This isnt a FUD post.
I am genuinely concerned about things like this happening. Bitcoin has to become more robust or at least the people who are supposedly leading the way.
I use blockchain for my hot wallet, a very small amount in there but once again I cant access my BTC. It is all getting very tiresome.
I have been with my fiat bank for 30 odd years, I have ALWAYS been able to access my money.
BTC isnt a valid currency still.
So blockchain.info is down couple minutes and you start panicking? comeone give them a break. they have work over their head and they still manage to be online 99.(alotfnines).
It's been down several hours now. I stand by my first post.
Things have to improve if BTC is going to be come accepted by the masses.Hopefully things will become more robust.
I agree (with the part I put in bold). In terms of people who want to hold their own keys, we need robust hardware wallets. In terms of people who want their keys held by others, we need big players with long track records and lots of insurance/bonding (and ATMs or partnerships with local stores to make deposits/withdrawals ubiquitous). We also need well thought out hybrid solutions with things like split keys - solutions which I only can currently outline today because even a formal specification has not yet to my knowledge been written.
Blockchain.info is really none of this. On the other hand, I believe they're doing pioneering work with regard to things like CoinJoin. Not anything that I'd consider fit for "the masses", but important work nonetheless.
You say you had your website up since 1998. Bitcoin hasn't reached 1998 yet. This is a technical problem, but it's also a regulatory one. Unfortunately, I think we're more likely to move in the wrong direction on this one, at least at first.
As for "alotofnines", by the time that was written they were already down to about 3 nines for the year (2014), and now they're down to 2.5 or so. That's not very good, really. (I demand a full refund.
)
