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Author Topic: Trust No One  (Read 161209 times)
btcdeep
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September 12, 2012, 03:06:03 PM
 #641

Just minimize risk, you can never eliminate it.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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secure_data
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September 12, 2012, 03:27:08 PM
 #642

Lot of scammers everywhere in this anonymous world... man must be very careful with choosing business partners, not for everyone Smiley
aparigraha
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September 12, 2012, 06:26:55 PM
 #643

funny topic
Jermainé
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September 12, 2012, 06:56:37 PM
 #644

Where's the love guys.? We gotta trust one another Smiley
BlueCombWindow
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September 12, 2012, 07:58:49 PM
 #645

I just trusted BitMofo with 1 BTC but can't post in his thread yet lol I'm a super newb.
chaut0
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September 13, 2012, 12:38:57 PM
 #646

Yes, the internet is far too  Huh
dickroast
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September 13, 2012, 07:14:34 PM
 #647

Yes, the internet is far too  Huh

How far is it?
bernlin2000
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September 13, 2012, 10:37:03 PM
 #648

This whole thing will never work if you can't trust the exchanges that you're poring money into. Mt. Gox, for example, is a place I think we can safely say IS safe, even if their registration requirements are a bit strict (need an id and proof of address). Other than them, though, I'm suspicious of everything.
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September 13, 2012, 11:42:23 PM
 #649

I just trusted BTCFPGA.com with a significant order paid in BTC.  I hope it works out...  Undecided
bernlin2000
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September 14, 2012, 12:36:50 AM
 #650

Yes, the internet is far too  Huh

How far is it?

Haha, sounds like they were trying to say the internet is general shouldn't be trusted.
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September 14, 2012, 09:41:04 AM
 #651

Don't always trust yourself either. Especially when talking about money/investing. You are driven by emotions, which is bad.
vphen
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September 14, 2012, 04:00:40 PM
 #652

Quote
don't trust online wallet services

even to Mtgox?
dacoinminster (OP)
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September 14, 2012, 05:02:40 PM
 #653

Quote
don't trust online wallet services

even to Mtgox?

I only store bitcoins offline. I send money to MtGox or other exchanges in small amounts, and only for the length of time it takes to make a transaction and get my money out again.

You may choose to trust an online wallet service if you feel they are trustworthy. I will not trust ANY online wallet until bitcoins can be stored safely even when a hacker has complete access to them. For instance, if bitcoins could be marked as savings in the protocol and become non-transferable for a period of time selected by their owner.

Osmose
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September 14, 2012, 06:28:36 PM
 #654

Verify, then trust sparingly
KimJongChill
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September 14, 2012, 07:00:53 PM
 #655

Thanks for writing this, the advice given will help me to protect myself from theft.
Hfleer
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September 14, 2012, 09:08:21 PM
 #656

This is true.  I used bitfloor originally, luckily i did not keep coin in their wallet.

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bernlin2000
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September 14, 2012, 10:22:07 PM
 #657

Quote
don't trust online wallet services

even to Mtgox?

I only store bitcoins offline. I send money to MtGox or other exchanges in small amounts, and only for the length of time it takes to make a transaction and get my money out again.

This gentleman knows what's going on. I don't store bitcoins offline myself because I prefer to keep my money in USD (it's a bit more useful  Cheesy), but it would be cool to see the internet in general start accepting bitcoins as a payment method. I think once Amazon allows the use of bitcoins an offline wallet will be a very good idea. Until then, I rarely keep bitcoins from one day to the next (unless you count amounts less than half a bitcoin, leftover from transactions)
andone
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September 15, 2012, 11:19:17 AM
 #658

Offline walet is very recomended i think
BlackHeartFund
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September 15, 2012, 09:23:08 PM
 #659

Good advice. Is there a resource that lists trusted operators?
QuantumKiwi
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September 15, 2012, 09:33:00 PM
 #660

Yeah trust NO ONE. INCLUDING THE TROLLS ON THIS FORUM.

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