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Author Topic: Blockchain.info or inputs.io wallet?  (Read 1224 times)
imrer
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October 18, 2013, 02:31:59 PM
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Blockchain.info or inputs.io wallet? Which one is the better and why? I'd like to use it on service paid with bitcoins.

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GhanaGamboy
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October 18, 2013, 02:36:06 PM
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Blockchain.info or inputs.io wallet? Which one is the better and why? I'd like to use it on service paid with bitcoins.

with Blockchain.info you control the private key, so I preffer this.

But if you plannig sending a lot of small transfers, like free faucet, then inputs.io is better
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October 18, 2013, 02:37:50 PM
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Blockchain.info or inputs.io wallet? Which one is the better and why? I'd like to use it on service paid with bitcoins.

If you don't have control of the private keys, then you don't have the bitcoins.  End of story.

That's not a wallet.  That's a shady bank account.  Don't let anyone tell you differently.

If you don't have the private key, then you don't have the bitcoins.  It's as simple as that.  You have generously given away your bitcoins to a complete stranger based on a promise that they've given you that they will send those bitcoins anywhere you like anytime you like whenever you ask them to.

Imagine.  You're walking down the street with $1000 in your pocket.  You come to a corner where someone has set up a folding table and put out a sign printed on a piece of cardboard.  You're curious so you ask them what they're doing. They explain to you that they are operating a corner bank.  They tell you that if you give them all the cash in your pocket, they will hold on to it for you.  Then at any time in the future, you can just ask them to spend it for you and they will deliver the cash wherever you like.  They are not insured by the FDIC (or anyone else). They do not go through any sort of audit or submit to any oversight. You are not allowed to know how much total cash they are holding right now.

Do you hand them your $1000 and walk away, hoping that they'll still be there with their folding table tomorrow when you come back to ask for some of that cash to be sent somewhere?  If not, why would you do the same with your bitcoins?

With blockchain.info you maintain sole control of the private keys.

With inputs.io, not so much (At least the last time I looked into it.  I suppose their design could have changed recently without me realizing it).

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October 18, 2013, 02:46:28 PM
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There are some big differences between them:

Blockchain.info is more like an online-version of the local wallets. You can have a backup of the private keys and access the Bitcoins even if the website is down.

Inpouts.io is more like a bank, if the website is down you cannot access your coins and TF could access all your coins, so the 3rd party risk is higher.
But there are also good points about inputs.io, it has more security features, coins there aren't stolen that easily by trojans.
The coins are mixed up on addresses, so it also increases anonymity.
It's great for small transactions between other inputs.io wallets, because no fee is needed.
In short: It offers some additional features, but also requires you to trust the owner of inputs.io Tradefortress.

Both are fine for small amounts of Bitcoins, but don't store too much there.
Just like your real life wallet.
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October 18, 2013, 04:00:53 PM
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blockchain.info have alot more API's and features and full control of private keys and funds. if i was to use online wallets blockchain.info has my vote, but with anything online be secure.

1. lengthy random passwords
2. use for small-short term amounts
3. change passwords regularly
4. change private keys/sweep keys regularly
5. (should be rule one) remember its your funds, your responsibility, don't cry to anyone else if it disapears

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October 18, 2013, 04:07:27 PM
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3. change passwords regularly

How does changing your password increase security?
In case it was stolen and the trojan user was too lazy to check it for some weeks?
Imo changing your password often leads to less security, because you are more likely to forget it/have to write it down.
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October 18, 2013, 05:21:00 PM
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Thanks guys for opinions. I wonder if one of mentioned wallet (I prefer blockchain.info) could provide me following options. Users will register at the website -> they'll be given unique adress -> somebody buy something from this user -> send bitcoins on that unique adress so I can assign bitcoins to user. (Ideally is it possible to create unique adress for every product from one user ?)

Could I check acc balance without login and does it generate some info about payment (so I could check how long does it take to process without checking blockchain)

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October 18, 2013, 05:59:34 PM
 #8

Blockchain.info or inputs.io wallet? Which one is the better and why? I'd like to use it on service paid with bitcoins.

Depends what you want it for. I trust TF (this is key to using Inputs, IMO), and I very much like the security features in place in addition to 2FA, like rolling withdrawal limit and pin pad. Great for an online wallet -- I don't feel as secure when using an online wallet with Blockchain.info. But if you want your wallet.dat and private keys, shared wallets like inputs.io won't work for you.
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October 18, 2013, 06:09:35 PM
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Could you please answer on my recent post? You look that you have some experience with online wallets. Smiley

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MAbtc
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October 18, 2013, 06:13:37 PM
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Could you please answer on my recent post? You look that you have some experience with online wallets. Smiley
Hmmm, sorry, I don't know much about coding or using API -- perhaps someone with more technical knowledge can help. You may find more help in another sub-forum. Good luck.  Smiley
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October 18, 2013, 06:17:08 PM
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I trust TF (this is key to using Inputs, IMO),

Sure, but do you trust any and all government agencies not to shut him down?

Do you trust him not to ever die, or to have made appropriate arrangements for you to continue to access your bitcoins if he does die?

Do you trust everyone that he has given access to the service (including those who have access after his death)?

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October 18, 2013, 11:49:33 PM
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I trust TF (this is key to using Inputs, IMO),

Sure, but do you trust any and all government agencies not to shut him down?

Do you trust him not to ever die, or to have made appropriate arrangements for you to continue to access your bitcoins if he does die?

Do you trust everyone that he has given access to the service (including those who have access after his death)?


No, but I should clarify, if I didn't, that I don't feel secure (period) using an online wallet. It is only for temporary / short-term use or small BTC balances. You bring up good points.  Smiley
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October 19, 2013, 01:23:56 AM
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Hi, TF from Inputs Smiley

Security wise,  Inputs is the only wallet that supports GPG auth. It also gives you the option to block Tor and proxy logins, has a sessions list like Gmail's, with up to 4 factor auth (password + 2FA + email auth + gpg).

Feature wise, you can sign messages, generate vanity addresses, but more importantly send offchain transactions. Mixing is built in and free.

You do need to trust Inputs, however keep in mind if you use blockchain's merchant tools you give them access to your private keys. There are also other attacks that BC can do, such as replacing JS files, double spending, feeding you incorrect data, etc
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October 20, 2013, 02:04:20 AM
 #14

Blockchain.info or inputs.io wallet? Which one is the better and why? I'd like to use it on service paid with bitcoins.
i use inputs.io and it's my top choice for an online wallet. free mixing, good security.  Cheesy

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October 20, 2013, 06:22:25 AM
 #15

I've been using inputs.io since the first day I discovered bitcoin. It feels really safe and secure, never had any issues with it.

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