Repeated DDoS Attacks Force Coinkite Bitcoin Wallet To Close Down Web Service

An anonymous reader writes: Coinkite, one of the earliest Web-based Bitcoin wallet services, has announced plans to discontinue its service and focus on a hardware-based Bitcoin products, all because of a barrage of relentless DDoS attacks that has been plaguing the company ever since 2012. The company plans to focus on hardware-based Bitcoin products such as PoS terminals, USB sticks, and professional servers. "Being a centralized bitcoin service does attract attention from state actors and other well-funded pains-in-the-butt, and as a matter of fact, we've been under DDoS since the first month we launched -- over three years -- yay. Plus we have put real fiat dollars into our lawyers' pockets to defend our customers from their own governments. This is not what we love to do, which is coding and delivering awesome services," the Coinkite team explained.

Comments

No hyperbole whatsoever

[smooth wombat]

Plus we have put real fiat dollars into our lawyers' pockets

As opposed to giving them Bitcoin which isn't backed by anyone, may not exist tomorrow (or even later today) and costs them money to convert into something useful?

How odd they chose to use the very thing they've trying to get away from.