This service is awesome, I was dreaming of something like this!
There's one thing in the FAQ I need to better understand...
- If the site ever disappears, what happens?
- If the site disappears AND for some reason you can't publish the secrets, does everyone lose their coins?
Thank you for the review and input. We have always had a design from the start to address this, but it wasn't implemented because it was a lot of work and the site may not be used. We are currently working on it, but it has been slow. With your post we may kick it up a notch.
A cynical person would worry we could hold coins hostage. This would be especially easy if you let LBAAT discover the address for a given public key, rather than the other way around. We would never do that of course, but it is something for users to keep in mind for our service or a competing service.