Quote from: DannyHamilton on July 28, 2015, 12:36:53 AM

Quote from: SebastianJu on July 27, 2015, 09:40:53 PM

Quote from: DannyHamilton on July 27, 2015, 02:22:04 PM

Quote from: SebastianJu on July 27, 2015, 01:13:38 PM

Thats interesting and i hear that the first time.

Really? This has been well established since blockchain.info wallet was first announced. How did you manage to participate in this forum long enough to become "Legendary" status without understanding that blockchain.info receives encrypted private keys and does not receive the decryption key?

By not using online wallets. Tongue

I never understood why someone would put his coins to a website that only serves as a wallet when he could hold his coins safe at his own home too.

Sure, but previously when you said:

Quote from: SebastianJu on September 19, 2012, 01:47:53 PM

Online wallets are too insecure for me. I mean why taking the risk to give another person all your bitcoins only for letting them lay there?

Someone responded explaining:

Quote from: picobit on September 19, 2012, 06:09:58 PM

blockchain.info never gets access to your private keys. They are stored on their server encrypted, but the encryption/decryption occurs in your browser, so they cannot steal your coins.

You do understand that your wallet doesn't actually have your bitcoins, right? Your bitcoins (to the extent that they even exist) are represented in the blockchain that every full node has a copy of. Your wallet is just storing your private keys for you. If there is malware running on your computer, it can steal your bitcoins (by gaining access to your private keys) just as easily from your desktop wallet as from a web based wallet like blockchain.info.

Yes, i know that bitcoins belong to those who can access them on the global blockchain and accessing can who has the private key. Regarding blockchain.info, i simply did hear the first time that blockchain doesnt actually has the private keys. Thats interesting.

Sure, private computers can be hacked too though you can protect yourself against it. I think the past has shown that generally the risk of losing coins in an online wallet is magnitudes higher than the risk losing them on your computer, when you are cautious. The percent of online wallets that went down would have brought bitcoin down when the same percent of personal wallets on computers would have been "hacked". The online wallets are simply great targets for hackers, while hackers wont bother with personal computers too much when it is hard to get something. Hackers would prefer the quick and dirty way of mass hacking.