Nothing has changed, except a tiny number at Cryptsy and a couple tons of Un moved to better hands.
People: Take your coins off of cryptsy! Take your coins off of exchanges!
Which do you recommend - coinwallet or desktop wallet? I do not entirely trust my notebook at present. I think that the UNO paper wallet generator could use some instructions. I'm looking at the page now - I see that I can generate an unobtanium address by moving my mouse around, but no idea what to do next?
Z
Howdy and welcome! What i did was purchase some kingston data traveler drives. I just like the design of them. I bought a four pack off amazon and copied my wallet.dat to them. I have one in the safe with the guns just in case and the rest are just around chillin. The odds of me losing one copy are pretty high. The odds of me losing 4 different copies. I should check out from life if that happens..
Nothing beats storing your coins and backing up those wallets on your own. It is fine to trust exchanges and websites, but never with more than you need to risk. If you don't plan on selling the coins, keep them safe on your pc. With the redundant back ups i have suggested, you would have nothing to worry about if your hdd does fail.
Questions for all: I am still wondering though, the chain is the public ledger of which address has which coins. So that is what is keeping track of where everything is. I guess that is what the private key is all about? That is what unlocks the tumbler that is the "public key" and allows access to the coins stored inside? If you were to think of it like a vault.
So when we make a back up of our wallets, all we are really doing is making a back up of our private keys? There really is no need to keep backing up my wallet each time i add new coins to it?
I know i know, this is basic stuff, i never had to think about it though. Is that the gist of things though?