Bitcoin Forum
December 04, 2016, 10:21:24 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 [109] 110 111 112 113 114 115 »
  Print  
Author Topic: Trust No One  (Read 143002 times)
marykay
Newbie
*
Offline Offline

Activity: 12


View Profile
May 24, 2013, 08:12:53 AM
 #2161

I'm glad you posted this I will always think back to this before doing anything Smiley
1480890084
Hero Member
*
Offline Offline

Posts: 1480890084

View Profile Personal Message (Offline)

Ignore
1480890084
Reply with quote  #2

1480890084
Report to moderator
1480890084
Hero Member
*
Offline Offline

Posts: 1480890084

View Profile Personal Message (Offline)

Ignore
1480890084
Reply with quote  #2

1480890084
Report to moderator
1480890084
Hero Member
*
Offline Offline

Posts: 1480890084

View Profile Personal Message (Offline)

Ignore
1480890084
Reply with quote  #2

1480890084
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480890084
Hero Member
*
Offline Offline

Posts: 1480890084

View Profile Personal Message (Offline)

Ignore
1480890084
Reply with quote  #2

1480890084
Report to moderator
tiros
Full Member
***
Offline Offline

Activity: 126


Just another miner


View Profile
May 26, 2013, 12:13:18 PM
 #2162

Thanks for this useful post.

Greed shouldn't be the essence of bitcoin
pablotextoris
Member
**
Offline Offline

Activity: 92



View Profile WWW
June 02, 2013, 04:26:52 PM
 #2163

The problem is that trust is a snowball and eventually the amount trusted is going to get bigger and bigger. I'm a cynic so I don't believe that anybody is incorruptible, just a matter of price. Sometimes it's not even the person's intention to defraud anybody, things might happen that he is forced to make a bad decision.

After all, if a crook knows Michael is holding on to say 10K BTC or about US$ 120K (now but hey it might be US$1.2M 2 years later) worth for you, and given his full name and such makes it that the crook knows exactly where Michael leaves, what's to say he won't pay Michael a surprise visit and force Michael to transact that 10K BTC + his own personal stash somewhere else where his partner immediately converts it to cash?

I've been thinking about trying to come up with a system that can be untrusted but seriously at every point, I always find a human being can always fuck it up from outside the technological system. Of course it could be my paranoia coming up with all kinds of "ridiculous scenarios" that won't ever happen in real life. Even then it's only a question of how probable.

So fundamentally the only way to reduce the exposure to close to zero is just a system with low fraud/loss probability P + never trusting it with more than X amount so that P * X is always such a small number that the users won't really feel it even if that system fails.

Amen to that! - Very well worded

FortuneJack ★ No.1 Crypto Casino ★ 1 BTC Bonus ★ Weekly Promos ★ Award Winning Games
Ftrotta
Member
**
Offline Offline

Activity: 116



View Profile
June 02, 2013, 04:52:05 PM
 #2164

Great advices. Thanks

hatted
Newbie
*
Offline Offline

Activity: 6


View Profile
June 06, 2013, 01:03:18 PM
 #2165

I heard of a story of someone's BTC being hacked despite all measures being taken, such as Paper Wallet, Truecrypt, and offline access, but they still got hacked.

It does make me paranoid, but I guess that's just some of the risks of using Bitcoin.

Every form of money have the risk of stealing. But don't be paranoid.  Smiley
dawie
Member
**
Offline Offline

Activity: 115


BTC for a better world


View Profile
June 07, 2013, 11:03:52 PM
 #2166

One can never be too carefull.  Hopefully BTC would at least instill some better qualities back into the majority of humanity in the long run.

Fascinated by BTC
BTC: 1HWUnvZ3xQykdSJsfyGiGQpZG16uFe8DXJ
XMR: 44fJ52WJGUmceBX6iARnfW6k9p2MFrwkb9AeXRDvQDaZYM8zkA2uuysE164GBGrhkvGh8PAxGUFU5Fq eEmk82Cww3CHdeRS
thestringpuller
Newbie
*
Offline Offline

Activity: 24


View Profile
June 07, 2013, 11:08:54 PM
 #2167

Trust no one: not even yourself...
dawie
Member
**
Offline Offline

Activity: 115


BTC for a better world


View Profile
June 07, 2013, 11:13:07 PM
 #2168

That does not really instill confidance does it?

