Print Page - "Come to Tradehill, it's more secure!"

Title: "Come to Tradehill, it's more secure!"
Post by: joepie91 on June 25, 2011, 02:23:02 AM

Okay, so I've seen the following pop up quite a lot on both the forum and on IRC:
"Go to Tradehill, it's more secure than Mt. Gox!"

Now consider that Tradehill is closed-source. In itself this is not a problem, but they do, as far as I know, not have insurance for the funds you deposit to them either.
That means you are directly financially responsible for any security holes they leave open, and have no way to check if it is secure.

Now, besides the obvious profits that people get from referal links, can anyone who is claiming that Tradehill is more secure, tell me what that claim is based on?

Title: Re: "Come to Tradehill, it's more secure!"
Post by: TriumVir on June 25, 2011, 02:29:40 AM

I've got two words for you. Force Majeure.

Title: Re: "Come to Tradehill, it's more secure!"
Post by: Bit_Happy on June 25, 2011, 02:29:53 AM

The Tradehill market moves slower than a snail, so for some people that == security. :D

Title: Re: "Come to Tradehill, it's more secure!"
Post by: d.james on June 25, 2011, 02:31:27 AM

I will move over once I get my money back from Gox...

Then again Gox will be open by then so I may not ???

Title: Re: "Come to Tradehill, it's more secure!"
Post by: kr105 on June 25, 2011, 02:34:38 AM

Quote from: joepie91 on June 25, 2011, 02:23:02 AM

Now consider that Tradehill is closed-source. In itself this is not a problem, but they do, as far as I know, not have insurance for the funds you deposit to them either.
That means you are directly financially responsible for any security holes they leave open, and have no way to check if it is secure.

I'm missing something or mtgox is opensource and / or have insurance for the funds?

Title: Re: "Come to Tradehill, it's more secure!"
Post by: joepie91 on June 25, 2011, 02:35:41 AM

Quote from: kr105 on June 25, 2011, 02:34:38 AM

Quote from: joepie91 on June 25, 2011, 02:23:02 AM

I'm missing something or mtgox is opensource and / or have insurance for the funds?

I never said Mt. Gox was secure either (in fact, I very much believe it isn't, and it will be hard to convince me that the new version is based on past happenings), but I was commenting here on the people bashing Mt. Gox and telling people to go to Tradehill instead because it is supposedly "more secure".

Title: Re: "Come to Tradehill, it's more secure!"
Post by: Swishercutter on June 25, 2011, 02:38:40 AM

Quote from: joepie91 on June 25, 2011, 02:35:41 AM

Quote from: kr105 on June 25, 2011, 02:34:38 AM

Quote from: joepie91 on June 25, 2011, 02:23:02 AM

I'm missing something or mtgox is opensource and / or have insurance for the funds?

Don't forget Tradehill was using the same encryption as Mt.Gox...they both increased security due to this incident.

Title: Re: "Come to Tradehill, it's more secure!"
Post by: Mousepotato on June 25, 2011, 02:44:10 AM

Say hi to Topiary for us... Big fans over here!!!

Title: Re: "Come to Tradehill, it's more secure!"
Post by: finack on June 25, 2011, 02:59:29 AM

CSRF tokens vs. live CSRF vuln.

I'm not saying either one is worth trusting your money with, but hey, there's something.

Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: joepie91 on June 25, 2011, 02:23:02 AM