Alternative Block Chains : be safe!

[pokeviktor]

Even if you have taken all the security precautions on the computer you work with, you can still lose your crypto money in some way. 
For this reason, it is a good idea to use a second computer and not to use it for any other business except for the second computer crypto buying and selling. I work this way too.

[mspaintboi]

How about just stay away from all the small market cap non institutional backed stuff. Rule of thumb is if its not on a serious exchange like poloniex, bitfinnex, or binance then its probably a scam

[cryptonator777]

Not all the alts are scam, but there are many.
It's a must to run a background check when you are investing in cryptos.
Use 2FA.
bookmark  exchanges to avoid phishing.

[Burgergad]

Even if you have taken all the security precautions on the computer you work with, you can still lose your crypto money in some way. 
For this reason, it is a good idea to use a second computer and not to use it for any other business except for the second computer crypto buying and selling. I work this way too.

Better even have a few computers. I do so, I have 2 regular laptops on which I trade and other business, and there is also an apple computer almost clean and with one of the best antivirus, on it I make transfers and work with purses. I think that it would be right to do it.

[Jamjam nitsuga]

well explained... godbless dude...

[CryptoBeetle]

Hey, I feel like the things you listed out here are just right. You can't expect to not be 'FUD'dy. Surely, those who say we shouldn't, are too. It is all about risks. It is good to have precautions still. I quite agree with your list.

[mikecal]

Change password every 6 months, anti malware and anti virus must be present in our device and the Use 2 factor authentication in exchanges and emails: This can be helpful. Better secured than sorry.

[thecoinhodler2017]

Hi, I'm looking at www.rebellious.io coin. their wallet asks for a private key. Would you create a MEW just for one token? I don't feel comfortable using one with eth in it.

[KrLos]

Great advice. Security is above all.
If u don't want your computer to be hacked by scammers, have a reliable antivirus, be careful with third-party software, and also change your password more often.

[geraldgold]

Nice. tips.. glad to read that from legends..

[mariaana]

Alternative Blockchain is the future of cryptography and we cannot do away with the new innovations.  In order to keep secure our anonymity, storage and applications, stronger passwords are encourage.  Other new alternative  blockchain asks a double verification security.  However if doubtful of the new bitcoin altchain, dump those that ask your private key or password . Greater probability is, it is a scam.

[BlackRock]

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 bitcoin is so expensive

[mark laurence tanig]

Every other technology has come and gone in waves, before breaking through to the mainstream. There will be boom and bust cycles on various blockchains. However it does seem that BitCoin has withstood everything thrown against it at this point.

Also, we still don't know where it came from. Whoever the organization is behind BitCoin, they are likely very powerful. Powerful enough to eliminate rival blockchains? Quite possibly. Look at the Silk Road, he had hundreds of thousands of BTC and was organizing hits.

Alternate blockchains built on deep state platforms like Microsoft and IBM might be a less risky bet.

[needfix24]

Thanks for this comprehensive information. Its worth the time to read this, We can learn lots of things here in our forum. Keep it up guys.

[howardhoward]

The most secure wallet is a hardware wallet, and one where you have full possession of your private key, and assuming no one else knows your private key it is more secure than paper-money in the bank.

[Oleksandr1986]

I see a lot of useful information here. thank you to the specialists.

[shinjunobi09]

Yeah definitely if we are investing on alternative coins we should invest less on what you think is budget wise in in terms for investments you made. Because you should never take a higher risk for something which is not yet tested although in pin your interest regarding their advertisements and try and experimenting first to test if it succeed then go ahead invest if not stop.

[howardhoward]

Every alternative block chain must pass the test of time. Before it we can't make a real conclusion.

[cellard]

Just realized how this is a sticky post by Gavin Andressen itself. It's pretty funny in retrospect to see Gavin Andressen supporting alternative blockchains, since he has been pro Bitcoin XT, pro Bitcoin Classic, pro Bitcoin Unlimited, pro Bitcoin Cash... and the list goes on, which are all, or attempts of, alternative blockchains, when a couple of years ago he was advising against them.

Several other developers are now even making their ICOs (Jeff Garzik et al).

This is good to archive for historical purposes.

[bestbiz9]

I think we should first have a detail study of other alternative block chains and then select the write one.I am a Newbie, we may use different virtual machines.We should first know whether it is a scam or it is a right thing before spending money and time on it.