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Author Topic: Wallet security ...Would this work ????  (Read 616 times)
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August 10, 2011, 05:55:52 PM

My idea ... (let the bitcoin network take care of my wallet)

I don't know if that is working ...

1) install a new bitcoin client on a PC
2) get a wallet receiving address
3) close bitcoin client and save wallet.dat (on cd or usb).. in a bank safe
4) delete bitcoin client and wallet files from the pc

5) feed the receiving adress (thru mining or buy...)

-) that's the trick ... let all transaction stay  on the bitcoin network (don't use the saved wallet.dat)

7) when i want to use my bitcoins (for example in two year)... install a new bitcoin client somewhere, load the saved wallet.dat, and run the bitcoin client with the rescan flag to get my bitcoin in my wallet ...

what do you think Huh?
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August 10, 2011, 06:10:11 PM

Yeah that should work. However, in a few years time the wallet format may have changed.

You'd be much better off just backing up the private key for the address (on paper), then importing that into your current wallet several years in the future.
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August 10, 2011, 06:10:20 PM

Actually, you do not need to install any client. Simply generate private/public key pair and public that as your address. Use blockexplorer to check incoming balance.

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August 10, 2011, 06:11:14 PM

This is outlined in the newbie section.

Good idea, but someone already thought of it.

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