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I would have had Bitcoin at a much more opportune time if I could have gotten Armory to work. The idea that one must download the entire blockchain makes mainta

by tomc1985 9y ago

I would have had Bitcoin at a much more opportune time if I could have gotten Armory to work. The idea that one must download the entire blockchain makes maintaining a wallet very difficult for some, esp. if the wallet software doesn't accept the data at the end of the dozens+GB download.

staplers 9y ago
The idea that one must download the entire blockchain makes maintaining a wallet very difficult Totally false. There are plenty of wallets that allow you to connect to a decentralized network of servers hosting the blockchain. Electrum, Multibit to name a few.
- tomc1985 9y ago
  maybe, but I don't recall encountering any of these years ago
  - staplers 9y ago
    They have been around for over 5 years. I used them 5 years ago..
- 52-6F-62 9y ago
  For Ethereum as well— the official wallets will let you run them in light mode which brings the chain size from approaching 100GB down to a few GB
- ReverseCold 9y ago
  NEM (the coin that was stolen) doesn't make any local wallet user download the chain. Instead, it uses a client server model. https://nem.io/ https://nem.io/ As such, the wallet is super lightweight and easy for an average user. Doesn't protect you from exchange hacks though.
lawlessone 9y ago
eh, not all wallet require the whole blockchain. e.g electrum
naveen99 9y ago
You don't need to download the entire block chain to generate a receive address. You don't even need to download the entire thing to spend if you don't care about privacy. You can use vbuterin's python scripts to do the whole thing off public blockchain api's.
kalleboo 9y ago
I've messed around with Bitcoin and I can't get past the fact that the top 2 most recommended wallets for macOS aren't signed by Apple and you have to verify a PGP signature manually (and the author's key is signed by a bunch of people I've never heard of so even that is a leap of faith). So I refuse to deal with amounts bigger than I assume will definitely get stolen.

staplers 9y ago

The idea that one must download the entire blockchain makes maintaining a wallet very difficult Totally false. There are plenty of wallets that allow you to connect to a decentralized network of servers hosting the blockchain. Electrum, Multibit to name a few.

tomc1985 9y ago
maybe, but I don't recall encountering any of these years ago
- staplers 9y ago
  They have been around for over 5 years. I used them 5 years ago..
52-6F-62 9y ago
For Ethereum as well— the official wallets will let you run them in light mode which brings the chain size from approaching 100GB down to a few GB
ReverseCold 9y ago
NEM (the coin that was stolen) doesn't make any local wallet user download the chain. Instead, it uses a client server model. https://nem.io/ https://nem.io/ As such, the wallet is super lightweight and easy for an average user. Doesn't protect you from exchange hacks though.

lawlessone 9y ago

eh, not all wallet require the whole blockchain. e.g electrum

naveen99 9y ago

You don't need to download the entire block chain to generate a receive address. You don't even need to download the entire thing to spend if you don't care about privacy. You can use vbuterin's python scripts to do the whole thing off public blockchain api's.

kalleboo 9y ago

I've messed around with Bitcoin and I can't get past the fact that the top 2 most recommended wallets for macOS aren't signed by Apple and you have to verify a PGP signature manually (and the author's key is signed by a bunch of people I've never heard of so even that is a leap of faith). So I refuse to deal with amounts bigger than I assume will definitely get stolen.