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Author Topic: Still use blockchain?  (Read 1081 times)
~Bitcoin~
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October 29, 2015, 06:45:32 AM
 #21

I hear some people to reccommend others to stop using blockchain and use blocktrail. I also know that blockchain is down or attacked often. What should i do?
I am also in similar situation as I haven't used other wallet except blockchain till now. I haven't lost any funds except some temporary unconfirmed transaction  due to those attacks on blockchain. Will wait for some more weeks before I consider shifting my wallet and I suggest you the same.

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October 29, 2015, 06:52:05 AM
 #22

I hear some people to reccommend others to stop using blockchain and use blocktrail. I also know that blockchain is down or attacked often. What should i do?

for me there is not problem using blockchain.info as my wallet because i have my private keys back up written in a paper and in my mobile so even BC was down i am still able to spend my coins

as for a blockexplorer, i still prefer using blockchain coz im familiar with it already but if there are some issues i temporarily switched to blocktrail. maybe you can try what im doing Smiley
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October 29, 2015, 11:46:10 AM
 #23

From what I have heard, I don't neccesary need to change to an other online wallet. I just need to backup my private key. Would it be ok if i store it on a usb?

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October 29, 2015, 12:00:52 PM
 #24

From what I have heard, I don't neccesary need to change to an other online wallet. I just need to backup my private key. Would it be ok if i store it on a usb?

Regards,
Fruitsbasket
As long as it doesn't get corrupted, you would be safe as long as you can remember your encryption password (when exporting encrypted) and make several backups. I would still strongly recommend to change your wallet, there is simply no point in going with them anymore.

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erikalui
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October 29, 2015, 04:57:07 PM
 #25

The reason is blocktrail hasn't had such issues like blockchain and blockchain has been down for maintenance for about three-four times this year which causes a lot of transactions to get delayed. It again is your preference on what wallet to choose. However, blockchain and blocktrail aren't that different in terms of safety issues.

Also, as someone mentioned about importing private keys is not a good idea. I tried sending bitcoins from one account to another but the fee is an issue for me but for those who are OK with the fee, it's fine. If at any time a user forgets his/her password and he/she cannot access the wallet, that's when the private key is useful.

ranochigo
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October 30, 2015, 05:01:58 AM
 #26

-snip-
Also, as someone mentioned about importing private keys is not a good idea. I tried sending bitcoins from one account to another but the fee is an issue for me but for those who are OK with the fee, it's fine. If at any time a user forgets his/her password and he/she cannot access the wallet, that's when the private key is useful.
I believe it is more of safety than anything else. The previous wallet provider may have logged the private key and could compromise your wallet if they want to. Especially since wallets like blockchain.info allegedly stores encrypted private keys on their server. If the encryption is weak, then your wallet would be compromised.

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