Post
Topic
Board Development & Technical Discussion
Re: Feedback on P2SH web wallets
by
mbelshe
on 07/11/2013, 20:10:43 UTC
Safe and web wallet don't go together! STOP WITH WEB WALLETS, they are not safe, they don't help the community. Local wallets help the community.

You might be over-reacting to the word "web wallet", which does have some very insecure forms.  But I'm not referring to the same-old thing here.  I suspect you didn't read what I wrote :-)

I think we absolutely do need to figure out how to build a secure web wallet.  The fact is that most people can't keep malware off their machines today.  This has nothing to do with bitcoin.  If you can't securely administer a machine, how could you possibly securely manage a local wallet?  Further, you need to backup your keys, but most people can't administer proper backups either.  Is it really a requirement that you need to be both a security and IT expert before you can use bitcoin?  If so, you're making Bitcoin much smaller than it could be.

The proposal uses a combination of keys, one local and one server side to secure your keys, with a 3rd available to help as a backup.

You're right, it doesn't "help the community" (I assume you're referring to joining as a peer in the network); I'd love to figure out better ways to solve that part of the problem.

Mike