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Author Topic: Alternative Block Chains : be safe!  (Read 298901 times)
Adilfx
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February 27, 2018, 05:41:28 PM
 #681

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,

Its a natural progression of any industry, however if you look at the mobile OS market its been dominated by a couple, in essene the alt-coins will undoubtedly be dominated by a handful, we anticipate significant consolidation in the virtual currency space in 2018 leading into 2019, particularly with the G20 in the latter months of '18 causing friction
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Tuan Kuan
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February 27, 2018, 08:36:51 PM
 #682

What a nice piece of advice. This is an eye opener especially for newbie. Thanks  Wink

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WakinXXX
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February 27, 2018, 09:28:34 PM
 #683

Good advice.

Using different commputers can help with this problem . buuuut, much people have one unsafe profile . Fortunately I have multiple so I can use some of my alt-miners to do this safely.

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February 28, 2018, 10:17:25 AM
 #684

A very good advice. Using an alternative cryptocurrency client would be a great way to get people to install hidden viruses targeting Bitcoin users. essentially always make sure the security in every transaction and we must first understand what happens in the market in order to deal with it.

Hi,
I wanted to ask if i am secure
Today we have google authenticator and two step verifications to authorize all accounts and transactions
this means that other than myself no one else can login or perform any sort of transaction on my behalf
what else can go wrong other than that?

sorry i am curious and very conscious about my security issues
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February 28, 2018, 04:37:26 PM
 #685

Guys have you heard of this new ICO? It sounds interesting.... browser using the blockchain technology allowing you to access any website like blocked ones and deep web ones without the internet provider knowing. Check it out   https://blockwebico.com/
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February 28, 2018, 06:25:50 PM
 #686

When i entered crypto, i actually use same username and passwords on some of the first sites that i signed up. Then one time it come to my senses that, what if i get hacked. All my accounts would be affected, an it wasnt good. Then i tried to change everything, starting on my email. And now i can say i can make a book out of my passwords and username. lol. Its better to be safe than sorry. But im making sure that i backed up all of that incase things would mess up.

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stooky
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February 28, 2018, 09:27:13 PM
 #687

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.



Another option is to use an old laptop for this kind of testing. Do not keep anything valuable on it. You can pick them up for pretty cheap, and for those of you who aren't good with virtual machines, etc. it might be a simple solution. You can always use it as a back browsing computer, etc.

Crypto fan.
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March 01, 2018, 02:46:59 PM
 #688

I sincerely think that this posts needs a good update after we have seen so many blockchains and forks of varying hue and colour.

olsen45
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March 01, 2018, 05:45:53 PM
 #689

i do create a virtual machine session just to be safe. We can never be sure on everything we check on the internet.
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March 01, 2018, 06:41:52 PM
 #690

alternative block chains is really a good topics to be more conscious or to be safe. i sincerely think that it is a strong impression and block chain works for everybody

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March 02, 2018, 02:51:09 AM
 #691

Great advices realy but today everybody are in some kind of isteria about hype with crypto and want to ddo easy money investing in everything they could see. How are you advise to me to check the project if i haven't programming skills?

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March 02, 2018, 09:21:51 PM
 #692

alternative block chains is really a good topics to be more conscious or to be safe. i sincerely think that it is a strong impression and block chain works for everybody


really agree with that even in my opinion blockchain is one of the latest technologies that everyone can enjoy
With a variety of advantages I definitely blockchain will be used by everyone like android today
not only in blockchain cryptocurrency to spread widely and adapted many tools and technologies

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March 03, 2018, 02:56:57 PM
 #693

Thank you Gavin.
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March 03, 2018, 03:39:31 PM
 #694

Suas informações são valiosa Obrigado pelo alerta.

Gidione Aguiar
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March 03, 2018, 09:08:06 PM
 #695

Thanks for the info and security tips. There are many altcoins out there today which can confuse a newbie or less experienced trader which to invest in

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alinexd001
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March 03, 2018, 11:02:51 PM
 #696

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zenonramon
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March 04, 2018, 12:43:03 PM
 #697

This is terrific information. Garving. i wanted to join the bitcoin train a year ago but i was skeptical and paranoid about malware and virus. This is has given the chance on knowing hw to let it work
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March 04, 2018, 06:16:11 PM
 #698

Alternative blockchain is the future of cryptocurrency. A new cryptocurrency or alternative blockchain gives us the opportunity to achieve something greater because each project behind it is bringing something new and innovative in this world.
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March 04, 2018, 09:58:22 PM
 #699

Although I don't think the fiasco with Namecoin is over and I do believe we have made it hard for BitcoinExpress.  With that said I looked into the block chain rewrite this is real and can be done while lagitamitly mining bitcoins.  This exploit is quite scary for Bitcoins as a person with 20% of the hash rate can write the block chain.

The good news is it can be fixed and Namecoin is a test of such fixes.

I would STRONGLY suggest you look into this Gavin.
thank you very much for the very special information

Gidione Aguiar
Spiero7
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March 05, 2018, 09:13:16 AM
 #700

I do not think a development such as this should become something people should start running or Fudding about. Alt blockchains will offer a different thing from what we have seen in Bitcoin, for me, its development for the entire crypto community. My perception anyways.

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