Re: The Bank of Bitcoin- The World's Most Secure Bitcoin Service- Unhackable!
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One has to spend those 2-3 minutes EVERY TIME they log on. Since you know the IP and time of page loads, and when the next transaction is sent to you from that IP, you can tell who hasn't been checking hashes and how many coins those poor careless souls have in their wallets.
Actually, we have no way of knowing who is or is not checking hashes. And actually, it takes less than 30 seconds once you get the hang of it.
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The safest place to keep your coins is in your own qt wallets, back them up - Plain and simple, no need to send your coins off to some "bank", if MTGOX and other exchanges and sites get hacked, this will too, keep your coins in your own wallets -
The SAFEST place to keep your coins is OFFLINE, in paper form, hence our Paper Vaults, which are created and printed using client-side javascript on the user's computer. The coins in your Paper Vault aren't sent off to our "bank," but remain OFFLINE in your Paper Vault. The Bitcoins and Private Keys in your Paper Vault are in YOUR hands, NEVER ours. And that's the point.
Don't be confused or mislead by the term "Bank" in our name...perhaps we should have called ourselves The "UnBank" of Bitcoin...because we are unlike any other Bank, reflecting the unique nature of Bitcoin itself.
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This site actually seems like more of a hassel than just running your own client...
Actually, nothing could be further from the truth. Running your own client only allows you to spend Bitcoins from the same device where you stored them, while The Bank of Bitcoin allows you to spend them from any Internet connected device. Furthermore, there is no need to drain your own memory, cpu resourses, or bandwidth, or to back up wallets. Just create your Paper Vault, print as many copies as you like, and store your coins there, in the most secure form of Bitcoin storage possible.
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BitCoin was created to get away from banks, not to create new, supposedly unhackable shit sites. Srry the language but that's my opinion...
Paper Vaults, like paper wallets, ARE unhackable. We have never stated that ANY site is unhackable, just that Paper Vaults are. And no problem about the language.
