Would you recommend it to your non tech savie relatives/friends, if they wanted to invest in BTC?
Yes, and I have. And I have a substantial volume of bitcoin there myself. I rarely fire up my client.
Topic: Is MyBitcoin a viable alternative for non-techie users? (Read 1517 times)
Would you recommend it to your non tech savie relatives/friends, if they wanted to invest in BTC?
Yes, and I have. And I have a substantial volume of bitcoin there myself. I rarely fire up my client.
Seems to be popular, but I wouldn't trust them more or less than the other 14 e-Wallet providers listed on the wiki.
If someone insists on not running anything locally, best to split up the coins between the different eWallets so you don't have all your eggs in 1 basket.
If someone insists on not running anything locally, best to split up the coins between the different eWallets so you don't have all your eggs in 1 basket.
How much money is currently kept by mybitcoin.com?
How many users?
Who runs it?
Can we trust them?
How is the money being secured?
How many users?
Who runs it?
Can we trust them?
How is the money being secured?
These are all very good questions. Unfortunately, I've never seen adequate answers to any of them. MyBitcoin has suffered reliability problems in the past. Personally, I wouldn't keep more than 100 BTC on it. There is an opportunity for someone to introduce a reliable and accountable alternative to MyBitcoin.
You are seriously overestimating the ability of casual users.
They sell remote controls that talk to you because people are too dumb to control their televisions. They will find a way to screw up safe computing.
They sell remote controls that talk to you because people are too dumb to control their televisions. They will find a way to screw up safe computing.
Nah. I'm hoping that more good comes from bitcoin than I should hope for. People who are responsible in their use of money.
Would you recommend it to your non tech savie relatives/friends, if they wanted to invest in BTC?
Probably not. I would recommend they learn safe computing, learn to use the bitcoin client, and learn to use truecrypt. If they are serious about bitcoin, this shouldn't take more than an hour.
Give a man a fish, he eats for a day. Teach a man to fish, he eats for the rest of his life.
You are seriously overestimating the ability of casual users.
They sell remote controls that talk to you because people are too dumb to control their televisions. They will find a way to screw up safe computing.
but first he has to get a fishing license but he doesn't have any money so he has to get a job and get in the social security system and pay taxes. And of course he also needs a license for an open flame if he wants to cook the damn thing.
Just give me the fish, I don't need the hassles
Just give me the fish, I don't need the hassles
Enjoy!
Would you recommend it to your non tech savie relatives/friends, if they wanted to invest in BTC?
Probably not. I would recommend they learn safe computing, learn to use the bitcoin client, and learn to use truecrypt. If they are serious about bitcoin, this shouldn't take more than an hour.
Give a man a fish, he eats for a day. Teach a man to fish, he eats for the rest of his life.
Just give me the fish, I don't need the hassles
Would you recommend it to your non tech savie relatives/friends, if they wanted to invest in BTC?
Probably not. I would recommend they learn safe computing, learn to use the bitcoin client, and learn to use truecrypt. If they are serious about bitcoin, this shouldn't take more than an hour.
Give a man a fish, he eats for a day. Teach a man to fish, he eats for the rest of his life.
How much money is currently kept by mybitcoin.com?
How many users?
Who runs it?
Can we trust them?
How is the money being secured?
Do you think it's a viable alternative for some users to keep their money safe, instead of keeping an unencrypted, single copy without a backup on their keylogger-infested personal computers?
Would you recommend it to your non tech savie relatives/friends, if they wanted to invest in BTC?
How many users?
Who runs it?
Can we trust them?
How is the money being secured?
Do you think it's a viable alternative for some users to keep their money safe, instead of keeping an unencrypted, single copy without a backup on their keylogger-infested personal computers?
Would you recommend it to your non tech savie relatives/friends, if they wanted to invest in BTC?
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