Topic: Alternative Block Chains : be safe! - page 70. (Read 1624052 times)
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.
I see a lot of useful information here. thank you to the specialists.
The most secure wallet is a hardware wallet, and one where you have full possession of your private key, and assuming no one else knows your private key it is more secure than paper-money in the bank.
Thanks for this comprehensive information. Its worth the time to read this, We can learn lots of things here in our forum. Keep it up guys.
Every other technology has come and gone in waves, before breaking through to the mainstream. There will be boom and bust cycles on various blockchains. However it does seem that BitCoin has withstood everything thrown against it at this point.
Also, we still don't know where it came from. Whoever the organization is behind BitCoin, they are likely very powerful. Powerful enough to eliminate rival blockchains? Quite possibly. Look at the Silk Road, he had hundreds of thousands of BTC and was organizing hits.
Alternate blockchains built on deep state platforms like Microsoft and IBM might be a less risky bet.
Also, we still don't know where it came from. Whoever the organization is behind BitCoin, they are likely very powerful. Powerful enough to eliminate rival blockchains? Quite possibly. Look at the Silk Road, he had hundreds of thousands of BTC and was organizing hits.
Alternate blockchains built on deep state platforms like Microsoft and IBM might be a less risky bet.
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 coin, cause bitcoin is so expensive
Alternative Blockchain is the future of cryptography and we cannot do away with the new innovations. In order to keep secure our anonymity, storage and applications, stronger passwords are encourage. Other new alternative blockchain asks a double verification security. However if doubtful of the new bitcoin altchain, dump those that ask your private key or password . Greater probability is, it is a scam.
Nice. tips.. glad to read that from legends.. 
Great advice. Security is above all.
If u don't want your computer to be hacked by scammers, have a reliable antivirus, be careful with third-party software, and also change your password more often.
If u don't want your computer to be hacked by scammers, have a reliable antivirus, be careful with third-party software, and also change your password more often.
Hi, I'm looking at www.rebellious.io coin. their wallet asks for a private key. Would you create a MEW just for one token? I don't feel comfortable using one with eth in it.
Change password every 6 months, anti malware and anti virus must be present in our device and the Use 2 factor authentication in exchanges and emails: This can be helpful. Better secured than sorry.
Hey, I feel like the things you listed out here are just right. You can't expect to not be 'FUD'dy. Surely, those who say we shouldn't, are too. It is all about risks. It is good to have precautions still. I quite agree with your list.
well explained... godbless dude...
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. I work this way too.
Better even have a few computers. I do so, I have 2 regular laptops on which I trade and other business, and there is also an apple computer almost clean and with one of the best antivirus, on it I make transfers and work with purses. I think that it would be right to do it. 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. I work this way too.
Not all the alts are scam, but there are many.
It's a must to run a background check when you are investing in cryptos.
Use 2FA.
bookmark exchanges to avoid phishing.
It's a must to run a background check when you are investing in cryptos.
Use 2FA.
bookmark exchanges to avoid phishing.
How about just stay away from all the small market cap non institutional backed stuff. Rule of thumb is if its not on a serious exchange like poloniex, bitfinnex, or binance then its probably a scam
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. I work this way too.
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. I work this way too.
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.
What is the best wallet?
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 am a newbie and can anyone explain to me what is an alternative block chain? Does this only affects the miners or does it affects every one within the cryptocurrency world? 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.
Yeah, especially when someone (CH/RS) dares you to go ahead and do it...
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