Trust No One

[JordanL]

I don't even trust my bank to hold my FRN's securely.  I rarely keep more than 200 in my account.  It is there for direct deposit payments, which get withdrawn as rapidly as possible.  Cash in safe is as secure as FRN's can be...I'm just now looking at Bitcoin as an alternative, and will be dabbling with "losable" quantities at first, once I understand the technology sufficiently to delve into it.  I wasn't even aware of Bitcoin until two days ago...

Look into creating a secure cold wallet.

[thenixedreport]

I agree that utmost caution has to be exercised.  However, to me, if one is paranoid to the point where it affects their physical health, then they're level of paranoia is too high.  But that's just me.

[usdtocny]

got it! you are the best!

[thv20]

Good info here.

Not sure if it was mentioned already, but I used LocalBitcoins for my first BTC purchase. We exchanged some smalltalk over Twitter, making a few verifiable local references along the way. I got a full name and address too.

[casascius]

I don't even trust my bank to hold my FRN's securely.  I rarely keep more than 200 in my account.  It is there for direct deposit payments, which get withdrawn as rapidly as possible.  Cash in safe is as secure as FRN's can be...I'm just now looking at Bitcoin as an alternative, and will be dabbling with "losable" quantities at first, once I understand the technology sufficiently to delve into it.  I wasn't even aware of Bitcoin until two days ago...

Look into creating a secure cold wallet.

Do you have a 1BTC Series 2 Casascius Coin?

I am experimenting with a way to make a secure cold wallet.

The way it would work is I e-mail you the public key for your coin (which I have for most of the series 2 coins).  You plug it into a utility that I wrote, and it generates another private key and a "2-factor bitcoin address".  The utility just performs an elliptic curve point multiply.

Getting funds out of that 2-factor address requires the private key under the coin plus the private key you generated.  The utility can also compute this - combining the two private keys is just scalar multiplication.

[mintcoin]

Protip: dont use trustno1 as your password (matrix fans will get this).

Essentially apply the same, if not stronger security that you would on your physical cash notes.

As for OP and bonds, security bonds by their very nature carry a large amount of risk. Bonds can (and do) become worthless overnight...

[Mjbmonetarymetals]

Hi

Im Mick bruce from Huddersfield , small uk bullion dealer ive been interested in bitcoin for over a year, producing a 1gram silver bitcoin art round last year that sold quite well mainly via the forum here, I've recently added the option of buying selling bitcoin mainly as I was struggling to exchange my bitcoins due to intersango the uk exchange not functioning correctly.
I'm certainly no bitcoin expert unlike many others here on the forum who's discussions on the mechanics of bitcoin I've read in amazement and bafflement I have to say, as it much of it goes way over my head at times . I hope I'm proof though that advanced technical knowledge on bitcoin isn't a requirement to be able to buy or sell or trade with it.

Anyone looking to buy bitcoins in the UK who wants to avoid having to set up accounts with exchanges etc. might want to give my site a go (via the bitcoin tab at http://mjbmonetarymetals.co.uk/ , all you will need is a suitable bitcoin wallet, a bitcoin deposit address at hand and a bank account allowing you to make a transfer.


Of course the thread header "trust no one" is the best advice. A good idea might be to do your due diligence in at least googling " mjb monetary metals ". If you are interested in buying bitcoin.

[Phox]

Goes for online and offline in life.
 

[The Hummingborg]

Your password is not for expressing your personality.

[btcven]

I'm looking to create a "Recommendations" page at http://bitcoinvenezuela.com for newbies. The main idea is to help people from Venezuela to be able to use Bitcoins to acquire services and goods from other countries without having to pay high prices for Dollars or Euros.

 
I'll add some if your tips!

[xx78213]

I hear that, always gotta watch out for #1.

[tjohej]

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.

Not trust anybody? I may sometime in the future want to buy a HIB for Bitcoin in the future from someone on the forum. Of course I can't trust somebody 100% I agree with that. I may trust someone though with something from 1 to 10 bitcents but still I will evaluate if I trust the person.

[MKEGuy]

Make SURE you create some form of remembering your password!  You'd be surprised on how easy it is to forget!  i did it just the other day when trying to send some bitcoin!

And if you are SURE you wont forget it - its not hard enough to remember! (aka for someone to crack)

[Crookid]

nixon.jpg

[josephliton]

Trust no one  Conspiracy every where...

[Rudd-O]

You can trust your fellow Second Realm travelers: http://secondrealm.net/

(Read the short book!)

[bitsnpieces]

I hear that, always gotta watch out for #1.

+1

[Grantness]

Good advice! Thank you. This has been an eye-opening thread....



[/end newbie spam]

[cr0wX]

Good thread man, thank you very much for this.

[aslike]

These sounds abit strange however I think its not hard to know a would be ripper /scammer they some how show their "colours"