Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain
Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.
How do i update my Ethereum wallet?
1. Go to our website /]MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.
Please note that you need to manually update your wallet, failure to do so may result in funds being lost.
We are taking these measures to protect both you and our network from phishing and malicious attacks.
Thank you for your cooperation and understanding!
MyEtherWallet Security Team.
If you use other methods, then ignore this message.
Topic: Frictions in Bitcoin adoption as an investment vehicle (Read 102 times)
I think Bitcoin as a store of value / investment vehicle is a widely accepted use-case. What are some of the friction points you can think of that inhibits even wider adoption of Bitcoin as an investment? Just hoping for some wisdom of the crowd here. A few I can think of is:
- Difficulty in understanding what Bitcoin or cryptocurrency is for the layman (education)
- Poor UI/UX for some exchanges when someone tries to buy
- Poor UI/UX for KYC process that is needed before someone can even fund their account
- Account funding is also a cumbersome pain point that might turn some people away
- Centralized exchange is subject to hacking making storing Bitcoin with them a risk
- Retrieving and keeping Bitcoin in a private wallet is a lot of effort for the layman. Private key management is also high risk.
Anything else? Thanks!
- Difficulty in understanding what Bitcoin or cryptocurrency is for the layman (education)
- Poor UI/UX for some exchanges when someone tries to buy
- Poor UI/UX for KYC process that is needed before someone can even fund their account
- Account funding is also a cumbersome pain point that might turn some people away
- Centralized exchange is subject to hacking making storing Bitcoin with them a risk
- Retrieving and keeping Bitcoin in a private wallet is a lot of effort for the layman. Private key management is also high risk.
Anything else? Thanks!
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