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Author Topic: Can we try this all together now...  (Read 1907 times)
MelodyRowell
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November 05, 2013, 07:00:40 AM
 #21

1...
2...
3...
WE WILL NOT USE ONLINE WALLETS ANYMORE.

Good job class!

COME ON NO ONE SAW THIS COMING? INSTAWALLET HACKED, BLOCKCHAIN HAD THERE HACKS, IT WAS GOING TO HAPPEN AT SOME POINT NOW INPUTS OFFICIALLY HACKED. Targets are painted in red with online wallets, unless you have google's security team to quickly step in when a hack is going down, they are not safe. Look now TF is sleeping dreaming of bitcoins that he is making, while he is getting wiped clean. Not good.

I am not saying, I told you all so, but I told you all so. Now lets put all our money on local clients.

No please, online wallet is good.... just need more protections thats all...

you can use online wallets, but at some point you will lose those coins. No site is hacker proof, they can't be it is impossible. Inputs is even worst, you have no control over the private keys so you don't have control over the coins. End of story.


Newbies don't do this, don't fight it, we seen the worst of the worst you have not.

TradeFrotress said that they will reimburse.. So I guess its consider safe?

LOL yes reimbursements == safe! It will never be safe. If google can't 100% secure their site, how do you think one freelance person going to do that?

Just relax, online wallet have pros and cons, let people decide Smiley I myself use both...
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TheNewAnon135246
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November 05, 2013, 07:16:40 AM
 #22

Yup, like you said..... Inputs.io is a bank account, not a wallet to store a high amount of btc.

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November 05, 2013, 07:31:38 AM
 #23

Just relax, online wallet have pros and cons, let people decide Smiley I myself use both...

I am relaxed all my coins are safe on my paper wallet Wink. I could let people to decided but people are dumb, and a person is smart. Why don't you want someone to warn people about the unsafe web-wallets? There are things I wish people told me to steer clear of when I started in bitcoin.

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November 05, 2013, 07:33:53 AM
 #24

Just relax, online wallet have pros and cons, let people decide Smiley I myself use both...

I am relaxed all my coins are safe on my paper wallet Wink. I could let people to decided but people are dumb, and a person is smart. Why don't you want someone to warn people about the unsafe web-wallets? There are things I wish people told me to steer clear of when I started in bitcoin.

You are right, and now people found out the hard way Tongue

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November 05, 2013, 07:36:18 AM
 #25

Just relax, online wallet have pros and cons, let people decide Smiley I myself use both...

I am relaxed all my coins are safe on my paper wallet Wink. I could let people to decided but people are dumb, and a person is smart. Why don't you want someone to warn people about the unsafe web-wallets? There are things I wish people told me to steer clear of when I started in bitcoin.

You are right, and now people found out the hard way Tongue

Exactly... but there are many people that go right back to it, like a abusive spouse.

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waltermot321
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November 05, 2013, 09:52:46 AM
 #26

You can safe some transaction fee using online wallet Smiley

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November 05, 2013, 02:18:47 PM
 #27

You can safe some transaction fee using online wallet Smiley

Exactly. Just for the smaller amounts. I would never store large amounts of btc on an online wallet.

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Kimowa
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November 05, 2013, 02:41:51 PM
 #28

You can safe some transaction fee using online wallet Smiley

Exactly. Just for the smaller amounts. I would never store large amounts of btc on an online wallet.

Same here, small amount using online wallet would save some fees. Big amount on my pc wallet...

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November 05, 2013, 08:19:29 PM
 #29

While they need to offer better protection, online wallets do have their advantages. I wouldn't keep large amounts of bitcoins on an online wallet though.
 

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November 06, 2013, 04:17:39 AM
 #30

I would extend this to "never put BTC on a private key that you don't exclusively control."

So, on 3:

WE WILL NOT USE ONLINE WALLETS ANYMORE, AND WE WILL NOT USE EXCHANGES (FOR ANYTHING BUT IMMEDIATE ORDER EXECUTIONS) ANYMORE EITHER.

Bitfloor still owes me 1.84915808 BTC.

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November 06, 2013, 04:25:13 AM
 #31

I would extend this to "never put BTC on a private key that you don't exclusively control."

So, on 3:

WE WILL NOT USE ONLINE WALLETS ANYMORE, AND WE WILL NOT USE EXCHANGES (FOR ANYTHING BUT IMMEDIATE ORDER EXECUTIONS) ANYMORE EITHER.

Bitfloor still owes me 1.84915808 BTC.

Agreed!!!

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TheNewAnon135246
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November 06, 2013, 05:24:23 AM
 #32

I would extend this to "never put BTC on a private key that you don't exclusively control."

So, on 3:

WE WILL NOT USE ONLINE WALLETS ANYMORE, AND WE WILL NOT USE EXCHANGES (FOR ANYTHING BUT IMMEDIATE ORDER EXECUTIONS) ANYMORE EITHER.

Bitfloor still owes me 1.84915808 BTC.

That sucks :S. I've never had any issues with exchanges so far Grin. We all need a way to buy bitcoins right?

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TheButterZone
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November 06, 2013, 06:33:41 AM
 #33

We all need a way to buy bitcoins right?

