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Author Topic: Wallets : backup, security and change  (Read 2320 times)
DannyHamilton
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March 22, 2013, 04:20:07 PM
 #41

Yeah blockchain.info is pretty good, I actually was looking for something similar but as a software and not as a web application

I've been pretty happy with the blockchain.info web application.  As far as I can tell it is just about as secure as Electrum and MultiBit.
Only if you backup the wallet!

Which is also true of Electrum and MultiBit.  So as I said: "it is just about as secure as Electrum and MultiBit"

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TeeBone
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March 22, 2013, 04:38:01 PM
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Great thread for clueless noobs like myself. I understand a little bit more thanks to Danny's heroic explanations. I'm still quite lost, but it's a good baby step foward.
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March 22, 2013, 04:45:25 PM
 #43

Oh yeah, and the whole "change" thing i wasnt aware of 'til now. That will be a big stumbling block for newcomers i think. Will there ever be a time where security advances to the point where 1 address can be used constantly to receive and send bitcoins ?
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March 22, 2013, 05:12:40 PM
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Oh yeah, and the whole "change" thing i wasnt aware of 'til now. That will be a big stumbling block for newcomers i think. Will there ever be a time where security advances to the point where 1 address can be used constantly to receive and send bitcoins ?

It already has.  There are several wallets/clients that will allow you to send the change back to the same address and use only a single address if you'd like.

Some people just prefer the added security and anonymity that they get from using a new address for every transaction.

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March 22, 2013, 05:37:54 PM
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Oh yeah, and the whole "change" thing i wasnt aware of 'til now. That will be a big stumbling block for newcomers i think. Will there ever be a time where security advances to the point where 1 address can be used constantly to receive and send bitcoins ?
It is already doable, but the bitcoin-qt client and some other don't have an option to do that  Cheesy Some clients allow that.
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March 22, 2013, 05:41:06 PM
 #46

- snip -
Some clients allow that.

I think I hear an echo in here.

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