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Title: Questions about paper wallet backup for My Wallet from www.blockchain.info Post by: nobanks4me on December 31, 2013, 07:02:53 PM I made a paper wallet backup for My Wallet in www.blockchain.info It has my www.blockchain.info user name, Mnemonic, Public key and Private key.
A few weeks later, I made another (second) paper wallet backup for the same My Wallet. I was surprised to see that the Mnemonic for the second backup was different. My questions are: Why is the mnemonic different? What is the Mnemonic used for? Why do I need any other information other than my Public and Private Key? Thanks for any answers. Title: Re: Questions about paper wallet backup for My Wallet from www.blockchain.info Post by: hilariousandco on December 31, 2013, 07:12:06 PM I made a paper wallet backup for My Wallet in www.blockchain.info It has my www.blockchain.info user name, Mnemonic, Public key and Private key. A few weeks later, I made another (second) paper wallet backup for the same My Wallet. I was surprised to see that the Mnemonic for the second backup was different. My questions are: Why is the mnemonic different? What is the Mnemonic used for? A Mnemonic is just a way of remembering something. http://en.wikipedia.org/wiki/Mnemonic Title: Re: Questions about paper wallet backup for My Wallet from www.blockchain.info Post by: mjc on December 31, 2013, 07:16:29 PM I made a paper wallet backup for My Wallet in www.blockchain.info It has my www.blockchain.info user name, Mnemonic, Public key and Private key. A few weeks later, I made another (second) paper wallet backup for the same My Wallet. I was surprised to see that the Mnemonic for the second backup was different. My questions are: Why is the mnemonic different? What is the Mnemonic used for? Why do I need any other information other than my Public and Private Key? Thanks for any answers. Keep in mind that your online wallet stores public/private key pairs. A paper wallet also stores public/private key pairs but they are printed on the paper. Whats nice about paper wallets is that they do not exist on a computer anywhere. So unless someone has physical access to the paper they cannot gain access to the BTC stored for that address. I gather from your comments you might have thought the paper wallet key pair was specifically for your online wallet. They are totally different things and store different key pairs Title: Re: Questions about paper wallet backup for My Wallet from www.blockchain.info Post by: guybrushthreepwood on December 31, 2013, 07:19:41 PM A paper wallet also stores public/private key pairs but they are printed on the paper. Whats nice about paper wallets is that they do not exist on a computer anywhere. So unless someone has physical access to the paper they cannot gain access to the BTC stored for that address. Well, unless he stores a jpeg of them on his comp or the data is let in his printer memory or whatever :D. Title: Re: Questions about paper wallet backup for My Wallet from www.blockchain.info Post by: nobanks4me on January 01, 2014, 07:52:53 AM Was the paper wallet generated from a blockchain.info feature, or how did you generate it? Yes, I generated the 2 paper wallets as a backup wallet for the same wallet of My Wallet from www.blockchain.infoJust curious, Thanks |