusted any more than you absolutely have to. To actually hold onto your coins long enough for your investment to pay off, you need to push the paranoia up to the tinfoil-hat level. This is the price of being an early bitcoin adopter.

thanks. its an eye opener

[mattjenkins]

Duly paranoided.

[liberty90]

Trust me.  Dont trust anyone.  This statement is false.

Interesting paradox ; D

[bassclef]

Not even my wife?

Especially not your wife!!

[PhObOs]

Not even my wife?

Especially not your wife!!

If she sees this, you'r done