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Showing 3 of 3 results by Ostin75Jonn
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Topic
Board Altcoin Discussion
Re: Alternative Block Chains : be safe!
by
Ostin75Jonn
on 17/03/2022, 16:36:30 UTC
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.


Good post!
Post
Topic
Board Trading Discussion
Re: New trading platform - IXFI
by
Ostin75Jonn
on 17/03/2022, 15:18:49 UTC
Better stick with the one that are already known, as binance or coinbase



I'm agree with you
Post
Topic
Board Legal
Re: Open a LLC with BITCOIN is possibile?
by
Ostin75Jonn
on 11/03/2022, 21:31:18 UTC
This is obviously going to be a thing. You might have to provide quite a bit of personal information though still depending on the terratories you want to open your LLC in and the reasons you want to open it in the first place.

You're likely going to have to hire someone to research this for you though if you're not willing to do it yourself.


Hi.I'm agree with you