Fascinated by BTC
BTC: 1HWUnvZ3xQykdSJsfyGiGQpZG16uFe8DXJ
XMR: 44fJ52WJGUmceBX6iARnfW6k9p2MFrwkb9AeXRDvQDaZYM8zkA2uuysE164GBGrhkvGh8PAxGUFU5Fq eEmk82Cww3CHdeRS
John818
Jr. Member
*
Offline Offline

Activity: 31


View Profile
June 07, 2013, 11:27:06 PM
 #2169

I trust myself but even I can't be trusted, so where do I go from here?!
quantumlooper
Newbie
*
Offline Offline

Activity: 21



View Profile
June 08, 2013, 03:29:01 AM
 #2170


And what about the bitcoin developers?

1FYaaiS2awv3bvHi59eRCW17cD71z4xDZE  Smiley
frito
Full Member
***
Offline Offline

Activity: 127


View Profile
July 01, 2013, 04:25:55 PM
 #2171

Seriously. Don't trust the exchanges, don't trust online wallet services, don't trust your anti-virus software, and don't trust anybody online.
....



Comic from: http://bitcointalk.org/index.php?topic=13903.0
mew. I do not trust u buddy.
agaric
Newbie
*
Offline Offline

Activity: 8


View Profile
July 01, 2013, 04:33:05 PM
 #2172

I think bitcoin developers can easily rip everybody

Please donate to:
LYGdrwspUa8zPMBHBvjpb97WiBV1pqyQYC
Arnald
Newbie
*
Offline Offline

Activity: 22


View Profile
July 01, 2013, 07:21:28 PM
 #2173

I trust no one but I have to be carefull also, I have some dollars at one exchange some bitcoins at another one and divided in 3 wallets 1 main computer, 1 virtual machine and the cellphone wallet.
towtoad
Member
**
Offline Offline

Activity: 98



View Profile
July 04, 2013, 10:52:12 AM
 #2174

it's a very nice article.

Farthom
Newbie
*
Offline Offline

Activity: 14


View Profile
July 11, 2013, 05:47:10 PM
 #2175

Some really good information in here. I personally do not trust any 3rd party with my coins. I use an old laptop, with no hard drive, and no internet connection to fire up locally saved copies of bitaddress.org (on a USB stick) or liteaddress.org. I will print out 50 or so paper wallets, and store them in a safe. (Safety deposit box works too) It's not a bad plan to print two copies.... I like to think this is the highest security you can get, short of people breaking into my house.
sathan
Newbie
*
Offline Offline

Activity: 1


View Profile
July 18, 2013, 11:35:17 AM
 #2176

Great info!
superresistant
Legendary
*
Offline Offline

Activity: 1316



View Profile
July 25, 2013, 03:05:15 PM
 #2177

I don't see the point of acquiring BTC and put them into an off-line wallet and not use them for years unless you know for sure it will go high.

I think the purpose of bitcoin is to exchange and invest.

GodfatherBond
Sr. Member
****
Offline Offline

Activity: 261



View Profile
August 04, 2013, 02:27:48 AM
 #2178

Turst no one - but let some time go and build the trust... there´s the deal. No need to build common trust, just few trusted fellows.

Claim your 300€ welcome package at CasinoEuro! Real money casino that accepts also Bitcoins >: Click to Get $100 Bonus < win daily free cash! Fully lisenced.
randrace
Sr. Member
****
Offline Offline

Activity: 329


LTC -> BTC -> Silver!


View Profile
August 04, 2013, 02:31:11 AM
 #2179

Really!
Dps23
Full Member
***
Offline Offline

Activity: 141



View Profile
August 04, 2013, 04:02:24 AM
 #2180

Seriously. Don't trust the exchanges, don't trust online wallet services, don't trust your anti-virus software, and don't trust anybody online.
....



Comic from: http://bitcointalk.org/index.php?topic=13903.0
mew. I do not trust u buddy.

yes I agree
Pages: « 1 ... 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 [109] 110 111 112 113 114 115 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!