Automated cold wallet withdrawals safe if compiled into binarys?

[derrend]

extended from - https://bitcointalk.org/index.php?topic=578776.0

Using the 'bitcoind' command line program is it possible to withdraw from a cold wallet as long as you have the private key such as:

Code:

./bitcoind sendfrom coldwallet customer 0.1 theprivatekey

What is the correct command/context to use and where do i supply the private key?

And...
If inside of my source code script I was to supply the private key such as:

Code:

coldwalletkey = thEC0ldk3Yetcetcetc

and then ran it through a compiler so it cannot be reverse engineered and read (or at least is very difficult), then would this be a good solution to prevent hackers that access the server from spending funds from the wallet yet still allow me to automate it?

Thanks in advance

[1714995514]

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[1714995514]

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[1714995514]

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[DannyHamilton]

extended from - https://bitcointalk.org/index.php?topic=578776.0

Using the 'bitcoind' command line program is it possible to withdraw from a cold wallet as long as you have the private key such as:

Code:

./bitcoind sendfrom coldwallet customer 0.1 theprivatekey

What is the correct command/context to use and where do i supply the private key?

And...
If inside of my source code script I was to supply the private key such as:

Code:

coldwalletkey = thEC0ldk3Yetcetcetc

and then ran it through a compiler so it cannot be reverse engineered and read (or at least is very difficult), then would this be a good solution to prevent hackers that access the server from spending funds from the wallet?

Thanks in advance

This is not a cold wallet.

This is a hot wallet.  You have your definitions mixed up.

A cold wallet is not connected to the internet.  It is not possible to "automate" the spending of funds from a cold wallet.

[grue]

Using the 'bitcoind' command line program is it possible to withdraw from a cold wallet as long as you have the private key such as:

Code:

./bitcoind sendfrom coldwallet customer 0.1 theprivatekey

What is the correct command/context to use and where do i supply the private key?

it's not so simple. if you want to create a transaction with a private key that's not in the wallet, you'll need to use the raw transactions api.

If inside of my source code script I was to supply the private key such as:

Code:

coldwalletkey = thEC0ldk3Yetcetcetc

and then ran it through a compiler so it cannot be reverse engineered and read (or at least is very difficult), then would this be a good solution to prevent hackers that access the server from spending funds from the wallet?

security through obscurity. what could possibly go wrong?

[derrend]

Thanks to the both of you

I don't understand why it isn't possible but I'll take your word for it and press on any way. Shame though

Many thanks as always

[cp1]

You could do all the automation you want on a cold wallet, but nothing will ever come of it because you're not connected to the internet.