Bitcoin Forum
June 09, 2024, 12:42:46 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Is it a good idea to store paper wallet digitally?  (Read 1886 times)
shorena
Copper Member
Legendary
*
Offline Offline

Activity: 1498
Merit: 1520


No I dont escrow anymore.


View Profile WWW
April 04, 2016, 08:23:45 PM
 #41

Bitaddress isn't truly random. It is based on the seed (your mouse movement), which isn't random.

Its a PRNG[1] and as such considered random enough for cryptographic purposes.

Human movement always follows some pattern or purpose. Mouse movement is no different. In fact, in some ways, nothing is random. "Randomness" is the misconception of not being able to define the answer because we do not have the means to.

Randomness is defined as the lack of pattern, we as humans are essentially pattern matching and recognition machines. Just think about all the people that see the face of Elvis in vegetables. If we are unable to see a pattern we call it random. This lack of pattern is what protects a randomly generated key. IF there would be a pattern between the first and the next key you generated it would be possible to derive one from the other. Since you cant its perfectly fine to call it random, unless you want to start a philosophical debate.

[1] https://en.wikipedia.org/wiki/Pseudorandom_number_generator

Im not really here, its just your imagination.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!