Alternative Block Chains : be safe!

[Joshua Jackson]

Reading through the Satoshi whitepaper has revealed a lot about the security threats and challenges your Bitcoin could face when altcoin blockchain run in the same exchange.
I would recommend that you get altcoins with dedicated wallets.
Also, try no to save your Bitcoin on any exchange having other altcoins.

Definitely, you will want to trade with some altcoin and that should be down on an exchange platform where you do not have Bitcoin saved
 

[hainguyen1997]

Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.

i from chiasekinang, I find it very useful

[Kavelj22]

Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.

i from chiasekinang, I find it very useful

Hey Man, that post you quoted is 10 years old. Older than all the altcoins you know, Lol.
I know that the topic is still useful even it isn't updated since published but there are many good topics in the same concept and you don't have to wonder about how to find them because the good ones are here in bitcointalk forum. Use the search option in top page or add you keywords in google + bitcointalk.
Welcome to bitcointalk 

[JrRini]

Important Message


Bitcoin new projects are actually new bounties. In fact, you sell their tokens very quickly, so the price of bitcoin goes down a lot and the liquidity goes down.  Hold it for a while without selling it with you. Leave it for a while. You will see that the shops of the project will close and you will get the price of the token after pumping. You will benefit and the rest will benefit.  .

[vasu_1954]

Thank you very much Gavin,

           The information you provide is very very important.  Indeed, by following this information we can protect our assets.  Usually if our PC has a large amount of bitcoin, we should be very careful in transacting altcoins in that device. I understand the importance of blockchain. I have many devices for security reasons.

[StahlKrupp]

Once again, anyone really knows what NFT are made for? Or it's just made to hold some picture or gifs in your wallet? I just don't get the NFT purpose

The purpose is to have an absolute original you can't clone..
You can copy the jpg or gif millions of times but only the one in your wallet, coded in the blockchain via smart contract , is the real one and has the value (because people pay for)..

But, imo 99% of NFTs are just hype and insanity.. it's a trend of colorful pictures , but with a serious technological background.

[Ashli1989]

Usually people have a computer or laptop. If you have more bitcoin in it then I think it is not advisable to use more altcoin or other coin in it. Speaking of security, I would like to say that no one can stop anyone from attacking various blockchains. I agree with GEVIN ANDERSON. If there is insecurity in blockchain technology then the smart person will adopt 100% irregularity in it. There is no harm in that. Suffice it to say that Gavin Anderson's article is really nice. I congratulate them.

[Iq45]

Blockchain wallets are safest wallet. Blockchain wallets use private key encryption to secure data and all transaction.

[candoopronl]

thanks for sharing it.
Very useful  - non expert must be very careful otherwise you can be easily scammed 

[szalma.andor]

Hi everyone!I have a canceled transaction on @poloniex exchange and after the transaction i click on the confirmation email after 2-3 minutes error pops up and my founds stucked. It was a simple USDT tron transaction for a larger amount. I opened the case right away and also wrote to support. From the start I keep getting the answer that my case is in the final stages and that I should be patient because they will respond by email. What is your experience? People this is terribly slow! How can we get our money back? 

[GeorgeMFrancis]

Hi everyone!I have a canceled transaction on @poloniex exchange and after the transaction i click on the confirmation email after 2-3 minutes error pops up and my founds stucked. It was a simple USDT tron transaction for a larger amount. I opened the case right away and also wrote to support. From the start I keep getting the answer that my case is in the final stages and that I should be patient because they will respond by email. What is your experience? People this is terribly slow! How can we get our money back?

Usually, I send messages to support again and again. Do they have a phone number? I wouldn't trust guys who don't use phones for customer support.

[JeromeTash]

Usually, I send messages to support again and again. Do they have a phone number? I wouldn't trust guys who don't use phones for customer support.

Please quote the messages correctly or else you may end up getting banned thinking you have been plagiarizing

This is how you quote;

Hi everyone!I have a canceled transaction on @poloniex exchange and after the transaction i click on the confirmation email after 2-3 minutes error pops up and my founds stucked. It was a simple USDT tron transaction for a larger amount. I opened the case right away and also wrote to support. From the start I keep getting the answer that my case is in the final stages and that I should be patient because they will respond by email. What is your experience? People this is terribly slow! How can we get our money back? 

Not just copying the post and then replying it together with your text

[zityx23]

Hello Gavin. Will mobile nodes be the way to prevent these kinds of attacks? The current consensus mechanisms seem very leaning towards the rich and powerful.

[hopenotlate]

How to restore the metamask wallet with these words?
I don't remember my password): I lost $500, sorry

general october mammal clay stand glare more sister inch mother poem poverty

THIS IS A SCAM GUYS

don't fall for this : no one wll ever give you their seed phrase

Check here :  https://medium.com/metamask/rotten-seed-phrases-a-new-scam-targeting-crypto-users-b414f9ef292e

[hasan21]

You simply need 1 convenient bitcoin client that can securely live on a scrambled and supported up volume, and one normal one for everyday small stuff. Dislike you regularly send 5000+ BTC, no?

As it turns out, cobbling together a fairly serviceable versatile bitcoin is really clear.

[evichi]

Thanks for the information. My interest goes to brand new blockchains, including blockchains on testnet. Avoid using your important gadget/wallet when engaging with brand new blockchains as well as when participating in testnet airdrops/assignments. IMO, it is important to carry out detailed research before using/connecting gadgets/wallets to new blockchains to avoid losing one's hard earned crypto assets - newbies and old crypto enthusiasts should be cautious.

[Morpheus_Exodus]

"Thank you for sharing your insights, Gavin. Your approach to security and risk assessment is thorough and prudent. I agree that it's crucial to prioritize safety when experimenting with alternative blockchains, especially given the evolving nature of the crypto space. Your tips on running software in a secure environment, conducting thorough research, and using unique passphrases are invaluable reminders for anyone venturing into new blockchain projects. Safety and security should always be top priorities in this space."

[YoungJeazy]

Thanks for your info! It is always a good advice to set a different password for every account you are creating in the internet, especially for those who are connected to payment services!

[Altcoiner007]

Thanks for your info! It is always a good advice to set a different password for every account you are creating in the internet, especially for those who are connected to payment services!

Yes it is! However, you need to be careful you don't begin to get confused as to which password is for which site or platform. The fact remains that we interact with different platforms almost on a daily basis.

Not sure if writing these passwords down somewhere is something to recommend. Some persons have adopted encrypting their passwords into Google doc or Google drive. Whatever works, just don't forget your password

[betswift]

There are many great points in this post, however, if you are up to setting a node for an alternative blockchain to run it's protocol, it's crucial to not only check the software for it, but the project, founders and investors behind it as well. It would be great to check the community, their socials, info and metrics about the token, so that there wouldn't be honey pots or rug pulls. And, of course, DYOR is a corner stone for any kind of activity in this sphere.