All the tools exist such that we don't need to place very much trust in service providers, and I'd like to see this old model finally abandoned. If the only complication to the user experience is that they have to safely store a rarely used, never updated private key, then I think that's something most people can easily adapt to. Notice that this is the exact same UX as Firefox sync, so it's not exactly unprecedented in mainstream use.
agreed, but the ability to store ones wallet in the cloud is essential for mass adoption. The faster someone figures out how to do this properly with immediate confirmation, the faster you will be able to use BTC retail.
+1, but what is the incentive to use BTC retail? Its overpriced.
Um, don't buy their overpriced shit and their prices will have to come back to reality lest they go out of business? They might also price their goods in more stable currencies, and convert during sales so that their advertised prices don't get out of wack while exchange rate fluctuates. There's an incentive to use it to avoid the banking system (provided you already own BTC...). Plus, added privacy - you don't have to give your personal/credit card information out to every single website you deal with.
I feel like a salesperson now.
But really, one thing at a time. This thread is about the trust problem.