Alternative Block Chains : be safe!

[RAmondragon]

Which altcoin should we trust? A lot of altcoins are out there but which one to consider the best or the safest?

[1715172852]

1715172852

[1715172852]

1715172852

[1715172852]

1715172852

[1715172852]

1715172852

[1715172852]

1715172852

[sudnokpok]

Good advice. Using an alternate cryptocurrency client would be a great way to get many people to install a hidden virus that targets Bitcoin users.

[zelebobasezam]

Author message is from 2011, but this advices will live forever. Thanks for it.

[Old God]

good theme Gavin, many advices that are still actual now, but time has passed, almost 7 years, so we can change there is a some strong and save alter crypto, that has a big capitalization and a good reputation, and ppl belivie in it and invest and make products related to them.

[Virtonomics]

Virtonomics is a business strategy game based on real world economy. The game has been on the market for more than 10 years with a huge pool of individual players and business customers (2 million registered users worldwide), constant in-flow of new clients and a top position in Google search.

With the fast spread of blockchain technology, Virtonomics is introducing a new dimension to the strategy game experience - cryptocurrency Virtonomics!

The game is aimed at those users who have little or no experience with blockchain and cryptocurrency but have a much better knowledge of how businesses work and enjoy a far better understanding of how to grow their virtual projects.

Very few venture mining because it involves huge maintenance bills and takes a lot of specialized knowledge. Virtonomics leaves block mining to professionals and introduces a new concept of «digging» as an activity which can be done by the general public. Digging generates tokens and awards them to people according to the results of their activities.

The essence of Virtonomics’ concept and platform can be summed up in a simple formula:

CRYPTOCURRENCY = BLOCK MINING + RESULTS OF PURPOSEFUL HUMAN ACTIVITIES, UNDERSTOOD BY AND COMMON TO A LARGE NUMBER OF PEOPLE

How does it work?

Users build and expand their virtual companies and earn cryptocurrency with digging. In the process of digging special «fuel» - called Virts - is produced. For digging players need special game tools such as virtual mines extracting natural resources, virtual mining farms, virtual power plants etc. They can be purchased for VIC tokens. The user can convert each 100 Virts earned in the economic simulator into one VICoin (VIC) and later withdraw it from the game to the outer market.

However, players are not obliged to purchase the game assets. This will only speed up the process, but the project assumes that the players can start playing without any investments on their part, and they can earn a lot of «fuel» just by making their virtual business successful.

The key competitive advantage of crypto Virtonomics is that it addresses the general public with a basic understanding of blockchain and mining. Thus being a new dimension of a well-established game it can use its current pool of players as a base for the new game. Moreover, there can be little doubt that the project will attract the attention of the general public due to is simplicity and availability for those who have little knowledge of cryptocurrency production.

Virtonomics gives a new dimension to the mining process and makes VICoin a mass cryptocurrency. Click here: https://virtonomics.io

[explorecrypto]

Are there any websites or tutorials that I can visit to update my knowledge on the new & upcoming block chains?

[ngoctoan113]

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 , and that some antivirus heuristics seem to hate anything that has mining code in it and isn't explicitly whitelisted.

[dknight456]

Just a side note here. I recently saw, having nothing at all to do with crypto currency, a specific virus type that can operate inside and outside of a virtual machine. Now this particular think doesn't really apply here because it encourages the people to download app reconstructed virtual machine image, and then it outside file allows that virtual disk to be opened even while the emulator is not operating.

[vadimkavp]

Are there any websites or tutorials that I can visit to update my knowledge on the new & upcoming block chains?

The Internet has a lot of information on this question. You can also use the official resources alternative blockchains. They have all the details of their technology.

[pedromonteverde]

Are there any websites or tutorials that I can visit to update my knowledge on the new & upcoming block chains?

The Internet has a lot of information on this question. You can also use the official resources alternative blockchains. They have all the details of their technology.

I think the first thing you have to notice is the White paper of that project. Everything of that project was in that one.

[fuer44]

thanks gavin, your advice is very helpful. even though it was 7 years ago. at this time, I think the security system from this block chain is very well preserved. maybe, is still prone is exchanger. as happened yesterday on etherdelta.

[huydavid]

The alternative block chain must be safe because it has been a source of income to many people. This alternative block chain has already helped so many people and from that it has been a very good help to everyone. Knowing that this block chain has provided financial needs of the people.

[Striker17]

There are so many alt coins,its so very difficult or hard to find the best alt coins. We couldn't know which alt coins should we trust. 

[mirgo1791]

as developer works on service to deliver offers to the public audience, the use with the customs of arrange as managing issues with the financials should have with the distinct on arrange as might the relation to comes with the good collateral position between each of compromise action to maximize the use of service to gains of collectives and delivering goods of kinds with the work on dedication.

[Malabarka]

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.

The author is absolutely right. Those are 3 rules everyone should follow.
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.
I would add another rule. If You have one computer do not use windows. Protect yourself from viruses and install Linux. We can say that these prevail applicable to any job on the Internet.

[sudnokpok]

Most of the new coins coming out daily are created by ignorant developers. Now that's scary. Very, very scary.

[rammanbl4]

Thats right, im using more then one pc so i can mine easy. Not like other with one pc. Also what is important to use legit windows, not to use pirate windows. And with that you can make serious money as i do.

[jiithuusa]

Puthiyadath Jithesh:
AIRDROP ALERT!  Receive FREE EtherBTC!  I just registered for the EtherBTC 2018 Airdrop and you can, too!  Go to http://clicks.aweber.com/y/ct/?l=Hoizy&m=kXm5gJ19ts1YO_2&b=RGv9dFwwzSBgx0DrYZDGWg today!

[sudnokpok]

The point is always ensuring safety in all transactions. There are alternative block chains really are coming out and many altcoins are also out in ICOs and Airdrops, but this things are always at our own risk. It is always up to us on how how we comprehend on whats going on with the market that we are into.

[emma46]

This is true, a lot of block chains have actually emerged in the internet. As always people never change, despite the ease of earning money through cryptocurrencies, they still want an easy and illegal way to earn. That's why we need to be more mindful on the block chains that we want to use when we are dealing with our coins.