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Title: importing private key Post by: sayachi on June 11, 2016, 05:34:09 PM Hi guys, Let's say I have my paper wallet, how can I spend my bitcoin if the software that created my private keys stop working like bitcoint core or eletrum ?
Title: Re: importing private key Post by: OmegaStarScream on June 11, 2016, 05:41:49 PM Hi guys, Let's say I have my paper wallet, how can I spend my bitcoin if the software that created my private keys stop working like bitcoint core or eletrum ? I'm not sure why people like to think in such scenario. Electrum may go down (unlikely) but It's impossible for Bitcoin Core to go down otherwise bitcoin will go down too and you won't shouldn't care about your bitcoins anymore if that happens. Other than that, you can import your private keys to blockchain.info wallet . As long as you have access to your private keys , you should be fine. Title: Re: importing private key Post by: Chris! on June 11, 2016, 05:44:11 PM It doesn't matter. You could import it to any bitcoin client that exists at the time you would like to spend it. It could be bread wallet, mycelium, electrum or any other. What you import it to doesn't matter (well, not an online wallet for obvious reasons) because you have your private key printed out. No matter what, you're good to go.
Title: Re: importing private key Post by: Kprawn on June 11, 2016, 05:49:25 PM No matter what service you use... if you have the sole access to the private key, you could import that to any other wallet and you could continue as normal. Generally we would not re-use that combo
once it was exposed on the internet, but you could just sweep it to another address and everything would be fine. I created several paper wallets offline for just this scenario... So if something happens, I can sweep it quickly to one of these wallets and everything would be OK. ;D Title: Re: importing private key Post by: amacar2 on June 11, 2016, 05:51:59 PM You can try blockchain.info import feature where you can just simply paste your private key and it will be your wallet address to send and receive bitcoin in future.
Title: Re: importing private key Post by: franky1 on June 11, 2016, 06:22:18 PM though you can import private keys into any wallet. dont assume that will always be the case.
some core-devs are already talking about switching to different algorythms and also cutting off old algo's so although its not a worry now. dont hold onto a paper wallet and forget about checking up on latest bitcoin decisions for the next 10 years Title: Re: importing private key Post by: Carlton Banks on June 11, 2016, 07:32:31 PM though you can import private keys into any wallet. dont assume that will always be the case. some core-devs are already talking about switching to different algorythms and also cutting off old algo's so although its not a worry now. dont hold onto a paper wallet and forget about checking up on latest bitcoin decisions for the next 10 years To all whom it may concern: the address format/structure has changed before, and for technical or security reasons also. The alternative to changing the format is the risk of theft. The quoted post is pure FUD and has zero merit (plus ca change, Franky has been trolling bitcointalk for years) |