Bitcoin Forum
October 20, 2018, 10:32:35 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 [16] 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 ... 81 »
  Print  
Author Topic: Alternative Block Chains : be safe!  (Read 304846 times)
ChesterFitzgerald
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
October 26, 2017, 09:05:12 PM
 #301

How can you prove that transactions are safe?
1540074755
Hero Member
*
Offline Offline

Posts: 1540074755

View Profile Personal Message (Offline)

Ignore
1540074755
Reply with quote  #2

1540074755
Report to moderator
1540074755
Hero Member
*
Offline Offline

Posts: 1540074755

View Profile Personal Message (Offline)

Ignore
1540074755
Reply with quote  #2

1540074755
Report to moderator
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540074755
Hero Member
*
Offline Offline

Posts: 1540074755

View Profile Personal Message (Offline)

Ignore
1540074755
Reply with quote  #2

1540074755
Report to moderator
1540074755
Hero Member
*
Offline Offline

Posts: 1540074755

View Profile Personal Message (Offline)

Ignore
1540074755
Reply with quote  #2

1540074755
Report to moderator
1540074755
Hero Member
*
Offline Offline

Posts: 1540074755

View Profile Personal Message (Offline)

Ignore
1540074755
Reply with quote  #2

1540074755
Report to moderator
als17
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile WWW
October 27, 2017, 08:03:53 AM
 #302

Speaking of alternative Blockchains...

https://cointelegraph.com/press-releases/has-xtrabytes-already-rendered-the-top-cryptocurrencies-obsolete

This coin says it has something called PoSign or something. Not PoW or PoS i think, but not really sure.
This article was just posted on CT, so i havent had the chance to do much research.
But if true, then i guees im gonna have to take a little bite of this cake.
Guees i will do as OP wrote on page 1.

Any thoughts about the article before decide to buy or not?

Not really !!! still uncertain !!!
AbacasXchange
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
October 27, 2017, 10:42:39 AM
 #303

The internet is not built on alternation networks its built on layers.
We need this in the crypto space.
Layers of blockchains.

@ The Abacas Exchange we call them clusters ... not really a layer but conceptually similar
AbacasXchange
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
October 27, 2017, 10:53:53 AM
 #304

How can you prove that transactions are safe?

This is comprised of a number of elements as I am sure you already know - transparency of the public code with strong third party analysis ... ethical hacking to examine the veracity ... hackathons  ... without that I would hesitate to invest or use ... a lot of vaporware ... also the mining technique ... in our view PoW is best for security but creates scalability and cost issues ... PoS is the logical alternative [see ETH fork] ... safer if the network is at critical mass and less so with nascent chains ... control over the chain is the key ... next issue is control of the cryptocurrency or cryptoasset ... take a look at the abacas exchange as the dev is driven by the concerns that you have - building a better mousetrap Smiley
bcnaranjo
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
October 27, 2017, 02:12:22 PM
 #305

The point is always ensuring safety in all transactions. There are alternative block chains really are coming out and many altcoins are also out in ICOs and Airdrops, but this things are always at our own risk. It is always up to us on how how we comprehend on whats going on with the market that we are into.
als17
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile WWW
October 27, 2017, 07:54:21 PM
 #306

The point is always ensuring safety in all transactions. There are alternative block chains really are coming out and many altcoins are also out in ICOs and Airdrops, but this things are always at our own risk. It is always up to us on how how we comprehend on whats going on with the market that we are into.

Yes that's complitely true we need to truly understand on the market we are dealing on !!
Greenrace
Full Member
***
Offline Offline

Activity: 280
Merit: 102



View Profile
October 27, 2017, 10:37:42 PM
 #307

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.
yes, I only have one computer but to secure it we make a complicated password and often replace it maybe it's one way

maxll
Legendary
*
Offline Offline

Activity: 1021
Merit: 1000


View Profile
October 29, 2017, 06:29:24 AM
 #308

Before you invest in any alternative blockchain - RTFWP!
Read The F Whitepaper! Smiley
shacc
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
October 29, 2017, 09:45:56 AM
 #309

nice advise
winteriscoming91
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
October 29, 2017, 03:28:06 PM
 #310

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.

