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Author Topic: Alternative Block Chains : be safe!  (Read 306291 times)
arielman
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January 16, 2018, 12:22:30 PM
 #521

hi everyone!
If you are interested in a safe blockchain and exchange, take a look on digitaltokens.io
You'll be surprised to see how fast and secure are all the transactions!
These exchange and blockchain were made to support a new coin, XFC, but you can also trade with BTC, XRP, LTC, DOGE, ETH.
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arunakiran
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January 16, 2018, 07:05:08 PM
 #522

Most of the new coins coming out daily are created by ignorant developers. its scary

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January 17, 2018, 11:00:18 AM
 #523

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 for advice. Absolutely agree with use that better to be sure about what you begin or do. But sure we have some risks in any way. Sometimes it’s just work for our intuition Cheesy
ldarkl459
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January 17, 2018, 12:20:46 PM
 #524

Thanks for this simple yet bright reminders. I'll keep it in my mind.
diwataluna
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January 17, 2018, 01:23:13 PM
 #525

Gosh, the original post has been 7 years old. And still very relevant! There are so many wallets abailable now and in a desire to try things, some users disable their AV. Newbies forget to use virtual machine dry runs. I am guilty of that but have learned my lesson.
colautronggio
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January 17, 2018, 05:14:12 PM
 #526

Thank you for sharing your knowledge with us, Gavin! It`s very useful for all of us.
have you nice days
v.stekelenburg
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January 17, 2018, 06:34:22 PM
 #527

I thought the way I was handling crypto’s was pretty safe already. But you showed with a few points it could be much better. I’m going to look at it again step by step. Thanks!
serejanice
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January 18, 2018, 10:32:26 AM
 #528

All these years later, this advice is more important! So many blockchains being developed because we now have ICOs, so many tokens created by anyone with an idea. Beware is a message that we must stick with, especially with BTC at about $20,000 -> greed will overrun common sense. Thanks for such a great post,
HERMESH KAUR
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January 19, 2018, 03:56:21 AM
 #529

Some steps must be taken which are good enough to protect your systems to be hacked such as not to use unknown exe, use of linux which seems to be less vulnerable to virus.
khungcuaso11
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January 19, 2018, 04:47:02 AM
 #530

Thank you Gavin for the your post.
 It's very rewarding, but there are a few things i don't understand. Roll Eyes
 Many thanks.
 Good luck!
lalapopo
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January 19, 2018, 07:19:19 AM
 #531

FUD is normal in crypto world haha, we need to be extra careful with our money
read whitepaper, read article, absorb everything and Do Your Own Research Cheesy
barkley_barkley
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January 19, 2018, 09:35:19 AM
 #532

Simple and good recommendations.

Thanks! I will always keep in mind.
easemypain
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January 19, 2018, 12:41:57 PM
 #533

Basic component which are vividly highlighted in the arcblock platform, this gives it an upgrade of blockchain 1.0 and blockchain 2.0 from the predecessors of bitcoin and ethereum respectively.
Open chain access protocol:
Cloud nodes:
Incentives for self-evolution:
Blocklet:
 Though stumbling blocks are inevitable but there is high hope the project will comes out great. thumb up Arcblock community.
further informations on ArcBlock Official Website: https://arcblock.io



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January 19, 2018, 05:03:19 PM
 #534

Thank you Gavin

information that is perfect for me, because I need to think how to invest money for bitcoin or other digital money.
now I am trying to change the way thinking is for the sake of success like you. please guidance so I can

CryptoMishka
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January 19, 2018, 06:54:06 PM
 #535

Gosh, the original post has been 7 years old. And still very relevant! There are so many wallets abailable now and in a desire to try things, some users disable their AV. Newbies forget to use virtual machine dry runs. I am guilty of that but have learned my lesson.
Why are you wondering? Is not now appeared many phishing sites, hacked accounts exchanges (Etherdelta). Quite often in the news and telegrams of the groups there are news about burglaries - now this topic is more urgent than ever.
The Demon Slick
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January 20, 2018, 01:20:13 AM
 #536

The first person to invent a coldwallet that takes any coin will be very wealthy. I was just complaining in another thread that you have to have so many wallets,  each with its own key, password,  file, each to be airgapped, each to never ever be lost or that's it forever. It's going to be awesome when cold storage technology gets up to speed. Put it on your stick and rest easy, one seed for everything if you lose it. I don't generally use any of the altcoin software wallets except sia, and I read all about it first. That's not to say it can't be compromised in the future but nothing's perfect. I wouldn't dl anything too new, even if it makes me miss out on something.
easemypain
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January 20, 2018, 11:21:54 AM
 #537

Arcblock is a revolutionary platform, a comprehensive problem solving, new ideas and design that combines blockchain technology and cloud computing, unlike its predecessors that focus mainly on the “store of value” and “smart contract” built on their blockchain. For the miners is an incentive-driven platform that gives offers aside the traditional services they rendered-‘computing services’- they can also provide new, recyclable component and services. no course to worry about alternative blockchains. Arcblock is here to stay.

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Jamesbond1991
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January 21, 2018, 12:35:48 AM
 #538

Where is satoshi nokomoto 😮 sir

I just wanted to know why he stopped  Kiss tweeting here Smiley
also ask 1 btc since i have none


👍 sorry , i love this discussion but found hard to understand


jennerpower
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January 21, 2018, 03:21:55 AM
 #539

Wow! I think this is very interesting! I'm planning to try this one. I don't know what's the mechanics yet that's why I love to read here in the forum I can learn many things from here. I also know there is a risk here but I think it would be better to try this one! Thanks!

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zzzatochi
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January 21, 2018, 11:08:39 AM
 #540

very good advice, thanks!
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