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Title: Which wallet do you store the majority of your BTC in? Post by: Phantomf on December 30, 2013, 08:14:14 PM Just curious what is the most popular way people are storing their BTC.
Title: Re: Which wallet do you store the majority of your BTC in? Post by: Jcw188 on December 30, 2013, 09:39:22 PM I see armory has an early lead. Why do it there instead of qt? What are the advantages? I just have it on qt and never had a problem, except that I think the fees are too high.
Title: Re: Which wallet do you store the majority of your BTC in? Post by: Welsh on December 30, 2013, 10:09:49 PM I would of thought offline storage would of been more popular even at the early stages of the vote.
I see armory has an early lead. Why do it there instead of qt? What are the advantages? I just have it on qt and never had a problem, except that I think the fees are too high. Have a look at this website which displays all the features of armory. https://bitcoinarmory.com/about/features/ Title: Re: Which wallet do you store the majority of your BTC in? Post by: Nikinger on December 30, 2013, 10:14:51 PM Title: Re: Which wallet do you store the majority of your BTC in? Post by: LiteCoinGuy on December 31, 2013, 01:41:08 AM that dudes who store them ONLINE should think agian. ::)
Title: Re: Which wallet do you store the majority of your BTC in? Post by: DannyHamilton on December 31, 2013, 02:23:31 AM The poll is missing some common choices:
Title: Re: Which wallet do you store the majority of your BTC in? Post by: Welsh on December 31, 2013, 02:25:13 AM that dudes who store them ONLINE should think agian. ::) They probably use blockchain.info which is used by a lot of people and has quite a lot of security features. Title: Re: Which wallet do you store the majority of your BTC in? Post by: Phantomf on December 31, 2013, 03:04:19 AM The poll is missing some common choices:
Yeah I forgot about electrum so just added it. I would consider blockchain.info an online web wallet as well even if it's hybrid. Title: Re: Which wallet do you store the majority of your BTC in? Post by: DannyHamilton on December 31, 2013, 07:47:03 AM The poll is missing some common choices: Yeah I forgot about electrum so just added it. I would consider blockchain.info an online web wallet as well even if it's hybrid.
If you consider blockchain.info a "web wallet", then you should probably have a separate entry in the poll for "Unregulated, Uninsured, Unaudited, bitcoin bank account" (i.e. MtGox, Coinbase, BitStamp, BTC-E, localbitcoins, etc). There is a significant difference between those types of "accounts" and a web "wallet" such as blockchain.info. With blockchain.info (like with any other bitcoin "wallet") the user has access to their private keys. They can back them up, and they can use them to access the bitcoins even if the website is shut down or seized. With the "accounts", the user does not have any access to the private keys. They are essentially donating the bitcoins to the service in exchange for an implied promise from the service to return the bitcoins on request. If the site disappears or is seized, the bitcoins are permanently lost. Title: Re: Which wallet do you store the majority of your BTC in? Post by: battlescars on December 31, 2013, 07:58:16 AM well informed post Danny, for that reason people do not use blockchain and just store their bitcoins safely on an offline storage.
it is the safest way because no matter what happens you will have your bitcoin with you. If the site gets shut down you dont lose anything and that is something i really like knowing that is safe. Title: Re: Which wallet do you store the majority of your BTC in? Post by: JekyllIsland on December 31, 2013, 08:07:03 AM Paper wallet :) I have the rest on exchanges, physical bitcoins, and electrum.
I plan on moving some to an offline armory wallet but i'm comfortable with this for now. :) Title: Re: Which wallet do you store the majority of your BTC in? Post by: MrPalmer on December 31, 2013, 08:20:17 AM I use MultiBit. Seems great so far, but I would definitely switch to offline if/when I gain more coin.
Title: Re: Which wallet do you store the majority of your BTC in? Post by: trout on December 31, 2013, 08:28:16 AM add brainwallet may be.
I know it's "bad" but I store *all* my coins in a single brainwallet address. Title: Re: Which wallet do you store the majority of your BTC in? Post by: Pente on December 31, 2013, 10:39:59 AM add brainwallet may be. I know it's "bad" but I store *all* my coins in a single brainwallet address. +1 Although I use several brainwallets. Title: Re: Which wallet do you store the majority of your BTC in? Post by: bryant.coleman on December 31, 2013, 10:47:23 AM 90% of them in offline storage. The remaining 10% is distributed in Blockchain.info, BTC-E, Mobile wallet & even some in BTC-QT.
