[2014-03-18] New Bitcoin glitch: Blockchain suffers hours-long outage

[seriouscoin]

Yup i made you click to read this ridiculous article:

http://news.cnet.com/8301-1023_3-57620465-93/new-bitcoin-glitch-blockchain-suffers-hours-long-outage/

[roslinpl]

Yup i made you click to read this ridiculous article:

http://news.cnet.com/8301-1023_3-57620465-93/new-bitcoin-glitch-blockchain-suffers-hours-long-outage/

With the high-profile collapse of Bitcoin exchange site Mt. Gox in February and then Flexcoin's failure earlier in March, Bitcoin backers could be forgiven for fretting about the fate of their virtual currency. Blockchain servers house nearly 1.4 million bitcoin wallets, but the company says the access problem is only a temporary glitch -- albeit one that's lasted more than 16 hours so far.
(...)

Omg ... this guy is crazy - he mentioned Mt Gox , FlexCoin and a BlockChain in one article
Perhaps he wanted to get more views.

Article is ridiculous.

[bitbouillion]

http://blockexplorer.com/ is up and running. My node is fine too. I see no blockchain outage.

[Carlton Banks]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

[seriouscoin]

http://blockexplorer.com/ is up and running. My node is fine too. I see no blockchain outage.

Dont we love these FUDs by media?

I'm actually sick of these so called tech editor.....How can we even read their articles?

[kjlimo]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

Does that mean if I reformat all of the computers I've accessed my blockchain.info account (including my phone), then I lose the bitcoins in my account?

I've heard your explanation plenty of times, but I don't technically understand it... I'm part of the morons who are relying upon blockchain for my "spending wallet" which isn't too much, but would suck if I lost it.

[cr1776]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

Does that mean if I reformat all of the computers I've accessed my blockchain.info account (including my phone), then I lose the bitcoins in my account?

I've heard your explanation plenty of times, but I don't technically understand it... I'm part of the morons who are relying upon blockchain for my "spending wallet" which isn't too much, but would suck if I lost it.

These links have a good explanation of it, better than I could explain (or type!) here, but you want to (a) keep a local (encrypted) backup just in case, and (b) if you know the blockchain.info password, they have it stored at AWS as their backup:

https://blockchain.info/wallet/how-it-works

And here:
https://blockchain.info/wallet/wallet-faq

:-)

[kjlimo]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

Does that mean if I reformat all of the computers I've accessed my blockchain.info account (including my phone), then I lose the bitcoins in my account?

I've heard your explanation plenty of times, but I don't technically understand it... I'm part of the morons who are relying upon blockchain for my "spending wallet" which isn't too much, but would suck if I lost it.

These links have a good explanation of it, better than I could explain (or type!) here, but you want to (a) keep a local (encrypted) backup just in case, and (b) if you know the blockchain.info password, they have it stored at AWS as their backup:

https://blockchain.info/wallet/how-it-works

And here:
https://blockchain.info/wallet/wallet-faq

:-)

Thanks lots; that's perfect!

[the_poet]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

Does that mean if I reformat all of the computers I've accessed my blockchain.info account (including my phone), then I lose the bitcoins in my account?

I've heard your explanation plenty of times, but I don't technically understand it... I'm part of the morons who are relying upon blockchain for my "spending wallet" which isn't too much, but would suck if I lost it.

These links have a good explanation of it, better than I could explain (or type!) here, but you want to (a) keep a local (encrypted) backup just in case, and (b) if you know the blockchain.info password, they have it stored at AWS as their backup:

https://blockchain.info/wallet/how-it-works

And here:
https://blockchain.info/wallet/wallet-faq

:-)

Thanks for the links, but I'm still uncertain as to what the answer to kjlimo's question is. Where are the priv keys used by Blockchain.info stored on my HDD? And will I lose my wallet if I reformat the systems I accessed Blockchain.info from?

Thanks for the patience

[flower1024]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

Does that mean if I reformat all of the computers I've accessed my blockchain.info account (including my phone), then I lose the bitcoins in my account?

I've heard your explanation plenty of times, but I don't technically understand it... I'm part of the morons who are relying upon blockchain for my "spending wallet" which isn't too much, but would suck if I lost it.

the keys are on their servers, but encrypted with your password.
i'd strongly recommend their email or dropbox backup

[seriouscoin]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

Does that mean if I reformat all of the computers I've accessed my blockchain.info account (including my phone), then I lose the bitcoins in my account?

I've heard your explanation plenty of times, but I don't technically understand it... I'm part of the morons who are relying upon blockchain for my "spending wallet" which isn't too much, but would suck if I lost it.

the keys are on their servers, but encrypted with your password.
i'd strongly recommend their email or dropbox backup

yup, they dont store any password, just encrypted data. If you lose your passwd, you will lose all your btc.

[Dimelord]

That article is the BitShit of the day. 

[westkybitcoins]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

Does that mean if I reformat all of the computers I've accessed my blockchain.info account (including my phone), then I lose the bitcoins in my account?

I've heard your explanation plenty of times, but I don't technically understand it... I'm part of the morons who are relying upon blockchain for my "spending wallet" which isn't too much, but would suck if I lost it.

I believe Blockchain lets you create a local backup. I would strongly recommend it, even a paper backup if they allow it.

[Gabi]

And of course, blockchain.info does not hold anyone's money, as their system is designed so that the private keys are held client-side on the users machine, not on the blockchain.info servers as the article states. I think everyone here knew this already, though.

Does that mean if I reformat all of the computers I've accessed my blockchain.info account (including my phone), then I lose the bitcoins in my account?

I've heard your explanation plenty of times, but I don't technically understand it... I'm part of the morons who are relying upon blockchain for my "spending wallet" which isn't too much, but would suck if I lost it.

Here lies the problem: people are using bitcoin and related services without having any idea of how it works. Private key? Backup? Wallet? What is that? They just think everything works. So long for the "be your own bank"

[Agent99]

It was down again yestoday! it was 25 min period it was down and it was 25 min I was nervous 

[the_poet]

It was down again yestoday! it was 25 min period it was down and it was 25 min I was nervous 

...and then a big red message showed up on the homepage: "All your bitcoins are belong to us"!

Relax guys!

[westkybitcoins]

It was down again yestoday! it was 25 min period it was down and it was 25 min I was nervous 

...and then a big red message showed up on the homepage: "All your bitcoins are belong to us"!

Relax guys!

Or rather, harsh as it may come across... learn a little about the technology you're dropping your money into!

[BigBrother]

Blockchainhas was down but for a short period of time . Still it's not ok that it has happened but there is no system that work without any problems! We should remember that Blockchain has been working very good for a long time and no dubt it is going to work well in future!

Btw, agree the article is ridiculous

[freedomno1]

Sigh swear these journalists have a destroy bitcoin agenda with inaccuarate propaganda aka not a bitcoin glitch but a blockchain one or are too much in a shell to care otherwise