the thing that i find funny is that frozenbit does the generating of the 3 keys and gives them to users.. which i find less secure and less user friendly than simply allowing me to use my own privkey offline, which is also easier to input and keep safe.
If they don't allow the user to do it client side offline, like bitaddress.org does... then IMO its a non starter.
+1 exactly. which is why i wonder why in hell it needs 2 factor, 3 sig keys to send funds all of which makes it more irritating to th user just to log in, rather than an offline transaction maker similar to bitaddress.orgs offline key generator scenario.
imagine it, frozenbits concept
1. type in username
2. type in lengthy password (most probably saved to a file if very long)
3. press login button
4. open email
5. copy code sent to email
6. paste code
7. press submit. (now finally logged in)
8. enter first sig key.
9. enter second sig key.
10. enter destination.
11. enter amount.
12. press send.
thats 7 processes a customer needs to do just to log on and then 5 to send funds. requiring 5 pieces of customer data just for login
my concept
1. enter Privkey
2. press submit
3. enter destination
4. enter amount
5. press send.
the frozenbit "wallet" should not be advertised as a personal wallet service. but as a "joint account" wallet service for board members and groups, as its very flawed for single individuals to use as a simple wallet