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Author Topic: [2015-09-10] Blockchain.info Extended Downtime Hurts Public Bitcoin Image  (Read 429 times)
jdebunt (OP)
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September 11, 2015, 05:26:42 AM
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http://digitalmoneytimes.com/crypto-news/blockchain-info-extended-downtime-hurts-public-bitcoin-image/

A large part of the Bitcoin community is relying on blockchain services provided by popular platforms.  Regardless of whether they are consumers or developers, blockchain technology is meant to be accessible to anyone, at any time, on any device.  Blockchain.info is one of the most popular resources for their API and wallet service, but recent downtime issues have many Bitcoin enthusiasts looking for viable alternatives.
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September 11, 2015, 06:13:53 AM
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Earlier this year, at the end of May, Blockchain.info suddenly experienced downtime as well for several hours.  Users who wanted to access their wallet were unable to do so, causing a widespread panic among Bitcoin users worldwide.  Just a few months later, another lengthy period of downtime ensued.  It should come as no surprise to see many people switching to a different service, both for Bitcoin wallet and API purposes.  Blockchain.info has become too unreliable in the past 12 months and something needs to be done rapidly.

Moral of the story.... Don't store your coins in a wallet where you do not have full control over your private keys. If you do have control over all your private keys you can always make use of another compatible wallet service to get your coins out should something like the above happen to your main wallet.

I guess the biggest problem for them [Blockchain.info] at this stage is hundreds if not thousands of users trying to import those private keys from the CoinWallet attack into their online wallets in order to try and claim some of those coins.
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September 11, 2015, 07:01:01 AM
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The funny thing is, this stress test < I call it a attack > is not just doing a DoSS on the Blockchain, but also crippling service providers and other competing wallet providers for them. If I were Blockchain.info I would sue them for digital sabotage under UK laws for doing this.

The attack has had a ripple affect through the whole community, and they are shifting the blame to their customers. How lame is that? 

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