WayTooGosu (OP)
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Activity: 56
Merit: 0
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November 26, 2013, 09:05:26 PM |
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What is your opinion now on online wallets? After the big scandal with inputs.io. Do you still think they are safe to use? Do you think some of them may scam us like the way TradeFortress, owner of inputs.io, has been accused of doing?
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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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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malaimult
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November 26, 2013, 09:17:30 PM |
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stay away from online wallets. use btc client with a virtual machine!!!
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PenAndPaper
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November 26, 2013, 09:23:25 PM |
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My opinion is the same as it was before inputs.io
Avoid like plague.
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WayTooGosu (OP)
Newbie
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Activity: 56
Merit: 0
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November 26, 2013, 09:26:51 PM |
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My opinion is the same as it was before inputs.io
Avoid like plague.
What if whatever you stored your Bitcoins on stopped working? I know people who have lost a lot of BTC due to their phone breaking or their computer messing up to the point where a reformat is required. |
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MAbtc
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November 26, 2013, 09:31:29 PM |
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My opinion is the same as it was before inputs.io
Avoid like plague.
What if whatever you stored your Bitcoins on stopped working? I know people who have lost a lot of BTC due to their phone breaking or their computer messing up to the point where a reformat is required. You should always have back-ups of your wallet. A computer format or phone breaking shouldn't matter. Now that BTC is looking like it's going to stick around, securing your bitcoins should be a top priority. Stay away from online wallets. That includes Coinbase. You're asking for trouble. At best, there will be times when you want to access your coins and you can't, simply because they are not under your control. An online wallet = your coins are not yours. |
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PenAndPaper
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November 26, 2013, 09:35:43 PM |
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My opinion is the same as it was before inputs.io
Avoid like plague.
What if whatever you stored your Bitcoins on stopped working? I know people who have lost a lot of BTC due to their phone breaking or their computer messing up to the point where a reformat is required. Well that's why backups are for. I 'm not saying that local wallets are 100% secure because they are vulnerable to malwares etc. but at least your coins' fate is in your hands. |
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WayTooGosu (OP)
Newbie
Offline
Activity: 56
Merit: 0
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November 26, 2013, 09:43:23 PM |
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My opinion is the same as it was before inputs.io
Avoid like plague.
What if whatever you stored your Bitcoins on stopped working? I know people who have lost a lot of BTC due to their phone breaking or their computer messing up to the point where a reformat is required. Well that's why backups are for. I 'm not saying that local wallets are 100% secure because they are vulnerable to malwares etc. but at least your coins' fate is in your hands. I notice a lot of people are saying CoinBase has problems? Could you tell me what they are? And do similar problems exist with BlockChain? |
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MAbtc
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November 26, 2013, 09:43:34 PM |
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If you own an amount that you consider significant, it's probably a good idea to think about buying a cheap offline machine to store your coins.... tablet, netbook, something cheap.
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General
Member
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Activity: 106
Merit: 10
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November 26, 2013, 09:49:17 PM |
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They have so many more ways they can be hacked & stolen compared to desktop wallets.
If you care about the security of your funds, use Qt or Electrum.
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imbladednow
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November 26, 2013, 09:52:49 PM |
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If you own an amount that you consider significant, it's probably a good idea to think about buying a cheap offline machine to store your coins.... tablet, netbook, something cheap.
Or learn to use paper wallets... |
I need crypto in my life and garbage out of it.
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MAbtc
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November 26, 2013, 09:56:24 PM |
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If you own an amount that you consider significant, it's probably a good idea to think about buying a cheap offline machine to store your coins.... tablet, netbook, something cheap.
Or learn to use paper wallets... Sure, paper wallets are useful. However, I hate to break them. So I prefer to keep my coins on an offline machine in the case that I need to move funds. If I need to send an output, I can sign it on the offline machine and send from an online machine. |
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PenAndPaper
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November 26, 2013, 09:56:34 PM |
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My opinion is the same as it was before inputs.io
Avoid like plague.
What if whatever you stored your Bitcoins on stopped working? I know people who have lost a lot of BTC due to their phone breaking or their computer messing up to the point where a reformat is required. Well that's why backups are for. I 'm not saying that local wallets are 100% secure because they are vulnerable to malwares etc. but at least your coins' fate is in your hands. I notice a lot of people are saying CoinBase has problems? Could you tell me what they are? And do similar problems exist with BlockChain? I 'm not aware of any particular problems. You may search the forum to see if there are any. I 'm talking about the concept of online wallets that store your private keys. That i don't like. |
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MAbtc
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November 26, 2013, 09:59:59 PM |
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My opinion is the same as it was before inputs.io
Avoid like plague.
What if whatever you stored your Bitcoins on stopped working? I know people who have lost a lot of BTC due to their phone breaking or their computer messing up to the point where a reformat is required. Well that's why backups are for. I 'm not saying that local wallets are 100% secure because they are vulnerable to malwares etc. but at least your coins' fate is in your hands. I notice a lot of people are saying CoinBase has problems? Could you tell me what they are? And do similar problems exist with BlockChain? I 'm not aware of any particular problems. You may search the forum to see if there are any. I 'm talking about the concept of online wallets that store your private keys. That i don't like. Blockchain.info does use javascript, if I remember correctly. Malicious code could be used to compromise accounts. It is much better than hosted/3rd party wallets, though, which actually control your private keys. |
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Kinderachtig
Newbie
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Activity: 42
Merit: 0
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November 26, 2013, 10:05:29 PM |
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I have no expierence with online wallets.
I prefer using the official client wich is the savesst
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BTC_GHD
Member
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Activity: 98
Merit: 10
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November 26, 2013, 10:42:30 PM |
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I don't trust online wallets at all  |
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wikusia
Newbie
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Activity: 3
Merit: 0
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November 26, 2013, 10:56:39 PM |
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Don't use online wallets, use btc client from official site.
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PenAndPaper
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November 26, 2013, 11:38:11 PM |
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It is much better than hosted/3rd party wallets, though, which actually control your private keys.
Yes it is way better since they store your wallet encrypted. Still you should keep a backup of your keys locally. |
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OC19850520
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November 26, 2013, 11:51:15 PM |
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What is your opinion now on online wallets? These are not secure and do not last long. Never have there substantial amount of BTC. Only exception might be blockchain.info as they dont have your private key |
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