Post
Topic
Board Service Discussion
Re: Instawallet/Bitcoin-Central Security Breach
by
Phinnaeus Gage
on 03/04/2013, 23:50:17 UTC
sending your funds to a wallet consisting in an non-password protected URL is RIDICOLOUS
These services have their place. Instawallet is a brilliant service for introducing newbies to bitcoin. A newbie can have a bitcoin address up and running and making payments, literally within seconds. In this era of short attention spans, the Instawallet service is invaluable for spreading bitcoin adoption.

I frequently tell friends to visit Instawallet.org and quote me the address they see. Then I send some small change to that address. They immediately "get" bitcoin.

Therefore, all the NPO/NGOs I emailed with InstaWallet.org in the text will look upon Bitcoin as a farce if they happen to click the link.

Currently on Page 8 of this thread, hoping there's good news by the time I get to Page 14.

So far it's looking like this'll be the first time I lose bitcoins via another entity. The ONLY saving grace is that it was all profit, but then again so is close to 100% of all the barn wood I currently have in stock, but would hate it if the buildings burned down or I was ripped up off of the entire lot.

I'm holding my tongue till I reach the end of this thread.

Madness!!!

~Bruno K~