Topic: Blockchain.info Down (Read 3349 times)
It seems pretty unrelated, but ever since the outage of blockchain.info...the LTC/BTC ratio has been surging...
This isnt a FUD post.
I am genuinely concerned about things like this happening. Bitcoin has to become more robust or at least the people who are supposedly leading the way.
I use blockchain for my hot wallet, a very small amount in there but once again I cant access my BTC. It is all getting very tiresome.
I have been with my fiat bank for 30 odd years, I have ALWAYS been able to access my money.
BTC isnt a valid currency still.
I am genuinely concerned about things like this happening. Bitcoin has to become more robust or at least the people who are supposedly leading the way.
I use blockchain for my hot wallet, a very small amount in there but once again I cant access my BTC. It is all getting very tiresome.
I have been with my fiat bank for 30 odd years, I have ALWAYS been able to access my money.
BTC isnt a valid currency still.
So blockchain.info is down couple minutes and you start panicking? comeone give them a break. they have work over their head and they still manage to be online 99.(alotfnines).
It's been down several hours now. I stand by my first post. Things have to improve if BTC is going to be come accepted by the masses.
Hopefully things will become more robust.
I agree (with the part I put in bold). In terms of people who want to hold their own keys, we need robust hardware wallets. In terms of people who want their keys held by others, we need big players with long track records and lots of insurance/bonding (and ATMs or partnerships with local stores to make deposits/withdrawals ubiquitous). We also need well thought out hybrid solutions with things like split keys - solutions which I only can currently outline today because even a formal specification has not yet to my knowledge been written.
Blockchain.info is really none of this. On the other hand, I believe they're doing pioneering work with regard to things like CoinJoin. Not anything that I'd consider fit for "the masses", but important work nonetheless.
You say you had your website up since 1998. Bitcoin hasn't reached 1998 yet. This is a technical problem, but it's also a regulatory one. Unfortunately, I think we're more likely to move in the wrong direction on this one, at least at first.
As for "alotofnines", by the time that was written they were already down to about 3 nines for the year (2014), and now they're down to 2.5 or so. That's not very good, really. (I demand a full refund.
)
I can get my coins whenever I want. Nobody can stop me. They are in my cold storage. I might send some to an exchange to trade but I won't leave any large amount on any exchange or online wallet.
Show me someone that trusts strangers on the net and I will show you the next victim. Anyone doesn't like it suck it.
Someone will spend your coins and start running a ponzi scheme every time. Could be just technical difficulty. Could also be they are having trouble covering their ponzi scheme as more withdraw funds because of GOX.
Show me someone that trusts strangers on the net and I will show you the next victim. Anyone doesn't like it suck it.
Someone will spend your coins and start running a ponzi scheme every time. Could be just technical difficulty. Could also be they are having trouble covering their ponzi scheme as more withdraw funds because of GOX.
This isnt a FUD post.
I am genuinely concerned about things like this happening. Bitcoin has to become more robust or at least the people who are supposedly leading the way.
I use blockchain for my hot wallet, a very small amount in there but once again I cant access my BTC. It is all getting very tiresome.
I have been with my fiat bank for 30 odd years, I have ALWAYS been able to access my money.
BTC isnt a valid currency still.
I am genuinely concerned about things like this happening. Bitcoin has to become more robust or at least the people who are supposedly leading the way.
I use blockchain for my hot wallet, a very small amount in there but once again I cant access my BTC. It is all getting very tiresome.
I have been with my fiat bank for 30 odd years, I have ALWAYS been able to access my money.
BTC isnt a valid currency still.
So blockchain.info is down couple minutes and you start panicking? comeone give them a break. they have work over their head and they still manage to be online 99.(alotfnines).
It's been down several hours now. I stand by my first post. Things have to improve if BTC is going to be come accepted by the masses.
Hopefully things will become more robust.
Have any of you uploaded your backup to multibit? I am just sitting tight with my wallet on blockchain.info
I did. Just to try it out as much as anything.
Have any of you uploaded your backup to multibit? I am just sitting tight with my wallet on blockchain.info
This isnt a FUD post.
I am genuinely concerned about things like this happening. Bitcoin has to become more robust or at least the people who are supposedly leading the way.
I use blockchain for my hot wallet, a very small amount in there but once again I cant access my BTC. It is all getting very tiresome.
I have been with my fiat bank for 30 odd years, I have ALWAYS been able to access my money.
BTC isnt a valid currency still.
I am genuinely concerned about things like this happening. Bitcoin has to become more robust or at least the people who are supposedly leading the way.
I use blockchain for my hot wallet, a very small amount in there but once again I cant access my BTC. It is all getting very tiresome.
I have been with my fiat bank for 30 odd years, I have ALWAYS been able to access my money.
BTC isnt a valid currency still.
So blockchain.info is down couple minutes and you start panicking? comeone give them a break. they have work over their head and they still manage to be online 99.(alotfnines).
