-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 3rd party / web wallets are no longer viable except as means to burn customers and divulge (or be forced to divulge) their data to governments and corporations.
Rather than restate what I have already posted on this matter I'll leave it there. It's time also for those who are managing bitcoin.org to reconsider what's posted there (the criteria for what's posted there - at present the "web wallet" section should be excluded, that is to say, Removed! from bitcoin.org with the possible exception of CoinKite to remain, which has a reasonable argument for having made such privacy advances as to merit usage by people (and to remain at bitcoin.org) Additionally, I see no point in recommending any of the other wallets except Electrum, Mycelium, Core, and in the hardware side, the ones that appear (Trezor and HW1). Furthermore, I believe those of you who are working for Coinbase customer operations or Bitpay (I will not name names, you know who you are) should resign from your employment. I will bring this point up regularly. You can easily find employment elsewhere, your skills are in high demand. - -O Alon Muroch: > Bitcoin has a major crossroad ahead regarding a suitable platform > for the average non technical main stream user. Until now the > majority of the available solutions were at two extremes, or DIY > your security and privacy *OR* let a 3rd party service do it for > you. The DIY solution is obviously not scalable, but it seems that > 3rd party solutions are not scalable as well. If we compare for a > second a 3rd party services with traditional banks, it seems banks > have two major "advantages" over them. Entry costs for creating a > bank are HUGE so a priori very few people can actually create such > a service, second, their physical and IT security infrastructure > are heavily regulated which insures a minimum of security level to > the end user (and even so money is stolen frequently). Entry costs > and regulation do not exist in the bitcoin space, meaning two > programers in their spare time can create a wallet/ platform and > the non technical end user cannot know if his money is safe, did > they hire the right security expert, did they invest enough in > protecting and backing up his keys, etc. > > Many services tried to tackle those problems with multisig (2 of 2 > and 2 of 3) to create a syntactical 2 factor authentication/ > authorisation mechanism but in reality those solutions didn't > really increase security and their failure point is always a single > device. Coupling those said problems with the fact that bitcoin > transactions are irreversible and are a scarce commodity, trying to > insure them the way our money is insured by the government when we > deposit it in the bank becomes a huge problem. Premiums will be > very high and will only grow as the appetite of hackers to steal > coins increase. > > I personally believe we have the tools for creating a platform that > is both secure and private but most importantly it does it in a > decentralised way. Creating true 2 (or more) factor authentication/ > authorisation schemes can improve dramatically personal security to > a point where 3rd party wallet services will become a thing of the > past. Succeeding in that will mean the next billion non technical > bitcoin users will have a platform to use securely and a base line > for building cool services on top. > > Alon Muroch bitcoinauthenticator.org > >> >> > > > > ------------------------------------------------------------------------------ > > New Year. New Location. New Benefits. New Data Center in Ashburn, VA. > GigeNET is offering a free month of service with a new server in > Ashburn. Choose from 2 high performing configs, both with 100TB of > bandwidth. Higher redundancy.Lower latency.Increased > capacity.Completely compliant. http://p.sf.net/sfu/gigenet > > > > _______________________________________________ Bitcoin-development > mailing list Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > - -- http://abis.io ~ "a protocol concept to enable decentralization and expansion of a giving economy, and a new social good" https://keybase.io/odinn -----BEGIN PGP SIGNATURE----- iQEcBAEBCgAGBQJUwAGjAAoJEGxwq/inSG8CJoAIAMDR0h40IhFQNa8BW4AFeKUR 7tg84e752c7wY153GY/P7MOFL6w3E9h4tXzxdohTMMfF5Q6Ip6HaaifYmMpegFSS WEHK0a3C2F+4sQMmMBtWbfyPsG5sJYtldY5hboSbh/6vXJJLXLSd+Sz3WHYx1Qjs qn6sw5CA2Q0fborTxcsNZixUXD/OF5tTjDozp+KfnZ0imvBoKfhfJFlaNUXNon7U zdPfahOrRIM5o70pjo6VwoutKRXr49JIoi47r9Uc3ujckUbLA5CVBApj4FApayb5 sXk8Ks+p6IvBr6Q0ycxXOKmPwbSALC5pLa7Ncb1MFFBGzxKFsMjoRwOLTXHlLUE= =WgO4 -----END PGP SIGNATURE----- ------------------------------------------------------------------------------ New Year. New Location. New Benefits. New Data Center in Ashburn, VA. GigeNET is offering a free month of service with a new server in Ashburn. Choose from 2 high performing configs, both with 100TB of bandwidth. Higher redundancy.Lower latency.Increased capacity.Completely compliant. http://p.sf.net/sfu/gigenet _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