Indeed, and ideally IMO exchanges should be left to bots and institutional investors, while the average user should be doing it peer-to-peer. No BS fees or thefts, no regulation of economic liberty and others out of existence, and you may opt to exchange goods and services P2P rather than simply the fiat-BTC-fiat speculation closed loop. I just don't see any be-all, end-all tool for P2P ready for primetime yet. LocalBitcoins was a good first step, Elqnt may be the second...

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November 06, 2013, 06:36:42 AM
 #34

What happen to bitfloor?


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TheButterZone
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November 06, 2013, 06:37:13 AM
 #35

What happen to bitfloor?

http://bitcoinmagazine.com/2139/bitfloor-hacked-250000-missing/

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November 06, 2013, 06:51:32 AM
 #36

We all need a way to buy bitcoins right?

Indeed, and ideally IMO exchanges should be left to bots and institutional investors, while the average user should be doing it peer-to-peer. No BS fees or thefts, no regulation of economic liberty and others out of existence, and you may opt to exchange goods and services P2P rather than simply the fiat-BTC-fiat speculation closed loop. I just don't see any be-all, end-all tool for P2P ready for primetime yet. LocalBitcoins was a good first step, Elqnt may be the second...

I think we are a failure of our own success. I mean who is running the exchanges, in-experienced, young programmers and entrepreneurs. They don't know how to run an exchange, they don't know how to deal with laws changing. You can't go into this area and have a half-assed job and think you are going to get somewhere. This isn't a web 2.0 company where you roll out and hope the servers don't fall over. An exchange needs months of testing, a legal team and a programming team that can go from new features to fixing new bugs in 2 secs without losing a cent. This isn't easy stuff, but all think it is. I get asked almost once a month to be a partner on an exchange site. And I will ask them do you have a business plan 99.9% don't have a business plan so that makes it easy. The 0.1% that does have a business plan makes zero sense and will fail in a month.

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MoneyGod
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November 06, 2013, 07:50:14 AM
 #37

1...
2...
3...
WE WILL NOT USE ONLINE WALLETS ANYMORE.

Good job class!

COME ON NO ONE SAW THIS COMING? INSTAWALLET HACKED, BLOCKCHAIN HAD THERE HACKS, IT WAS GOING TO HAPPEN AT SOME POINT NOW INPUTS OFFICIALLY HACKED. Targets are painted in red with online wallets, unless you have google's security team to quickly step in when a hack is going down, they are not safe. Look now TF is sleeping dreaming of bitcoins that he is making, while he is getting wiped clean. Not good.

I am not saying, I told you all so, but I told you all so. Now lets put all our money on local clients.

No please, online wallet is good.... just need more protections thats all...

you can use online wallets, but at some point you will lose those coins. No site is hacker proof, they can't be it is impossible. Inputs is even worst, you have no control over the private keys so you don't have control over the coins. End of story.


Newbies don't do this, don't fight it, we seen the worst of the worst you have not.

TradeFrotress said that they will reimburse.. So I guess its consider safe?

LOL yes reimbursements == safe! It will never be safe. If google can't 100% secure their site, how do you think one freelance person going to do that?

its not happen first time its happen many times and now we must have to think about our money we cannot offored to lost again and again on these online wallets unless they have 100% security

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November 06, 2013, 02:25:32 PM
 #38

We all need a way to buy bitcoins right?

Indeed, and ideally IMO exchanges should be left to bots and institutional investors, while the average user should be doing it peer-to-peer. No BS fees or thefts, no regulation of economic liberty and others out of existence, and you may opt to exchange goods and services P2P rather than simply the fiat-BTC-fiat speculation closed loop. I just don't see any be-all, end-all tool for P2P ready for primetime yet. LocalBitcoins was a good first step, Elqnt may be the second...

I think we are a failure of our own success. I mean who is running the exchanges, in-experienced, young programmers and entrepreneurs. They don't know how to run an exchange, they don't know how to deal with laws changing. You can't go into this area and have a half-assed job and think you are going to get somewhere. This isn't a web 2.0 company where you roll out and hope the servers don't fall over. An exchange needs months of testing, a legal team and a programming team that can go from new features to fixing new bugs in 2 secs without losing a cent. This isn't easy stuff, but all think it is. I get asked almost once a month to be a partner on an exchange site. And I will ask them do you have a business plan 99.9% don't have a business plan so that makes it easy. The 0.1% that does have a business plan makes zero sense and will fail in a month.

That's a pretty good explaination of what can go wrong running an exchange. I prefer using an exchange which is based in my own country. It's a bit smaller than normal exchanges, but their service is really good. The exchange rates are also pretty good.

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Segwit | Core 0.14 | Masternodes
XEVAN | DK3 | Electrum soon
Bitcore - BTX/BTC -Project












BSD -USDT | Bittrex | C.Gather | S.Exchange
Cryptopia | NovaExchange | Livecoin
Litebit.eu | Faucet | Bitsend Airdrop













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November 07, 2013, 12:25:38 AM
 #39

Inputs is officially a scam they can't payback and this is a sign it was a inside job. Thank you to all news outlets that called them high security! Coindesk YES you thanks for letting newbies think it was safe! Let's blacklist TF and coindesk from the community for running this scam!

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