Post
Topic
Board Archival
Re: The Bank of Bitcoin- The World's Most Secure Bitcoin Service- Unhackable!
by
Atruk
on 31/05/2013, 13:19:26 UTC
I'm willing to give BoB the benefit of the doubt and assume they really do believe that simply combining two existing services, a hot wallet and the ability to print paper wallets, is a viable business model. My problem is with the way they choose to promote it. It seems that they are attempting to conflate the two separate services in the mind of customers, giving the impression that their hot wallet service is unhackable.

Now I'm sure Veronica will reiterate that they aren't making the claim that their server is unhackable. However, by continuing to define themselves as "The World's Most Secure Bitcoin Service" without clarifying that this does not in fact refer to themselves but to paper wallets in general, the BoB will continue to be criticized.

All you've done is glue a banana to a shoe and called it "the world's most edible footwear"; it's deceptive and condescending and you should stop.

So much this. So much time has been spent on their paper wallets, that there hasn't been much discussion of the features they offer with their active wallets, and how those should be viewed with all of the caution a normal online wallet warrants (quite a bit).