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Author Topic: Trust No One  (Read 160516 times)
goldway90
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April 04, 2013, 01:51:18 AM
 #1801

very true  Cool
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Regenmacher
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April 04, 2013, 02:06:53 AM
 #1802

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
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April 04, 2013, 04:02:55 AM
 #1803

Trust me.  Dont trust anyone.  This statement is false.
TreePot
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April 04, 2013, 04:34:44 AM
 #1804

Dont even trust your closest friends, talking by experience...
LaikiVictim
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April 04, 2013, 07:06:19 AM
 #1805

if european banks cant be trusted, whats is left to say..
AEPropMgmt
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April 04, 2013, 12:18:28 PM
 #1806

A security plan is a must with Bitcoin...
refta
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April 04, 2013, 12:36:36 PM
 #1807

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

I put this post in the Newbies area for a reason Smiley

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
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April 04, 2013, 12:51:00 PM
 #1808

Duly paranoided.
liberty90
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April 04, 2013, 02:24:07 PM
 #1809

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

Interesting paradox ; D
bassclef
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April 04, 2013, 03:10:14 PM
 #1810

Not even my wife?

Especially not your wife!! Shocked
PhObOs
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April 04, 2013, 04:33:28 PM
 #1811

Not even my wife?

Especially not your wife!! Shocked

If she sees this, you'r done  Grin
Samson5
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April 04, 2013, 06:11:25 PM
 #1812

Healthy dose of paranoia Smiley
drewsalas1
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April 04, 2013, 06:40:56 PM
 #1813

Healthy dose of paranoia Smiley

Same here, sucka! This is eye opening  Shocked
ImI
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April 04, 2013, 07:24:29 PM
 #1814

Healthy dose of paranoia Smiley

Same here, sucka! This is eye opening  Shocked

Trust me and you will be fine.
gacbmmml
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April 04, 2013, 08:13:51 PM
 #1815

Trust No One... unless they have cake.
sidelsky18
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April 04, 2013, 10:53:37 PM
 #1816

I'd say the big exchanges are fairly trustworthy.
jackmccauley
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April 04, 2013, 11:02:23 PM
 #1817

Yeah, I'm trying to figure out why I wouldn't want MtGox to hold on to my bitcoins for me.  Seems like a bank, but maybe I'm naive?
superside
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April 04, 2013, 11:10:12 PM
 #1818

I sure as shit don't trust mtgox or any other BTC site to hold my coins. Keep a paper wallet, especially these days with the rate of inflation mtgox, blockchain, coinbase and every other BTC housing site will be a concentrated target for hackers. Bitcoin addresses may be impossible to hack but I guarantee your login and passwords are free game on some of these sites.
daviducsb
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April 04, 2013, 11:21:18 PM
 #1819

Does anyone recommend a good way to physically store bitcoin away from the computer?

thanks
superside
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April 05, 2013, 01:00:30 AM
 #1820

Make a paper wallet bro. I used bitaddress.org for mine
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