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Author Topic: What do you trust more?  (Read 575 times)
spooderman (OP)
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December 08, 2013, 03:55:44 PM
 #1

Your own wallet-qt, run solely by you, for which you are the only key holder, but there's always the possibility that you have a key logger.

or

An exchange such as Gox or Stamp, which could be compromised in some way, but which it is possible to secure with two factor authentication such as a yubikey/google auth.

Please only look at this with regards to security, not to privacy.

Society doesn't scale.
zhinkk
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December 08, 2013, 04:18:18 PM
 #2

I trust myself more than an online exchange or something. And that's the whole point of bitcoin. Don't put your coins in the hands of a third party. If you are scared of keyloggers:
1. Use an antivirus and don't get keylogged
2. Store your coins in cold storage. Only keep a small amount in your bitcoin-qt client.
Martijnvdc
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December 08, 2013, 04:30:11 PM
 #3

I trust bitcoin-qt most, obviously...
spooderman (OP)
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December 08, 2013, 05:09:50 PM
 #4

I trust bitcoin-qt most, obviously...

So do I, I guess the more relevant question is, do I trust the computer on which it runs? (NO - scared to type in my password)

Also....
I trust myself more than an online exchange or something. And that's the whole point of bitcoin. Don't put your coins in the hands of a third party. If you are scared of keyloggers:
1. Use an antivirus and don't get keylogged
2. Store your coins in cold storage. Only keep a small amount in your bitcoin-qt client.

Thirdparties are great. We should have bitcoin banks, banks in the TRADITIONAL sense i.e a security service provided by a third party. Bitcoin banks would make a lot of sense for the less tech savvy, they would not become investment banks like we have today, but just provide a service people are going to/already want.

Society doesn't scale.
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