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Author Topic: Trust No One  (Read 143073 times)
burnside
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May 30, 2012, 09:49:44 PM
 #461

Don't run windows.

I'm not a Coinbase fan -- I placed a buy order, they took the funds out of my account, then a week later the price went up and they canceled the buy and closed my account.  You've been warned.  Use a different exchange.
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wirmola
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June 01, 2012, 09:43:22 AM
 #462

well I 've got my coins stolen from BITCOINICA... no more trusting... Now I need to make sum new coins.. Huh
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June 01, 2012, 11:08:34 AM
 #463

The legislation in countries are very harsh, if a company doesn't have some sort of legislation it will be taken down.

Koop en verkoop snel en veilig bitcoins via iDeal op Bitonic.nl
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June 01, 2012, 11:52:47 AM
 #464

The legislation in countries are very harsh, if a company doesn't have some sort of legislation it will be taken down.
What company? What country? Not sure what you're talking about. Remember, Bitcoin is not a company, and it's not related to any country.

And it cannot be taken down. Bitcoin is simply a world wide P2P network consisting of hundreds of thousands (and growing) random users all over the world. Exactly who or what do you think they could 'take down'?

Well, they'll have to shut down the entire internet. Not gonna happen (and if it does, regular banks will be f*cked just as much).

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
nolo200
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June 02, 2012, 11:11:54 PM
 #465

Good guide.  I don't know if anyone mentioned it here, but definitely don't trust bitcoins with Paypal!
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June 03, 2012, 08:19:43 AM
 #466

Great advice!

1CpFBzWF1F6FX7F7wDMFeDEX66h9nsgAto
btcftw
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June 04, 2012, 10:07:45 AM
 #467

Well you still have given little info but search results are definitely narrowed. Now assuming there was someone who knew you personally outside the forums that person would have easier work.
I dare to say they wouldn't Smiley
(But just in case, I'm not posting under my real name)

But just for clarity I'd like to summarize the idea behind this kind of password management again:

1. Have ONE unique, strong, long, master password, that is easy to remember (for you) yet incredibly difficult to guess for others (even people who know you personally) or brute force by dictionary attacks and common variations (mixing upper/lower case, 1337 speak, etc).
Just as examples, consider the xkcd comic about password strength (but more complex, that one is actually easy to brute force) or the points I mentioned above.
The name of your dog or mother + your birth year is NOT a good password.

2. For any account, email address, bitcoin wallet, encrypted drive, login, and anything else, use a unique, randomly generated (thus very hard to remember and impossible to guess) password. Store these passwords with KeePass or a similar solution (for example a .txt file inside a truecrypt container).

3. Protect (as in, encrypt) these passwords with the master password from step 1, the idea is your passwords should NEVER be stored in plaintext anywhere. And make sure to backup your password database (typically just a single data file or truecrypt container) regularly, to a remote location. Automatic backup solutions such as Dropbox can also help here.


I like when there is a plan. And this looks like a really good set of instructions to keep in mind. Thank you.

Coming to the topic of trust no one, I disagree, we do have to trust at some time. And trusting people offline and online is kinda similar. I think of it as getting as much information as possible on the people that you want to trust and in the end going with your gut feeling.

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lolman
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June 04, 2012, 04:42:35 PM
 #468

I think you can't trust anybody, but the if you want to see bitcoin grow you must trust somebody... just mentioning
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June 06, 2012, 03:02:39 AM
 #469

I think you can't trust anybody, but the if you want to see bitcoin grow you must trust somebody... just mentioning
Same could be said of anything.  There is no system that can fully insure transactions made with different currency/items.  There are some interesting use cases with loosing funds on the network with hashes that cannot be resolved by either party until they agree on a transaction, but this assumes that the involved parties would sooner work together to ensure these coins are not lost than to abandon claim.  And it can only work with purely digital transactions...

Because the rest of you are doing it:  1deuszvF3XvgLrWJwZK7vR5KTiwPzU2Yp
TonTon
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June 06, 2012, 10:16:07 AM
 #470

Good advice, especially important for paypal users.
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June 07, 2012, 09:14:40 AM
 #471


the most important thing is that we can't trust anyone when dealing with new member on the forum so try to deal with trusted member or old member
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June 07, 2012, 10:53:09 AM
 #472


the most important thing is that we can't trust anyone when dealing with new member on the forum so try to deal with trusted member or old member

what if there's a dispute between, say, you and me. Who has better leverage?

I think forum rep is overrated.

If you really want some good reputation, establish a #bitcoin-otc identity and make some good transaction. With otc, the trust is built by making good transactions, not by posting a lot of crap on the forum.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
vlad1m1r
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June 07, 2012, 03:22:27 PM
 #473


the most important thing is that we can't trust anyone when dealing with new member on the forum so try to deal with trusted member or old member

When I started on SR this kind of attitude used to upset me but now I'm well established there I wonder if it's only reasonable to assume that people will go with someone they know and trust.