That's a good piece of information.

als17
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile WWW
October 29, 2017, 04:31:06 PM
 #311

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.

That's a good piece of information.

Cool ................  Grin
Ivantumang2002
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile
October 29, 2017, 05:39:44 PM
 #312

HAYSTTTTT Shocked Shocked Shocked
lottoken@lottoken.org
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
November 01, 2017, 01:21:52 AM
 #313

So, how about a decentralized regulator for all these blockchain ? In other industries we have "standards" bodies. Why not such a thing here ?
adhkara.seto
Newbie
*
Offline Offline

Activity: 59
Merit: 0


View Profile
November 01, 2017, 12:21:24 PM
 #314

A new cryptocurrency gives us the opportunity to achieve something greater because each project behind it is bringing something new in this world. I think more altcoins is better to us to invest coin, cause BTC is so expensive Sad
nodav
Full Member
***
Offline Offline

Activity: 216
Merit: 100

Early Bitcoin investor.


View Profile
November 03, 2017, 07:30:00 AM
 #315

No one is immune from losing money. You have to be careful when working with crypto-currencies. There are many risk factors.
the more crypto the more risk. and it is more difficult to store safely

als17
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile WWW
November 03, 2017, 07:49:00 AM
 #316

No one is immune from losing money. You have to be careful when working with crypto-currencies. There are many risk factors.
the more crypto the more risk. and it is more difficult to store safely

That's true !!!
Cryptoo1
Member
**
Offline Offline

Activity: 364
Merit: 10

Justice as a Service Infrastructure


View Profile
November 03, 2017, 10:57:25 AM
 #317

First of all, big thank goes to Mr Gavin Andersen Smiley. You have explained important things here that we should consider.
In my opinion,
Nothing is permanent, Roll Eyes Every one who lives on world have lost many thing already, It couldn't be changed. The only thing we can do
follow rules carefully.
there for no need to hesitate Wink to doing this but do it carefully.

Thanks

                J U R    |    Justice as a Service Infrastructure    |    JUR ALLIANCE                   ═════════════════
      SMART LEGAL AGREEMENT.  ESCROW.  DECENTRALIZED DISPUTE RESOLUTION.       ║  JOIN JUR PRESALE  ║   
  ●     WHITEPAPER         TECH PAPER         GITHUB         MEDIUM         TELEGRAM     ●       ═════════════════
Wonza99
Member
**
Offline Offline

Activity: 90
Merit: 10

DeepOnion Rulz!


View Profile
November 03, 2017, 06:57:12 PM
 #318

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.



To this I would summarize not to invest fiat money or BTC

▌▌   Anonymous and Untraceable     ›› ››   DeepOnion  ‹‹ ‹‹     TOR INTEGRATED & SECURED    ▌▌
▬▬▬▬▬▬▬▬▬▬     ANN  Whitepaper  FACEBOOK  Twitter  Youtube  Forum     ▬▬▬▬▬▬▬▬▬▬
▌▌   ••  JOIN AIRDROP 🚀  ••  |||   Download DeepOnion   |||   ✅ Verified with DeepVault    ▌▌
shinharu10282016
Full Member
***
Offline Offline

Activity: 420
Merit: 100



View Profile
November 04, 2017, 12:07:29 AM
 #319

So, how about a decentralized regulator for all these blockchain ? In other industries we have "standards" bodies. Why not such a thing here ?

You can't just put "decentralized' and 'regulator' in one sentence. It beats the purpose of it being called decentralized, in short That doesnt make sense. The very thing about these cryptocurrencies is that no one can hsve control over it except you yourselves who have control over your wallets.

On the other hand, I have nothing against alt blockchains. Instead just like most people here, they love it. Take for example ETN and the upcoming UTN. New blockchains indeed but what can they offer? =)
internaldr
Full Member
***
Offline Offline

Activity: 336
Merit: 100



View Profile WWW
November 04, 2017, 11:01:44 PM
 #320

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.

Safe in blockchain is very important. If there is a security weakness, the system will disappear completely.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 [16] 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 ... 81 »
  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!