Post
Topic
Board Bitcoin Discussion
Re: Here we go again ...now its Instawallet.org ?
by
westkybitcoins
on 06/08/2011, 14:59:14 UTC
Retards why cant you just keep your own wallet. Is it really so hard?  All i see around here is a bunch of people crying about how someone stole my bitcoins.  well you deserve it. IMO

Watch what you say man, you could jinx yourself there Wink.  For a lot of people keeping there wallet online is much safer and convenient.  The fact is more and more people using bitcoin these days aren't tech people, and you can't expect them to know what measures they need to take to protect their money either on a server or on their own computer.  Instead of people pointing and laughing at the people who lost their bitcoins why not make security software to help protect them?

I have a friend who likes to play the lotto, so I convinced him to spend a little $$$ on bitcoins (seems like the better bet to me, despite the lower payout.) I gave him two copies, burned to CD, of a wallet with his bitcoins in it. I've shredded the copy I had, so he has total control over and responsibility for it. It's pretty safe, and until he gets active accepting and spending them, it should be convenient enough.

Should he start actually wanting to make occasional use of the wallet, I'd point him toward his computer and explain how to use the client.

Not until he got to the point where he was walking around and exchanging BTC on the spot would I suggest an online wallet, and describe the risks involved.

And of course, were he... unwise enough to put his entire stash online, and lose it, I'd probably just shrug and say "I told ya so."