Bitcoin Forum
November 23, 2017, 01:20:54 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Can some one explain how a BIT coin wallet works ? and ....  (Read 327 times)
Coincrazy
Newbie
*
Offline Offline

Activity: 28


View Profile
April 09, 2013, 08:22:22 AM
 #1

Hi


I'm quite junior here. But NOT a complete novice to PGP. I've used PGP / GPG as a hobby , so know something about it.

I've read newbie help files, but they are quite basic; Edit : Example I've read this https://bitcointalk.org/index.php?topic=15918.0

OTOH, the technical ones are too high up in crypto

more about what I know and don't know can be found here
https://bitcointalk.org/index.php?topic=170096.msg1768341#msg1768341

With some knowledge of PGP etc I'd like to understand wallets from some where in betwen a complete novice and a complete pro

Could some one please help me understand a wallet , how does it work, and what sort of safety / protection does it need ?

1. can some one steal BTC by stealing / copying only my wallet file ?
or
2. does some one need my wallet file + pass phrase + private key to steal money ?

3. do I need to use the private key to view the balance in my wallet (NO is my understanding ..pls correct)

4. which is the easiest  / recommended wallet to use for a windows NON tech / ordinary / normal user

5. which is the easiest / recommended client for a windows NON tech / ordinary / normal user


............and....and.... [pl feel free to add]



thanks in advance

_______ Have a nice day folks =:) _______
===I'm wondering why I was slaving away 9 to 5 , NOT knowing Bitcoins earlier ; Regards, CC===
1511443254
Hero Member
*
Offline Offline

Posts: 1511443254

View Profile Personal Message (Offline)

Ignore
1511443254
Reply with quote  #2

1511443254
Report to moderator
1511443254
Hero Member
*
Offline Offline

Posts: 1511443254

View Profile Personal Message (Offline)

Ignore
1511443254
Reply with quote  #2

1511443254
Report to moderator
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511443254
Hero Member
*
Offline Offline

Posts: 1511443254

View Profile Personal Message (Offline)

Ignore
1511443254
Reply with quote  #2

1511443254
Report to moderator
1511443254
Hero Member
*
Offline Offline

Posts: 1511443254

View Profile Personal Message (Offline)

Ignore
1511443254
Reply with quote  #2

1511443254
Report to moderator
1511443254
Hero Member
*
Offline Offline

Posts: 1511443254

View Profile Personal Message (Offline)

Ignore
1511443254
Reply with quote  #2

1511443254
Report to moderator
b!z
Legendary
*
Offline Offline

Activity: 1568



View Profile
April 09, 2013, 09:23:02 AM
 #2

If you're a complete noob, here is a secure solution for you: http://blockchain.info/wallet

Think of it as having a 'username' and 'password'. With the 'username' (wallet address), people can send money to you. However, you need the password (private key) to be able to send coins out.

If you have the address, you can't figure out the private key except through brute force, but with the private key you can easily solve to get the address.
Coincrazy
Newbie
*
Offline Offline

Activity: 28


View Profile
April 09, 2013, 10:27:35 AM
 #3

If you're a complete noob, here is a secure solution for you: http://blockchain.info/wallet

Think of it as having a 'username' and 'password'. With the 'username' (wallet address), people can send money to you. However, you need the password (private key) to be able to send coins out.

If you have the address, you can't figure out the private key except through brute force, but with the private key you can easily solve to get the address.

Thanks for the quick reply

Could you please give me more technical reply .... I'm giving you an idea of what I know and what I don't

what do I know / don't know is given below, within "===="

=======================
I have has used public , private keys in e-mail and I understand the following i.e.
= When I get into this business I have a key pair
= Recipient (in the mail world) has a key pair
= I encrypt to the recipient's *public* key
= So everyone publishes his own public key
= keyservers hold public keys
= web of trust / some form of authentication is used to connect a real face to a public key
= I can sign plain text with my public key , but signing only provides authenticity IF my public key is authentic and used by me ...but noting more

What sort of user am I : I use a computer that is connected to the internet ...well how on earth would I other wise find you nice guys / girls

I do NOT understand
= how to generate the next biggest prime #
= how exactly the encryption process works (i.e.) what is Hash, which hash is strongest etc

I do NOT understand
= anything about linux
= how to create a bootable linux
= which linux is good / bad etc

I can remember passphrases
======================================

with this level of knowledge what / where can I read to understand a wallet ..., the block chain, what is a transaction and so on








_______ Have a nice day folks =:) _______
===I'm wondering why I was slaving away 9 to 5 , NOT knowing Bitcoins earlier ; Regards, CC===
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!