Topic: My Electrum approach appropriate or should I use Armory according long term use (Read 635 times)
January 05, 2014, 02:40:40 AM
you should take the best approach because electrum is more efficient
January 02, 2014, 02:26:29 PM
I am creating lots of seeds (around 40 seeds) in Electrum to divide Bitcoins among them - and will not even see the seeds for years.
Am I taking a risk here? Or is this secure enough? The only risk I see is which I posted there, what do you think?:
https://bitcointalksearch.org/topic/m.4270433
I am taking Electrum approach, because Electrum seems to be the easiest way to handle these (creating, recovery etc.).
So - am I taking a relatively riskier approach as in my aforementioned post? Or can I be comfortable? Otherwise - what can you advise me what to do?
Paper backups seem to be better - but, they seem a bit more complicated for me. (I do not know if I will be able to access it a few months or years later. Can not make a test. So I will not be sure if it will really work or not after creating.)
In Electrum, at least I can test after creating them, if I can have an access, send some symbolic bitcoins back and forth and see it is really useable.
What approach should I take?
Yes - I did not increase my literature about bitcoin a lot. And not gone through this forum or other sites thoroughly. Not a Bitcoin enthusiast here, with motivation a lot, and can not search in a detailed manner, some personal things ongoing as well. Simply an investor, and will forget for a long time, however I should have no worries for future access. But I have to go through these stages, you know, no secure place to store these other than myself. So - step by step, what to do in laymans terms?
Or, as a summary, is Electrum sufficient enough to meet my need?
Armory - is it a reliable tool? If I create a wallet with it - can I store something just on paper as here:
https://bitcointalksearch.org/topic/m.1614537
Is Electrum more vulnerable (because of only word seeds) and should I use Armory?
Am I taking a risk here? Or is this secure enough? The only risk I see is which I posted there, what do you think?:
https://bitcointalksearch.org/topic/m.4270433
I am taking Electrum approach, because Electrum seems to be the easiest way to handle these (creating, recovery etc.).
So - am I taking a relatively riskier approach as in my aforementioned post? Or can I be comfortable? Otherwise - what can you advise me what to do?
Paper backups seem to be better - but, they seem a bit more complicated for me. (I do not know if I will be able to access it a few months or years later. Can not make a test. So I will not be sure if it will really work or not after creating.)
In Electrum, at least I can test after creating them, if I can have an access, send some symbolic bitcoins back and forth and see it is really useable.
What approach should I take?
Yes - I did not increase my literature about bitcoin a lot. And not gone through this forum or other sites thoroughly. Not a Bitcoin enthusiast here, with motivation a lot, and can not search in a detailed manner, some personal things ongoing as well. Simply an investor, and will forget for a long time, however I should have no worries for future access. But I have to go through these stages, you know, no secure place to store these other than myself. So - step by step, what to do in laymans terms?
Or, as a summary, is Electrum sufficient enough to meet my need?
Armory - is it a reliable tool? If I create a wallet with it - can I store something just on paper as here:
https://bitcointalksearch.org/topic/m.1614537
Is Electrum more vulnerable (because of only word seeds) and should I use Armory?
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