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Author Topic: Alternative Block Chains : be safe!  (Read 303564 times)
AbuBhakar
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November 12, 2017, 03:47:32 AM
 #341

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 also me i have one phone, how can i do this safety?

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Burgergad
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November 13, 2017, 02:56:13 PM
 #342

Good advice so as not to get caught by scammers who will use your pc's resources

Now it's very easy to get to scammers, I constantly hear that all sorts of viruses are simply massively launched in order to steal our crypt from us and every day they are more inventive

william8829
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November 13, 2017, 10:03:14 PM
 #343

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 also me i have one phone, how can i do this safety?

Smartphones do not have good security.  If you must use them for for holding Bitcoin I would back up your entire wallet to an external drive.  Then i would do a factory reset.  Restore you wallet.  Do not download any 3rd party software.  Do not connect to public wifi.
truncus
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November 14, 2017, 06:29:42 PM
 #344

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 also me i have one phone, how can i do this safety?

Smartphones do not have good security.  If you must use them for for holding Bitcoin I would back up your entire wallet to an external drive.  Then i would do a factory reset.  Restore you wallet.  Do not download any 3rd party software.  Do not connect to public wifi.

The most reliable way is PaperWallet. delete everything in the computer and on the phone. Print as PaperWallet. Smiley Smiley

WalrusFeatures
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November 15, 2017, 12:09:19 AM
 #345

I like to run a multiple raspberry pi's for coins I'm staking.

I have no idea what is in the code I'm compiling when making a wallet so I prefer to keep them separate.
khichariya1
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November 15, 2017, 03:12:28 PM
 #346

This technology is mainly described as a platform to share and secure ledge and The main aim of this start-up is to be the alternative block chain is very safe!!!!!
bitcub
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November 15, 2017, 03:21:46 PM
 #347

I heard there a some ICO projects created to replace blockchain. Like IOTA, and many more. They promote a more secure and faster system. So this means this is a threat to Bitcoin and to other altcoins someday.
In my opinion we should consider investing into it. This might be our chance to become an instant whale someday.


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cj9498
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November 15, 2017, 07:50:04 PM
 #348

Hey Guys

Full disclosure, I think this is an awesome discussion, I am just getting into Alt-coins as I am a marketing consultant for an ICO called Work coin! WorkCoin is the first crypto-currency for work. It adds a new protocol for payment, with escrow and arbitration. Holding funds in escrow until jobs are complete protects both buyers and sellers. Independent arbitrators handle dispute resolution in real time across multiple marketplaces.
So I know a lot of these groups get some spam, And we just have an honorable coin thats going to do some damage in the market! If you guys have any questions Hit me up. Oh by the way the name is Charles!

Video Explanation:
https://www.youtube.com/watch?time_continue=16&v=7g3XFAKpt-UWebsite:
Workcoin website:
https://workcoin.net/

If you guys use telegram we are giving out some physical coins, and shirts! There is also a lot of chat going on as well about different people interested!

Join If you want Smiley   

https://t.me/joinchat/GYZ-SQ-darNcXjmS-V-jow



 
ankit05
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November 16, 2017, 04:38:39 PM
 #349

Blockchain with popular media, the prototypical system used to explain blockchain  is the bitcoin network. it is useful to thing of three main types of block  chain or distributedledger blockcahin exists at the cross- over between economics and technology. To apply it effectively, we need to understand both side of its personality. 

Burgergad
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November 16, 2017, 05:04:30 PM
 #350

I heard there a some ICO projects created to replace blockchain. Like IOTA, and many more. They promote a more secure and faster system. So this means this is a threat to Bitcoin and to other altcoins someday.
In my opinion we should consider investing into it. This might be our chance to become an instant whale someday.
Such projects appear constantly, as the developers of these projects understand that there is a lot of money in securing the blockchaine. And such projects will appear even more in the future, I think that this is necessary and good.

jhonjhon
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November 16, 2017, 08:00:28 PM
 #351

Blockchain with popular media, the prototypical system used to explain blockchain  is the bitcoin network. it is useful to thing of three main types of block  chain or distributedledger blockcahin exists at the cross- over between economics and technology. To apply it effectively, we need to understand both side of its personality. 
I don't feel security or any assurance for having this alternative blockchains. Playing safe is the best way to be far from being a victim of hackers and we should take this seriously because there is chances to happen to us if we don't mind this.

A Fahriz Thiago
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November 16, 2017, 09:39:57 PM
 #352

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,
A very useful sentence for all of us to know about what bitcointalk is and all the doubts in it.

TheBestCryptoInvestor
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November 17, 2017, 03:00:27 AM
 #353

Do your own research and never take anything for granted without checking.
Owlpoultry
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November 17, 2017, 08:41:53 AM
 #354

Your counsel is very candid,although it requires a lot of rigour and discipline to folow through the procedure you prescribed.
But its is indeed a worthy effort if one intends to invest a good amount of funds in it .
Thank you all the same
raphbaph
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November 17, 2017, 09:35:10 AM
 #355

In the light of exactly this security risk being present in the current Bitcoin Gold hard fork I wrote a short blog post on the security issues:
http://theband.at/?p=302
Owlpoultry
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November 17, 2017, 10:56:05 AM
 #356

In the light of exactly this security risk being present in the current Bitcoin Gold hard fork I wrote a short blog post on the security issues:
http://theband.at/?p=302
I'll check it out and give you a response
Zicker188
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November 18, 2017, 07:01:26 AM
 #357

Thanks you! Information is very useful. Looking forward to receiving your many articles.
Burgergad
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November 18, 2017, 06:26:58 PM
 #358

Do your own research and never take anything for granted without checking.
I agree with you, and even less to listen to people around you, but only those who owns a lot of experience and money. But sometimes faith is a useful thing, since it happened with bitcoin, if not for faith, I would have long sold all my bitcoins and would not have waited for the price of 8 thousand dollars

Medow
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November 19, 2017, 07:40:27 AM
 #359

Thank you for sharing this piece of information with us. I am a beginner so I don't know very much, but I will learn slowly
leepfrog
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November 19, 2017, 07:55:18 AM
 #360

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.
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