Blockchain and Multibit | Bitcointalksearch.org

sed

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Quote from: Salmon1989 on January 19, 2015, 02:09:18 PM

Quote from: sed on January 19, 2015, 01:30:07 PM

Quote from: michinzx on January 17, 2015, 01:41:08 PM

both blockchain and multibit have their pros and cons, but considering blockchain's recent hack might want to consider other options as well. If you dont want to download a 30 GB blockchain and feel confident in keeping your wallet secure on your computer multibit is a perfect choice, so is electrum.

Was there really a hack on blockchain.info? Do you have a reference?

Not really a hack, but a terrible bug in their code. You can check http://blog.blockchain.com/2014/12/08/blockchain-info-security-disclosure/ and https://bitcointalksearch.org/topic/m.9774894 for the details.

Thanks for the links, reading these now...

I'm always intersted in btc security when it comes to the most popular websites. blockchain.info is one of the longest running web wallet services not to have a major incident (or was before this, anyway).

Salmon1989

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Quote from: madmax6688 on January 18, 2015, 05:55:44 AM

Quote from: alamanjani on January 17, 2015, 10:19:46 PM

Quote from: Small on January 16, 2015, 12:50:19 AM

There are many wallets available
but MultiBit is a great light-weight wallet perfect for casual shoppers

I like Electrum. When installing it, you get some words to write down. Say you are doing this on Windows.
Then you later install Electrum wallet on say Linux (or Android), you choose to restore it, use the same words you wrote down when you installed it on Windows, and you will have THE SAME wallet now also on Linux, Android.... I just love it!

Multibit works in a similar way, you can also encrypt the wallet if you require.

The major difference between Electrum and Multibit is that Electrum is a deterministic wallet and Multibit is not.
Exactly as alamanjani illustrated, it is very easy to manage one Electrum wallet across a few different machine. But for Multibit, you will generate a different address every time even if you start from the same wallet file.

Salmon1989

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Activity: 603

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Quote from: sed on January 19, 2015, 01:30:07 PM

Quote from: michinzx on January 17, 2015, 01:41:08 PM

both blockchain and multibit have their pros and cons, but considering blockchain's recent hack might want to consider other options as well. If you dont want to download a 30 GB blockchain and feel confident in keeping your wallet secure on your computer multibit is a perfect choice, so is electrum.

Was there really a hack on blockchain.info? Do you have a reference?

Not really a hack, but a terrible bug in their code. You can check http://blog.blockchain.com/2014/12/08/blockchain-info-security-disclosure/ and https://bitcointalksearch.org/topic/m.9774894 for the details.

sed

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Activity: 532

Merit: 500

Quote from: michinzx on January 17, 2015, 01:41:08 PM

both blockchain and multibit have their pros and cons, but considering blockchain's recent hack might want to consider other options as well. If you dont want to download a 30 GB blockchain and feel confident in keeping your wallet secure on your computer multibit is a perfect choice, so is electrum.

Was there really a hack on blockchain.info? Do you have a reference?

pooya87

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Quote from: dlc1962 on January 19, 2015, 04:37:12 AM

Quote from: michinzx on January 18, 2015, 09:09:26 PM

Quote from: Brewins on January 18, 2015, 02:21:30 PM

Multibit.

Computer wallets are always better than online wallets

depends on how good someone's opsec is, but in general computer wallets are more secure and offer more control.

If I need some help setting up electrum would someone be willing to offer their help?

you need more help than what is provided at the official website here: https://electrum.org/tutorials.html

if you need any help ask in this section, or in here: https://bitcointalk.org/index.php?board=98.0

dlc1962

newbie

Activity: 56

Merit: 0

Quote from: michinzx on January 18, 2015, 09:09:26 PM

Quote from: Brewins on January 18, 2015, 02:21:30 PM

Multibit.

Computer wallets are always better than online wallets

depends on how good someone's opsec is, but in general computer wallets are more secure and offer more control.

If I need some help setting up electrum would someone be willing to offer their help?

michinzx

sr. member

Activity: 364

Merit: 250

Quote from: Brewins on January 18, 2015, 02:21:30 PM

Multibit.

Computer wallets are always better than online wallets

depends on how good someone's opsec is, but in general computer wallets are more secure and offer more control.

Brewins

legendary

Activity: 1120

Merit: 1000

Multibit.

