Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is too complex for the average person
by
MakingMoneyHoney
on 02/03/2015, 20:47:16 UTC
Owning bitcoin is not complex. Spending and protecting them takes time to learn.

I don't think it's that difficult. If people can online bank then they should be able to use blockchain.info.

I truly believe bitcoin is too complex for the average shopper right now. We need a secure contact-less medium, similar to a credit card, to bring high street shoppers interested in bitcoin. Changing people's daily habits is difficult. I am fine with bitcoin staying off the high streets and focus on cross-border "internet" payment system. This is the real strength of bitcoin.

What makes you think these things wont come? I'm sure there will be all sorts of wallet apps to do things like contactless payments and have advanced security features (finger print scanning etc).

Blockchain.info has a problem. New people hear of the blockchain and they think Blockchain.info is THE site to go to. (Doesn't help how much it was featured on CNN's Inside Man episode).

Blockchain.info was hacked. It's not that safe, but if Bitcoin became mainstream tomorrow, Blockchain.info would have a TON of new wallets created. Think of that, while reading this: http://www.reddit.com/r/Bitcoin/comments/2ohnb8/how_i_lost_15_btc_on_blockchaininfo_without_my/

Blockchain.info will look like it's the best online wallet for a newcomer, but it has many problems, and should not be suggested to those new to Bitcoin to put all of their money into it.

You have a source for any hacks? This looks like a technical problem, and while blockchain's fault, it doesn't qualify as a third party intrusion.

Yes there are sources, there were lots of news articles about the blockchain.info hacks. I was responding to people who would suggest using blockchain.info for people to store all their Bitcoins, when the site is just not safe for multiple reasons, not just because they're inept in saving all private keys, and not just third party intrusions. If hackers go after Windows more than other operating systems because average joes who can't protect themselves use it, think of Blockchain.info as the Windows of all Bitcoin wallets. It's going to be a target for as long as it's the most used.

https://www.cryptocoinsnews.com/interview-johoe-hacker-returned-800-bitcoins/

http://www.bitcoinaffiliatenetwork.com/blog/bryan/how-hackers-used-tor-to-rob-blockchain-info-and-localbitcoins-users/