Electrum should officially support Bitcoin Cash

pooya87

legendary

Activity: 3472

Merit: 10611

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Good for you. Keep using your USB stick and paper wallets - we will see you in this forum when you claim that to have been robbed... You believe in those very first technologies, it is your right.

The part that you may fail to understand, is that the hardware wallet is nothing. It is only a vehicle. The assets are in the 12 or 24 words seed.... Those are worth protecting - not the hardware.

the hardware wallet is using the same technology as a USB stick as far as its hardware goes.
the seed is also the same BIP that wallets use and it has the same stregth
the encryption is also the same

none of these are some hidden weird alien created technologies, these are the same things open to us to also use for own purposes. you just have to know how to use them properly. as i said hardware wallet is for those that are lazy Wink

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: ?? on ??

Quote from: Coin-Keeper on August 06, 2017, 04:09:18 PM

I am in the camp where Electrum stays with BTC solely. Thomas can do whatever he desires with HIS software and I'll support his call. In my world of thinking I would rather see a separate piece of code that properly handles BCC in order to avoid mixups where new users make so many mistakes. I have not heard of any seasoned "holders" with over 100 coins making these simple errors. Has anyone?

Holders of over only 1 bitcoins have a hardware wallet like Trezor, Ledger Nano or KeepKey. If they don't, they are just careless. Even holders with paper wallets are careless, since they are vulnerable the minute they will convert their paper wallet to a software wallet. The top-of-class technology at the moment is hardware wallet - not paper wallet.

So if you have a hardware wallet, it doesn't matter if a clone of Electrum is attempting to steal your seed - because you don't have to enter it or private keys to make it work. And if you have converted your Trezor wallet to a BIP44 wallet, i.e.: a wallet with m'/44'/145'/0'/0 derivation - you are good to go with Electron-cash - just mention it on the "soft-software" creation of you Trezor wallet, which stores only the PUBLIC keys of your device on your PC.

those who are using hardware wallets are not "careful" they are uneducated and lazy to educate themselves. and a hardware wallet is also easily damaged in other ways. but people only know how "paper can be damaged" and not "how a hardware can" so they assume there is no way to lose anything if you use hardware wallet.

i personally prefer paper wallet and my own hardware wallet which i know the code and can see it. have already done it too. i have a simple USB which i have set up with the open source electrum and open source linux and have my whole stash there with appropriate back ups.

Coin-Keeper

hero member

Activity: 761

Merit: 606

I am in the camp where Electrum stays with BTC solely. Thomas can do whatever he desires with HIS software and I'll support his call. In my world of thinking I would rather see a separate piece of code that properly handles BCC in order to avoid mixups where new users make so many mistakes. I have not heard of any seasoned "holders" with over 100 coins making these simple errors. Has anyone?

Itty Bitty

member

Activity: 138

Merit: 14

Quote from: zanza on August 05, 2017, 07:30:10 PM

I say this only now, because tons of people are losing their main chain Bitcoin because of being forced to use other wallet implementation like Electron cash, which has no reputation in Google thus its much harder to see a scam site. A lot of scam sites are making LOTS of money the past few days because people downloading corrupt versions of the software.

Also, it would be pretty trivial and minimum coding to actually do so. So, politically I get it, Electrum doesn't support BCC so they don't want to support it in their software. However, its kind of turning into a train wreck with normal electrum wallet users getting their coins stolen since they didn't download a proper version of "Electron."

Ledger and Trezor handled it ok.

Agreed.

Also - I don't think it's "free" money. The value of bicoin cash is being sucked out of the total BTC price, IMO. This amount needs to be preserved somehow to maintain your true bitcoin value. In fact, those selling it are speculating - not getting free money.

I don't see how one can compare bitcoin cash to DASH or LTC when you consider how much hashrate is behind it.

Electrum is wrong in not providing an easy avenue for value recovery, and I'm sure the pressure will mount on them as it did for Coinbase and Poloniex

pooya87

legendary

Activity: 3472

Merit: 10611

if you check the electron cash repository you can clearly see that the good man Thomas is contributing and fixing the problems there. you can see the commits by "ecdsa" user there. it is just because he is awesome.

also it will be hard and complicated to add support for new coins in one wallet. it is best to focus on one thing and keep the wallet as simple as possible rather than complicating it for newcomers. and what will be next, adding other altcoins too?

kolloh

legendary

Activity: 1736

Merit: 1023

Yeah, BCC really doesn't have any place in the official Electrum client. It is unnecessary and adds a lot of complexity to the software.

People should be taking proper precautions and doing the necessary research before running random software. They should be running it in a VM or something to help isolate it from their primary wallets and protect themselves.

HCP

legendary

Activity: 2086

Merit: 4361

Quote from: zanza on August 05, 2017, 07:30:10 PM

I say this only now, because tons of people are losing their main chain Bitcoin because of being forced to use other wallet implementation like Electron cash, which has no reputation in Google thus its much harder to see a scam site. A lot of scam sites are making LOTS of money the past few days because people downloading corrupt versions of the software.

So... you're basically saying that because people are "lazy, greedy and stupid"... that ThomasV should do all the hardwork to protect these people from their own stupidity? Roll Eyes

"Be your own bank", also implies "Be your own security team"... it comes with responsibility... which seems to be a really foreign concept to a lot of people these days. If you want to run off an get your BCH, then the onus is on YOU to go and do it in a safe manner.

Quote

Also, it would be pretty trivial and minimum coding to actually do so.

If it is so trivial... why don't you fork the code, make the changes and create a pull request? Huh

Given the issues and hassles the ElectronCash guys are having right now with the bugs in MultiSig etc, I'd say the changes required are FAR from trivial and certainly not "minimal coding"... Tongue

Although, why anyone would bother now that the value has dropped after everyone predictably dumped their BCH for "free money"...

zanza

newbie

Activity: 40

Merit: 0

I say this only now, because tons of people are losing their main chain Bitcoin because of being forced to use other wallet implementation like Electron cash, which has no reputation in Google thus its much harder to see a scam site. A lot of scam sites are making LOTS of money the past few days because people downloading corrupt versions of the software.

Also, it would be pretty trivial and minimum coding to actually do so. So, politically I get it, Electrum doesn't support BCC so they don't want to support it in their software. However, its kind of turning into a train wreck with normal electrum wallet users getting their coins stolen since they didn't download a proper version of "Electron."

Ledger and Trezor handled it ok.

Topic: Electrum should officially support Bitcoin Cash (Read 529 times)