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Title: Can sites like Blockchain.info be held legaly responsible Post by: IggySe7ven on March 29, 2013, 07:02:10 AM Hey guys, i am just wondering, i know that sites like blockchain.info that hold people wallet and info. I am just wondering, is there anything that is stoping them from taking peoples bitcoins and selling them and making millions?
Title: Re: Can sites like Blockchain.info be held legaly responsible Post by: Vuxil on March 29, 2013, 07:06:07 AM They skim fee's and make more of legitimate usage than they ever could by ripping people off
Title: Re: Can sites like Blockchain.info be held legaly responsible Post by: scribe on March 29, 2013, 07:32:19 AM Blockchain.info's design (javascript in the browser to decrypt a wallet file, plus open source js code) should mean the site operators can't access your wallet or spend your bitcoins. Throw in two-factor auth and a second password for spending (or paper wallets) and you're most safe against the operators.
Other sites may vary though. Plus you're still open to trojans on your pc/phone/etc. Title: Re: Can sites like Blockchain.info be held legaly responsible Post by: gravitate on March 29, 2013, 07:45:11 AM Well it is a lot to trust them with thats why you should have a desk top based wallet
Title: Re: Can sites like Blockchain.info be held legaly responsible Post by: Stephen Gornick on March 29, 2013, 08:18:59 AM They skim fee's They do? [Update: Oh, ... if you mark the checkbox to have a "shared" transaction, which improves privacy, there is a fee. Otherwise, the fee that is paid goes to the miner of the transaction, not Blockchain.info.] |