Title: Re: Which wallet do you store the majority of your BTC in? Post by: bitpop on December 31, 2013, 12:21:57 PM How did you get this information ??? Title: Re: Which wallet do you store the majority of your BTC in? Post by: bryant.coleman on December 31, 2013, 01:53:25 PM This is just BS. You are saying that 97% of all the BTCs are stored in Armory, which was unheard of two months earlier. And just 1% for Blockchain.info? Title: Re: Which wallet do you store the majority of your BTC in? Post by: camolist on December 31, 2013, 01:56:22 PM Title: Re: Which wallet do you store the majority of your BTC in? Post by: bitpop on December 31, 2013, 01:56:52 PM How the hell did he separate armory offline and online
He's trolling us with that pie Title: Re: Which wallet do you store the majority of your BTC in? Post by: bryant.coleman on December 31, 2013, 02:05:18 PM How the hell did he separate armory offline and online He's trolling us with that pie Definitely. For Armory (both online and offline), I don't even think that they have 100,000 wallets, while Blaockchain.info is having more than 1 million active wallets. This guy is probably the PRO from Armory. ;D Title: Re: Which wallet do you store the majority of your BTC in? Post by: bitpop on December 31, 2013, 02:08:12 PM The poll didn't even separate offline and online!
Title: Re: Which wallet do you store the majority of your BTC in? Post by: DannyHamilton on December 31, 2013, 02:27:55 PM The poll didn't even separate offline and online! How the hell did he separate armory offline and online He's trolling us with that pie How the hell did he separate armory offline and online Definitely. For Armory (both online and offline), I don't even think that they have 100,000 wallets, while Blockchain.info is having more than 1 million active wallets.He's trolling us with that pie This is just BS. You are saying that 97% of all the BTCs are stored in Armory, which was unheard of two months earlier. And just 1% for Blockchain.info? ??? Where does his chart say that he is reporting network totals? I assumed he was reporting his own usage? Are you sure you haven't all jumped to a ridiculous conclusion without paying attention? How did you get this information ??? Probably by adding up his bitcoins to see how much he was storing in each location? Title: Re: Which wallet do you store the majority of your BTC in? Post by: bitpop on December 31, 2013, 02:31:42 PM Ooooohhh HIS lol
Well we've been trained to see a poll then a chart Title: Re: Which wallet do you store the majority of your BTC in? Post by: LiteCoinGuy on December 31, 2013, 04:37:19 PM that dudes who store them ONLINE should think agian. ::) They probably use blockchain.info which is used by a lot of people and has quite a lot of security features. yeah maybe but would you store the majority of your BTC there? i would never do that but good luck! Title: Re: Which wallet do you store the majority of your BTC in? Post by: Phantomf on December 31, 2013, 06:23:45 PM add brainwallet may be. I know it's "bad" but I store *all* my coins in a single brainwallet address. +1 Although I use several brainwallets. Wasn't aware of Brainwallet ..seems kinda risky to me but added it to the poll ..better not have a brainfart using this one haha ;D Title: Re: Which wallet do you store the majority of your BTC in? Post by: gnoll110 on January 01, 2014, 12:40:24 AM Paper wallet :) I have the rest on exchanges, physical bitcoins, and electrum. I plan on moving some to an offline armory wallet but i'm comfortable with this for now. :) "physical bitcoins"? I'm just trying to imagine what cryptonium looks like. ;) Title: Re: Which wallet do you store the majority of your BTC in? Post by: Lethn on January 01, 2014, 01:03:36 AM I'd use Armoury or the original wallet and store any large amount of coins offline, plus if I had that kind of money to worry about I'd also buy some gold bullion to store offline because that definitely can't be hacked, it can be stolen though but that's a whole other thing :P.
Title: Re: Which wallet do you store the majority of your BTC in? Post by: justusranvier on January 02, 2014, 09:58:00 PM I wonder how many of the people who voted "Offline Cold Storage" are using Armory, and how many are using other tools.
Title: Re: Which wallet do you store the majority of your BTC in? Post by: cryptozaurus on January 02, 2014, 10:59:49 PM I'm using blockchain.info for now but I plan to transfer 90% of my bitcoins in a paperwallet. I also have a small amount in cavirtex to do some transactions. I can sell them for CAD and transfer them in my cavirtex debit card to pay for anything I want! :)
Title: Re: Which wallet do you store the majority of your BTC in? Post by: Tehfiend on January 03, 2014, 12:45:39 AM I see armory has an early lead. Why do it there instead of qt? What are the advantages? I just have it on qt and never had a problem, except that I think the fees are too high. The main reason I use Armory is for "coin control" and paper wallets. QT doesn't let me chose which address to send BTC from nor support paper backups. Title: Re: Which wallet do you store the majority of your BTC in? Post by: EndTheFed321 on January 03, 2014, 02:23:01 AM I keep them in my leather wallet under a rock next to a mad dog ;)
Title: Re: Which wallet do you store the majority of your BTC in? Post by: westkybitcoins on January 03, 2014, 04:12:23 AM Oddly enough, mine are pretty evenly distributed among a variety of offline storage methods, so I can't really give any one place where the majority are kept.
But my primary *preference* is Mycelium, both for spending wallets and for cold storage on dedicated phones (with Mycelium-generated paper backups.) It's just that good. |
