Some changes need to be done.
In the bitcoin wiki about private keys (
https://en.bitcoin.it/wiki/Private_key), there is the following warning,
In contrast, bitcoind provides a facility to import a private key without creating a sweep transaction. This is considered very dangerous, and not intended to be used even by power users or experts except in very specific cases. Bitcoins can be easily stolen at any time, from a wallet which has imported an untrusted or otherwise insecure private key - this can include private keys generated offline and never seen by someone else.
Why is this dangerous? Can somebody clarify? How is this different from inporting keys in a bitcoin-QT wallet?
Why is this dangerous? Can somebody clarify?
Whomever wrote that paragraph wasn't thinking very much about what they were saying. It's ambiguous and confusing.
Relying on importing a private key to load funds into a wallet can be risky if the person that imports the private key isn't the person that generated it, or if the person that imports the key didn't generate it in a secure manner. This isn't unique to boitcoind. It's true of any wallet that allows you to directly import private keys.
How is this different from importing keys in a bitcoin-QT wallet?
It isn't.
Can anybody do it? Please make it to some meaningful sentence, somewhat like Danny Hamilton suggested. Thanks in advance!
~~MZ~~
