Re:A Major Coinbase Milestone: 1 Million Consumer Wallets
by grey-area on Thursday February 27, 2014 @02:21PM
(#7314297)
That's what mtgox said too, I believe their figure was 98%:
On average 98% of customer bitcoins are held in cold storage...Offline wallets are generated from an offline system and kept in paper format in three separate locations, using a technology based on raid.
But of course, they weren't really in cold storage or offline after all, because somehow they all disappeared...
Not that I mistrust coinbase specifically, but without insurance, audits and regulation (i.e. without a banking license), I'm not sure I'd trust anyone to store significant amounts of money.
On average 98% of customer bitcoins are held in cold storage...Offline wallets are generated from an offline system and kept in paper format in three separate locations, using a technology based on raid.
https://bitcointalk.org/index.php?topic=23938.40
http://www.managementtoday.co.uk/bulletin/mtdailybulletin/ar...
But of course, they weren't really in cold storage or offline after all, because somehow they all disappeared...
Not that I mistrust coinbase specifically, but without insurance, audits and regulation (i.e. without a banking license), I'm not sure I'd trust anyone to store significant amounts of money.