Quote from: eerygarden on July 23, 2015, 08:37:30 AM

Quote from: Jhacker on July 23, 2015, 08:08:27 AM

Quote from: eerygarden on July 20, 2015, 07:19:02 AM

Quote from: Jhacker on July 20, 2015, 06:21:29 AM

Quote from: eerygarden on July 18, 2015, 11:50:43 PM

Quote from: unamis76 on July 18, 2015, 11:24:35 PM

Quote from: eerygarden on July 18, 2015, 08:31:10 AM

1.5% is decent no?

Not decent at all, especially when you think how many users they have, and how many "1,5%"'s they take...

Aye, but there is no one out there using bitcoin to do anything like 1.5% at present.

I'm doing .5%, just in bitcoin only. If you have to pay 1% on either end to exchange into bitcoin, it's a little bit more, but if you get paid in bitcoins or buy them directly with localbitcoins.com, etc. it's cheaper.

Bitcoin only transfers cost a penny. How much business are you doing? Perhaps I am missing something, but isn't your service obsolete?

The site doesn't require downloading a software wallet, which is a major hurdle to user adoption. The only thing users have to know is the private key (and where they want to send it, of course). Boom, they can send the money. Even though to a technical person wallets are easy, to a non technical person it may make more sense to simply hold on to a key and use a one page, Google-like website to quickly send money. Helps educate people on how bitcoin works too.

Similar to the non-software wallet on blockchain.info?

No, not really; that's just an online wallet. So you still have to sign up with a username and password, and the site stores your private keys. This means that if you lose your password/mnemonic, you lose your bitcoin, and you are vulnerable if blockchain.info ever gets hacked.

Morsecoin.com is simply a bitcoin transaction front end. It does not require a user account or store any private/public key info. You can secure your private keys however you think best, and when you are ready to send money, you simply go to the website and paste the private key into the form. The balance is checked using the public key; the private key is never stored even in so much as a javascript variable. It only exists as the value of the form field. Transactions are built and signed client-side using javascript, and only the signed transaction is transmitted to the bitcoin network (uses the bitcore.js library). So it is completely secure, does not require any accounts or initial set up, and there is nothing to be hacked!

Furthermore, morsecoin.com provides a feature which ensures that you do not send bitcoin to the wrong address by mistake. If you send bitcoin using the "confirmed" method, an email will be sent to the recipient requiring them to verify that they own the address with their private key. Again, the private key is not stored and is simply used to verify ownership of the public address, after which the signed transaction is released to the bitcoin network.