Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I just don't think the snark is necessary here. I'm pretty technically savvy and I found the wallet setup process to be... unintuitive. For example, transactions didn't show up until I told my wallet to sync back to before I created it because Multibit doesn't sync by default to a sane time.

Also, it's demonstrably less safe to give your Bitcoin wallet to a site than to give your cash to a bank. To imply that the security and insurance of these sites is comparable to banks is laughable -- you frequently hear about sites getting hacked and losing all of their BTC.

Of course, banks have other problems (depending especially on how you view the Fed), but disingenuous claims like this do nothing to help Bitcoin.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: