Bitcoin wallet company Coinkite is now free… Or rather their sophisticated, multi-signature wallet is free.
Company CEO Rodolfo Novak explains that the amount of bitcoins lost or stolen over time has caused him to feel a twinge of sadness for customers and digital currency enthusiasts, and he and his staff wanted to give those loyal to Coinkite an early Christmas gift in the form of a free, secure bitcoin wallet.
“Honestly, I think the biggest driver for making the multi-signature free is that I’m sick and tired of seeing people post on Reddit that they lost money. It seriously pisses me off. It pisses me off because it doesn’t have to be that way… We like being an independent business… We think that that adds a lot to the users in terms of 1) we’re building a long-term company and 2) we are not selling their information to advertisers or having to deal with investors. Because we’re not holding any control over the multi-signature account because the user has control over it, we think that should be free.”
Novak stated that often times those in the bitcoin community have their trust betrayed, and Novak would like to remove the trust element altogether. The company is also working hard to form partnerships with bitcoin conglomerates such as Boost VC in order to heighten its place in the digital currency arena and create new technology for startups:
“Companies still have ‘coin’ in the name, like when companies used to have ‘net’ in the name. We want to build a lot of stuff, a lot of features and see which of these features get more adoption and more use.”