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Author Topic: Trust No One  (Read 160444 times)
CaperAsh
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April 03, 2013, 11:20:13 AM
 #1781

That all seems fine.

However, it is FAR TOO COMPLICATED for anyone wanting to use bitcoin for ordinary, everyday transactions.
And if you can't use it for such things, what good is it?

Finally, although I am no expert and therefore might well be wrong, I simply don't trust any encryption since somebody somewhere always has the key and it can be given. Furthermore, I don't believe there is such a thing as secure online cyber anything.

The internet is a great way to exchange information, but because of it's all being digitally encoded, it is also the most efficient surveillance system ever invented. And given it was funded mainly by intelligence agencies (and/or their think-tank, university proxies), anyone who thinks there is such a thing as security online is, I think, being naive.

Put another way: if Bitcoin takes off to the point of being a serious threat to fiat, privately issued currencies, it can be closed down instantly at the touch of a button.

I gather the inventors of Bitcoin say that isn't so. But the material is too complex for me to understand and/or there is so much of it I can't be bothered to find a simple one-page explanation if one exists.

So I don't trust anyone.

Especially online.

Nor Bitcoin.

Though I hope for all of our sakes that I am wrong in this case and that you guys end up making a viable alternative.

Until it has been firmly established for several decades, however, at which point I will be long dead no doubt, I won't trust it!
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siennamarshalllee
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April 03, 2013, 12:00:52 PM
 #1782

Why are there so many newbie restrictions?
mrbitbank
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April 03, 2013, 02:33:36 PM
 #1783

bitcoins are a scammers dream
aslam268
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April 03, 2013, 03:50:01 PM
 #1784

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..
aslam87
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April 03, 2013, 03:55:08 PM
 #1785

cool stuff
aslam56
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April 03, 2013, 03:57:19 PM
 #1786

Goes for online and offline in life.
 
FJBourne
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April 03, 2013, 04:00:38 PM
 #1787

Thanks for the info!

BTE- 8UvdysHU3HugiAGSWDn9hTvEbCe1kJmkZ5
gtrslayer
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April 03, 2013, 04:02:14 PM
 #1788

Thank you for the info... newbie here. So, yeah!
HATA28
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April 03, 2013, 04:03:16 PM
 #1789

Allright, sounds like everything I need to know. Thanks
suvegastar
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April 03, 2013, 04:24:28 PM
 #1790

Very reasonable... but I have to agree... this is a little extreme for most users.

If you are a hard core BTC or [ltc] trader... take these precautions.  If you are a casual user... back up your wallet.  That is about all you need to do.
fireball74
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April 03, 2013, 05:25:12 PM
 #1791

I don't trust the exchanges. For the most part, I don't trust people in general. I'm just starting out in all this, but it's not like I'm a total noob. Money is money, be it electronic of paper. At some point you have to trust someone, even just a bit, to trade what you have for what they have. Getting screwed over and theft happens in all forms of currency. It's a gamble you eventually have to take.

--Jay
btmstr
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April 03, 2013, 05:37:10 PM
 #1792

Trust and confidence is the underpinning of any currency. If trust cannot be established somehow, then  i doubt bitcoin can succeed as a viable alternative to fiat money.
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April 03, 2013, 05:42:41 PM
 #1793

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

Trustworthy Buyers: TTBit
Gruu
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April 03, 2013, 06:27:47 PM
 #1794

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
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April 03, 2013, 06:43:22 PM
 #1795

Thanks, appreciate your help.
Wompaone
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April 03, 2013, 06:53:07 PM
 #1796

Advice to live by "Trust no one, except your own mum"
aslam8798
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April 03, 2013, 06:53:51 PM
 #1797

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
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April 03, 2013, 07:30:24 PM
 #1798

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
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April 03, 2013, 08:07:51 PM
 #1799

X-files....  Best series ever!
knybe
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decentralize EVERYTHING...


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April 03, 2013, 11:47:11 PM
 #1800

Mulder!
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