Topic: Can what happened to Samourai Wallet happen to Electrum ? - page 3. (Read 792 times)
Governments can always take down any website they want as history has shown us, but it doesn't necessarily make the software inaccessible. If for instance the authorities shutdown Electrums website, I'm pretty sure the software will still be distributed elsewhere.
I guess this has made users of this wallet unsecured.
People who used Samourai didn't lose their funds, if that is what you think or mean. It is a self custodial wallet, and even if they can no longer access their funds in the Samourai software, they can use their seed phrase and import their wallet into another recommended software in order to access their funds. Electrum is not a privacy solution and it is not a target of the government.The reason is that our Bitcoins are stored on the Bitcoin blockchain, not within the wallet itself. As long as you have your private keys or seed phrase that you can access, you're safe, you can still access your Bitcoins using alternative wallet software, even if Electrum or Samuari wallets were banned.
Speaking of Electrum, IMO, it's impossible to be banned, they aren't the same as Samurai.
First of all, there is no such reason to ban the Electrum wallet and arrest the developer. They aren't doing any crime or earning money from Electrum. Let's say the government still bans and removes the Electrum from everywhere. But still, you will have the funds; you can simply import your seed to any other wallet. Even you can use an Electeum wallet by creating it yourself. Due to open source, anyone can clone it easily. So still, we will be able to use Electrum. It's also decentralised; no one controls it.
I guess this has made users of this wallet unsecured.
People who used Samourai didn't lose their funds, if that is what you think or mean. It is a self custodial wallet, and even if they can no longer access their funds in the Samourai software, they can use their seed phrase and import their wallet into another recommended software in order to access their funds. Electrum is not a privacy solution and it is not a target of the government. 
It's impossible to happen on Electrum it doesn't have a feature the same as Samourai.
Electrum does not have any tools that can be use for money laundering and we're using it as alternative lite wallet because Bitcoin Core needs more resources than Electrum.
The government only seeks for wallets or services that can be used for money laundering maybe Sparrow and Wasabi both of them have the same features as Samourai.
Electrum does not have any tools that can be use for money laundering and we're using it as alternative lite wallet because Bitcoin Core needs more resources than Electrum.
The government only seeks for wallets or services that can be used for money laundering maybe Sparrow and Wasabi both of them have the same features as Samourai.
Do you think this can happen to other software wallets ? Especially Electrum ?
For other wallets, I don't dare to say that something like what happened to Samourai Wallet would not happen if the main party from another wallet did the same thing as Samourai Wallet did.
But I dare say what happened to Samourai Wallet will not happen to Electrum Wallet.
Aside from Charles-Tim's explanation about how Electrum won't end up like Sampurai, they (Electrum) don't get paid and don't make money.
There is a topic that I will leave here to read.
https://bitcointalksearch.org/topic/m.62801387
Hello,
I saw that the founders of Samourai Wallets were arrested and that the website to download the wallet was frozen. I guess this has made users of this wallet unsecured.
Do you think this can happen to other software wallets ? Especially Electrum ?
I saw that the founders of Samourai Wallets were arrested and that the website to download the wallet was frozen. I guess this has made users of this wallet unsecured.
Do you think this can happen to other software wallets ? Especially Electrum ?
Understand that government made actions against the founders for money laundering not for having the wallet software so I don't find any reason for Electrum to be facing the same problem that mixers are facing.
In future if Electrum goes down the path then someone can create a wallet similar to Electrum so no need to worry for now Electrum is safe to be used.
Do you think this can happen to other software wallets ? Especially Electrum ?
Government can not take down Electrum because Electrum is only a wallet and not centralized in any way than its users using central server to connect to the blockchain.In short, Electrum is not aiming for money in a centralized way that can make government to take it down. It is not even a mixer. Not having anything that can make it to be the government target.
Hello,
I saw that the founders of Samourai Wallets were arrested and that the website to download the wallet was frozen. I guess this has made users of this wallet unsecured.
Do you think this can happen to other software wallets ? Especially Electrum ?
I saw that the founders of Samourai Wallets were arrested and that the website to download the wallet was frozen. I guess this has made users of this wallet unsecured.
Do you think this can happen to other software wallets ? Especially Electrum ?
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