Bitcoin Forum
October 22, 2017, 10:58:10 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15]  All
  Print  
Author Topic: Alternative Block Chains : be safe!  (Read 240911 times)
Obi2024
Member
**
Offline Offline

Activity: 98


View Profile
October 17, 2017, 01:24:28 PM
 #281

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 a lot for the info @Gavin Andresen, better to be safe than sorry.
It's good to be careful and all that, but there are very good guys who are developing alt chains that are very good, i would even like you to look into one if you will have the time, can i pm/email you with the info?

| LOCKCHAIN | 0% Commissions on Bookings | Hotel Booking & Vacation Rental |
¦¦¦???                     Marketplace With 0% Commissions                     Huh¦¦¦
¦¦¦???         Telegram | Reddit | Facebook | TwitterSlack         Huh¦¦¦
1508713090
Hero Member
*
Offline Offline

Posts: 1508713090

View Profile Personal Message (Offline)

Ignore
1508713090
Reply with quote  #2

1508713090
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508713090
Hero Member
*
Offline Offline

Posts: 1508713090

View Profile Personal Message (Offline)

Ignore
1508713090
Reply with quote  #2

1508713090
Report to moderator
1508713090
Hero Member
*
Offline Offline

Posts: 1508713090

View Profile Personal Message (Offline)

Ignore
1508713090
Reply with quote  #2

1508713090
Report to moderator
1508713090
Hero Member
*
Offline Offline

Posts: 1508713090

View Profile Personal Message (Offline)

Ignore
1508713090
Reply with quote  #2

1508713090
Report to moderator
HertzCoin
Member
**
Offline Offline

Activity: 70


View Profile
October 20, 2017, 07:20:03 AM
 #282

if you have a lot of btc -don't store all of them on PC
Please, divide storage places

ChainTrade ⌘ Platform for Food & Raw Materials Trading ⌘
ICO Ongoing Now
lsaluqman22
Newbie
*
Offline Offline

Activity: 2


View Profile
October 20, 2017, 07:53:58 PM
 #283

i see, thanks for your tread. than do you know, how abaout hyip ?
stefek99
Full Member
***
Offline Offline

Activity: 182



View Profile WWW
October 21, 2017, 11:04:50 AM
 #284

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 a lot for the info @Gavin Andresen, better to be safe than sorry.
It's good to be careful and all that, but there are very good guys who are developing alt chains that are very good, i would even like you to look into one if you will have the time, can i pm/email you with the info?

Original post from 2011, and yet so up to date!

Now the security is more important than ever...

Speaking of alternative blockchains - there are not that many wallets supporting more than 10-15-20 currencies...

________Any Store Can Buy, Sell and Accept Cryptocurrency________
█████████ ██ ███ ██      PUNDI X      ██ ███ ██ █████████
Whitepaper      Twitter      Facebook      Telegram      Medium      Youtube
Paulcrypt
Newbie
*
Offline Offline

Activity: 13


View Profile
October 21, 2017, 01:49:42 PM
 #285

This way security is assured, as no third parties are involve and no one holds the “keys”:  Cool
Coinguru1976
Newbie
*
Offline Offline

Activity: 3


View Profile
Today at 12:31:13 AM
 #286

Just came across this new coin, heard about it a lot in Asia while I was there.  Check out the website

www.88coin.io

Considering investing in it, have a feeling it will sell out fast
Sarah08
Full Member
***
Offline Offline

Activity: 182



View Profile
Today at 02:46:02 AM
 #287

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.


The alternative block chain must be safe because it has been a source of income to many people. This alternative block chain has already helped so many people and from that it has been a very good help to everyone. Knowing that this block chain has provided financial needs of the people.

Sarah08
Full Member
***
Offline Offline

Activity: 182



View Profile
Today at 02:46:35 AM
 #288

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.



Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!