Topic: Alternative Block Chains : be safe! - page 79. (Read 1343035 times)
You have to really be careful and very cautious of the third party software.
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.
Sorry friend.....
I have one computer unit and it's fine. Precisely using many computers would be a lot of emails will also arouse suspicion of its use for what. And that's not good ..
I have a spare computer, just like bitcoin, where the money needed to move is in a wallet, and the big money is stored on a computer for security 
The question is: can a virus with a code blockcshain the virus? I think it's elementary. And if the computer has some valuable information, what can prevent the theft of this information or money?
Exactly.Difficult to avoid.I need to use macos for it.I feel comfortable
What is macos? Antivirus?
The question is: can a virus with a code blockcshain the virus? I think it's elementary. And if the computer has some valuable information, what can prevent the theft of this information or money?
Exactly.Difficult to avoid.I need to use macos for it.I feel comfortable
The question is: can a virus with a code blockcshain the virus? I think it's elementary. And if the computer has some valuable information, what can prevent the theft of this information or money?
i prefer to use blockchain. sometime its reall fast when transaction .
Yes same better use Blockchain if I. Blockchain on Bitcoin is a decentralized system. Bitcoin means not influenced any Government policy which may just carries a bad influence in the system. Bitcoin is also an example of the success of the system over peer-to-peer without a central controller that controls the operations of the system. Bitcoin can just replace credit cards and debit cards in the future. Good advice.
Using an alternate cryptocurrency client would be a great way to get many people to install a hidden virus that targets Bitcoin users.
If you have a significant amount of Bitcoins, I wouldn't run other clients on the same computer until the alternates have developed trust over a longer period of time... I'm probably on the paranoid side of things though.
These new cryptocurrencies are interesting, and it will be fascinating to see how it will all play out.
Using an alternate cryptocurrency client would be a great way to get many people to install a hidden virus that targets Bitcoin users.
If you have a significant amount of Bitcoins, I wouldn't run other clients on the same computer until the alternates have developed trust over a longer period of time... I'm probably on the paranoid side of things though.
These new cryptocurrencies are interesting, and it will be fascinating to see how it will all play out.
I think we can´t even say that those precautions make you paranoid, its just being safe. There are so many altcoins being launched, and a LOT of scammers out there... I should be doing as you said: using another computer or maybe in a virtual machine (that may not even be enought) to run for example, a wallet software of some altcoin that i may eventually try. For a matter of lazyness, i am not doing that, but i use to check any file i download with online and offline security tools.
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.
If it can use one computer using some miner tool whether it can be profitable fore?in my opinion, if you want a more secure we recommend using a single computer by using some of the tools that will be useful for miners the future of the future
Also confusing with some posts from agan, I use one computer for avoiding my own confusion, is there any best solution using one computer?
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.
If it can use one computer using some miner tool whether it can be profitable fore?in my opinion, if you want a more secure we recommend using a single computer by using some of the tools that will be useful for miners the future of the future
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.
If it can use one computer using some miner tool whether it can be profitable fore? 
This is terrific information. Garving. i wanted to join the bitcoin train a year ago but i was skeptical and paranoid about malware and virus. This is has given the chance on knowing hw to let it work
yeah I too so, always use a different password on every transaction and I also use a different password on every account I
So like that, I just found out if it should be a password. Thank you for the information 
Is it safe ?
If you have safe method of storing password than once a 3-6 month is enough to change it, if you have not safe method for storing password changing it everyday or every time you done transaction gives you more chances to make mistakes.
Some old wallet implementations had problem with generating random k for Bitcoin transaction and changing bitcoin account and key after each transaction was reasonable that days, but it was long time ago.
Changing password every time looks just like much work, if you will be tired you will make mistake.
yeah I too so, always use a different password on every transaction and I also use a different password on every account I
So like that, I just found out if it should be a password. Thank you for the information I missed that is was a post from 2011 
. I mean Altcoins have changes a lot ... a lot. Gavin's point of view probably too.
. I mean Altcoins have changes a lot ... a lot. Gavin's point of view probably too.Exactly this thread was started about 6 years ago and a lot have evolved from the cryptocurrency world and so I think we just need to pick out the relevant points that are valid for the present and discard the others but I won't underestimate the important insight he's given all of us.
Just note that there does not even have to be a change in code, simply recompiling and relaunching would create a secondary chain. People need to grasp the mechanics of the background process to understand everything or they will get washed under one day.
I totally agree with Gavin's opinion.
Maybe I can add what warren buffet quotes is "Rule No.1: Never lose money Rule No.2: Never forget rule No.1.
Everything is back to you.
Maybe I can add what warren buffet quotes is "Rule No.1: Never lose money Rule No.2: Never forget rule No.1.
Everything is back to you.
I missed that is was a post from 2011 . I mean Altcoins have changes a lot ... a lot. Gavin's point of view probably too.
. I mean Altcoins have changes a lot ... a lot. Gavin's point of view probably too. 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.
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 think this old post of Gavin Anderson is somewhat misleading. Regarding current situation with bitcoin, it is definitely necessary and absolutely possible to switch to a brand new chain without the risks Gavin is frightening us about them.
1- People can simply switch the chain using exactly the same code base that bitcoin uses now!
2- This switch can take place with some minor improvements in the code (not necessarily with small impacts) which can be verified by public and
maintained easily in a parallel thread with the mainstream development process.
And what would be the catch?
1- We can fix the ASIC nightmare by injecting some 1 GB or so memory footprint to SHA256. Actually I have an Idea for this.
2- We can reconsider block time, block size, ... in accordance with the state of the art.
3- More importantly, we can get rid of miner corporates' and core devs dominance at the same time.
We may fail, not because of security issues (bitcoin code base that we eagerly use is secure more than enough) but because of lack of enthusiasm and commitment. No worries, I'm here for a while, waiting for people who are sensitive enough to become bored with the current 'Game of Thrones' play in the btc space and wise enough to stick with the code rather than trying to imitate Vitalik like a fake cartoon.
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.
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.
Thank you Gavin for this piece of information. As the community is growing there will be less and less members that are computer literate and won't be able to do their own due diligence. I am one of them, I can't read code. Do you have a specific Alt-coin in mind ? Do you think that the top 10 network are safe ?
Also the early adopter excitement is what keep this going on. If only bitcoin was available, then new comers might refuse to pay tremendous amount for 100 SAT when they know some early adopter have thousands of bitcoins. And new comers give a shot to a "cheap network" ... just like you did few years ago.
Gavin if you read this it would awesome if you could reply
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Victor
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