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Author Topic: Yet Another Reason to Have Various BTC Wallets  (Read 923 times)
Hazir
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May 19, 2017, 09:24:26 PM
#21

Blockchain.info wallet causes more grief to new users (fees too low) than any other wallet except Multibit HD. Both should be avoided like the plaque.

Case wallet was a popular hardware wallet a year ago but the company has abandoned updating the firmware. I hope Case users got their bitcoin out because you cannot specify a fee using that wallet and fees are set very low.

I really wish Bitcoin Core had incorporated support for Trezor or Nano S by now but doubt that is going to happen.
You can set your own fee with blockchain.info if you want, you are not stuck with default fee. If someone is advanced user he/she would set custom fee.
Low fees are used because newbies would cry more about 'ridiculous blockchain.info' fees, than they are crying about long confirmation times.

I always thought that hardware bitcoin wallet are only gadgets, they are not offering anything special, you can achieve for free with software wallets.
As you brought up, hardware wallets after couple years and without proper firmware updates can be ticking bombs.



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May 19, 2017, 09:34:50 PM
#22

The only way you can achieve isolation of your bitcoin private keys using software wallets is to run Armory on top of Bitcoin Core using an offline computer to sign transactions. Once Trezor came along, then Nano S, most of us stopped using Armory. As bitcoin becomes more valuable there will be more losses due to operator error and bitcoin stealing malware.

Anyone with more than one bitcoin needs a hardware wallet. You don't have to buy gadgets like Cryptosteel to safe keep your 24 word seed, just get a credit card sized piece of aluminum and engrave your seed with a Dremel.

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May 19, 2017, 11:42:35 PM
#23

From the beginning it is a good idea to have a different wallet, it is safer to split your coin in a different places, and now because of the fee, it add another reasons why we need a different wallet, I think now is very important to have a wallet that able to set the fee transaction, some of the transaction got a high priority that need to be send immediately and as we know there are so many stuck transaction so without being able to set the transaction fee then our transaction will take a long time to confirmed

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May 20, 2017, 03:25:59 AM
#24

blockchain.info. 

Diversity in wallets, JUST to be able to pay the now ever-present high fees looks like a really good idea.

I disagree, you just need to use one wallet that gives you control and has flexibility  (for the purpose you mentioned) but educate yourself on how to use bitcoin.
for instance many are using electrum and that wallet gives you enough flexibility to change most of the things that are needed and if the user has educated himself then he knows what fees would be appropriate.

and I disagree with suggesting blockchain.info that wallet is bad, specially for beginners, for someone who is experienced that may work as a handy everywhere-accessible-wallet kind of thing.

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