Yes, it is: assuming you use client side encryption, an online storage company n... | Hacker News

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		stuhood on Aug 6, 2011 \| parent \| context \| favorite \| on: MyBitcoin Incident Report - August 4th 2011 Yes, it is: assuming you use client side encryption, an online storage company never needs to know your secrets. It's the difference between a trusted and untrusted third party.

dfc on Aug 7, 2011 [–]

But you lose their data if someone takes over their server and deletes the data.

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