Bitcoin Forum
June 22, 2018, 07:39:02 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Is it possible to send to an Offline determinstic wallet without reuse?  (Read 586 times)
BigJohn
Member
**
Offline Offline

Activity: 116
Merit: 10


View Profile
November 22, 2013, 08:07:59 PM
 #1

I want to have an offline deterministic wallet that's a sort of savings wallet. I'll follow it as read-only on an online computer. But the thing is that I don't want to reuse addresses on the offline one. Is it possible to send BTC from my online wallet to a brand new address on the offline wallet?

Or better yet, is it possible to figure out the offline wallet's next address through the online one, and give that to someone else to send BTC to?
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529696342
Hero Member
*
Offline Offline

Posts: 1529696342

View Profile Personal Message (Offline)

Ignore
1529696342
Reply with quote  #2

1529696342
Report to moderator
justusranvier
Legendary
*
Offline Offline

Activity: 1400
Merit: 1006



View Profile WWW
November 22, 2013, 08:11:56 PM
 #2

I want to have an offline deterministic wallet that's a sort of savings wallet. I'll follow it as read-only on an online computer. But the thing is that I don't want to reuse addresses on the offline one. Is it possible to send BTC from my online wallet to a brand new address on the offline wallet?

Or better yet, is it possible to figure out the offline wallet's next address through the online one, and give that to someone else to send BTC to?
Yes to both.

That's why deterministic wallets exist.
etotheipi
Legendary
*
Offline Offline

Activity: 1428
Merit: 1001


Core Armory Developer


View Profile WWW
November 22, 2013, 08:50:58 PM
 #3

I want to have an offline deterministic wallet that's a sort of savings wallet. I'll follow it as read-only on an online computer. But the thing is that I don't want to reuse addresses on the offline one. Is it possible to send BTC from my online wallet to a brand new address on the offline wallet?

Or better yet, is it possible to figure out the offline wallet's next address through the online one, and give that to someone else to send BTC to?
Yes to both.

That's why deterministic wallets exist.

To clarify:  that's exactly how Armory already works! 

Everytime you hit "Receive Bitcoins", Armory generates a new address from the watching-only wallet that hasn't been used before.  As long as you keep using "Receive Bitcoins" every time you need to receive money, you always get a new address, and guaranteed that the offline computer has the private key for it.

Founder and CEO of Armory Technologies, Inc.
Armory Bitcoin Wallet: Bringing cold storage to the average user!
Only use Armory software signed by the Armory Offline Signing Key (0x98832223)

Please donate to the Armory project by clicking here!    (or donate directly via 1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX -- yes, it's a real address!)
BigJohn
Member
**
Offline Offline

Activity: 116
Merit: 10


View Profile
November 22, 2013, 10:33:08 PM
 #4

I want to have an offline deterministic wallet that's a sort of savings wallet. I'll follow it as read-only on an online computer. But the thing is that I don't want to reuse addresses on the offline one. Is it possible to send BTC from my online wallet to a brand new address on the offline wallet?

Or better yet, is it possible to figure out the offline wallet's next address through the online one, and give that to someone else to send BTC to?
Yes to both.

That's why deterministic wallets exist.

To clarify:  that's exactly how Armory already works! 

Everytime you hit "Receive Bitcoins", Armory generates a new address from the watching-only wallet that hasn't been used before.  As long as you keep using "Receive Bitcoins" every time you need to receive money, you always get a new address, and guaranteed that the offline computer has the private key for it.

Awesome. This is exactly what I wanted to know. Thanks for the information.
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!