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Nightly builds are good thing, they provide immediate feed back to developers if they broke the build.Having a nightly build means that the software and likely to build for new users.s/w that is not build regularly is difficult to release.
Eraser is available in a few flavours, the stable, the beta as well as the nightly builds. Stable builds of Eraser are builds in which few, if any, bugs remain in the code and is suitable for use in all environments. If in doubt, choose the Stable version. The beta and nightly builds cater to a slightly different audience.