Here it is!
https://en.bitcoin.it/wiki/Securing_your_wallet
A pretty paranoid piece, so perhaps incorrect, however if you look down to the section that says Securing the Bitcoin-QT or bitcoind wallet, you'll see what I read. Perhaps I'm understanding it wrongly. Or perhaps it's wrong? Please, smart guys and gals out there, check it out and confirm or clarify for us
Thanks
So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins.
https://en.bitcoin.it/wiki/Securing_your_wallet
A pretty paranoid piece, so perhaps incorrect, however if you look down to the section that says Securing the Bitcoin-QT or bitcoind wallet, you'll see what I read. Perhaps I'm understanding it wrongly. Or perhaps it's wrong? Please, smart guys and gals out there, check it out and confirm or clarify for us
Thanks
So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins.
I hate to keep bringing this up, but could eduffield, CHAOSiTEC , InternetApe or someone tell me if this is true or not? Thanks so much!
