Alternative Block Chains : be safe!

[rricksu]

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. 

Meaning to say that these altcoins can infiltrate our privacy and stole our bitcoins? In order to be safe, we should be aware of our privacy and we should first test the reliability of the altcoin circulating the internet. In that way, the altcoins wouldn't be a destruction to us.

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[ridertiger]

That is good advice. Good thing I am not running .exe wallets on my pc. Always prefer paper wallets, and if it is a coin like BTX  that I can trust, I use a known wallet like Coinomi.

[milloz9]

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.

[diddlez]

Most of the new coins coming out daily are created by ignorant developers. its scary

Why do you say this?

[Atamalann]

The winner of Ethereum and bitcoin has resulted in several design that spawned into presence close to investing the implicit applications and conceptions preceded close to them.

[Wylokel]

The just item I strength annex is that " apply a dissimilar password" isn't regional to converts , on the other hand enforces to forums, netmails , and all the more lagoons

[Vilath]

all the more appreciative embodying the truths . In the crypto satellite it's in every instance consummate to be many neuter to your return so you adopt 't spreading yourself to chance convulsive and dynamic activity

[igor85]

AfterEther is getting ready to release a new wallet for Ethereum.

With this wallet, using Ethereum is going to be much easier and enjoyable.

Account avatars, categories, transaction simulation, explorer, tokens, balance history and many other features will help you to make the transfers quickly and safely.


Information about the project can be found here:
https://afterether.org/afterether-wallet.html
https://discord.gg/brxpk27

[laiya94]

Yes, I agree with you. The number of members involved in the cryptocurrency market in the past few months is so much larger than any time. So everyone must careful because the more community we gain the more scammers will be there.

[Yaiono]

In my close there are as good several replacement blockchains instantly . I forestall general public should breakage transcribing them, i upstage dont looking any intention embodying inditing them.

[amd6678]

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.

[taylor.cwf]

there is always a risk when you enter crypto world. the biggest problem is who to trust and who do not. see USDT example lol..

[bhrum]

Hello. Maybe someone knows what kind of coin, I can not find. This coin on the block, already on the exchanges, not the top ones, will soon be released on good exchanges. The use of the coin will be in the field of land design

[Tamhias]

Lot's of brings trouble ?? I don't think so but it 's upon us....

[thuat86]

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.

Thank you a lot for suggestion. But I am not a technician or developer, so I don't know any source code. How can I do?

[Evushko]

It is difficult to save the data correctly. Anti-virus systems are not what you need to save; you should always carefully study the information before investing.

[Amberum]

I am noticed that my PC become more slowly in this year, especially web browser , antimalware and antivirus programs show that all is ok. Does anyone know or can recommend programs to check new malware type.

[Noah14]

You need to make something if you got money on the machines and wasting energy for " nothing ".

[kbcoin]

Alternative block chain History has a method for rehashing itself. Over and over this opinion has demonstrated that humankind and its individual false notions have been a rehashed issue. It was with the help and arduous endeavors of Satoshi Nakamoto and his/her/their formation of the block chain (Wiki) that began this all. Bitcoin, the originator of conveyed open records, fills in as a prime case of the sorts of developments that can emerge when individuals get together behind a mutual shared trait. The Bitcoin "biological system" all in all conveys an opinion, and that is "we need to decentralize". I for one need to face a daily reality such that nobody is prohibited from interest in the forward fight that is carrying this mechanical development under the control of the majority.

[Wylokel]

This is exceptional display on the other hand nearly humans get clamoured to Crypto's with extremely small mechanical recognise -how, which is fairly abject , on the other hand nearly humans would not all the more recognise where to start with seeking to safety check the series themselves.