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seriouscoin (OP)
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March 19, 2014, 01:30:06 AM
Last edit: March 20, 2014, 10:06:18 PM by malevolent |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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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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roslinpl
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Activity: 2212
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March 19, 2014, 01:36:33 AM |
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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. |
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Carlton Banks
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March 19, 2014, 02:50:42 AM |
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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.
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Vires in numeris
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seriouscoin (OP)
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March 19, 2014, 03:17:39 AM |
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Dont we love these FUDs by media? I'm actually sick of these so called tech editor.....How can we even read their articles? |
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kjlimo
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March 19, 2014, 01:25:01 PM |
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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. |
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cr1776
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March 19, 2014, 01:50:21 PM
Last edit: March 19, 2014, 02:07:25 PM by cr1776 |
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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-worksAnd here: https://blockchain.info/wallet/wallet-faq:-) |
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kjlimo
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March 19, 2014, 03:13:17 PM |
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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-worksAnd here: https://blockchain.info/wallet/wallet-faq:-) Thanks lots; that's perfect! |
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the_poet
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Bitcoin accepted here
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March 19, 2014, 04:20:51 PM |
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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-worksAnd 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  |
Under construction.
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flower1024
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March 19, 2014, 04:48:40 PM |
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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 |
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seriouscoin (OP)
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March 19, 2014, 07:04:58 PM |
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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. |
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Dimelord
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March 19, 2014, 07:10:46 PM |
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That article is the BitShit of the day.  |
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westkybitcoins
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Firstbits: Compromised. Thanks, Android!
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March 20, 2014, 02:56:06 AM |
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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. |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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Gabi
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If you want to walk on water, get out of the boat
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March 20, 2014, 01:15:47 PM |
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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" |
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Agent99
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March 20, 2014, 07:30:14 PM |
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It was down again yestoday! it was 25 min period it was down and it was 25 min I was nervous  |
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the_poet
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Bitcoin accepted here
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March 20, 2014, 08:11:47 PM |
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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!  |
Under construction.
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westkybitcoins
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Firstbits: Compromised. Thanks, Android!
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March 20, 2014, 08:15:09 PM |
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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! |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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BigBrother
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March 21, 2014, 12:25:22 PM |
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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
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freedomno1
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Learning the troll avoidance button :)
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March 22, 2014, 10:16:46 PM |
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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
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Believing in Bitcoins and it's ability to change the world
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