1. Xapo keeps 97% of all our customers funds in our own vault, so the funds in your wallet have the same level of security of its private keys as the vault does. One of the main features of the Xapo Wallet is that your balance is private (no one can figure out your balance by looking at the blockchain) and your transactions are private (no one can figure out what payments you have made or received by looking at the blockchain). We offer the vault as a separate product for people and institutions who want or need to see the balance of that account in the blockchain. They loose the privacy of balance and transactions but they get the security of being able to self audit their balance. Your Xapo Vault balance and transactions are visible in the blockchain, which is why we recommend your vault address to yourself and why the vault can only transact against your wallet, to keep all those transactions private and secure).Hi,
1. If you have a vault service, does that mean that the funds at my wallet are insecure? If the security level is the same, why not just have delayed withdrawals for large amounts?
2. Is there something in Xapo like Coinbase "multisig" wallet?
3. Will you freeze my funds if the gov. ask you to?
That it feels more like a crusade than an economic phenomenonThank you for doing this AMA Wences. I've enjoyed reading your thoughts about Bitcoin and your view of Xapo.
What do you find entertaining about Bitcoin?
I have suffered governments being irresponsible with their currency more than most people, but even then I think it would be a bad idea for a country to adopt Bitcoin as its only currency. It would make sense for a country to allow Bitcoin as a parallel currency to their own, though.Hello Wences,
Love everything you have done and are doing for bitcoin community. This question has been asked in the past but I wanted to get your current thoughts:
Which country in the world do you think would be the first to adopt bitcoin as a national currency (would it be Argentina)?
And do you have any suggestions on how to best convince a government to adopt bitcoin as a national currency? Have you tried with Argentina?
Usually in times of extreme turmoil people are willing to try almost anything.... I personally think that is what will happen when a country becomes desperate enough due to the failures of their own currency to adopt bitcoin.
Thanks for your thoughts on this subject.
Sincerely,
Dale Malone.
hello and thanks for doing an AMA
Why did you chose the name xapo? what does it mean?
It was just a four letter .com domain that I was able to buy for $6,500
What country sees the most trafic on your site?
It changes every week. It is often India, China, Russia, Indonesia, Philippines, Turkey, Brazil & Thailand.
Do you have any future plan we aren't aware of?
I hope so!
Thank u
Not very well. I find that bitcoin is like a pregnancy: it does not matter how powerful and/or rich you are it takes 9 months to have a baby. Similarly, it does not matter how intelligent you are, how much you know about technology or finance, it takes about 6 months to fully understand and embrace Bitcoin.Did you recommend bitcoin to your family members too ?
Yes, absolutely! I always tell them that the second most stupid thing they could do right now is to own an amount of bitcoins they cannot afford to loose and the most stupid thing they could do would be to not own any.
How did they react the first time you explained it to them?
That wasn't my question really. Coinbase allow you to generate your own private key and use it to retrieve the funds if coinbase went under. Do you offer a similar service?
2. Xapo only uses muti-sig technology. When you are using our wallet or our vault you are using multiple signatures that are kept in different locations, etc. If you want to spread the risk in multiple people you can add users to your wallet or vault with different permissions for each, but the private keys are never at risk and are never exposed to a customer's device.
Quite interesting. So only the U.S has got power over you (and the Swiss since you are there). It means if Tunisia issue an order to freeze my account, you'd not oblige?
3. If you are a US customer and the US government or a US judge issues a valid order to freeze an account we would have to obey it. If you are a non-US customer we can only freeze your account if a Swiss judge issues a firm order to do so.
Not very well. I find that bitcoin is like a pregnancy: it does not matter how powerful and/or rich you are it takes 9 months to have a baby. Similarly, it does not matter how intelligent you are, how much you know about technology or finance, it takes about 6 months to fully understand and embrace Bitcoin.Did you recommend bitcoin to your family members too ?
Yes, absolutely! I always tell them that the second most stupid thing they could do right now is to own an amount of bitcoins they cannot afford to loose and the most stupid thing they could do would be to not own any.
How did they react the first time you explained it to them?
I think that this AMA has ended long ago because of lack of user interest.I am a fintech entrepreneur. I learned about Bitcoin in 2011
Dear CEO xapo
please help with my xapo account it has has been blocked without my knowing
please unblock it
I think this will be important for many to know in this field.I think that this AMA has ended long ago because of lack of user interest.I am a fintech entrepreneur. I learned about Bitcoin in 2011
Dear CEO xapo
please help with my xapo account it has has been blocked without my knowing
please unblock it
Don't think that he is currently active on this forum, however if you are i have a few questions too:
1.Do you guarantee that user funds can be sent without Identification, even in the case of his account being suspended for say, gambling connections?
2.Do you do tracking on your users and their coins?
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