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opentoe (OP)
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March 17, 2013, 09:11:22 PM
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I have a question about why you backup your wallet with Electrum when all you need are your seed words to restore your wallet?
Computer crashes. All is lost. I do have my seed words. I setup new computer. Install Electrum and enter my seed words in. My wallet is restored. I don't need to restore my wallet from a backup, right?

Thanks
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March 17, 2013, 09:31:31 PM
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Quote from: opentoe on March 17, 2013, 09:11:22 PM
I don't need to restore my wallet from a backup, right?

If you ever import private keys, those won't be able to be recreated from the seeds.
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btcven
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March 18, 2013, 01:22:41 AM
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^

Also if you forget your seed you can take it from your electrum.dat (even if it is encrypted), you just need to decrypt it running a new electrum instance and enter your password.
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