Quote from: picobit on September 17, 2012, 06:48:19 PM

Quote from: RyanRed on September 16, 2012, 10:49:45 PM

Alright thanks for the posts everyone!

One last question. Those of you that do use blockchain. Would you be comfortable with having say $10,000 worth of coins in your account, and be completely free of worry? In other words, do you trust the site to hold large amounts of money, and just letting it sit there as a savings if you will?

Thanks again!

-Ryan

No, I would not! If for no other reason then because every time their site is down for a few hours - or worse misbehave because the backend is down, I get worried that they have been hacked. They haven't, of course, and even if they had it would be *very* difficult to run with my coins because of the double encryption - but perhaps they could manage somehow to poison the javascript and get the password. Anyway, I happily use blockchain.info for everyday bitcoining, but would suffer a nervous breakdown every time the site was down if I had that kind of money in it

For that, I recommend an offline wallet, for example Armory.

The hacker can't access your coins, unless they obtain your password. Sure it's possible to completely hack blockchain.info and change the source code to steal passwords, but it's unlikely to happen. I believe piuk has some type of monitoring that detects malicious source code checksum change and he would be alerted almost immediately.