Bitcoin Forum

Other => Beginners & Help => Topic started by: Coincrazy on April 08, 2013, 03:11:03 AM



Title: Seeking help for wallet creation : Not completely green, but not a pro !!
Post by: Coincrazy on April 08, 2013, 03:11:03 AM
Good day folks

Like most people landing here, I need help in understand this thing

My profile below

I have has used public , private keys in e-mail and I understand the following i.e.
= When I get into this business I have a key pair
= Recipient (in the mail world) has a key pair
= I encrypt to the recipient's *public* key
= So everyone publishes his own public key
= keyservers hold public keys
= web of trust / some form of authentication is used to connect a real face to a public key
= I can sign plain text with my public key , but signing only provides authenticity IF my public key is authentic and used by me ...but noting more

What sort of user am I : I use a computer that is connected to the internet ...well how on earth would I other wise find you nice guys / girls

I do NOT understand
= how to generate the next biggest prime #
= how exactly the encryption process works (i.e.) what is Hash, which hash is strongest etc

I do NOT understand
= anything about linux
= how to create a bootable linux
= which linux is good / bad etc

I can remember passphrases and don't expect to get brain dead tomorrow

with the above profile, what is reasonably possible in terms of
(a) creating one ore more wallets
(b) using one / some of these wallets to make real life transactions
(c) NOT getting totally robbed

I do NOT intend to sell the family silver and invest every dime in Bitcoins.

I think more could be lost on Bitcoins with just the fluctuations and inability to control the adrenaline and play the market ..... than anything lost by poor crypto


Thanks in advance for your help ...critiques....and pointers


CC