Post
Topic
Board Bitcoin Discussion
Re: 2014 is going to be a GOOD year for bitcoin they said...
by
waxwing
on 11/03/2014, 21:06:42 UTC
Which is exactly why you use Electrum or other deterministic wallets. You never have to update backups. You just keep the 12 word seed and that's it.
Then you should pray that Electrum has a decent security team.

All wallets are in the process of going deterministic as it's an obviously superior model.

Once you go deterministic, you never go back.