If this is a beta version, then it should be on the testnet. Why say something is in beta when people are putting money on the line? Nonsense.
Huh? Dude the wallet is in beta. Not the coin. If the core of the coin was in beta then ofcourse it would run on a testnet.
Just because the wallet feature is in Beta, why should the coin be run on Testnet? This is not a hardfork. Doesn't make any sense. I guess you do not understand even how the Bitcoin Protocol works. The stable wallet is also available. This beta is only for those that want a first hand on this wallet. The beta wallet DOES NOT AFFECT the coin.
Only SFRMS is in Beta. Not the entire wallet.!
Hmm, yes, sorry, that was my lapse in judgement. And yes, I definitely do not fully understand the bitcoin protocol. I am learning every day.
But please answer this: How will you ensure that the users are secure when connecting to price check, or to the block explorer?
Edit: Do you know Gmail was in Beta for 2 years and so was Orkut. But people still used it on a large scale and well put their "money" in it.
Yes, that was a lapse in judgement.
Can you reply to my other contentions?
If you have knowledge on networks, there are two types of requests, GET and POST. The exchange data is a publicly available API which uses GET request.
In a GET request, no info is given but only retrieved. Users are not "connecting" to the price check or the "explorer". All these are GET requests and loaded directly from the appropriate websites.
Every feature that downloads content from the Web, has an independant container. Example, the price check and explorer.
The beauty of implementing such a technology is in case for example the Bittrex exchange is hacked, and some malicious code enters into the exchange API. Even though your wallet is accessing that API, that malicious code cannot affect the entire wallet or the system unlike a web browser that can install extensions infecting your entire computer.
All containers are independant. We are not saying this is 100% secure. Nothing in the world is 100% secure. If your system has access to the outside network, there are many ways it can get affected. We are just trying to increase the security as much as we can.
Independent containers increase security. The same can happen to a block explorer. But these are all one-way displays. So it wouldn't matter.
Also phishing attack is negligible. Because we embed the website in the code.
For example to display the block explorer, we embedded the explorer's website url into the code so a fake url can't be shown to you. But then someone can hack the block explorer website and display some other content. But the users security is in place since no info of their's is given out since all this is a GET request.
If you are worried about coins being lost, nothing of this can happen because all are independent containers. The malicious code
CANNOT have access to your wallet.