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Author Topic: Trust No One  (Read 142985 times)
KGB_Bunny
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May 05, 2012, 03:53:02 AM
 #421

Playing EVE online for several years has induced such a high level of paranoia into me that I no longer trust anyone, including myself.
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marty_mc_fly
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May 06, 2012, 11:53:37 PM
 #422

Trust no one sounds nice but it has its limits just like reality...

Once (if) bitcoin breaks out of the realm of coders, hackers, mathematicians, an crypto experts there will be no way for the average guy to use bitcoin without trust.  Unless an individual can review and understand all of the source code there must be some degree of trust.  Even then, systems are so complex and technologies so specialized that it can be all but guaranteed that no one person can understand the whole.

There must also be trust that whoever sold you your computer didn't install a hardware trapdoor, that your OS vendor didn't knowingly (or otherwise) leave in a vulnerability, or that your favorite three-letter agency isn't personally interested in your affairs.

In my case I must trust all of the above.  Developers, crypto experts, network guys, hardware manufacturers, and so on.  There is a non-zero risk that I may place unfounded trust in some entity along my bitcoin way.  In that case I am careful to not expose myself to too much risk.

If the value of my bitcoin holdings goes beyond comfort I'll sell and diversify into other assets.
If the value of my bitcoin wallet gets too high I'll send my bitcoin to one of multiple paper wallets, each with a self-imposed maximum value.

I guess my main point is that in reality, one must trust someone else.  This out of the control of most bitcoin users.  What everyone can control is their own exposure to the risk of misplaced trust.  This is where common sense and healthy (extreme) paranoia are your good friends.

1.21 GigaWatts!  I'm not paying that bill...
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Cyanide
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May 07, 2012, 02:09:38 AM
 #423

Lol, the Eve Online Paranoia is too true. More than any other game..
mattisz
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May 07, 2012, 07:44:14 PM
 #424

Thanks for the advice. All but too true. Cheers.
cyphur
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May 08, 2012, 09:43:26 AM
 #425

Nice Post.
Rzak
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May 09, 2012, 04:20:50 PM
 #426

Thank you for the advice!
wallakmi
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May 11, 2012, 10:19:09 PM
 #427

Hey ye ive very sorry for that bro
lichcoin
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May 14, 2012, 05:54:46 AM
 #428

thx brah
etrader
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May 14, 2012, 09:20:43 AM
 #429

Well said! Shocked
sdatrum
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May 14, 2012, 07:49:29 PM
 #430

Thanks for the information - I wish BTC could be a little bit more secure while still providing autonomy.
Kitemike
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May 14, 2012, 09:27:32 PM
 #431

Thanks for the information - I wish BTC could be a little bit more secure while still providing autonomy.
Security is not something that you wait for someone else to provide you.  There are plenty of steps anyone can take that make theft a minimal issue.  Luv the topic! Where can I get the T-shirts?

samuraibud
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May 15, 2012, 10:31:23 AM
 #432

Acctually one cannot trust even himself, because of the asociative (not digital) way our brain works we cannot be sure about enything. Anyway great thread.
Wnd
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May 15, 2012, 03:50:57 PM
 #433

Well I guess you shouldn't trust anyone
aliveonearth
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May 17, 2012, 11:21:51 AM
 #434

Bit coin wallets 1password and drop box what do people think ?

Wiper
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May 17, 2012, 10:59:30 PM
 #435

Having an "everyday" wallet where you cash out from your pools or everyday transactions and another "savings" wallet where you transfer all your savings to which is encrypted, offline, and backed up (offline via usb or other source) is a great way to go.

True that, you can't spend enough time researching and protecting yourself as well. It's much better insurance to do this BEFORE you dump your savings into btc. The more you know...........

Enjoy Life, Drink a Coke Today!
wildemagic
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May 18, 2012, 01:23:28 PM
 #436

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.

If you absolutely must trust someone with your bitcoins, for the love, choose carefully!

Thanks for the advice, informative post.

kind regards

.,-._|\     Offgrid 1.7kW Solar and 3G wireless internet powering my mining rig.
/ .Oz. \
\_,--.x/     [219.5btc of successful trades total] with : rastapool, miernik, flatronw & OneFixt
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claywelch
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May 18, 2012, 05:39:04 PM
 #437

Good advice, thanks for posting.
earthsound
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May 18, 2012, 05:45:31 PM
 #438

good to see security advice threads in the newbie section. you can never be too paranoid when it comes to IT security, though there are some thresholds most people have to draw the line at, for practical purposes, as a few people have reiterated in this thread.

most people, unfortunately, will never be certain that the device(s) they use are secured/uncompromised. it's a risk everyone has to decide whether or not to take in order to utilize the electronic tool(s) at their disposal.

if you think you have to be paranoid now...just wait until the singularity emanates and we have the ability to jack into networks and systems directly with our minds.
coineta.com
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May 19, 2012, 06:42:34 PM
 #439

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?
goa tse doh
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May 20, 2012, 02:39:20 PM
 #440

I recently got this offer. Does it seem legit?

Quote
Im looking for AP(Alertypay but now known as payza) funds, if you could deposit with your card into your own payza.com account, we could do the exchange either with exchangezone.com or whatever other method you would prefer.

I will do the exchange at face value with no fees above the 2.5% + 25c receiver fee I would pay from receiving AP funds from you. Send me PM or reply in this thread if interested and we can figure something out.
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