either way the lesson will be "trust no one to hold your coins".
SecondedApparently every new batch of Bitcoiners will need to learn this valuable lesson.
If you aren't the sole controller of your private keys, you don't have any bitcoins.
Take whatever steps necessary to be the sole controller of your private keys people!
yep
But instawallet is really convenent and if you need spend, it is such a snap to use. They even have a iphone HTML5 app.
Anyway, I put some funds there with the intention to spend, but still got a little panic (not really, but my money there is not immaterial either).
I guess I will just take some BTC out there after this fiasco. (It wasn't really signficiant amount money, but BTC keep rising and now not a change any more!)
Essentially, the only way I use Instawallet is I use it to condense all the small transactions that I get from faucets (that's my only source of Bitcoins
) and when I get BTC0.02, I send BTC0.01 to my other wallet. So I never keep more than BTC0.02 there.