Alternative Block Chains : be safe!

[CryptoCCAU]

Top alternative coins are Ripple XRP, Ethereum (ETH), Bitcoin Cash (BCH, Stellar (XLM), and EOS (EOS). All 5 are a great way to get many people to setup many targets with Bitcoin users.

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[ccol]

my blockchain better all :DDD

[BitBaks]

Top alternative coins are Ripple XRP, Ethereum (ETH), Bitcoin Cash (BCH, Stellar (XLM), and EOS (EOS). All 5 are a great way to get many people to setup many targets with Bitcoin users.

I would still add in the above list another coin Litecoin (LTC)

[xtrusion]

Top alternative coins are Ripple XRP, Ethereum (ETH), Bitcoin Cash (BCH, Stellar (XLM), and EOS (EOS). All 5 are a great way to get many people to setup many targets with Bitcoin users.

I would still add in the above list another coin Litecoin (LTC)

Wow, thoese coins are just some of the biggest alternative according to market cap.. ltc does more or less the same that btc; eth and Eos also do the same; ripple is a bank coin and xlm is married with ibm. of course these are alternative block chains, but there are much more you can list..

[Therean]

Thats right, im using more then one pc so i can mine easy. Not like other with one pc. Also what is important to use legit windows, not to use pirate windows. And with that you can make serious money as i do.

[FIREBOAT]

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

[pagito]

This topic will never lose importance. Security first. As we are striving for adoption, unsecured and not reliable projects are pulling industry back. Always do your own research, if you aren't technical ask someone you trust and learn on a possible level!

On the other hand, there are so many interesting projects coming out. Fearing facing a scam shouldn't become ignoring everything.

[timoshani]

But the time of an alternative blockchain becomes ripe. The speed of transactions is big in a network of bitcoin. How to be with such speed at the realization of a new startup which demands instant payment confirmation?

[Fumzy]

From the time of this post until now, cryptocurrency even with how poor the market is, has made a remarkable and significant change globally. I just can't believe I didn't know about it back when this post was made. Now there is so much branches to dive in and so much to do. It probably no longer has an end.

[shaunonsite]

I want to add OHAS.IO to the scam list.

The owner and her boyfriend got away with millions of dollars in USD. She did a lot of other illegal stuff and is on the most wanted list in South Korea. Her English name is Kimberly Lin but her Chinese name is Lin Ming Chen. She's from Taiwan. December 30th, the office was shut down and everyone lost their jobs. Many of the investors are asking questions and are reasonably pissed.

[c2Gin]

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.

Thanks for sharing your procedures to check things out and some of your observation the past years. I hope this will be a lesson and tips for aspiring cryptobuddies out there who are willing to learn and apply what they study to the cryptocurrency. It's just right to don't take the risk too much when you know that there's a bigger chance to be scammed. But sometimes you need to take it depends on the person. Just like what they said "High risk and take High reward".

[ibrahim160994]

All the information says if each node contains a method, but bitcoin has a structure that might not be detected, for this reason, why must have different and confidential passwords for each site that we list

[rabbitfairferry]

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.

Hey Gavin, is there a good tutorial somewhere on how to do this "1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable."?

Thanks.

[selim1976]

I liked this saying: don't invest more money or time than you can afford to lose.  Very correct words.

[TradeExpertsTelegram]

POSTED ONE MONTH AGO....

0.01 is Next Resistance ✋

https://t.me/joinchat/AAAAAEspJoBtulVHk0MuzQ

https://www.tradingview.com/chart/LTCBTC/hnWMf6co-LTCBTC-FOR-SHORT-ENTRY/

[ObscureIM]

If it's forked from a secure blockchain such as bitcoin, it should be fine

[DapC]

Hello, community! )) Do anyone know about post-quantum altcoins? I’ve read here https://dapcash.org/quantum-apocalypse that all coins will die soon… How do you think guys? Maybe it is a fake? Do anyone take it seriously?

[Chinocshyp]

As for Brain Box token, it's more than just another altcoin project. It's a true representation of creative minds who would want to share their creativity with the world

[eevabusincka]

Which altcoin should we trust? A lot of altcoins are out there but which one to consider the best or the safest?

[Cryptmuster]

Which altcoin should we trust? A lot of altcoins are out there but which one to consider the best or the safest?

Absolutely you can always advise the top 10 cryptocurrency, as investing in them you can not worry about the fact that this company will be a scam and that your money will go to the thieves.