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Author Topic: Alternative Block Chains : be safe!  (Read 259910 times)
bwstacker1
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March 29, 2016, 06:06:30 PM
 #141

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.
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April 12, 2016, 08:10:25 AM
 #142

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
 #143

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
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May 22, 2016, 03:19:39 PM
 #144

oh the hypocrisy of Gavin being the OP  Embarrassed

Well, quite ironic indeed Smiley.

timestamp is ominous 2

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June 03, 2016, 07:57:45 PM
 #145

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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June 28, 2016, 07:28:21 AM
 #146

example ?
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July 23, 2016, 10:29:08 AM
 #147

Thank you Brother, Nice advice.

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August 06, 2016, 03:49:12 AM
 #148

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
 #149

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
 #150

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August 20, 2016, 04:31:48 AM
 #151

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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August 24, 2016, 09:41:19 PM
 #152

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.



NICE TIPS

This's a must read for everyone!

1) Now in 2016, lots of alternative block-chains use usb thumb sticks with a bootable OS with the wallet pre-installed. You can then save private keys on the usb stick keeping them safe from other apps. These are a great way to stay safe and organized. With exchanges supporting all kinds of hard-forks, some of which include hard-forking away your private keys, you have to have easy access to your coins at anytime.

2) Learn to use a block explorer.


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October 16, 2016, 09:16:23 AM
 #153

on what kind of coins is this applicable
mbluxs
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November 06, 2016, 06:16:49 AM
 #154

Good ... (y)   

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November 12, 2016, 05:01:55 AM
 #155

I thought there is new blockchain bec it says " be safe" then saw the date and I realized this post were about those old days of blockchain. I guess, blockcain is fine now and being still a newbie, security measures are strong. Just dont forget to back up and download paper wallet just in case something went wrong. We have to be careful because its about money. Right?

                             
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     ,▓▓▓▓▓▓▓▓▓▓▓▓▓▄╖       "▀▀▀▓▓▓▓▓▓▓▓▓▓▓   ▓▓▓▓█╜   ▄█▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓██▀
     ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀      ╖,,        `"▀▀▀▀▓   ▓▀`   ▄█▓▓▓▓▓▓▓▓▓   ▓▓██▀▀▀▀`
     └▓▓▓▓▓▓▓▓▓▓▓▀   ▄▓▓   ▓▓▓▓▓▓▓▄▄╖,,
       ▀▓▓▓▓▓▓▓▓   ╓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓P`   ╓▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄███▀
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              ▄▓▓▓▓▓▓▓▓▓▓▓▓▓▄  ╙▓▓▀   ,▄▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓█   ▀'
               ╙▓▓▓▓▓▓▓▓▓▓▓▓▓b     ,▄▓▓▓▓▓▓▓▓▓▓█   █▓▓▓▓▓▓▓▓▓▓
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                          ,▄▄▓▓▓▓   ▀▓▓▓▓▓▓▓▓▓▓▓▓µ  ▐▓▓█▀▀
                           "▀▀▓▓▓▓▄   ▀▓▓▓▓▓▓▓▓▓█▓


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November 21, 2016, 12:41:42 AM
 #156

whether altcoin recommended for mine
patrickj
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December 11, 2016, 01:38:40 AM
 #157

yeah me too. When I first knew about bitcoin I was curious how it work, so everyday I came to read some stuffs on how to earn money without being scammed.

Nice post. Thanks

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December 18, 2016, 10:26:06 PM
 #158

Wow great info for people to read. Im fairly new to using blockchains and this is great information. I agree with changing passphrases every site you use. I would like to add make sure you run antivirus softwares and firewalls too. Overall great info!! Peace Love and Crypto!!

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December 24, 2016, 06:49:16 AM
 #159

on what kind of coins is this applicable
blockchain to store or can say bitcoin bitcoin wallet


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December 24, 2016, 06:51:26 AM
 #160

bitcoin is d best
yes indeed bitcoin is the best coin in the digital world as it is today, traffic bitcoin which continue to climb, make hunting more excited bitcoin


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