3 dice sites went down lately too !
so it's not just gambling sites, pools and exchanges or online wallet providers.. and yes exchanges too !
but what can we do about them all ?
- warn people
- avoid them
- keep coins on your own pc
You know, everyone says that - keep coins on your pc. But that has risks too.
Most people don't know how to properly secure their computers and are non-techies who'd find the instructions too cumbersome and complicated.
And others, for fear of getting dumped on overnight in a flash by the likes of IconicExpert and other whales, keep their coins on exchanges for fear of ending up last at the exit if a coin should suddenly dump.
Fact is, until decentralised markets happen and become more accessible and user-friendly, there are no easy answers for anyone seeking to avoid risk, except to stay out of alts altogether (but then you're exposing yourself to more fiat risk and inflation
).
Ya i have had a beating or two leaving my coins i knew were in a risky position.. then came back to see prices tanked over night.
i swear in the old days guys would cash out like mad on Cryptsy late at night USA time zone and buy back in the morning.
i uses to flip coins on the trend for profit from that it was so predictable..
but after the great noob flood that seemed to have changed.
i was telling a guy on Poloniex chat last night how to use the Multibit (Java) Bitcoin wallet to back up his private keys and wallet.dat file to USB.
i guess all the guys who spam and hype HYP coin etc were all too tired from advertising to bother trying to help ?
anyway the guy had been around for a while and had no idea about any of that stuff and was not even aware that a private key is different than a wallet password LOL
i think he thought writing your wallet password onto a piece of paper was what is referred to as a Paper wallet ahhahah
so i helped him and said don't worry i too was kind of late looking into that stuff in Crypto too !
as in.. i did not look into it all, right away.. i didn't care.
PRO TIPS CORNER - with SPOETNIK:Multibit gives you the wallet.dat file and your private keys held only on your own PC for security goodness
It also uses a hybrid system for the block chain so you won't have to wait weeks downloading the Bitcoin block chain..
my favorite BTC wallet !Then you can export and import you private keys (for possible paper wallet options) or backup just the wallet.dat file to where ever you want.
It also works so the data is on your own PC so it's not vulnerable to an online wallet service attack.. unlike some other wallets etc.
A new version of Multibit was previewed before i seen too.. the devs are working on a brand new massive UI over haul and new features etc
the new wallet will be geared towards making it easy for Grannies to use Bitcoin.. a dumbed down style i think.
Lastly.. be careful what type of activity you do with a Cell Phone and any wallets for ANY coin !
If you drop your phone and some guys picks it up ? ..he can be at home taking the wallet.dat or passwords etc off your phone before you can blink !
Trust me phone protection system are ALL a joke
And i sure hope your wallet.dat files are not getting uploaded to some iCloud ahhahahaha
oh noes haxors fappen to have yur dat'z
