Alternative Block Chains : be safe!

[Medisson222]

Hi, I have seen Welltrado wants to be a leading investment company bigger than saltlending with a valuation of 168M usd. Should I invest?

[Lannie25]

In our generation many people establish their own alternative cpins company but we should be careful to this because some people used this modus in order to deceive and scam the money of other people.

[sunnydmd]

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 your advise 
I never be scammed before but still have to be careful.
when the money is not in your hand anymore, it seem to be not so safe 

[crypto mania]

This is a valid warning, especially with so many cryptocurrencies starting every day using airdrops. They force people to download new and not fully checked wallets. I checked few wallets for lately airdropped coins and I found plenty of virus warnings after a simple scan on virustotal scanner.

When members start to ask about this such an airdrop team will tell them that this is false positive and all miners are seen as a virus. Nothing to worry about. I heard such an explanation few times. This isn't true don't believe and never download such an airdrop wallet on your computer because 90% of them will contain a virus to steal all your coins. Especially if stored with other wallets on the same computer.

If you have to participate in such an airdrop try to use an exchange wallet. They will tell you that this isn't allowed but I did it anyway and always get paid.

[wwzsocki]

The blockchain is hosted by billions of computers around the world so that it is not controlled by any single person. Each process in the blockchain network owns a full copy of every transaction or movement of the data on the blockchain, it means that the details and history of the transaction are traced.Despite historically being used to handle financial transactions, the security and reliability of blockchain technology mean that it can be applied to other areas and industries. I think there are three benefits that blockchain technology can provide are an increase in security and trust, Reduced costs and accelerated transactions.

I think from your post that you haven't read OP at all. Gavin warned forum users to watch out and not download new coins wallets on your main computer with bitcoin wallet stored on it because there is a big chance that the only reason behind this new alt is to hijack your private keys using viruses. He doesn't say a word that blockchain is not safe. Read OP before posting, please.

[shadow123]

yes, when we use the alternative block chains we have to think twice security of the transactions.Because all these are the digital currency. If we use the different email address, passwords, 3rd party security access(like google authentication) and different access devices for joining the block chains, we can reduce the risk.

[intel86]

must, if we have important files inevitably must be stored properly so that software can not easily hack our important file file and we must be good at selecting blocks to maintain our files.

[Nelly.G0211]

i think that there are too many alternative blockchains today. maybe, people should stop creating them. but instead develop the ones that we have now, so they would work properly.

[Cojiro]

Thank you Gavin.

The only things I might add is that "use a different password" isn't limited to exchanges, but applies to forums, emails, and even pools Wink , and that some antivirus heuristics seem to hate anything that has mining code in it and isn't explicitly whitelisted.

[BlasterS]

In our generations there are lots of scammers in the whole world. They will tend to do all things in order to steal and get your money;  so we should be careful enough in all actions and decisions that we will made in order to avoid the scams and fraudulent activities in cryptocurrency.

[Findingnemo]

Thank you Gavin.

The only things I might add is that "use a different password" isn't limited to exchanges, but applies to forums, emails, and even pools Wink , and that some antivirus heuristics seem to hate anything that has mining code in it and isn't explicitly whitelisted.

Yes you are correct be aware before something will happen make an advance thing with your wallet and your exchanges and while buying , if you are careless with that you will be loss something unfortunate things.

[BITMAN.r]

Why the sell value is always less whenever I see?

[mrSprinkles]

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 link to the site is here https://goo.gl/YHp2Ya

[Trefud]

XEM (top 13 cryptocurrencies) today should be listed on the Finance (top1 exchange ) , it is very interesting what will happen    

[heinz975]

Join Yocoin Blockchain.


www.yocoin.org
Pool www.yopool.io
Explorer  www.yoscan.io

[JaredWallace]

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.

[FrankLawley]

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

[henry.hn]

Thanks for your warning 

[rauli2017]

Stratis offer simple and affordable end-to-end solutions for development, testing and deployment of native C# blockchain applications on the .Net framework.

[rauli2017]

Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.