It would appear that much of Coinkite’s decision to get out of the online Bitcoin wallet business was due to the company constantly dealing with harassment, with a blog post announcing the move describing that they had been under constant Distributed Denial of Service (DDoS) attacks over the last three years, and that they had also had to deal with Government agencies and attempted intrusions into client privacy.
In an interview with Coindesk, Chief Executive Officer Rodolfo Novak said that the company wanted to move away from software as their meager resources were being drained by the “amount of bullshit” involved with running the service.
“We want to write software, not deal with lawyers and DDoSing…One of the main issues with SaaS is all the free users and need support and we want to provide good support. All these things have costs,” Novak noted.
Original Source: Silicon Angle
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