Hello!

[cloudTc]

Whatsup?! I'm cloud, kind of new to the bitcoin scene. Been aware of it for the past year or so, but only now that I have done some serious research and reflection do I see the genius in bitcoins. I honestly feel like this is the next logical step in currency evolution, at the moment, it is safer than any fiat currency is...and the financial security bitcoins enable only gets better with more people (atleast how I understand it, I'm a n00b, forgive me!). It seems it was designed for success from the very beginning..would I be fringe to say bitcoin is the single greatest contribution to human society the world has ever seen, or rather has the potential to be as such?

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[RodeoX]

Welcome fellow bitcoin peer!

[debianlinux]

..would I be fringe to say bitcoin is the single greatest contribution to human society the world has ever seen, or rather has the potential to be as such?

Well, that's a pretty large scope that I can't comprehend because many of the contributions to humanity I take for granted because in my lifetime they always were. That said, I find Bitcoin to be the single most revolutionary thing to happen to/in/on the Internet with the potential to be the most important thing the Internet ever brought us.

[cloudTc]

I love you all! 1DpmGqizWUQrJTy9XNBcU2ApAFSDow5AMQ 

Also do you trust the bitcoin wallet app on android as a safe option to store your bitcoins?

[debianlinux]

I wouldn't store more in an Android wallet than I'm willing to lose just as I don't carry more in my back pocket than I'm willing to have stolen.

[cloudTc]

As in it is safe so long as the phone does not get stolen and or lost? Is their a way to link wallets or backup an android wallet for good (should be!) ? Perhaps have a masteraccount containing all your keys that is 100% safe?

[debianlinux]

As in it is safe so long as the phone does not get stolen and or lost? Is their a way to link wallets or backup an android wallet for good (should be!) ? Perhaps have a masteraccount containing all your keys that is 100% safe?

Anytime your private keys are stored on an internet connected device there always exists the possibility that the device is compromised and the private keys become known.

I am not sure what you mean by "linking" wallets.

Backups are great in case of loss or corruption but still do not prevent an attacker from stealing your keys. It is no different than having a backup of my ATM PIN. If someone has my card and pin then the backup is meaningless.

Encrypting your wallet is a bare minimum precaution you should be taking. I would not even consider using a wallet program that doesn't encrypt the private keys. Even then, appropriately coded software could be in place to extract the keys upon decryption or log the decryption string. Offline paper wallets are the only sure form of storage with regards to protection from theft.