Title: Creating a coin vault question... Post by: oOoOo on June 22, 2011, 10:30:32 PM Hi, I'm new.
I read the wikis but I couldn't find this covered or I found all that talk about "wallets" without clearly identifying which is which, a bit confusing. (or maybe I'm just dense.. :/ ) Anyway here is my question: Say I have accumulated 100 BTC and now I want to move those to a secure storage "VAULT", far away and difficult to reach. Now let's assume I manage to get another 100 BTC (lucky me) and now I want to add those to my "VAULT"... ->
? Somebody plz explain! ??? Greets, oOo . Title: Re: Creating a coin vault question... Post by: riX on June 22, 2011, 10:33:05 PM You can just send more bitcoins to the vault address, you don't need the key for that.
Title: Re: Creating a coin vault question... Post by: oOoOo on June 22, 2011, 10:37:47 PM Oh that was quick :D But don't you need some kind of confirmation in order to complete the transaction? In that case the other side must be online at some point right? Won't I get those coins back if nobody claims them? How long is the waiting time? etcetc...
. questions questions . Any help appreciated of course! . Title: Re: Creating a coin vault question... Post by: RodeoX on June 22, 2011, 10:42:26 PM In that case you are basically storing the bitcoins in the blockchain. If you put your vault wallet online it will download theblockchain and your coin will appear in your wallet. Theoretically, you could "store" your BTC for years without ever seeing them.
Title: Re: Creating a coin vault question... Post by: oOoOo on June 22, 2011, 10:56:01 PM Does that mean I store the coins in the "system" rather than on my hd?
Can I get them back even after not being online for 30 years or so (Assuming I'm still alive by then..)? . Title: Re: Creating a coin vault question... Post by: riX on June 23, 2011, 11:29:37 AM Does that mean I store the coins in the "system" rather than on my hd? Can I get them back even after not being online for 30 years or so (Assuming I'm still alive by then..)? . That's right, they are stored in the blockchain. Bitcoins does not actually exist anywhere, the blockchain is just a bunch of transactions, starting with a generation transaction with just a receiver and no sender. Your wallet file only contain the private keys needed to sign a transaction from the corresponding bitcoin address. I suggest reading the Bitcoin white paper by Satoshi Nakamoto, the wiki and, if you'll understand it, the source code. Links at bitcoin.org. |