Yes, what is unsafe about electrum?
Thanks for the input Justus!
One of the reasons i heard is that it has deterministic wallets with 160 bit seed, vs 256bit seeds in armory.
But armory is switching to 160bit, soon anyway (bip32 i think).
They say that 160bit, is big enough to make seed collisions "impossible" enough.
What other reason is Electrum less secure than armory, for storing/spending 10,000 btc?
Possibly the seed algorithm is less secure? Perhaps there are other technical shortcuts, because electrum was focused on ease of use and not security?
Is it because armory dev is more "trustworthy" than electrum dev?
I know many bitcoiners only trust gavin, and still only use the satoshi client (though fewer nowadays, because armory/electrum have built reputation).
Justus, can u send a link or describe the technical reasons why it is less private? or secure?
And what improvement to electrum do you need, to finally make the switch to electrum?
thanks!
Ar you able to use offline an offline machine as a signing agent with electrum now?
With my Armory setup I have a cheap netbook setup as an offline machine (wifi disabled in BIOS) which I then wiped and installed Ubuntu and Armory on. This machine is required to sign transactions I make on the online Armory machine. This way I think it is pretty unlikely (especially if yo uare not spending but only storing bitcoins) that coins can be lost due to online hack of any sort...
Of course you still need to backup your encrypted wallet file along with paper seed/chaincode but this can be done safely using m-of-n backup.
Bitcoins could still be lost through physical intimidation I guess... Can electrum offer similar? If it can that would be interesting...