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Question: which should I use?
multibit - 15 (65.2%)
bitcoin qt - 8 (34.8%)
Total Voters: 23

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Author Topic: multibit or bitcoin qt  (Read 2350 times)
tmullett
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January 01, 2014, 11:38:56 PM
Last edit: January 01, 2014, 11:55:41 PM by tmullett
 #21

I'm using electrum, but just started. Like multibit, it doesn't require downloading the blockchain. I like the fact that Electrum generated a long passphrase, which I keep offline, that can be used to regenerate my keys if the wallet gets lost or trashed.

Any wallet that doesn't require that download/sync operation does need some other way of seeing your addresses on the blockchain to know about balances and confirmations. So things like Multibit and Electrum have to delegate that part to services somewhere that are nodes on the p2p network. The original bitcoin software is architecturally monolithic, containing the p2p node, miner and wallet manager all in one package. More recent developments decouple those things, which is architecturally more flexible (giving us the ability to have lightweight wallets for example) but a bit more complex, and complexity usually makes it things harder to secure.

Out of curiosity, for anyone who wants to answer, why is bitcoin-qt considered the most secure wallet?
Annu
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January 02, 2014, 12:02:31 AM
 #22

I use Multibit and have no problems with it.
pharaoh171
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January 02, 2014, 12:45:16 AM
 #23

I've been using Armory and like it a lot. It's supposed to
be the most secure, and I found it easy to use and set up.
megadeth92
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January 02, 2014, 01:37:29 AM
 #24

I do prefer electrum client instead multibit Smiley

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raspcoin
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January 03, 2014, 12:29:11 AM
 #25

i have multibit  and it was hacked. i lost all btc coins on it. i put encryption on wallet but no use. had some kind of trojan or backdoor virus and lost everything.
is there a way to retrieve coins ?

It is generally a good idea to use a separate OS for wallet storage. If you are a Windows user, then another security measure is to run untrusted programs inside a virtual machine.

homm88
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January 03, 2014, 12:30:54 AM
 #26

Multibit works great, absolutely no complaints about it. I recommend it to everyone.
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