I like it, the idea is what I've wanted But few things.
First, I would need this checked by other's before I or anyone is likely to use it. Not saying we don't trust you, just the human race as a whole
Second, If you could implement bitcoinpaperwallet.com as an offline file and printer support. Printing a pretty paper wallet from a live CD boot would be great. Add in armory so people can print the M of N etc. would be even better.
I'm unsure how this all works honestly, I would think a generated wallet need's to be online, what would stop this offline wallet from generating the same wallets etc? I guess that's where I'm a bit confused. Do I need to be online at ANY point after this is running? or completely self contained.
Thanks for the work!
i also like the idea of an livedistro with deactivated network support for BTC or in general for all cryptcoin purposes.
if you don't trust thrid partie apps/imgs (like every healt mind should..)you could also put an virtual machine on your running OS and remove network-ability. then just put a bitcoind or just vanitygen on your system and voila!
also a generated wallet never needs to be online (except for syncing/transactions from wallet, etc...). Your publickey wouldn't be generated a second time. that would be mathematically (practicaly) not possible because of the huge amount of possibilities. every generated addr. is unique.
kind regards
bitsta