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Author Topic: Offline wallet - Armory Compatibility  (Read 513 times)
33pwnz (OP)
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November 16, 2013, 06:58:20 PM
Last edit: November 16, 2013, 08:45:17 PM by 33pwnz
 #1

Hello,

I'm thinking about creating an offline wallet with Armory and store it in a computer never connected to the internet.
Then I'm thinking about encrypting it with a password and printing a backup from the wallet and then deleting it from the computer.

My questions are:

1. If someone gets hold of the paper with the printed backup will they still need the password or will they be able to access my funds right away?

2. Imagining Armory ceases to exist, and I can't use it anymore, will I be able to regain access to the wallet? Maybe rebuild it with a different wallet software?

Thank you and sorry if the questions are way too newbie

Edit:
1. Already discovered that the data on paper is completely unencrypted.

2. I still have doubts regarding the 2nd question:

a. Can the other existing wallet software rebuild a wallet from the data printed on the paper, besides Armory?

b. And is the wallet data file (.wallet) created by Armory completely compatible with the other wallet software? (this one is new)
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33pwnz (OP)
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November 16, 2013, 08:02:22 PM
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I can't see how that answers my questions
33pwnz (OP)
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November 16, 2013, 08:09:18 PM
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Will somebody who is not trolling please answer my questions?
theecoinomist
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November 16, 2013, 08:13:54 PM
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1. If someone gets hold of the paper with the printed backup will they still need the password or will they be able to access my funds right away?

It depends what is printed on that paper you talk about. If the private key is there, then the first to realize it's a private key gains access the funds, obviously.
Unless you are 100% sure nobody will access that document, you should either encrypt or 'cloak' it (make it look like a support code or something).

Quote
2. Imagining Armory ceases to exist, and I can't use it anymore, will I be able to regain access to the wallet? Maybe rebuild it with a different wallet software?

I'm not that familiar with the Armory Wallet, but I would suggest you to store private keys to significant funds physically.


Martijnvdc
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November 16, 2013, 08:19:55 PM
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Will somebody who is not trolling please answer my questions?
Ermm... he wasn't trolling. It was a legit answer. What don't you understand about his answer?
33pwnz (OP)
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November 16, 2013, 08:30:31 PM
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Will somebody who is not trolling please answer my questions?
Ermm... he wasn't trolling. It was a legit answer. What don't you understand about his answer?

It wasn't an answer. Maybe a comment, something he thinks or defends, but not an answer.

Check what are my questions. Then tell me in what measure does he comment answers them in any way.

I've already got an answer to my first question, I researched some more. The answer is: "Yes, the data printed on the paper is not encrypted in any way". See? That's an answer.

I still have doubts about the second one though:

- Can the other existing wallet software rebuild a wallet from the data printed on the paper, besides Armory?

- And is the wallet data file (.wallet) created by Armory completely compatible with the other wallet software? (this one is new)
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November 16, 2013, 08:31:31 PM
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Some people think that every risk can be overcome by a suitable computer program. This should not surprise. My wife thinks that every problem can be solved by throwing money at it.

Armed Citizens and the Law -- NRA-certified firearms instructor
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