I haven't had any issue with electrum in ~6 months of use, but what do you mean by safe?
There is always the possibility of unforseen vulnerabilities. Heartbleed was a dumb mistake in otherwise quite mature code.
Safety is not guaranteed.
Topic: Is Electrum safe? (Read 919 times)
safe
i used electrum for long time and never face any problem
i used electrum for long time and never face any problem
Are there known bugs in the current Multibit version?
http://www.reddit.com/r/Bitcoin/comments/22gt4r/major_mulitibit_bug_btc_gone_it_cost_me_all_of_my/
Responses from MultiBit developer:
http://www.reddit.com/r/Bitcoin/comments/22gt4r/major_mulitibit_bug_btc_gone_it_cost_me_all_of_my/cgn38cv
Quote
In the life of MultiBit (i.e from 2011) there's probably a handful of cases like these. If there is damage to the private key bytes (for whatever reason) and there is no other copy available/ backed up then you've lost access to the bitcoins.
http://www.reddit.com/r/Bitcoin/comments/22gt4r/major_mulitibit_bug_btc_gone_it_cost_me_all_of_my/cgn1b7h
Quote
- snip -
Generally in life if someone says they are 'too busy' to help it either means:
A) There are brushing you off.
or
B) They actually ARE too busy.
Let me explain why B) is the case here.
Since October 2013 Gary Rowe and I have been working on the next version of MultiBit (MultiBit HD). It has a lot of improvements. Critically for this thread it has deterministic wallets which makes private key regeneration possible and reduces significantly the chance of private key loss. In addition it has rolling backups, local backups and cloud backups.
It's a big job and it's probably still a month from being in beta. I work on it every day. I mean EVERY day. I cannot remember the last day I had a completely free day (except for last Christmas).
You can only do so much so there are a whole stack of things in my personal life that are on hold to get MBHD out the door.
To give one example: My electricity is run from solar/ diesel, running through a battery store. The batteries are old and need replacing. (This is normal - they only last 1000 recharges or so).
So I need to replace them - this will take a few days to take out the couple hundred kilos of batteries, replace them, wire them up, dispose of them etc.
This job is on hold until MBHD is out. So my power envelope in the evening is about 6 watts. I can have a couple of 3W LED lights on. That's it.
Getting MBHD out the door will help improve the security of a lot (hundreds of thousands) of people's private keys so I don't mind making a 'short term' sacrifice. By short term I mean six months.
- snip -
Generally in life if someone says they are 'too busy' to help it either means:
A) There are brushing you off.
or
B) They actually ARE too busy.
Let me explain why B) is the case here.
Since October 2013 Gary Rowe and I have been working on the next version of MultiBit (MultiBit HD). It has a lot of improvements. Critically for this thread it has deterministic wallets which makes private key regeneration possible and reduces significantly the chance of private key loss. In addition it has rolling backups, local backups and cloud backups.
It's a big job and it's probably still a month from being in beta. I work on it every day. I mean EVERY day. I cannot remember the last day I had a completely free day (except for last Christmas).
You can only do so much so there are a whole stack of things in my personal life that are on hold to get MBHD out the door.
To give one example: My electricity is run from solar/ diesel, running through a battery store. The batteries are old and need replacing. (This is normal - they only last 1000 recharges or so).
So I need to replace them - this will take a few days to take out the couple hundred kilos of batteries, replace them, wire them up, dispose of them etc.
This job is on hold until MBHD is out. So my power envelope in the evening is about 6 watts. I can have a couple of 3W LED lights on. That's it.
Getting MBHD out the door will help improve the security of a lot (hundreds of thousands) of people's private keys so I don't mind making a 'short term' sacrifice. By short term I mean six months.
- snip -
I think Electrum should be safe, as well as Multibit. Just make sure to keep backups.
Multibit is not safe at all, you can very easily lose your coins due to a bug.
I think Electrum should be safe, as well as Multibit. Just make sure to keep backups.
Multibit is not safe at all, you can very easily lose your coins due to a bug.
Is Electrum safe or should i use bitcoin-qt?
Depends if you want to be constntly downloading all the transactions on the blockchain. Electrum is safe but both wallets arent gonna be much good if you've got a key logger. There's also an online blockchain.info wallet which is fast and simple to use and has 2 factor authentification.
I think Electrum should be safe, as well as Multibit. Just make sure to keep backups.
Bitcoincore, multibit, Armony, electrum, I think all of them are fine to use But bitcoin core is in the first place.
i use Electrum, and have done so for sometime - i have had zero issues with it...
loads super quick no worrying about syncing up is super quick... would recommend
loads super quick no worrying about syncing up is super quick... would recommend
Is Electrum safe or should i use bitcoin-qt?
I guess going through this thread may give u some idea => https://bitcointalksearch.org/topic/which-bitcoin-client-do-you-use-and-why-468095
use bitcoin-qt 0.9.02 core.
Is Electrum safe or should i use bitcoin-qt?
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