Topic: Alternative Block Chains : be safe! - page 73. (Read 1369492 times)

So, how about a decentralized regulator for all these blockchain ? In other industries we have "standards" bodies. Why not such a thing here ?

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 more crypto the more risk. and it is more difficult to store safely

No one is immune from losing money. You have to be careful when working with crypto-currencies. There are many risk factors.

That's a good piece of information.

Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.

Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.

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.

How can you prove that transactions are safe?

The internet is not built on alternation networks its built on layers.
We need this in the crypto space.
Layers of blockchains.

Speaking of alternative Blockchains...

https://cointelegraph.com/press-releases/has-xtrabytes-already-rendered-the-top-cryptocurrencies-obsolete

This coin says it has something called PoSign or something. Not PoW or PoS i think, but not really sure.
This article was just posted on CT, so i havent had the chance to do much research.
But if true, then i guees im gonna have to take a little bite of this cake.
Guees i will do as OP wrote on page 1.

Any thoughts about the article before decide to buy or not?