Alternative Block Chains : be safe!

[honestis.network]

yeah I too so, always use a different password on every transaction and I also use a different password on every account I

So like that, I just found out if it should be a password. Thank you for the information

Is it safe ?
If you have safe method of storing password than once a 3-6 month is enough to change it, if you have not safe method for storing password changing it everyday or every time you done transaction gives you more chances to make mistakes.

Some old wallet implementations had problem with generating random k for Bitcoin transaction and changing bitcoin account and key after each transaction was reasonable that days, but it was long time ago.

Changing password every time looks just like much work, if you will be tired you will make mistake.

[MostHigh]

This is terrific information. Garving. i wanted to join the bitcoin train a year ago but i was skeptical and paranoid about malware and virus. This is has given the chance on knowing hw to let it work

[yusuf98]

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.

If it can use one computer using some miner tool whether it can be profitable fore?

[selline]

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.

If it can use one computer using some miner tool whether it can be profitable fore?

in my opinion, if you want a more secure we recommend using a single computer by using some of the tools that will be useful for miners the future of the future

[yohananaomi]

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.

If it can use one computer using some miner tool whether it can be profitable fore?

in my opinion, if you want a more secure we recommend using a single computer by using some of the tools that will be useful for miners the future of the future

Also confusing with some posts from agan, I use one computer for avoiding my own confusion, is there any best solution using one computer?

[Minerolero]

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. 

I think we can´t even say that those precautions make you paranoid, its just being safe. There are so many altcoins being launched, and a LOT of scammers out there...  I should be doing as you said: using another computer or maybe in a virtual machine (that may not even be enought) to run for example, a wallet software of some altcoin that i may eventually try. For a matter of lazyness, i am not doing that, but i use to check any file i download with online and offline security tools.

[avianvian09]

i prefer to use blockchain. sometime its reall fast when transaction .

Yes same better use Blockchain if I. Blockchain on Bitcoin is a decentralized system. Bitcoin means not influenced any Government policy which may just carries a bad influence in the system. Bitcoin is also an example of the success of the system over peer-to-peer without a central controller that controls the operations of the system. Bitcoin can just replace credit cards and debit cards in the future.

[dzkrb]

The question is: can a virus with a code blockcshain the virus? I think it's elementary. And if the computer has some valuable information, what can prevent the theft of this information or money?

[furylmz]

The question is: can a virus with a code blockcshain the virus? I think it's elementary. And if the computer has some valuable information, what can prevent the theft of this information or money?

Exactly.Difficult to avoid.I need to use macos for it.I feel comfortable

[dzkrb]

The question is: can a virus with a code blockcshain the virus? I think it's elementary. And if the computer has some valuable information, what can prevent the theft of this information or money?

Exactly.Difficult to avoid.I need to use macos for it.I feel comfortable

What is macos? Antivirus?

[soerklike]

I have a spare computer, just like bitcoin, where the money needed to move is in a wallet, and the big money is stored on a computer for security 

[deddod01]

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.

Sorry friend.....
I have one computer unit and it's fine. Precisely using many computers would be a lot of emails will also arouse suspicion of its use for what. And that's not good ..

[Aliya Taj]

You have to really be careful and very cautious of the third party software.

[Rags2Rickius]

we need to buy coins with proper tech behind them. so i just study their coding.

[Praetorian.1legion]

No one is immune from losing money. You have to be careful when working with crypto-currencies. There are many risk factors: you can get to phishing, you can become a victim of a virus, you can not correctly specify the address and much more.

[LeeMinHoa]

i don't really encounter this yet but i believe this might be possibly nowadays. knowing the boundaries of technology nowadays is so wide and broad. if it will be happening i don't this will be use in good purpose. as you mention in your trend. it can be used to hacking activities or even worst. as a venturer here on crypto word let's just not hope for this kind of thing to happen.

[codehtcmail]

I think this thread should be locked so no one will make their own advertising on it here.

[BlockHazard]

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, Gavin.
Good advice. this is a very important thing, and all people must know and understand about that.

[danielogalue]

Yes Gavin, Thats a good starter for me, a newbie in cryptocurrency. In fact i want to understand how to read a whitepaper so i can identify useless altcoins. thanks. kick start my adventure soon.

[mevmike]

tnx for these very valuable info...
these will really help a lot of beginners like me....
will try to follow your guidelines on future things i want to do.