Wallets : backup, security and change

[DannyHamilton]

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]

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.

[TeeBone]

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 ?

[DannyHamilton]

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.

[Gabi]

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  Some clients allow that.

[DannyHamilton]

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Some clients allow that.

I think I hear an echo in here.