Computer wallets are always better than online wallets

Rishblitz

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I'm nothing without GOD

they work together as a client.

madmax6688

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Quote from: alamanjani on January 17, 2015, 10:19:46 PM

Quote from: Small on January 16, 2015, 12:50:19 AM

There are many wallets available
but MultiBit is a great light-weight wallet perfect for casual shoppers

I like Electrum. When installing it, you get some words to write down. Say you are doing this on Windows.
Then you later install Electrum wallet on say Linux (or Android), you choose to restore it, use the same words you wrote down when you installed it on Windows, and you will have THE SAME wallet now also on Linux, Android.... I just love it!

Multibit works in a similar way, you can also encrypt the wallet if you require.

alamanjani

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Activity: 136

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Quote from: Small on January 16, 2015, 12:50:19 AM

There are many wallets available
but MultiBit is a great light-weight wallet perfect for casual shoppers

I like Electrum. When installing it, you get some words to write down. Say you are doing this on Windows.
Then you later install Electrum wallet on say Linux (or Android), you choose to restore it, use the same words you wrote down when you installed it on Windows, and you will have THE SAME wallet now also on Linux, Android.... I just love it!

Aggressor66

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Activity: 728

Merit: 501

Quote from: dlc1962 on January 17, 2015, 11:46:45 AM

Quote from: Aggressor66 on January 17, 2015, 11:00:17 AM

Whatever Bitcoin wallet you choose, it is important to protect it from hacking. By encrypting your passwords, backing up your wallet, and possibly using multi-signature you can ensure safety and security of your Bitcoins Wink

WOW! Could you explain how to do all that?

1) Encrypt it
Always use a strong password. This makes it difficult to access your wallet, but not impossible.

2) Back it up
This will help to make a copy of your private keys. Remember to back up your entire wallet in several different places.

3) Use multisig
Multi-signature addresses allow to seed an address partially with a public key for many parties. This means that the signatures of all these parties is required to spend some of the bitcoins.

michinzx

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Activity: 364

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Quote from: dlc1962 on January 17, 2015, 05:56:10 PM

Quote from: michinzx on January 17, 2015, 01:41:08 PM

both blockchain and multibit have their pros and cons, but considering blockchain's recent hack might want to consider other options as well. If you dont want to download a 30 GB blockchain and feel confident in keeping your wallet secure on your computer multibit is a perfect choice, so is electrum.

Do you have the link for electrum?

http://lmgtfy.com/?q=electrum+wallet

its amazing how many people refuse to use google. Electrum, if i remember correctly, takes the transaction fee out of what youre sending, so might help to keep this in mind. I just use it as a "portable wallet" by remembering the mnemonic

dlc1962

newbie

Activity: 56

Merit: 0

Quote from: michinzx on January 17, 2015, 01:41:08 PM

both blockchain and multibit have their pros and cons, but considering blockchain's recent hack might want to consider other options as well. If you dont want to download a 30 GB blockchain and feel confident in keeping your wallet secure on your computer multibit is a perfect choice, so is electrum.

Do you have the link for electrum?

michinzx

sr. member

Activity: 364

Merit: 250

both blockchain and multibit have their pros and cons, but considering blockchain's recent hack might want to consider other options as well. If you dont want to download a 30 GB blockchain and feel confident in keeping your wallet secure on your computer multibit is a perfect choice, so is electrum.

dlc1962

newbie

Activity: 56

Merit: 0

Quote from: Aggressor66 on January 17, 2015, 11:00:17 AM

Whatever Bitcoin wallet you choose, it is important to protect it from hacking. By encrypting your passwords, backing up your wallet, and possibly using multi-signature you can ensure safety and security of your Bitcoins Wink

WOW! Could you explain how to do all that?

Aggressor66

hero member

Activity: 728

Merit: 501

Whatever Bitcoin wallet you choose, it is important to protect it from hacking. By encrypting your passwords, backing up your wallet, and possibly using multi-signature you can ensure safety and security of your Bitcoins Wink

dlc1962

newbie

Activity: 56

Merit: 0

Quote from: godlyitems on January 17, 2015, 08:58:30 AM

Quote from: dlc1962 on January 17, 2015, 08:44:42 AM

So far all I've done is setup blockchain as my wallet and using faucets to get bitcoins.

yep. me also use blockchain.
and no issue but i hate the fee Grin

I just want to make sure I get everything setup correctly.

godlyitems

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Activity: 224

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Quote from: dlc1962 on January 17, 2015, 08:44:42 AM

So far all I've done is setup blockchain as my wallet and using faucets to get bitcoins.

yep. me also use blockchain.
and no issue but i hate the fee Grin

dlc1962

newbie

Activity: 56

Merit: 0

So far all I've done is setup blockchain as my wallet and using faucets to get bitcoins.

Topic: Blockchain and Multibit (Read 2770 times)