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Author Topic: Bitcoins lost - old backup  (Read 2519 times)
Jutarul
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November 29, 2012, 05:58:17 PM
 #21

In time hopefully the reference wallet will go to a deterministic model.  Unique random private keys are simply to "fragile".  It is to easy to lose coins.  A deterministic wallet would always be safe if the seed is saved or backed up.
One might think that this should be a high priority on the todo list...

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gmaxwell
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December 02, 2012, 11:01:51 PM
 #22

this x 1000. I think newbies should start with electrum and go up from there if they need to.
And then get robbed because they don't understand the reduced security model of electrum. There is no replacement for understanding.

If the OP is confident that his coins were unrecoverable perhaps he could make his wallet files (the corrupted one, and the backups) and perhaps someone can recover the coins.
flatfly
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December 02, 2012, 11:43:35 PM
 #23

Every client has risks. When money is involved, it's important to look at the facts. So far, many more coins have been lost due to the way some things are implemented or poorly understood in the reference client than with Electrum's "reduced security model." In fact, I haven't heard of any Electrum users being robbed or otherwise losing their wallets.
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December 03, 2012, 08:12:37 AM
 #24

Every client has risks. When money is involved, it's important to look at the facts. So far, many more coins have been lost due to the way some things are implemented or poorly understood in the reference client than with Electrum's "reduced security model." In fact, I haven't heard of any Electrum users being robbed or otherwise losing their wallets.

Exactly. I only heard of users losing bitcoins because they didn't regularly backup their wallet, but I haven't yet heard of a single user that would lose bitcoins because they were fed wrong data by the server. Also there's also blockexplorer/blockchain.info to double check for the paranoid. And let's be perfectly honest here, until the satoshi client reduces the time it takes to download the blockchain considerably, it won't be really user-friendly.
jl2012
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December 03, 2012, 09:07:04 AM
 #25

this x 1000. I think newbies should start with electrum and go up from there if they need to.
And then get robbed because they don't understand the reduced security model of electrum. There is no replacement for understanding.

If the OP is confident that his coins were unrecoverable perhaps he could make his wallet files (the corrupted one, and the backups) and perhaps someone can recover the coins.


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