Alternative Block Chains : be safe!

[Nasonn]

In my opinion there are too many alternative blockchains nowadays. I think people should stop creating them, i just dont see any reasons for creating them.

Same with the countless number of altcoins available, I believe if they were fewer coins, cryptocurrency adoption would have increased by now but they keeping shilling coins upon coins everyday.

[dinhthisa54]

I can only see the benefit of having multiple blockchains. Too much traffic at one would clog it all and developing better ones than the existing blockchains can only help the technology. Of course, there are too many now to uphold for adoption. Can't believe there will be more as 20 that eventually stay for mass adoption..

[dinhthisa54]

I think we should first have a detail study of other alternative block chains and then select the write one.I am a Newbie, we may use different virtual machines.We should first know whether it is a scam or it is a right thing before spending money and time on it.

[Freddy63]

My bad that I have similar passwords on just each site. As for altrnative cryptocurrencies, I never run software on my main machine and it is not necessary as long as I can just buy token on exchange and transfer it via web client, that's it!

[sekhan1990]

The whole point for me is that blockchain was designed to be immutable and provide the checks and balances through the distributed architecture to ensure that transactions cannot be faked.

We looked at implementing a private blockchain for our cashbag.co business, and use this to manage transactions internally, but it defeats the objective of having the EVM.

It's better for us to transact using the EVM and in this way ensure that transaction history is tamperproof.

[meerkatoken]

I aggree with many previous commenters.

Having multiple blockchains is the best as developments are always happening when there is a race for the market. For example Hyperledger is an awesome project. Now one can argue that it has nothing to do with Bitcoin therefore it is not a real blockchain. My point is that it is not an alternative to the blockchain. It is just a different blockchain that doesnt use crypto but tokens only. Thats it. So it can still run besides the blockchain and many companies will adopt it because huge companies like IBM are promoting it. Therefore it is theoretically easier for hyperledger to get mainstream adoption that it is for the blockchain. But once again the lightning network can change this. So the bottom line is that the more directions we find for development the better the whole ecosystem will be.

[UserJc0209]

I have found a trustworthy project for investment. It is called Clash & GO: AR Strategy. They are heavily vested in blockchain technology and focused on disrupting the gaming world thanks to crypto and blockchain. By supporting this project, you will support a project that is expected to be something fresh and new in crypto and gaming world.

[bebinonaa]

For what reason can't any number of alt chains and Bitcoin all get along? There are various fiat monetary standards on the planet, from the Swiss Franc to the Singapore dollar. The way we handle them is by trade rates (duh). Bitcoin, Litecoin and perhaps hundreds or thousands of others would all be able to live in a similar world and be exchanged what's to come. For what reason couldn't there be the same number of digital forms of money as their are stocks exchanged on worldwide trades? There can be, in the event that you ask me. What's more, similarly as with stocks, individuals should look at the benefits of every one independently and choose which ones merit "contributing" in. Indeed, I believe it's better thusly. Fresher and better sorts of cash can supplant the old and a ultra-current economy can thrive without the requirement for incorporated fiat monetary standards. Smiley

[wavesroom]

Bitcoin and all sorts of blockchain are somewhat risky. Risk of one of the business functions. Of course, there are different vulnerabilities for hackers.
If you want to destroy all the risks of your life, then do nothing. We must be competent in security matters.

[suride212]

Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.

People with only one computer can still securely isolate different wallets & apps from each other by using privilege separation. For example on Linux, run bitcoin/namecoin/i0coin/etc under separate user accounts, and chmod 700 their home directories.

but not everyone can use linux, the use of linux is quite difficult for ordinary people,so they have to find another solution for it

[grundigtel01]

As always people never change, despite the ease of earning money through cryptocurrencies, they still want an easy and illegal way to earn.

[Ethan101]

Yea, there are a lot optional wallets, normally wallets who are attached to blockchain additionally, a lot of wallets feature ones own cash from the countryside, this particular talked about, alt wallets have the opportunity to replace btc over to ones own corresponding cash, and certain alt wallets deliver a great deal more security and safety, Document don't believe every one alt wallets be able to execute this, still in the interest of any bitcoins decide the credit card which usually offer security and safety and additionally legitimacy, this is exactly valuable, most definitely if you happen to presenting a lot of btc, be sure.

[Viendong6158]

Hello Gavin, what a new blockchain should have to spark your interest? I mean what should it be capable of and futures you would expect?

[imperatorbounty7]

It's so great to see that a thread from back in 2011 is still active in 2018! Didn't bother reading the whole thread of course but it would be interesting to see just from this thread how much blockchain has evolved in just 7 years. Nevertheless this is still great advice even after so long. I'm sure we have all learned another thing or two about ICOs and potential scams by now.

[Nubik]

One is not perfect yet, but another wants to be born:))) But this is normal for business. If the product is good, then similar products should appear. A matter of time...

[Socialfood9009]

 I don't think that all alt wallets have the ability to do this, but for the sake of your bitcoins choose the wallet that will offer you security and legitimacy, this is important, especially if you are holding a huge amount of btc, take care.

[AliveBuda]

  Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement. 

[global110]

Hi Gavin,
thanks for your observation. Its true that you haven't seen anybody post about the above subject " what would be my biggest worry if i were trying out alternative block chains". The trust remains people are doing that and people are trying out alternative block chains, only that they are paying it safe till certainty becomes their achievement. since block chains world, is a world people learns a everyday.
Again, you were right about "don't invest more money or time that you can't afford to lose"  these two says it all:
1st, Not all can afford to have more than one machine.
2nd, Not all have the head to create different passphrase they will remember at every exchange site.
But all can avoid to set time aside, they can avoid to let go and all can avoid not putting money and just watch or put in just what we can afford to let go.
thank you for your advice and observation, now people can do more research on the above topic and come up with better results.

[Fittinya12]

There was a lot of uncertainty in my head.Generally, if you have a large amount of bitcoins on a given PC, being extra-cautious about third party software (be it an Alt-coin client or a particularly fancy casual game) is advisable. Thank you Gavin

[belomik]

Additionally, don't think everything that noticeable individuals from the Bitcoin people group need to say in regards to elective chains. Specifically, I know a few people surmise that the quantity of affirmations doesn't make a difference and the only thing that is important is the aggregate expected time of the affirmations, with the goal that 1 10-minute-normal affirmation is more secure than 3-minute-normal affirmations. On the off chance that you read Satoshi's paper it's reasonable this isn't valid; the quantity of affirmations is in reality more essential since exchange security increments exponentially with more affirmations. (His paper has inexact figures; you'll see that tolerant 1 and 2-affirmation exchanges is genuinely hazardous.)