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Author Topic: Alternative Block Chains : be safe!  (Read 153145 times)
kelsey
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September 07, 2015, 01:05:04 AM
 #141

oh the hypocrisy of Gavin being the OP  Embarrassed
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September 09, 2015, 09:37:30 AM
 #142

oh the hypocrisy of Gavin being the OP  Embarrassed

Well, quite ironic indeed Smiley.

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September 09, 2015, 07:37:55 PM
 #143

This might be off topic, but reading through these posts from 2011 has me asking the question: when the fuck did everyone on this board stop being able to write English correctly?

.B2.















.BitDouble.io.
















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DickSwagger
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September 11, 2015, 04:40:36 PM
 #144

No harm in taking every precaution with new software involving money.
manhquang
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October 17, 2015, 02:29:24 PM
 #145

thank you for shareing  Shocked
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January 16, 2016, 04:42:34 AM
 #146

Safe is the imporant thing!
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March 09, 2016, 09:15:22 PM
 #147

Quote
I haven't seen anybody post about what would be my biggest worry if I were trying out alternative block chains. I realize this may be perceived as "Gavin is FUD'ding anything that isn't bitcoin!"  (FUD == Fear, Uncertainty and Doubt)  But I think some of you might be forgetting some basic computer security fundamentals in the excitement to be early adopters.

When I first heard about bitcoin, my questions were:

1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?

I answered those questions by:

1) Reading and understanding Satoshi's whitepaper.  Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project.  I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.

If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.

If you want to take a risk on a brand-new alternative block-chain, I'd strongly suggest that you:

1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable.
2) Don't invest more money or time than you can afford to lose.
3) Use a different passphrase at every exchange site.

Very valuable material- Thank you Gavin

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https://keybase.io/verify
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March 29, 2016, 06:06:30 PM
 #148

I understand alt-chains and the need for them but that 20% is scary, Gavin. But like Kano said, It is open source." Lets just hope Antpool doesnt get crazy.
Abhi9559
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April 12, 2016, 08:10:25 AM
 #149

plz provide me a brief knowledge related to alt coins in a simple way...
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April 21, 2016, 03:44:47 PM
 #150

But why we must use virtual machine, because then we must use different OS from host OS ? If we use Windows, we must use Linux then.  Wink
BitcoinNational
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May 22, 2016, 03:19:39 PM
 #151

oh the hypocrisy of Gavin being the OP  Embarrassed

Well, quite ironic indeed Smiley.

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lukas82
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June 02, 2016, 09:11:57 PM
 #152

thank for share
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June 03, 2016, 07:57:45 PM
 #153

I  agree with you . That's partly why I haven't messed with the alt chains. I even mentioned this on the announcement thread for lxcoin but it got drowned out with all the excitement about it. Angry Angry

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karmenali
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June 05, 2016, 06:13:05 PM
 #154

i hope will be succeses Roll Eyes
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June 28, 2016, 07:28:21 AM
 #155

example ?

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July 23, 2016, 10:29:08 AM
 #156

Thank you Brother, Nice advice.

Tacalt
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August 06, 2016, 03:49:12 AM
 #157

Question  from a dummy here, by alternative block chain do you mean the block chains some alt coins use and do any alt coins use the same blockchain as bitcoin?
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August 12, 2016, 02:03:21 AM
 #158

He is talking about a hidden hard fork.  You can clone a coin and change nothing but the merkle and basically create a new coin with the same characteristics as the original, but the chain is new.  Conceivably the person could then control that chain and alter TX's to their liking.  It is possible with newer coins, but older ones would be harder to fool enough people.

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August 19, 2016, 01:07:12 PM
 #159

Have you heard about DECENT? It's a decentralized content distribution platform.
Join our Slack channel and discuss the network's abilities with our community!


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August 20, 2016, 04:31:48 AM
 #160

I haven't seen anybody post about what would be my biggest worry if I were trying out alternative block chains. I realize this may be perceived as "Gavin is FUD'ding anything that isn't bitcoin!"  (FUD == Fear, Uncertainty and Doubt)  But I think some of you might be forgetting some basic computer security fundamentals in the excitement to be early adopters.

When I first heard about bitcoin, my questions were:

1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?

I answered those questions by:

1) Reading and understanding Satoshi's whitepaper.  Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project.  I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.

If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.

If you want to take a risk on a brand-new alternative block-chain, I'd strongly suggest that you:

1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable.
2) Don't invest more money or time than you can afford to lose.
3) Use a different passphrase at every exchange site.




I am not very worried about their safety , I am more support to enhance their convenience, so that ordinary people more able to accept them .

Never give up, Never lose the opportunity to succe
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