Hi Neverest,
You need your private keys to be able to spend your bitcoin. These are contained in both the '.wallet' file and the private key export. I suggest you do both as that is like wearing a belt AND braces. It takes a few seconds to do and could save you thousands of dollars.
Currently the private key export can be encrypted but you are correct the wallets in the live code are not. There is test code with encrypted wallet support that hopefully is only a couple of weeks away from being released. It is being tested at the moment.
Hi Jim
in case you are a developer in multibit, my thanks for providing a free client and also follow up service here. Edit : I've downloaded & installed version 0.4.23 (looks like the last stable release)
I'm quite new to bit coin, but I do know something about PGP
I have used PGP for sending / receiving both signed as well as encrypted mail
could you please help me with one "user" question and one "slightly more technical" question
user question
-------------------
which is the latest release to download ? I am ready to test your beta versions. I have NO bit coins as of date ..so I see no major risk
I do NOT know how to buy bitcoins and I am NOT set up with any broker ... since even using the word paypal is considered a scam here I do NOT know hot to buy bitcoins ! :-( I'm just another honest noobie NOT knowing how to buy bitcoins If it is ok to test with such a noobie, please propose
slightly more technical question
-----------------------------------
- I understand my private key, I understand I need to keep it safe, I understand that I should keep it backed up, loosing it is disaster etc
- However I do NOT understand what is the wallet account or file on my machine and what does the private key do .. ? what is the function here
any tips / pointers are most welcomw
regards