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Author Topic: Is it possible to send to an Offline determinstic wallet without reuse?  (Read 594 times)
BigJohn
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November 22, 2013, 08:07:59 PM
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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?
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justusranvier
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November 22, 2013, 08:11:56 PM
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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
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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
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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.
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