Did you try reporting it?
You seem to be the one with a pay/post signature campaign, boosting your post count.
You seem to be the one with a pay/post signature campaign, boosting your post count.
It was no offence, I was trying to help you.
-MZ
Topic: Blockchain vs Electrum (Read 8161 times)
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I prefer Zakir over Muhammed when mentioning me!
Both the above posts are correct. I use Blockchain.info sometimes but I don't hate downtime, I hate fake blocks and transaction errors, i.e., orphaned blocks getting added, confirmed transaction not getting confirmations, non-confirmed transactions getting conformations etc...
It was no offence, I was trying to help you.
-MZ
It was no offence, I was trying to help you.
-MZ
How many timse has blockchain been down? just curious.
Online wallets are generally unreliable due to the downtimes and a website full of bugs. I wouldn't recommend anyone to use blockchain.info due to the obvious security issues and unreliability. 
Electrum is shit compared to Maidsafe. Prove me wrong.
Is there any MaidSafe Bitcoin wallet? I couldn't find one.
-MZ
There isn't. He is just trolling.
Regarding OP, Blockchain have been having a lot of issues lately so I will go with Electrum.
just use electrum , its better in all ways online wallets are never 100% safe , offline wallets are if threated like they arent
What do you mean with offline wallets? Every type of wallet is online, I think you wanted to say "desktop wallet" or am I wrong? However greenAddress (in my opinion) is the best secure/strong webWallet much better than blockchain.info .
Perhaps he meant cold storage?
Nope. Didn't you just read the post after it? #44. Please avoid posts like these. Non-constructive+signature advertisement - may get a small period ban.
-MZ
Did you try reporting it?
You seem to be the one with a pay/post signature campaign, boosting your post count.
How many timse has blockchain been down? just curious.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
Electrum is shit compared to Maidsafe. Prove me wrong.
Is there any MaidSafe Bitcoin wallet? I couldn't find one.
-MZ
Electrum is shit compared to Maidsafe. Prove me wrong.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
just use electrum , its better in all ways online wallets are never 100% safe , offline wallets are if threated like they arent
What do you mean with offline wallets? Every type of wallet is online, I think you wanted to say "desktop wallet" or am I wrong? However greenAddress (in my opinion) is the best secure/strong webWallet much better than blockchain.info .
Perhaps he meant cold storage?
Nope. Didn't you just read the post after it? #44. Please avoid posts like these. Non-constructive+signature advertisement - may get a small period ban.
-MZ
just use electrum , its better in all ways online wallets are never 100% safe , offline wallets are if threated like they arent
What do you mean with offline wallets? Every type of wallet is online, I think you wanted to say "desktop wallet" or am I wrong? However greenAddress (in my opinion) is the best secure/strong webWallet much better than blockchain.info .
Perhaps he meant cold storage?
okay now it shows btc in my wallet. The only thing is the date shows unverified. So could i send btc now?
You should be able to spend the Bitcoins already, if the transaction has at least 1 confirmation, you can spend it already. I believe your electrum wallet wants at least 6 confirmation to ensure that a double spend will be difficult unless 51% of the mining power is under the attacker.thanks. it now shows a green check mark.
So i see if i send btc to an address theres a fee of 0.0002 btc. Does anyone know how one can send their entire bitcoin balance on electrum to another site then when theres a fee of 0.0002 btc fee? Example say you have 12.23921899 btc. How much btc exactly do you put in send amount so after the sending fee theres exactly 0 btc in the account?
electrum compared to blockchain
Electrum for me. But I don't have many funds :-)
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I prefer Zakir over Muhammed when mentioning me!
No I've never used armory , maybe one day I will try it. GreenAddress + hardware wallet (like trezor or ledger wallet) is the best option for the moment.
Many people don't like to spend money on hardware wallets. If they have many Bitcoin to store, then hardware wallets are the best option. Electrum supports hardware wallets Trezor and HW.1 and Multibit will be soon releasing. I have tested HW.1+GreenAddress and it was easy to setup and works great. I have 2 BTChip-HW.1 wallets, I maybe selling 'em if I can find a buyer as I am in need of Bitcoin.
-MZ
What do you mean with offline wallets? Every type of wallet is online, I think you wanted to say "desktop wallet" or am I wrong?
Yeah, he meant 'desktop wallet'. People use offline wallet for 'offline wallet(aka cold wallet) and for desktop wallet. One word for 2 different things complicate the questions/answers.
However greenAddress (in my opinion) is the best secure/strong webWallet much better than blockchain.info .
GreenAddress is better but people tend to use Blockchain.info as it can be accessed everywhere.
Have anybody ever used Armory offline+CounterWallet? It's better than GreenAddress IMHO.
-MZ
No I've never used armory , maybe one day I will try it. GreenAddress + hardware wallet (like trezor or ledger wallet) is the best option for the moment.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
What do you mean with offline wallets? Every type of wallet is online, I think you wanted to say "desktop wallet" or am I wrong?
