Why would anyone hold significant amounts in Instawallet anyway?

wtfvanity

hero member

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WTF???

Quote from: crazy_rabbit on April 08, 2013, 09:04:02 AM

For most of the accounts- it wasn't a significant amount at the time they deposited. Indeed many wallets were probably abandoned.

Exactly. 50 BTC at Christmas time was $500. Might be convenient for some to have it easily spendable from a web wallet. Now, it's $5,000 or so, and a different story.

Think about the people that used it back when bitcoin was worth a couple of bucks and abandoned 10 BTC. There may be plenty of coins available for those that want to claim them plus plenty of profit for shutting her down.

Fking

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there are people with over 50btc there man...

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

For most of the accounts- it wasn't a significant amount at the time they deposited. Indeed many wallets were probably abandoned.

Fking

full member

Activity: 136

Merit: 100

Ok I was honestly amazed that there are people with significant amounts there, especially amounts over 50btc, which is like $9000 by todays rate.
Why would anyone do that?

It's clearly a short term wallet for small amounts. For anything serious why you don't just install a client on your PC? Or use one of those hybrid online wallets.
They even clearly state the above on every page....

Topic: Why would anyone hold significant amounts in Instawallet anyway? (Read 583 times)