Author Topic: KEEP CALM and Read this Thread  (Read 6042 times)

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Offline Fox

Let me quickly highlight the important words:
In other words, you funds are safe because your private keys are safe and eventually all bugs will be worked out.
+5%

Keep your head down and tow the line toward innovation.  We all make this work together.
Witness: fox

Offline xeroc

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Let me quickly highlight the important words:
In other words, you funds are safe because your private keys are safe and eventually all bugs will be worked out.

Offline bytemaster

BitShares X is undergoing rapid bug fixes and releases and many people have been reporting a variety of issues and are necessarily concerned about losing their balances, etc.   In this thread I hope to ease some of these concerns by letting you know what protections are in place:

1)  Every time you upgrade to a new version, the wallet data is backed up.
2)  Every time you create an account, the wallet data is backed up.
3)  All keys that you wallet ever generates for use with the blockchain are derived in a deterministic manner from the root wallet key.  We can regenerate all of these keys from an old backup if necessary and then scan the blockchain.

As long as you don't lose your private keys your funds are safe and recoverable even if the wallet doesn't report all of your transactions.

So my recommendation is that if you cannot stand the stress and don't want to be a beta tester that you wait for issues to be resolved because they will eventually get resolved.    Those that want to help in the process we appreciate it because we only have so many environments we can test in.

In other words, you funds are safe because your private keys are safe and eventually all bugs will be worked out.
« Last Edit: August 28, 2014, 02:12:39 pm by bytemaster »
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.