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Why do people trust Blockchain.info so much?
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Topic: Why do people trust Blockchain.info so much? (Read 1283 times)
guybrushthreepwood
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Re: Why do people trust Blockchain.info so much?
March 01, 2014, 05:12:56 PM
#21
Quote from: cp1 on March 01, 2014, 04:47:53 PM
Quote from: flower1024 on March 01, 2014, 04:43:09 PM
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
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?
hercula
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Re: Why do people trust Blockchain.info so much?
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.
cp1
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Stop using branwallets
Re: Why do people trust Blockchain.info so much?
March 01, 2014, 06:56:08 PM
#23
Quote from: guybrushthreepwood on March 01, 2014, 05:12:56 PM
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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