Author

Topic: Bitcoin website bank. (Read 2831 times)

legendary
Activity: 1246
Merit: 1014
Strength in numbers
September 10, 2010, 03:17:17 AM
#9
or mtgox does this also.

Do you to transfers between accounts? I think that's a main feature he's interested in.

Hey FreeMoney -- can you vouch for MyBitcoin? It looks like a pretty handy service. However, I'm curious as to how well backed up the coins are. I back up my wallet in several locations after each transaction. I wonder if MyBitcoin has an intelligent backup system... what happens if I use myBitcoin and the server's HD dies?


I don't know them and haven't used them beyond setting up an account.
hero member
Activity: 490
Merit: 504
My avatar pic says it all
September 10, 2010, 01:21:12 AM
#8
Funny you should mention this. I emailed MyBitcoin yesterday. I asked those exact same questions. Great minds think alike, I guess.  Roll Eyes

I was told that they do hourly snapshots on a 90 day loop to 2 remote servers, and that the server they are on has RAID, etc.

They also told me that they back the "deposits" 100%. I wonder if they'll publish stats. It would be interesting to see their payment velocity, average account holdings, etc.

Cheers! Cheesy

Hey FreeMoney -- can you vouch for MyBitcoin? It looks like a pretty handy service. However, I'm curious as to how well backed up the coins are. I back up my wallet in several locations after each transaction. I wonder if MyBitcoin has an intelligent backup system... what happens if I use myBitcoin and the server's HD dies?
legendary
Activity: 1136
Merit: 1001
September 09, 2010, 11:41:26 PM
#7
or mtgox does this also.

When your merchant stuff gets going, your site will be ideal. I would really like to have more control over incoming bitcoin addresses. I sold about 10 things on biddingpond, and I wanted to create an address, assign it a name like "Auction 30 - butter knives." The bitcoin program is still the best for sorting incoming bitcoins.

Would be great if I could use it on biddingpond, but I don't know the final price until the auction ends, and if I remember correctly, it wanted a price? Something I either couldn't figure out or couldn't do.



congrats on a great site.
donator
Activity: 853
Merit: 1000
September 09, 2010, 09:36:28 PM
#6
or mtgox does this also.

Do you to transfers between accounts? I think that's a main feature he's interested in.

Hey FreeMoney -- can you vouch for MyBitcoin? It looks like a pretty handy service. However, I'm curious as to how well backed up the coins are. I back up my wallet in several locations after each transaction. I wonder if MyBitcoin has an intelligent backup system... what happens if I use myBitcoin and the server's HD dies?
legendary
Activity: 1246
Merit: 1014
Strength in numbers
September 09, 2010, 08:53:18 PM
#5
or mtgox does this also.

Do you to transfers between accounts? I think that's a main feature he's interested in.
full member
Activity: 185
Merit: 102
September 09, 2010, 08:32:17 PM
#4
or mtgox does this also.
legendary
Activity: 1136
Merit: 1001
September 09, 2010, 03:04:34 PM
#3

ummm. yeah! thanks!

if its your site, well done.
sr. member
Activity: 294
Merit: 251
Firstbits: 1duzy
September 09, 2010, 02:47:39 PM
#2
something like: https://www.mybitcoin.com/ ?
legendary
Activity: 1136
Merit: 1001
September 09, 2010, 02:01:21 PM
#1
Since I've basically given up on generating, I would prefer to deposit my bitcoins into an on-line bitcoin bank.

Advantages:
Let the bank worry about my wallet.dat file. I'd pay to insure the balance.
Give me a better interface for making and receiving payments. I want to pay "TAABL" or "Charlie", not "14uIjoimio32mqZai0"
Completely portable.
I can get my friends & family into bitcoins by pointing them to a website instead of downloading an application.
More of a 'banking' feel.
Someone on these boards (Free Money?) mentioned it would be nice to have employees do basic cash register without complete access to entire wallet and balance. This could be done.

Dis-advantages
I don't trust anyone with my coins yet. Don't know why, I have all my $$$ in banks around where I live.


Basically, I see an advantage to have people get into bitcoins without ever going to bitcoin.org. I'm just not smart enough to implement my own idea.
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