Just cause it's insured means you can no longer give a shit? You do realize somewhere somebody pays for that right? Fucking people irritate me to no end when they say don't worry it's insured. That's why fees are so fucking expensive these days. Don't leave your fiat lying around, don't give your card to strangers, and limit your risk dealing with exchanges.
Don't give your card to strangers?
So...don't ever buy anything with a credit card?
Give me a break.
When it comes to credit cards: Don't worry. It's insured. (I think that's even one of the credit card company's slogans.)
Just cause it's insured means you can no longer give a shit? You do realize somewhere somebody pays for that right? Fucking people irritate me to no end when they say don't worry it's insured. That's why fees are so fucking expensive these days. Don't leave your fiat lying around, don't give your card to strangers, and limit your risk dealing with exchanges.
People don't feel comfortable transferring to an exchange for a few minutes to conduct business but will hand a waitress or waiter their credit card for 20 minutes waiting for the bill. There's risk everywhere you go in the financial industry. Just do your homework and don't be lazy.
Credit cards are insured
anth0ny I'm in the uk. I used Gox because I'd been registered there for a long time. I didn't lose much thankfully and I wasn't storing btc there but I simply couldn't withdraw my btc that I'd bought. I just presumed Gox was trustworthy because just about every website and app quoted Gox. I wrongly presumed they were trustworthy.
People with much more experience than me got shafted. There is a lot of confusing information out there for new users of btc.
It's not about being lazy. It's about being vulnerable and misinformed.
People don't feel comfortable transferring to an exchange for a few minutes to conduct business but will hand a waitress or waiter their credit card for 20 minutes waiting for the bill.
Well, yeah, for lots of reasons. Most importantly among them, that the credit card company is the one that takes the risk of fraudulent charges.
I wouldn't leave a pennies worth of coins on any site. They aren't insured. They screw up you lose. And most of them eventually flake out. Like GOX or Bitfloor etc. Their is simply zero reasons to let some stranger take care of your coins. It's like letting Joe Blow take care of your savings. 
One might leave pennies worth of coins on a site because the withdrawal fees are measured in dimes. And some sites offer things that aren't available elsewhere.
People don't feel comfortable transferring to an exchange for a few minutes to conduct business but will hand a waitress or waiter their credit card for 20 minutes waiting for the bill. There's risk everywhere you go in the financial industry. Just do your homework and don't be lazy.
I wouldn't leave a pennies worth of coins on any site. They aren't insured. They screw up you lose. And most of them eventually flake out. Like GOX or Bitfloor etc. Their is simply zero reasons to let some stranger take care of your coins. It's like letting Joe Blow take care of your savings.
I have imported my key I have my btc.
I'm nervous because I've lost money with Gox, and BFL.
Like I said there is very little good news lately. Every time I send money to an exchange to buy more btc I run the risk of losing my money.
Nothing is without risk, I just feel right now Bitcoin is more risky, I wish it wasn't so.
I'm nervous because I've lost money with Gox, and BFL.
Like I said there is very little good news lately. Every time I send money to an exchange to buy more btc I run the risk of losing my money.
Nothing is without risk, I just feel right now Bitcoin is more risky, I wish it wasn't so.
Understood.
I'm not sure where you live, but you're always going to be taking a big risk when transferring money to a foreign entity which doesn't have a substantial track record. If there are more local options, and you're not doing anything that's illegal where you live, you should probably trust those local entities first.
It eludes me why so many people trusted significant amounts of BTC to Gox. I get the feeling that most of them were either doing something illegal or were trying to get rich quick playing the arbitrage game. But I'm sure many like yourself weren't in either of those two categories. But then I'm back to the question: Why?
I have imported my key I have my btc.
I'm nervous because I've lost money with Gox, and BFL.
Like I said there is very little good news lately. Every time I send money to an exchange to buy more btc I run the risk of losing my money.
Nothing is without risk, I just feel right now Bitcoin is more risky, I wish it wasn't so.
I'm nervous because I've lost money with Gox, and BFL.
Like I said there is very little good news lately. Every time I send money to an exchange to buy more btc I run the risk of losing my money.
Nothing is without risk, I just feel right now Bitcoin is more risky, I wish it wasn't so.
I'm sure / hope you are right.
Its probably down to my inability to pick stable companies to deal with! I thought with the likes of Andreas at the helm of Blockchain.info it would be bomb proof
Ive been Goxxed, and im nervous maybe
I need to relax!
Its probably down to my inability to pick stable companies to deal with! I thought with the likes of Andreas at the helm of Blockchain.info it would be bomb proof
Ive been Goxxed, and im nervous maybe
I need to relax!
Nervous about what exactly?
Yeah, I don't understand again. You say you have your private key. If you're worried about losing your BTC, import your private key into a working wallet, and send all of it to a new address (or addresses) which you've generated locally.
This is why local clients will never be overthrown by web clients. To be honest they should have multiple mirrors and backup database, I have worked with large data sets and this is pretty standard.
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