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Author Topic: Alternative Block Chains : be safe!  (Read 301991 times)
Onestepinhell
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December 03, 2017, 01:02:34 AM
 #401

What do you think, what awaits the blockade that will create the state?
For me, so far, the balance of power will remain.
While someone of the major players will not begin to make their move.
That's only when it happens to very few people.

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joel68
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December 03, 2017, 02:57:01 AM
 #402

bet u still didnt know about cardano its the best new blockchain today its time to jump onboard

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icochick
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December 03, 2017, 03:53:58 AM
 #403

I haven't read through this entire thread - but I think alternative blockchains are fantastic - they allow for decentralization and open up opportunities for everyone to get involved.  IMO alternative blockchains are the future.
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December 03, 2017, 11:51:53 AM
 #404

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 for the info
joycigar
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December 04, 2017, 04:46:18 AM
 #405

the very good suggestions you provide, with the suggestions you give, forcing me to think far away, your suggestions are very useful to all my especially specially

thanks for your advice
Good luck

soonhy
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December 04, 2017, 04:21:13 PM
 #406

Just like the ICOs, invested those that you are afford to lose and understand what the project is. Be engaged with the people behind and read the White Paper.

Anyway, recently I am looking into one of the Project that you guys may take some time to take a look on this.

For further details you can join the Telegram Group
https://t.me/Novablitz

Or their official website at
https://novablitz.com

kmlkkl
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December 04, 2017, 06:57:09 PM
 #407

Can you share information about the future of subcoins. I have read some information on the future of the Altcoins. I would appreciate your help.

Zizi19231
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December 05, 2017, 02:02:12 AM
 #408

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.
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December 05, 2017, 07:08:31 AM
 #409

I agree with the others who suggested using a separate machine. Especially for newbies like me, because we don't know how to look "under the hood" to check that malware or keylogger is not packaged with any new downloads and installs.
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December 06, 2017, 06:56:52 AM
 #410

LastPass is what I use generate new password when trying a new Alt Blockchains. Profit gains from Bitcoins is trading is what I invest in altcoins and if it loses, no point to worry. But so far Alt Block chains have been successful since most developers want to make a project successful hoping it will turn out to be a new Bitcoins.

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Kryptogeek
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December 06, 2017, 12:48:21 PM
 #411

Stay safe by using a unique password and keeping it secrecy.

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December 07, 2017, 03:28:41 PM
 #412

in a few days, there will be the planned launch of Bitcoin Futures contracts by the CME Group (Chicago Mercantile Exchange) and
CBOE Global Markets. This event is of fundamental importance for the BTC cause many think that this will lead to an increased BTC demand.

It is not clear how this increased demand will appear, considering that those Futures Contracts are settled in FIAT money and not in BTC.

For this reason, there could be a disappointment in BTC demand that could lead to an increased interest in altcoins...so the best for
me would be now to invest a little money in some promising altcoin like Achain, Electroneum and IntenseCoin. The results can
be surprising Smiley

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December 07, 2017, 04:31:24 PM
 #413

I agree with the others who suggested using a separate machine. Especially for newbies like me, because we don't know how to look "under the hood" to check that malware or keylogger is not packaged with any new downloads and installs.
Well, in any case, this will all be improved as the influx of newcomers is very great and will be even more in 2018 as I think and hope. So everything will be fine I think.

zeronumber2
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December 08, 2017, 06:15:37 AM
 #414

. Block chains are not scam, it work.  I’m sure that some people didn’t realize these things before.
Eddy XFC
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December 08, 2017, 05:21:13 PM
 #415

Interesting topic.To my understanding:
a. As with all topics concerning crypto, some precautions need to be taken before providing your full faith.

b. Recent events have shown there is a need for a better infrastructure to keep up with the demand created for crypto transactions.
Randomaze
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December 08, 2017, 05:56:35 PM
 #416

. Block chains are not scam, it work.  I’m sure that some people didn’t realize these things before.
Before many people did not understand, and now governments are starting to implement block chains
I think the government is even profitable to some extent. The implementation of block chains will help them track everyone who has done any transactions. And "cover up tracks" will not work. This is a great database that can not be changed.

De Suga09
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December 08, 2017, 09:07:38 PM
 #417

You can have more than one wallet dat.

You just need 1 portable bitcoin client that can safely reside on an encrypted and backed up volume, and one regular one for day to day tiny stuff. It's not like you routinely send 5000+ BTC, no?

Incidentally, cobbling together a somewhat workable portable bitcoin is pretty straightforward.

This system won’t require a ledger (e.g. a blockchain) and transactions will be exactly like cash transactions, because whether e.g. a coin (which, in this context, is an actual network entity, not just a number) can be sent from this account to that account is decided on the spot (a group verifies the transaction using the owner’s private key), and no history needs to be kept. (It doesn’t mean people couldn’t record transactions for any kind of purposes; it’s just not a necessary part of a transaction.)

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December 09, 2017, 05:05:16 AM
 #418

 :)Thanx for good advice gavin.
Alternative block chain are important on these work.
These new cryptocurrencies are interesting, and it will be fascinating to see how it will all play out.
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Burgergad
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December 09, 2017, 03:32:48 PM
 #419

:)Thanx for good advice gavin.
Alternative block chain are important on these work.
These new cryptocurrencies are interesting, and it will be fascinating to see how it will all play out.
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Yes, there is something to read on this forum and take it into service. But most of the information is of course of poor quality. But thank you guys for sharing information, very informative.

LegionCoin
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December 09, 2017, 06:12:55 PM
 #420

thank you gavin

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