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While I agree, the same can be said about running your own wallet unless you are meticulous about backups and security.
by tlrobinson 12y ago
While I agree, the same can be said about running your own wallet unless you are meticulous about backups and security.
- LeoPanthera 12y agoThis is not necessarily true. Electrum generates your addresses deterministically from a list of words given to you which are generated from a random seed. You just write down these words and store them in a safe place, and you will always be able to recover your coins. (This doesn't prevent against your computer being hacked, of course, but it does encrypt your private keys and require a password before sending anything, which is reasonable.)