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Bruce Wagner (OP)
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July 29, 2011, 01:16:13 AM
Last edit: July 29, 2011, 01:26:36 AM by Bruce Wagner |
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What is the Best Safest Easiest Most Trustworthy Web-based Wallet for Non-Technical People....for somewhat large amounts of bitcoin?
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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BookLover
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July 29, 2011, 01:34:57 AM |
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I have been with MyBitcoin for at least six months and have had no trouble with them.
P.S. I know my reputation isn't much but I've actually been on the forum for a long time, I just don't post much.
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Bruce Wagner (OP)
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July 29, 2011, 01:37:19 AM |
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I guess I should have specified.... Other than MyBitcoin....
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ctoon6
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July 29, 2011, 02:01:45 AM |
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at this point i do not think i would classify any web based bitcoin service as "safe". only until i know they will back losses causes by their faults will i consider such a service to be safe.
you are best off running a ubuntu live cd and making an offline wallet that has never had contact to the web. just be sure you back up that wallet file to multiple flash drives.
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saqwe
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July 29, 2011, 02:08:37 AM |
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I hope under will emerge a competitor to my bitcoin. Our they change their policy concerning password resets via mail
I mean no mail at all? C• Mon
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OgNasty
Donator
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Activity: 4732
Merit: 4239
Leading Crypto Sports Betting & Casino Platform
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July 29, 2011, 02:29:42 AM |
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Use mtgox.com and a yubikey.
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ctoon6
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July 29, 2011, 02:31:04 AM |
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Use mtgox.com and a yubikey.
Do you still trust mt. gox after they acted like paypal and reversed all transactions done for a certain amount of time for nothing. |
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FreeMoney
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Strength in numbers
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July 29, 2011, 02:44:07 AM |
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Use mtgox.com and a yubikey.
Do you still trust mt. gox after they acted like paypal and reversed all transactions done for a certain amount of time for nothing. Yes. Do you still torture kittens for fun (like Satan)? |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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ctoon6
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July 29, 2011, 03:29:24 AM |
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Use mtgox.com and a yubikey.
Do you still trust mt. gox after they acted like paypal and reversed all transactions done for a certain amount of time for nothing. Yes. Do you still torture kittens for fun (like Satan)? yes(never have) |
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Piper67
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Merit: 1001
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July 29, 2011, 03:31:20 AM |
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Not sure about safest, but instawallet has got to be the easiest.
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Bruce Wagner (OP)
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July 29, 2011, 04:00:59 AM |
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Not sure about safest, but instawallet has got to be the easiest.
I just don't like the fact that the URL is the password to all your money. |
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casascius
Mike Caldwell
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Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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July 29, 2011, 04:03:16 AM |
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Why not just generate a keypair with any utility that can do so, and keep it on a piece of paper?
Utilities that can generate keypairs include vanitygen and a Bitcoin Address Calculator utility I released (as source code only). There's also a Linux shell script called "BOTG" (Bitcoins Off The Grid) that generates a keypair using OpenSSL. Of course, you probably already know I sell pre-generated Paper Bitcoin Wallets. And BitBills is apparently selling a "bank card" which is pretty much the same thing, just engraved on a metal card instead of a piece of paper.
Obviously the generation and redemption is not trivial for a non-techie, but the maintenance of it is. He just has to keep his piece of paper hidden away. If the non-techie merely wants to hold BTC, it may suffice.
Eventually one of these exchanges are going to wise up and allow you to make deposits by typing in a Bitcoin private key.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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ctoon6
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July 29, 2011, 04:05:49 AM |
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now that i think more into the situation http://bitcoinjs.org/That online wallet solution may or may not be working, but if you get a techie friend of yours to host it for you, then you are in luck, else you could try getting someone on the forums to try, that is if the code is mature enough to even run. i can not be too sure about security either, but the concept is good because the server never sees your private keys, so security may not even be an issue on the server side. more info http://www.youtube.com/watch?v=KTmFwnIRG9c |
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Smalleyster
Member
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Activity: 84
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I yam what I yam. - Popeye
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July 29, 2011, 04:16:30 AM |
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What is the Best Safest Easiest Most Trustworthy Web-based Wallet for Non-Technical People....for somewhat large amounts of bitcoin?
I am *convinced* that bootable usb Linuxcoin (with a a simple system around how you use it and back it up) is far better than any bank, safe, mattress, deep hole in the woods/desert, or any combination thereof, could ever be. |
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Bruce Wagner (OP)
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July 29, 2011, 04:53:54 AM |
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Where can I get that Linuxcoin?
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qikaifu
Full Member
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Activity: 168
Merit: 100
God creats math and math creats bitcoin.
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July 29, 2011, 06:27:08 AM |
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What is the Best Safest Easiest Most Trustworthy Web-based Wallet for Non-Technical People....for somewhat large amounts of bitcoin?
I am *convinced* that bootable usb Linuxcoin (with a a simple system around how you use it and back it up) is far better than any bank, safe, mattress, deep hole in the woods/desert, or any combination thereof, could ever be. it's not easy. |
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Smalleyster
Member
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Activity: 84
Merit: 10
I yam what I yam. - Popeye
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July 29, 2011, 07:09:21 AM |
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What is the Best Safest Easiest Most Trustworthy Web-based Wallet for Non-Technical People....for somewhat large amounts of bitcoin?
I am *convinced* that bootable usb Linuxcoin (with a a simple system around how you use it and back it up) is far better than any bank, safe, mattress, deep hole in the woods/desert, or any combination thereof, could ever be. it's not easy. Nothing of true value ever is ever "easy". He asked for "Easiest". 8^) |
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Bruce Wagner (OP)
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July 29, 2011, 11:26:49 AM |
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Creating a bootable USB system is not easy.
Even booting from a USB is not easy.
Do we really expect Fred and Marge from Toledo, the barely can work a mouse crowd, to be able to do that?
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idev
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July 29, 2011, 12:44:46 PM |
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Not sure about safest, but instawallet has got to be the easiest.
I just don't like the fact that the URL is the password to all your money. I understand your concerns, we are creating a viable option which will attempt to address these types of issues. |
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