Default derivation path should be m/44'/60'/0'/0/n`

[MrChico]

From discussion in ethereum/EIPs#84, the general agreement seems to be that the HD derivation path used by ethereum should be m/44'/60'/0'/0/n`

[andreiashu]

been scratching my head today about this same issue since myetherwallet.com and a few other BIP39 compatible generators use m/44'/60'/0'/0 so the addresses generated there are not the same with eth-lightwallet.

This would be a backwards incompatible change though.