atomic guarantees atomic access to the variable but it DOESN'T make your code thread safe. Neither does non-atomic.
With "atomic", the synthesized setter/getter methods will ensure that a whole value is always returned from the getter or set by the setter, regardless of setter activity on any other thread. So if thread A is in the middle of the getter while thread B calls the setter, an actual viable value will be returned to the caller in A. For nonatomic, you have no such guarantees.