Alternative Block Chains : be safe! - page 52.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: ?? on ??

Alternative Blockchain can be a real fake sometimes.

Fake and scam, this is why Gavin made this thread to warn others that we should have our own judgement and can follow the tips he given through points at the OP.

Quote from: BITMAN.r on March 16, 2018, 05:11:40 AM

Hello all!

Is it possible to later change our coins from ethereum to bitcoin?

Hi, do you mean atomic swap?

For now you can exchange your ETH to bitcoin or vice versa with the use of exchanges. That's the easiest way of changing or converting any of them as you wish.

BITMAN.r

newbie

Activity: 112

Merit: 0

Hello all!

Is it possible to later change our coins from ethereum to bitcoin?

X756U

newbie

Activity: 29

Merit: 10

Quote from: ?? on ??

Alternative Blockchain can be a real fake sometimes. In my country there were some such cases. But do anybody know such crypto currency as YoCoin? Will it be profitable to buy it or to mine it? How do you think? Does anybody have any experience?

It is easier to mine then others. It has another special algorithm – Scrypt –mining. Because of its simplicity, there are lots of miners all over the world, who prefer to mine only this crypto. It can be done even by your grandma.

rauli2017

newbie

Activity: 112

Merit: 0

MONERO- Private Digital Currency Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that othe

onionpepper

newbie

Activity: 66

Merit: 0

This is a very helpfully advices. I actually apply the last advices.
Because I do not have enough time to check source code, I only read the whitepaper.
So, I only invest what I can lost.

lhgirl

newbie

Activity: 36

Merit: 0

Quote from: rauli2017 on March 15, 2018, 01:40:35 PM

Steem powers Smart Media Tokens - Steem is a blockchain-based rewards platform for publishers to monetize content and grow community.

Is it about bounties and airdrops again? All functions are the same like here?

mrSprinkles

full member

Activity: 265

Merit: 100

Quote from: Gavin Andresen on September 09, 2011, 09:21:18 AM

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.

3) Use a different passphrase at every exchange site.......This is really wonderful advice, thanks )

rauli2017

newbie

Activity: 112

Merit: 0

Sia - Cloud storage is about to change. Sia is a decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers.

rauli2017

newbie

Activity: 112

Merit: 0

Steem powers Smart Media Tokens - Steem is a blockchain-based rewards platform for publishers to monetize content and grow community.

rauli2017

newbie

Activity: 112

Merit: 0

Lisk makes it easy for developers to build and deploy blockchain applications in JavaScript. Join the leading ecosystem for world-changing dapps.

VelascoMark20

newbie

Activity: 90

Merit: 0

That's great advice you have there mister Gavin, thank you. I'll take note of that and be more careful so that i can avoid scams and prevent viruses. It's worth reading your thread.

GoldnOil

newbie

Activity: 63

Merit: 0

Quote from: Gavin Andresen on September 09, 2011, 09:21:18 AM

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.

I never gave it a real thought but after reading your thing, it makes sense... security should be seen from all angles. Thank you for sharing your view....

thaovtt210

newbie

Activity: 98

Merit: 0

It is not necessary that all the Alternative Blockchain are risky. There are upcoming blockchains which is exceedingly superior than many existing project.
One of them is Hdac, It is the world's first IoT Contract & M2M Transaction Platform based on Blockchain. 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. keep safe

AlexS_off

jr. member

Activity: 140

Merit: 1

I am sure that an alternative blockchain will become a future for cryptocurrency. Thanks to him, consumers will have new opportunities to achieve this goal. For this reason, it is now very important to develop new cryptocurrencies, because the only way to make the world of cryptocurrencies better and safer.

bitcoinFPT

jr. member

Activity: 145

Merit: 2

Quote from: jostorres on September 02, 2017, 07:33:23 AM

Quote from: Gavin Andresen on September 09, 2011, 09:21:18 AM

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.

Thanks for letting me know a useful knowledge in the online

VSOP_VSOP

full member

Activity: 280

Merit: 100

Yeah i heard about that, i'm sure future will be in something like that type of alternate blockchains.

Mr.Been

member

Activity: 322

Merit: 10

the very good suggestions you provide, forcing me to think about, your suggestions are very useful
thanks for your advice
Good luck

tprabash

newbie

Activity: 63

Merit: 0

Alternative block chains is very safe i think all alternative block chains are same action compare to bitcoin

1jaffa1

full member

Activity: 280

Merit: 104

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,

lhgirl

newbie

Activity: 36

Merit: 0

Quote from: ?? on ??

- ICO LETBET has sold 14M LBT with price $ 0.8 only in 6 days.
- Round 2 started with the next 14M LBT with price $ 0.9.
- Letbet ICO from March 6 to April 5, the amount of LBT that is not sold out will be burned to create scarcity, fast hand to ICO extremely potential.

🍁Website: http://let.bet
🍁Telegram: https://t.me/letbetcoin
🍁Groups Facebook: https://www.facebook.com/letbetcoin/

Is this bounty? Or airdrop? The topic was different

Topic: Alternative Block Chains : be safe! - page 52. (Read 1547128 times)