Why is Augur's wallet, AirBitz, asking me to use Bitcoin instead of Ether? Augur is Ethereum based!
I just signed up on Augur to bet on whether I believe in the Flippening occuring before August 1. I do believe Ethereum will surpass Bitcoin before then in marketcap so I wanted to earn a little reputation on Augur.
I was on a roll in the signup process, a process we are all too familiar with. Make a username, password, set up 2FA, yata, yata, yata.
I was almost signed up with Augur until I see this: "Bitcoin Wallet". Is this a joke?
Why is Augur, an ERC20 token based on the Ethereum blockchain asking me whether I would like to use Bitcoin with Augur! Should not it be asking for me to use solely Ether?!
If we are to increase the use of dapps we have to start using and exchanging Ether most often. Ether's purpose is to use it to buy Gas and create transactions and not just to store wealth!
Augur is using Airbitz as the private key security part of its platform. Airbitz will encrypt, backup, and secure your private keys. It doesn't matter whether it's Ethereum, Bitcoin, Bitshares, or just data. The Airbitz mobile app is a bitcoin wallet (for now) but it also lets you "login" to Augur with your Airbitz acct.
Keep an eye out in the future for an even tighter integration between Airbitz and the currency (ETH) and tokens that Augur uses.
I hope it is as easy as myetherwallet. Why would I want to upload my private keys online rather than keep it secured on my own private system?