Bitcoin Forum
May 13, 2024, 11:02:14 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How do I determine the legitimacy of a bitcoin service?  (Read 701 times)
triforcelink (OP)
Member
**
Offline Offline

Activity: 112
Merit: 10



View Profile
August 07, 2011, 11:41:55 AM
 #1

I'm trying to compile a list of things that people should look/ask for before trusting services which ask for personal information and or bitcoins.

What I have so far:

Reputation - How long have they been around? Have they made a meaningful contributions to the community before? (Posts on forums/reddit, wrote open source code, submitted ideas, etc.)

Publicity - Have they made a public appearance or disclosed their location? - Have they made an appearance on OnlyOneTV? Or anywhere else online? (YouTube channels, podcasts, etc.)

Professionalism - How 'professionally' do they handle themselves? How sincere are they? (Do they go out of their own way to help you?) How professional does their service look? (The more effort and attention they put into the service, the more likely they are to care about it and its users.)

*Side Note* Just because someone does not meet all the criteria does NOT make them illegitimate. Use your own judgement!

1715641334
Hero Member
*
Offline Offline

Posts: 1715641334

View Profile Personal Message (Offline)

Ignore
1715641334
Reply with quote  #2

1715641334
Report to moderator
1715641334
Hero Member
*
Offline Offline

Posts: 1715641334

View Profile Personal Message (Offline)

Ignore
1715641334
Reply with quote  #2

1715641334
Report to moderator
1715641334
Hero Member
*
Offline Offline

Posts: 1715641334

View Profile Personal Message (Offline)

Ignore
1715641334
Reply with quote  #2

1715641334
Report to moderator
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Tasty Champa
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
August 07, 2011, 11:46:19 AM
 #2

the only time you should ever trust someone is if you know where they sleep.
xD
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!