Bitcoin Forum

Bitcoin => Armory => Topic started by: ar9 on October 29, 2014, 03:08:22 AM



Title: What's the difference between Offline & Watching-Only?
Post by: ar9 on October 29, 2014, 03:08:22 AM
I want a secure wallet that is strictly offline, untouchable.

Can someone tell me what the difference between these two are?


Title: Re: What's the difference between Offline & Watching-Only?
Post by: etotheipi on October 29, 2014, 03:26:59 AM
I want a secure wallet that is strictly offline, untouchable.

Can someone tell me what the difference between these two are?

In a general sense, they are referring to something very similar:  part of a cold-storage scheme. 

WIthin Armory, "watch-only" means you're simply watching a wallet, probably not owned by you.
"Offline" means you're watching a wallet that is owned by you, but the keys are on an offline computer, and you're simply watching it from this online computer.

When you import a watching-only wallet, it is by default not marked as your own (and thus labeled "Watch-Only").  You have to explicitly tell Armory it is your wallet in the wallet properties under "Belongs to:".  Then it will switch to "Offline" and its balance will be added to your global balance.  But changing that value doesn't really change anything:  it's still a wallet that only has public keys, and you can't use it to spend money, only see transaction history and receive payments.



Title: Re: What's the difference between Offline & Watching-Only?
Post by: ar9 on October 29, 2014, 03:44:37 AM
Thanks for the clarity.