Open Letter to Mybitcoin - Could you please tell me you're not THIEVES?

[lettucebee]

I just left negative feedback there. I'm not sure what that site is all about, though. But I'm pissed at mybitcoin! Bruce Wagner will be talking about the mybitcoin problem on his program sometime this week, too, or so he says.

[Clipse]

It seems only a few of the more clueless people having issues which isnt surprising.

Ive had no issues at mybitcoin before or after mtgox hack, so these claims about "mybitcoin changed my password" etc. seem highly unlikely.

Definitely makes alot of sense for them to steal your 3BTC but other users, including myself, have >1K in there.

[lettucebee]

For some reason Clipse is trolling around these mybitcoin threads criticizing people who've been victimized. Not sure why.  Clipse, why do you even care about these threads?  Why do you feel the need to insult people who come forward?  What do you have to gain?

[static]

Check this board out. Many guys lost their btcs on mybitcoin.



in before: Sending an anonymous currency anonymously to a unknown website in hope they will keep it.



Never ever store your private data online. Neither on dropbox nor elsewhere. AND ESPECIALLY NOT YOUR MONEY.

I store money on PayPal and my online bank. I have full control of where it goes. So does anyone who logs into my account.

Noob

and with those accounts you have recourse if someone gets unathorized access and does that. with bitcoin - you don't. so stop making all these asshole comparisons of bitcoin to all other established and secure means of financial security.

[Steve]

It seems only a few of the more clueless people having issues which isnt surprising.

Ive had no issues at mybitcoin before or after mtgox hack, so these claims about "mybitcoin changed my password" etc. seem highly unlikely.

Definitely makes alot of sense for them to steal your 3BTC but other users, including myself, have >1K in there.

Clipse, are you certain that's a wise thing to do?  I would never use an account based service to hold large amounts of bitcoin savings.  For savings, I would suggest that you need to have control over the ability to spend those bitcoins.  Otherwise, you don't have any bitcoin savings, what you actually have is a contract with a company to deliver you bitcoins on demand.  A small amount of spending money isn't bad, but >1000 BTC?  Seems nuts to me.

I believe people are working (Stefan Thomas, justmoon) is working on a hosted wallet solution that would enable you to retain control of your coins while at the same time providing encrypted backup.  Until then, I think the best option for savings is the regular client and great care over the handling, encryption and backup of wallet.dat.