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Author Topic: Why do people trust Blockchain.info so much?  (Read 1176 times)
guybrushthreepwood
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March 01, 2014, 05:12:56 PM
 #21

blockchain.info allows backups per mail and dropbox.
so its not a problem if they are down (but i never had that problem though)

i only use them for small amounts too.
big amounts need to be locked Wink

Most times I've seen someone lose bitcoins from blockchain.info it's because they sent a backup to their compromised email.  so be careful with that.

Are the wallet backups password protected when they're sent via email?
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hercula
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March 01, 2014, 05:25:36 PM
 #22

Email backups are encrypted with your account password, but be careful because if a hacker gains control of your email, or dropbox account, he could use it to spend your coins (if he knows your password), even bypassing 2-factor authentication.

Blockchain.info has a nice feature, which lets you decide a different password required to spend your coins. This is supposed to reduce further the risk of being stolen because your private keys would stay encrypted until you really need them.
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March 01, 2014, 06:56:08 PM
 #23

Are the wallet backups password protected when they're sent via email?

Yes, but it's a lot easier to crack a password offline than online because there's no rate limiting.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
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