Alternative Block Chains : be safe!

[PurpleTulle]

The concerns the OP raised are legitimate and even though it's been a long time,  still very valid.  With the advent and progress of the blockchain technology, many blockchain platforms are been created with a good number of them turning out to be sham projects.  It's difficult to know which ones will be eventually worth your money in the end and a few projects which have at least achieved their soft caps - like Modern Finance Chain, are worth looking into.

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[dinesh591]

Very informative. Keep posting such posts.

[georgiasus]

Good. Thanks for the advice. Be sure to try to learn more about this topic. Good luck.

[JelganNa]

Utilizing Google Authenticator as a 2way validation for exchangers will keep you out of inconvenience, and your coins will be protected. Concerning the wallets, they must be kept on a perfect PC wich isn't utilized for mining, with a strong antivirus, utilized with alert while downloading anything new. It`s a respect for me too to answer on a saint member`s string!:)

[GulpoRu]

these bit-coin of a thing is an anchored stage that offers answer for sparing from being lost, empower individual to perform
safe trade activities quicker and all the more safely without having a danger of confronting issues with mediators issues et cetera. every day you have an ever increasing number of insightful people with various thoughts and information about bitcion its advantages, qualities et cetera. these is a stage tha isn't a scarm bcos it is a decentralized frameworks.

[HansakaMadushan]

Such a mind boggling process clarified in such a basic way. I was with one of Tech Teams as they assessed certain new basic changes a day or two ago. The intelligent tree got executed working upon the fundamentals specified by you while testing and it opened up each hole. Obviously, it isn't as straightforward as it sounds here. By the by, the nuts and bolts never show signs of change.

[Valpekh]

ce posts what I see and great subject to be sheltered in altcoins. On the off chance that you read the whitepaper and test the code what the altcoin has, than you can lear a great deal about it. June first we are propelling another task Dcorp.it (in the event that you need I would be glad to educate all the more regarding it) yet we focust on transparanty in each conceivable way. That is one of the importants things I would take a gander at when to put resources into another task. Myself I put resources into Mobilego they raist in excess of 40 million. Good fortunes!

[eni19888]

I think everything that unmistakable individuals from the Bitcoin community need to say in regards to elective chains. Specifically, I know a few people feel that the quantity of affirmations doesn't make a difference and the only thing that is in any way 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 unmistakable this isn't valid; the quantity of affirmations is in reality more essential since exchange security increments exponentially with more affirmations. (His paper has estimated figures; you'll see that tolerant 1 and 2-affirmation exchanges is genuinely unsafe.

[Johannes_Augula]

Good advice.

Using an alternate cryptocurrency client would be a great way to get many people to install a hidden virus that targets Bitcoin users.

If you have a significant amount of Bitcoins, I wouldn't run other clients on the same computer until the alternates have developed trust over a longer period of time... I'm probably on the paranoid side of things though.

These new cryptocurrencies are interesting, and it will be fascinating to see how it will all play out. 

Yes,there are many cryptocurrencies rolling out in the market.Even this HostGames,the trusted online casino gaming platform accepts major currencies like btc,eth,and now even nCash..

[Johannes_Augula]

In our generation many people establish their own alternative cpins company but we should be careful to this because some people used this modus in order to deceive and scam the money of other people.

That's true ...But there are genuine platforms coming up these days such as HostGames where you can be the host of your own mini casino free of cost....if you are interested in fantasy gaming though

[Yana_M1]

If i have a large amount of bitcoins i will download part of it to offline wallet then trade with the remaining at top 5 exchanges based on users reviews and my research and will be extra-cautious about third party software especially software that is free to install

[FaithNicole]

ce posts what I see and great subject to be sheltered in altcoins. On the off chance that you read the whitepaper and test the code what the altcoin has, than you can lear a great deal about it. June first we are propelling another task Dcorp.it (in the event that you need I would be glad to educate all the more regarding it) yet we focust on transparanty in each conceivable way. That is one of the importants things I would take a gander at when to put resources into another task. Myself I put resources into Mobilego they raist in excess of 40 million. Good fortunes!

[A$$bandit]

A while back ago I got into PRINTEX it was pow and now is pos/masternode I have to say i am very impressed with the direction this coin is going. They are unifying Blockchain with the printing industry and making easy for people to order and customize their gear [t-shirts, hats, sweaters etc.] and are also working on releasing a 3D printing platform. Currently 64 day ROI!!! and price for a node at a great entry price. check them out for yourself!


website: http://website.printex.tech/

discord link: https://discord.gg/gfNZTQt

Masternodes online: https://masternodes.online/currencies/PRTX/

[kirillworld]

 Thank you for the information

[FaithNicole]

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.

[ereverton]

日本のコミュニティでは、MERCATOX https://mercatox.com/exchange/TCH/ETHで取引されている#TCH通貨に注目してください。9月1日から15日までの間、このコインをポートフォリオに保持する人には大きな報酬があります。 1,000 TCHごとに1,000,000 THXを獲得するためにその日付の間滞在するhttps://medium.com/@ethminer3/thore-reward-program-tch-91b4b02250f8、取得中に取得すると、3つの韓国の交換所に表示されます すぐに来るhttps://twitter.com/Thr_Official

community, keep an eye on the #TCH currency that is traded on MERCATOX https://mercatox.com/exchange/TCH/ETH, there will be a great reward for those holding this coin between September 1 and 15 in the portfolio, remembering that it should stay in position between that date to earn 1000 000 THX for every 1000 TCH https://medium.com/@ethminer3/thore-reward-program-tch-91b4b02250f8, get it while you have it, it will be listed in 3 Korean exchanges coming soon https://twitter.com/Thr_Official

[Karis2018]

A few people just have one PC and that must suck. Luckily I have various so I can utilise a portion of my alt-mine workers to do this securely.

[Jimmygentle]

Guys y'all should really go and research on @stakertoken

[Queenes22]

You know I was not thinking in this direction at all, but I have always had my fears with these new blockchains, having more than one computer is the best solution for those with large amount of Bitcoins, using one solely for Bitcoin and the other for others, also using the same passwords exposes us to these bad guys, it's safer to use different passwords for different stuffs.

[camperous]

This is an educative piece. If many newbies would have access to such information,  they won't fall victim