Post
Topic
Board Development & Technical Discussion
Re: SPV wallets and forks
by
BillyBobZorton
on 18/11/2017, 01:13:26 UTC
Yeah... I mean, who wants a wallet that takes up less than 50 megs of HDD space, loads up and syncs in a matter of seconds... when you can commit 180+GB of disk storage and a week of your life to syncing Bitcoin Core? Roll Eyes

Lightweight SPV wallets have their place and their use cases... just like full nodes, brain wallets, web wallets, paper wallets, hardware wallets and mobile wallets. Just because they don't suit your particular needs, does not make them inherently bad.

Sure, SPV wallets like Electrum (basically only Electrum, which is the only one I know with solid devs) may be a good entry point for newbies, but I don't like at all the idea of a seed being able to spawn out of nowhere my entire private key history. Don't you see this as a risk?

I would rather hold my keys on a wallet.dat file, where all the private keys are separated, so an attacker would need to actually reach the file and then decrypt it (good luck with that). Not to mention the comfortable peace of mind of validating your own transactions.