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November 21, 2013, 05:46:44 AM |
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This hurts me, it physically pains me to listen to this, cause he is spreading the extremely wrong idea about bitcoin wallets. Bitcoin wallets are suppose to be applications that the user can only have access too. Just wrap a wallet in fancy crypto does nothing, it gives a false sense of security. Remember e-mail you had to use alpine, then you at some point you had client applications like outlook or thunderbird, then you had gmail. It was this nice progression. In bitcoin wallets, we need to have this nice progression, instead of jumping to the cloud. I would never sleep at night knowing my bitcoins were in an online wallet.
The only wallet I can use safely is coinbase because A) They have investors, B) Brain Armstrong understands the bitcoin protocol and took ~80%-90% of the coins and put them in a paper wallet in a bank safety deposit box and C) I never keep more than I need for that day.
That is how we need to train people, your application on your desktop is main wallet 1, online wallets are only for the day at best. Coinpunk is giving a very false sense of this security. Also I like how he is calling on the developers to find bugs and fix it for him. You think any developer that is desperate enough going to report vulnerabilities, NO! they are going to wait until they are deployed then hit them.
Bitcoin Trust no one.
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