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March 24, 2014, 11:17:51 PM |
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I haven’t use Multibit, I use Armory, BitcoinQT and Blockchain.info. Armory offers the safest paper backup system I have seen, and for my BitcoinQT client I backup whenever I do a few transactions. A strategy to consider when backing up is don’t always overnight you backups, used incremental versioning, you want to protect against 1) data corruption, 2) hardware failure and 3)theft, offline and online, so consider an additional option for long term storage that is resilient to all 3 vectors.
I have already had the real scare of restoring a corrupt backed up wallet.dat file, it prompted me to put 1) above first.
You also want to consider a succession plan, what happens to your Bitcoin if you are run over by a buss tomorrow? Who can access your Bitcoin, here again Armory provides a great tool in backing up with a paper backup seed wallet with a distributed key. To protect against theft while ensuring your Bitcoin can’t be locked up in case of your death.
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