I'm occasionally contacted by people who also want to be Bitcoin traders and it seems certain that while their intentions are good, it's just some operation they're running from their own bedroom using their own bank account which means in a few months they're going to get a visit from the nice people at the IRS or are simply going to get bored and stop fulfilling their clients' orders on time.

Naturally people need consistency when it comes to vendors so someone who has already proved their mettle is a safe bet. For people just starting out I would say think small at first - as every transaction is a chance to prove your honesty and integrity.

V.
farfie
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June 07, 2012, 05:34:29 PM
 #474

Very informative guide.
Simple rule of thumb, if it's too good to be true, it probably isn't true!

Well the thing is, to me, bitcoin is in it's very nature, too good to be true Smiley
Dabs
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June 08, 2012, 05:15:04 AM
 #475

My password is between 40 characters to 120 characters long. Maybe it's 64 characters long.

It's all lowercase and numbers only. No special characters. The numbers and letters alternate.

For reference, here is how they looked like:

Code:
g6o2y3e1g7u2m3n8w3h4h0g7j5p2w7m3n9s1a7u1k0t4s9c7j3f5d2c3g0l9z0x0
j9f5o1s0j5o2m8g8z7l9v7w5z1g2x9d1h3l0l6x5a7f0y7s2y1q6z9y3h2n0w0r0
h8h6u1j2q6q1i1a6n0d1v9x0z6c4u1f1a8h7b0t0a0j4s9s7a2h6v9l1h5g6c6o5
h0r5y3u9z5y3h3y0x8v1y6l1a8e9a2t7n2z4v0w2o9o4j3h1e2c1a1l6o8e8r8d2
b6z1e5s9p3p6w9v5f5o0r6o6b7k6q6b1z1l6w2x1j7v8a3v2h7z2p2o1f8z6r9g1
b0p0p4x4m0f8v5h0u1t3d1t6l2f1w4q7k6k0j1y5w8w6j1a0b5d6g5v4s2n1o1l0

(note: these are not the actual passwords, but I am merely showing you the construction of the ones that I use.)

Trust no one. Maybe I did put in a special symbol somewhere, or actually used UPPERCASE letters too.

Oh, stupid me, those are not my passwords, those are the logins or usernames for mtgox. My passwords are much longer.

64blocks.com Social Multiplayer Dice (Gambling) - Escrow Service (Services) - GPG ID: 32AD7565, OTC ID: Dabs
All messages concerning escrow or with bitcoin addresses are GPG signed. Please verify.
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vlad1m1r
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June 08, 2012, 05:55:05 PM
 #476

Very informative guide.
Simple rule of thumb, if it's too good to be true, it probably isn't true!

Well the thing is, to me, bitcoin is in it's very nature, too good to be true Smiley

You're right to be prudent Farfie - Bitcoin can be anonymous if used correctly but too many people make rookie errors and use them in such a way that can reveal their own identity.

Probably your first hurdle is obtaining Bitcoins safely i.e via a method that's untraceable. I have been trading on the Silk Road for around 6 months now selling Bitcoins for cash to people in the Uk and Europe but you can also use your local Craigslist or similar to buy Bitcoins in a manner that can't be tracked. If you have to use bank transfer then at the very least I'd suggest using a mixing service which will make your transactions harder to trace.

This brings me to my next point which is that the Bitcoin block chain is not anonymous in the sense that it contains details of every transaction ever made. If a person's identity can be linked to a particular BTC address e.g through withdrawing funds from there to a bank account, then any Bitcoins sent to or from that address can be traced throughout the block chain. This is why it's important to obtain Bitcoins in a safe way.

Sunny point number three is that as with physical cash it's not possible to reverse a transaction in the same way you can charge back a credit card or Paypal payment. This has made Bitcoin an easy target for scammers. Silk Road operates an escrow service to try to reduce the likelihood of that happening but this has led to some dishonest people ordering goods from vendors and claiming they never arrived to received products free of charge.

Nevertheless I have faith the system can work for those people that want it to. Trust is a huge issue but as long as you deal honestly and fairly with others, by and large they'll do the same for you in my experience.

V.



ruconnection
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June 12, 2012, 12:40:28 AM
 #477

I just say what other people hav too: trust is necessary when using bcoins. n
gateship
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June 12, 2012, 05:31:57 AM
 #478

hmmm maybe i should rethink this bit coin stuff and stick to mail instead, well i'll have to see how it goes first... anyways thanks for a heads up
SickNik
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June 12, 2012, 10:16:30 AM
 #479

I think bc is the safest way to buy sth on the internet atm.
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June 14, 2012, 05:11:39 AM
 #480

i know i trust my friends
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