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Topic: Be careful using Blockchain as your wallet... (Read 16534 times)

legendary
Activity: 2674
Merit: 1029
Anyone using a 3rd party wallet host will get all their coins stolen, confiscated, or magically disappeared at some point.  Nobody should use them, ever. It's safer, faster, and infinitely smarter to secure your own wallet file yourself.

how?

have the private key backed up

[2] My online wallet (blockchain.info) is encrypted with about 20 wordletter password and the sending of info is all opensource crypto

the worst that can happen is the online wallet service gets shut down, and they get a load of hashedupcryptobabble, and so I fire up bitcoin qt, elctum or whatever and carry on.
member
Activity: 96
Merit: 10
I have used Blockchain for some time without any problems. They had a hic-up earlier - last week, but seem to be fixed. On the login problem, make sure you are not mixing up passwords if you have several wallets to log into. Check your wallet identifier and make sure it matches your pw.
sr. member
Activity: 439
Merit: 250
I've been using Blockchain for a couple of months now. I've sent/received bitcoin on many occassions with no problems. All of sudden today I an unable to log in with my password. I am aware that Blockchain does not store your password locally so I wrote my password down on paper and put it in my safe. It is the same password I use on several of my banking sites, so I know the password well. For some reason I'm unable to log into my Blockchain account and there is no way they are able to help me!! I have this funny little feeling that they maybe have something to do with this. Since I'm unable to get to my money now and that account will just go stale I'm pretty sure that Blockchain will get that money eventually. Maybe they do this on purpose for random accounts? I'm %100 sure that I know my password. It is a little ironic that they don't store your password on their server and can't help me. Strange. So, if you have a lot of money tied up on Blockchain I would send it to your local wallet instead. I'm finding out that the best place to keep your bitcoin is your local wallet and NONE of these online places.

They dont store the password for security purposes. This means that anyone that infiltrates their DB's can get all the identifiers they want but wont be able to do a damn thing with them other than look at them and wish they had a password
vip
Activity: 756
Merit: 503
DropBox and :
legendary
Activity: 1400
Merit: 1013
Why use an online password manager when you can use http://keepass.info (Open source and free) and backup the encrypted password database on DropBox or GoogleDrive?
Because keepass doesn't work as well as LastPass when it comes to automatically and seamlessly keeping everything in sync between multiple desktop machines and a mobile device.
vip
Activity: 756
Merit: 503
Why use an online password manager when you can use http://keepass.info (Open source and free) and backup the encrypted password database on DropBox or GoogleDrive?
legendary
Activity: 2674
Merit: 1029
I've been using Blockchain for a couple of months now. I've sent/received bitcoin on many occassions with no problems. All of sudden today I an unable to log in with my password. I am aware that Blockchain does not store your password locally so I wrote my password down on paper and put it in my safe. It is the same password I use on several of my banking sites, so I know the password well. For some reason I'm unable to log into my Blockchain account and there is no way they are able to help me!! I have this funny little feeling that they maybe have something to do with this. Since I'm unable to get to my money now and that account will just go stale I'm pretty sure that Blockchain will get that money eventually. Maybe they do this on purpose for random accounts? I'm %100 sure that I know my password. It is a little ironic that they don't store your password on their server and can't help me. Strange. So, if you have a lot of money tied up on Blockchain I would send it to your local wallet instead. I'm finding out that the best place to keep your bitcoin is your local wallet and NONE of these online places.

I use last pass that ensures my password is right
legendary
Activity: 2324
Merit: 1125

I wish I had 1 BTC for every time I saw a browser just like that one on someone elses' computer, mainly computers used by females lol

I find it quite impressive they are able to use such browsers. I doubt I would not be able to...
legendary
Activity: 1400
Merit: 1013
The only thing that would make LastPass better is if they would accept bitcoin for their premium subscriptions.
legendary
Activity: 2128
Merit: 1002
I've been in the IT industry for 15 years and nowadays I use LastPass to generate random secure passwords.
legendary
Activity: 1274
Merit: 1000
Personal text my ass....
I am the original poster and pretty much lost all the funds that were in that blockchain wallet. I'm in my 40's and have worked my way up through the IT world and I'm very familiar with how things work and how important it is to have good, secure passwords. I have two factor authentication on all my banking sites and have "similar" passwords on all the sites with different variables. Lets just say the variables alone are more strong then most users regular passwords. It is very unlikely I lost or forgot my password. I've never done that in the 20+ years I've used passwords. Anyway, there wasn't much money in there to begin with, but it does make me wonder how it happened. Since then I've strictly used the old original bitcoin local wallet. Backup my wallet to several places, encrypt it the wallet itself, again and I've been safe ever since. Oh well, what can you do.

sr. member
Activity: 434
Merit: 250
I run a PC repair shop so I'm starting to feel like EVERYONE has MyWebSearch and Freeze and iLivid and Freeze.  How fucking stupid are people?!

You would not have as much business without their ineptness.
sr. member
Activity: 392
Merit: 250
I run a PC repair shop so I'm starting to feel like EVERYONE has MyWebSearch and Freeze and iLivid and Freeze.  How fucking stupid are people?!
legendary
Activity: 1615
Merit: 1000
How is using a browser interface any different than using a stand alone piece of software?

This:



If your browser looks like that, the rest of your OS isn't likely to be very secure, either.
legendary
Activity: 1386
Merit: 1002
How is using a browser interface any different than using a stand alone piece of software?

This:



I wish I had 1 BTC for every time I saw a browser just like that one on someone elses' computer, mainly computers used by females lol
sr. member
Activity: 392
Merit: 250
How is using a browser interface any different than using a stand alone piece of software?

This:

legendary
Activity: 2142
Merit: 1010
Newbie
Blockchain.Info definitely has a problem - https://bitcointalksearch.org/topic/m.1297566
hero member
Activity: 955
Merit: 1002
Anyone using a 3rd party wallet host will get all their coins stolen, confiscated, or magically disappeared at some point.  Nobody should use them, ever. It's safer, faster, and infinitely smarter to secure your own wallet file yourself.

They only host an encrypted wallet that is decrypted in the browser. They do not store any bitcoins.
There is no difference in me using this service than using the official client - except it is much more functional and can be accessed from any computer.
The same vigilance is necessary (key loggers etc) but blockchain wallet is worlds apart from the mybitcoin like websites that you have to trust to hold bitcoins for you.
You remain in control - you hold all the private keys.
How is using a browser interface any different than using a stand alone piece of software? - it's just a program running in the browser. You can even use it offline.
It's open source and you can examine the code: https://github.com/blockchain
sr. member
Activity: 392
Merit: 250
Anyone using a 3rd party wallet host will get all their coins stolen, confiscated, or magically disappeared at some point.  Nobody should use them, ever. It's safer, faster, and infinitely smarter to secure your own wallet file yourself.
hero member
Activity: 560
Merit: 500
I am the one who knocks
It is a little ironic that they don't store your password on their server and can't help me. Strange.
I think you need to re-educate yourself with the meaning of irony: http://theoatmeal.com/comics/irony
Ironic or not?:

While your link provides a ready means of buying your new book, it lists no option to do so in bitcoin.

(sorry for the thread derail)
Especially considering the author is a bitcoiner.
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