Yeah, he meant 'desktop wallet'. People use offline wallet for 'offline wallet(aka cold wallet) and for desktop wallet. One word for 2 different things complicate the questions/answers.
However greenAddress (in my opinion) is the best secure/strong webWallet much better than blockchain.info .
GreenAddress is better but people tend to use Blockchain.info as it can be accessed everywhere.
Have anybody ever used Armory offline+CounterWallet? It's better than GreenAddress IMHO.
-MZ
just use electrum , its better in all ways online wallets are never 100% safe , offline wallets are if threated like they arent
What do you mean with offline wallets? Every type of wallet is online, I think you wanted to say "desktop wallet" or am I wrong? However greenAddress (in my opinion) is the best secure/strong webWallet much better than blockchain.info .
just use electrum , its better in all ways online wallets are never 100% safe , offline wallets are if threated like they arent
It's really just your preference, however, greenaddress does offer better security and features. Greenaddress allows you to setup a transaction limit and will limit your transaction volume. If your account gets hacked, the hacker will not be able to make more transaction than what you specified. Also, blockchain.info has some security holes before.
Yes, it is 100 time more secure than blockchain.info - check the greenAddress official thread here in the forum : https://bitcointalksearch.org/topic/greenaddress-open-source-multisig-wallet-service-521988
I couldn't find an option that lets user have control over their Private keys, what happens if for some reason the site is down? How will a user get access to their funds?
Quote
But what happens if your service goes away? Will I lose my coins?
GreenAddress signs each transaction with its own key in addition to client-side signing by user's keys, and funds are stored in 2-of-2 multisignature outputs requiring both signatures to spend. The drawback of it is that you cannot control your funds without GreenAddress' signature, so you are right to worry that you can lose your coins.
But! We have solved this issue by providing nLockTime transactions which essentially make deposits 'expire' after some time, which allows redeeming them without our intervention after this pre-set period of time. It is enabled by default when you have email notifications and two factor enabled.
This allows you to keep your ease of mind even in case GreenAddress disappears with its keys.
It also means that every time the funds expire the user has to re-transfer them. This can be automated on login and notified in advance via email or manually done.
For redeeming the funds after expiration, you can use a tool we've developed specifically for this purpose - see Gentle and its project on GitHub. It's open source!
. Therefore, even if they go down, you can still redeem your inputs using gentle(http://greenaddress.github.io/gentle/#/view1)GreenAddress signs each transaction with its own key in addition to client-side signing by user's keys, and funds are stored in 2-of-2 multisignature outputs requiring both signatures to spend. The drawback of it is that you cannot control your funds without GreenAddress' signature, so you are right to worry that you can lose your coins.
But! We have solved this issue by providing nLockTime transactions which essentially make deposits 'expire' after some time, which allows redeeming them without our intervention after this pre-set period of time. It is enabled by default when you have email notifications and two factor enabled.
This allows you to keep your ease of mind even in case GreenAddress disappears with its keys.
It also means that every time the funds expire the user has to re-transfer them. This can be automated on login and notified in advance via email or manually done.
For redeeming the funds after expiration, you can use a tool we've developed specifically for this purpose - see Gentle and its project on GitHub. It's open source!
That's just too complicated and I prefer having the keys for my wallet with me but maybe it will suit others, as for me I will stick to blockchain.info for small amount of funds and keep the bigger ones in cold storage and use electrum to handle those.
But thank you for providing this info.
electrum all the way, and i don't remember that you can sign offline transaction with blockchain
I still don't understand how in hell you can do "offline transactions". How can that ever happen if we aren't connected to the blockchain? is there any video that answers this in layman's?This tutorial will guide you through the steps involved.
https://electrum.org/tutorials.html#offline-mpk
@viking02, Can you please edit the title of thread? Maybe it is better " Blockchain.info vs Electrum".
Thanks for the attention.
Thanks for the attention.
For me,
Electrum is too good, YES its an offline wallet or an wallet from your PC. You control the computer, So you are responsible . if any damage gonna happen to your computer, such as deadly viruses , etc. You will lost all your BTC, BUT Electrum have an great feature. They called it "Magic words then Welcome back BTC" That means, If you type your magic words you will get back your BTC again. Its an feature where its automatically saved when you created an wallet to electrum, You should get an magic words and memorize it or save it, or whatever, However Electrum is still best for me, You can set your Sending FEE to 0.1 USD.
Electrum is too good, YES its an offline wallet or an wallet from your PC. You control the computer, So you are responsible . if any damage gonna happen to your computer, such as deadly viruses , etc. You will lost all your BTC, BUT Electrum have an great feature. They called it "Magic words then Welcome back BTC" That means, If you type your magic words you will get back your BTC again. Its an feature where its automatically saved when you created an wallet to electrum, You should get an magic words and memorize it or save it, or whatever, However Electrum is still best for me, You can set your Sending FEE to 0.1 USD.
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