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Title: How Much can a Paper Wallet Hold? Post by: Mpamaegbu on April 27, 2017, 12:44:45 PM I guess this question has not been asked here or somewhere on this forum as I have searched for this to no avail.
I ask this because I expect to receive around 1,000 dogecoins (wish it were Bitcoin though) into my paper wallet this weekend. How much really can a Paper Wallet Hold? Title: Re: How Much can a Paper Wallet Hold? Post by: mocacinno on April 27, 2017, 12:45:48 PM I guess this question has not been asked here or somewhere on this forum as I have searched for this to no avail. I ask this because I expect to receive around 1,000 dogecoins (wish it were Bitcoin though) into my paper wallet this weekend. How much really can a Paper Wallet Hold? there is no limit, a paper wallet usually just shows your (wif compressed) private key and your address (which is basically a hash of your private key). you can create as much transactions whose outputs can be spent by the owner of the address, you can theoretically send all DOGE ever mined (minus the coinbase in the very first block) to your paper wallet without consequences (besides the doge market would probably collapse if you were the only one holding DOGE) Title: Re: How Much can a Paper Wallet Hold? Post by: cagriari on April 27, 2017, 01:22:59 PM I guess this question has not been asked here or somewhere on this forum as I have searched for this to no avail. I ask this because I expect to receive around 1,000 dogecoins (wish it were Bitcoin though) into my paper wallet this weekend. How much really can a Paper Wallet Hold? There is no limit as mocacinno said Title: Re: How Much can a Paper Wallet Hold? Post by: Mpamaegbu on April 27, 2017, 03:18:45 PM I guess this question has not been asked here or somewhere on this forum as I have searched for this to no avail. I ask this because I expect to receive around 1,000 dogecoins (wish it were Bitcoin though) into my paper wallet this weekend. How much really can a Paper Wallet Hold? there is no limit, a paper wallet usually just shows your (wif compressed) private key and your address (which is basically a hash of your private key). you can create as much transactions whose outputs can be spent by the owner of the address, you can theoretically send all DOGE ever mined (minus the coinbase in the very first block) to your paper wallet without consequences (besides the doge market would probably collapse if you were the only one holding DOGE) Ok. Noted. Thanks a bunch for that insight. Title: Re: How Much can a Paper Wallet Hold? Post by: DannyHamilton on April 27, 2017, 03:22:48 PM I don't know much about DogeCoin, but with Bitcoin your paper wallet would be limited to a maximum of slightly less than 20999999.9769 BTC.
Title: Re: How Much can a Paper Wallet Hold? Post by: xhomerx10 on April 27, 2017, 03:24:53 PM I don't know much about DogeCoin, but with Bitcoin your paper wallet would be limited to a maximum of slightly less than 20999999.9769 BTC. even if you mined into it? Title: Re: How Much can a Paper Wallet Hold? Post by: DannyHamilton on April 27, 2017, 03:29:23 PM I don't know much about DogeCoin, but with Bitcoin your paper wallet would be limited to a maximum of slightly less than 20999999.9769 BTC. even if you mined into it? Yes. As a matter of technical ability, the Bitcoin paper wallet can not hold more bitcoin than that. As a matter of practical reality, it is extremely unlikely that you would ever be able to acquire even that much Bitcoin in a single paper wallet (due to destroyed bitcoins and permanently lost bitcoins). Title: Re: How Much can a Paper Wallet Hold? Post by: xhomerx10 on April 27, 2017, 03:48:30 PM I don't know much about DogeCoin, but with Bitcoin your paper wallet would be limited to a maximum of slightly less than 20999999.9769 BTC. even if you mined into it? Yes. As a matter of technical ability, the Bitcoin paper wallet can not hold more bitcoin than that. As a matter of practical reality, it is extremely unlikely that you would ever be able to acquire even that much Bitcoin in a single paper wallet (due to destroyed bitcoins and permanently lost bitcoins). |