Topic: Alternative Block Chains : be safe! - page 49. (Read 1621183 times)
Generally, if you have a large amount of bitcoins on a given PC, being extra-cautious about third party software (be it an Alt-coin client or a particularly fancy casual game) is advisable.
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.
Tnx very much . I will use) 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.
it is always necessary to carefully study the information before investing. not all means are superfluous and free, therefore, in order not to stay at the broken trough, study the market. or take risks, but take the risk justifiably 
i kinda lost track whether this chat is about block chains or ICO's.
But anyways, we all know a block chain works, impossible to hack and could actually be put to good use around the world.
ICO's now that's a touchy subject and certainly the main cause why new investors are scared to invest in new projects. My advice, if its not your mother running the ICO, don't invest.
Im not saying all ICO's are scams, so if you really like a project wait for it to go onto an exchange and then invest if you still feel the same. 9/10 times you could probably pick it up for cheaper after the launch. If not rather put your money into a well established coin, BUT always do your own research.
But anyways, we all know a block chain works, impossible to hack and could actually be put to good use around the world.
ICO's now that's a touchy subject and certainly the main cause why new investors are scared to invest in new projects. My advice, if its not your mother running the ICO, don't invest.
Im not saying all ICO's are scams, so if you really like a project wait for it to go onto an exchange and then invest if you still feel the same. 9/10 times you could probably pick it up for cheaper after the launch. If not rather put your money into a well established coin, BUT always do your own research.
It is a helpful advice,thanks you!! Because all we know that there's so many altcoins and it's difficult to find what's the best altcoin that is not scam, that we truly can trust. But the most important how to be safe is don't ever ever give your private details to anybody, if possible change or use different password for your email to see your coins to be safer!!!
yes, of course, this is a big risk... the main economic rule for the purchase of any asset: a large profitability is a big risk, a small profitability is a small risk. This rule really works. A risky person to be by nature, unfortunately I am not such a person 
Also, don't believe everything that prominent members of the Bitcoin community have to say about alternative chains. In particular, I know some people think that the number of confirmations doesn't matter and all that matters is the total expected time of the confirmations, so that 1 10-minute-average confirmation is more secure than 3 3-minute-average confirmations. If you read Satoshi's paper it's clear this isn't true; the number of confirmations is actually more important because transaction security increases exponentially with more confirmations. (His paper has approximate figures; you'll notice that accepting 1 and 2-confirmation transactions is fairly risky.)
I agree! Security issues in the deal are asking a lot of questions. But for me, confirmation of 2 to 3 times is not enough. In order to be safe, people need to find more effective, convenient and easy-to-use methods.
Don't invest more money or time than you can afford to lose. 
)) thanks you ))
)) thanks you ))
A new cryptocurrency gives us the opportunity to achieve something greater because each project behind it is bringing something new in this world. I think more altcoins is better to us to invest, because BTC is so expensive
The Soviets seem to be obvious, but for some reason they fall out of ordinary understanding. And so it is precisely those problems that arise in front of every newcomer in the world of crypto-currencies. 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
Hdac is not just jumping aboard a technological innovation, they are turning it into a technological revolution. Hdac implements a specific authentication scheme by applying a Quantum Random Number to eliminate the possibility of hacking. With great blockchain comes great responsibility. Hdac keeps you safe. The point is always ensuring safety in all transactions
I have heard of oneCoin who has a private blockchain I feel sorry for people when I hear that they ha invested in oneCoin. 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
Hello,
By when can one expect ether to grow significantly?
By when can one expect ether to grow significantly?
guys, how do you get security prospects for the new SONDER ICO?
I'm interested because they are soon starting pre-sale and I like their road map and bonus system!
an excellent project for e-commerce, I want to use it to pay for crypto currency in my online store. March 25 just the pre-saleI'm interested because they are soon starting pre-sale and I like their road map and bonus system!
Yes, pre sale will start soon there is a good bonus system
guys, how do you get security prospects for the new SONDER ICO?
I'm interested because they are soon starting pre-sale and I like their road map and bonus system!
an excellent project for e-commerce, I want to use it to pay for crypto currency in my online store. March 25 just the pre-sale I'm interested because they are soon starting pre-sale and I like their road map and bonus system!
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BlockChain is very reliable and nice technology. I need to congratulate you on revealing a really nice mind.
Thnx for your advice!! Now i know what ill do next!! Thanks a lot of you advice!!
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