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Author Topic: Automatically sweep arriving funds from one or more private keys?  (Read 1533 times)
SgtSpike (OP)
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November 20, 2012, 10:48:22 PM
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Assume I have a private key or collection of private keys, and I am afraid they have been compromised by a third party.  I am also expecting payments at an unknown time in the future to arrive to one or more of the private keys.

Is there any trustworthy software or website that automatically forwards any bitcoins received at one or more addresses to a new address, as soon as possible?  Perhaps even by increasing the fee a bit beyond the normal 0.0005 BTC to have a better chance at pushing through a transaction before someone else did?
Jan
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November 20, 2012, 10:52:22 PM
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I think mtgox does this for you when you sweep an address. Check it out.

Mycelium let's you hold your private keys private.
SgtSpike (OP)
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November 20, 2012, 10:59:34 PM
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I think mtgox does this for you when you sweep an address. Check it out.
So they'll do it for you if coins are received in the future, as well as coins sitting at the address at the time you submit it to them?
Indemnified
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November 20, 2012, 11:02:23 PM
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Assume I have a private key or collection of private keys, and I am afraid they have been compromised by a third party.  I am also expecting payments at an unknown time in the future to arrive to one or more of the private keys.

Is there any trustworthy software or website that automatically forwards any bitcoins received at one or more addresses to a new address, as soon as possible?  Perhaps even by increasing the fee a bit beyond the normal 0.0005 BTC to have a better chance at pushing through a transaction before someone else did?

It must be possible.  I had redeemed some old bitbills by sweeping the private key to my blockchain.info wallet. I then much later tried to temporarily store some coin from my bitcoinspinner app on my android by sending to that private key while I rebooted my phone. Unfortunately, the coin was instantly swept out of that private key at my blockchain.info wallet to some unknown address, and I lost my coin! Another bitter lesson.
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Mike Caldwell
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November 20, 2012, 11:05:41 PM
 #5

I think mtgox does this for you when you sweep an address. Check it out.
So they'll do it for you if coins are received in the future, as well as coins sitting at the address at the time you submit it to them?

Yes, it seems to behave this way.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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Mike Caldwell
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November 20, 2012, 11:06:17 PM
 #6

Assume I have a private key or collection of private keys, and I am afraid they have been compromised by a third party.  I am also expecting payments at an unknown time in the future to arrive to one or more of the private keys.

Is there any trustworthy software or website that automatically forwards any bitcoins received at one or more addresses to a new address, as soon as possible?  Perhaps even by increasing the fee a bit beyond the normal 0.0005 BTC to have a better chance at pushing through a transaction before someone else did?

It must be possible.  I had redeemed some old bitbills by sweeping the private key to my blockchain.info wallet. I then much later tried to temporarily store some coin from my bitcoinspinner app on my android by sending to that private key while I rebooted my phone. Unfortunately, the coin was instantly swept out of that private key at my blockchain.info wallet to some unknown address, and I lost my coin! Another bitter lesson.

Your MtGox account probably got a small boost by the same amount.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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