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Topic: Alternative Block Chains : be safe! - page 81. (Read 1693725 times)

member
Activity: 110
Merit: 10
December 18, 2016, 05:26:06 PM
Wow great info for people to read. Im fairly new to using blockchains and this is great information. I agree with changing passphrases every site you use. I would like to add make sure you run antivirus softwares and firewalls too. Overall great info!! Peace Love and Crypto!!
sr. member
Activity: 490
Merit: 251
December 10, 2016, 08:38:40 PM
yeah me too. When I first knew about bitcoin I was curious how it work, so everyday I came to read some stuffs on how to earn money without being scammed.

Nice post. Thanks
newbie
Activity: 11
Merit: 0
November 20, 2016, 07:41:42 PM
whether altcoin recommended for mine
sr. member
Activity: 840
Merit: 252
November 12, 2016, 12:01:55 AM
I thought there is new blockchain bec it says " be safe" then saw the date and I realized this post were about those old days of blockchain. I guess, blockcain is fine now and being still a newbie, security measures are strong. Just dont forget to back up and download paper wallet just in case something went wrong. We have to be careful because its about money. Right?
sr. member
Activity: 938
Merit: 250
November 06, 2016, 01:16:49 AM
Good ... (y)   
newbie
Activity: 4
Merit: 0
October 16, 2016, 04:16:23 AM
on what kind of coins is this applicable
hero member
Activity: 804
Merit: 500
DAO ↔ DApp
August 24, 2016, 04:41:19 PM
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.



NICE TIPS

This's a must read for everyone!

1) Now in 2016, lots of alternative block-chains use usb thumb sticks with a bootable OS with the wallet pre-installed. You can then save private keys on the usb stick keeping them safe from other apps. These are a great way to stay safe and organized. With exchanges supporting all kinds of hard-forks, some of which include hard-forking away your private keys, you have to have easy access to your coins at anytime.

2) Learn to use a block explorer.

newbie
Activity: 43
Merit: 0
August 19, 2016, 11:31:48 PM
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 not very worried about their safety , I am more support to enhance their convenience, so that ordinary people more able to accept them .
hero member
Activity: 1234
Merit: 528
Decentralized Content Distribution
August 19, 2016, 08:07:12 AM
Have you heard about DECENT? It's a decentralized content distribution platform.
Join our Slack channel and discuss the network's abilities with our community!
hero member
Activity: 868
Merit: 503
August 11, 2016, 09:03:21 PM
He is talking about a hidden hard fork.  You can clone a coin and change nothing but the merkle and basically create a new coin with the same characteristics as the original, but the chain is new.  Conceivably the person could then control that chain and alter TX's to their liking.  It is possible with newer coins, but older ones would be harder to fool enough people.
sr. member
Activity: 294
Merit: 250
August 05, 2016, 10:49:12 PM
Question  from a dummy here, by alternative block chain do you mean the block chains some alt coins use and do any alt coins use the same blockchain as bitcoin?
hero member
Activity: 896
Merit: 500
July 23, 2016, 05:29:08 AM
Thank you Brother, Nice advice.
full member
Activity: 1008
Merit: 104
June 28, 2016, 02:28:21 AM
example ?
sr. member
Activity: 308
Merit: 250
June 03, 2016, 02:57:45 PM
I  agree with you . That's partly why I haven't messed with the alt chains. I even mentioned this on the announcement thread for lxcoin but it got drowned out with all the excitement about it. Angry Angry
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
May 22, 2016, 10:19:39 AM
oh the hypocrisy of Gavin being the OP  Embarrassed

Well, quite ironic indeed Smiley.

timestamp is ominous 2
hero member
Activity: 658
Merit: 500
April 21, 2016, 10:44:47 AM
But why we must use virtual machine, because then we must use different OS from host OS ? If we use Windows, we must use Linux then.  Wink
newbie
Activity: 56
Merit: 0
April 12, 2016, 03:10:25 AM
plz provide me a brief knowledge related to alt coins in a simple way...
newbie
Activity: 11
Merit: 0
March 29, 2016, 01:06:30 PM
I understand alt-chains and the need for them but that 20% is scary, Gavin. But like Kano said, It is open source." Lets just hope Antpool doesnt get crazy.
sr. member
Activity: 364
Merit: 250
March 09, 2016, 04:15:22 PM
Quote
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.

Very valuable material- Thank you Gavin
member
Activity: 81
Merit: 10
September 11, 2015, 11:40:36 AM
No harm in taking every precaution with new software involving money.
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