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Author Topic: Can sites like Blockchain.info be held legaly responsible  (Read 606 times)
IggySe7ven (OP)
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March 29, 2013, 07:02:10 AM
 #1

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?
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March 29, 2013, 07:06:07 AM
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They skim fee's and make more of legitimate usage than they ever could by ripping people off
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March 29, 2013, 07:32:19 AM
 #3

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.

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March 29, 2013, 07:45:11 AM
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Well it is a lot to trust them with thats why you should have a desk top based wallet

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Stephen Gornick
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March 29, 2013, 08:18:59 AM
 #5

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.]

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