M3t (OP)
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April 02, 2013, 06:41:20 AM |
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I just got bitcoin-qt client today, and all that show up are public keys that people can send money to me.
What are private keys I hear so much about such as blockchain.info etc?
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Stephen Gornick
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April 02, 2013, 06:49:17 AM |
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I just got bitcoin-qt client today, and all that show up are public keys that people can send money to me. The Bitcoin-Qt client takes care of everything so that a user doesn't need to know what a private key even is. The keys are stored in the wallet.dat. If you do want to see them, you can export them: - http://computriks.com/en/bitcoin-export-private-keyOr if you just want to see what one looks like: - http://www.BitAddress.org
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oakpacific
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April 02, 2013, 06:51:09 AM |
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And a reminder: no one but yourself should see your private keys.
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TiagoTiago
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April 02, 2013, 06:58:59 AM |
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The private keys are what is used to sign a transaction from one of your addresses. Basicly it is proof that the owner of that address said the money from that address should go somewhere else. And public keys are used to check if the signature really is from who it says it is.
As their name suggest, private keys are meant to be private (no one but the owner should have access to them in any form), and public keys are meant to be presented to the public. Though as already mentioned above the client automates the whole process so that the average user doesn't need to deal with the inner mechanics of the system.
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(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!
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M3t (OP)
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April 02, 2013, 07:00:59 AM |
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Okay, can you give me an example of a transaction, break it down slowly >.<
I'm slow.
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TiagoTiago
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April 02, 2013, 07:03:38 AM |
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Okay, can you give me an example of a transaction, break it down slowly >.<
I'm slow.
In this context "transaction" is just a fancy way of saying "a record of money changing hands".
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(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!
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virtualmaster
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April 02, 2013, 07:20:31 AM |
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The private key is a kind of brain wallet if you can remember it.
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wonderbash
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April 02, 2013, 07:21:44 AM |
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A transaction is group of data that is broadcast to the network and recorded into blocks. It stores the information of some bitcoins flowing from one address to another new public key (address).
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