Bitcoin Forum
May 10, 2024, 03:42:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: BIP-38 Encrypted Paper Wallet  (Read 453 times)
HK87 (OP)
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
January 22, 2017, 06:01:22 PM
 #1

I'm planning too store my bitcoins on a encrypted paper wallet created on bitsddress but before I send any bitcoins to the wallet, I was thinking of testing the encryption.

I was thinking of downloading mycelium on my spare android device, taking it offline and then testing the  encrypted private key.  Once I have I checked the encrypted paper wallet, I would delete it and wipe the phone.  I'm new to all this bitcoin stuff and I wanted to check if there are any disadvantages before I move all my bitcoins.
1715312549
Hero Member
*
Offline Offline

Posts: 1715312549

View Profile Personal Message (Offline)

Ignore
1715312549
Reply with quote  #2

1715312549
Report to moderator
1715312549
Hero Member
*
Offline Offline

Posts: 1715312549

View Profile Personal Message (Offline)

Ignore
1715312549
Reply with quote  #2

1715312549
Report to moderator
1715312549
Hero Member
*
Offline Offline

Posts: 1715312549

View Profile Personal Message (Offline)

Ignore
1715312549
Reply with quote  #2

1715312549
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715312549
Hero Member
*
Offline Offline

Posts: 1715312549

View Profile Personal Message (Offline)

Ignore
1715312549
Reply with quote  #2

1715312549
Report to moderator
1715312549
Hero Member
*
Offline Offline

Posts: 1715312549

View Profile Personal Message (Offline)

Ignore
1715312549
Reply with quote  #2

1715312549
Report to moderator
Pente
Hero Member
*****
Offline Offline

Activity: 528
Merit: 527



View Profile WWW
January 22, 2017, 06:12:45 PM
 #2

I can understand testing out any new technology, but I would still use a new wallet/key combo for sending your main stash. Even though you will wipe your phone, your private key was still potentially exposed to the internet.
MadGamer
Legendary
*
Offline Offline

Activity: 1568
Merit: 1031


View Profile
January 22, 2017, 06:19:07 PM
 #3

Only disadvantages I could see on a paper wallet is not being able to spend your coins on a daily basis but I assume you already know that and you want to store for long term. I however wouldn't try the decryption though , at least not a phone, Bitaddress is tested by multiple users and Its open source so I don't see why It won't work . Your phone could already have a malware so testing and wiping everything couldn't change much in that case.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!