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Most people will probably be using it for the 2-sided public/private key combination, same as paper wallet for safe storage of MYR coins, but much more durable (can't accidentally put it in the washer and lose the coins). Paper wallets can be dangerous if you don't understand that you have to take out all of the coins (due to the lack of change address that the qt client does in the background).
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You can use the brainwallet "transactions" tab to send only part of the coins from a paperwallet (or any private key, woodwallet, etc. bip38 or not). Just follow the instructions on the page and add the paper wallet address as one of the "destination" addresses with the amount of change you wish to return to the address and a transaction will be built for you.
http://cryptap.us/myr/brainwalletinterested in the brainwallet. can you tell me more about it.. how is it secure if i type the password in a browser? how to access coins ya kno the basic rundown. any tips too would be greatly appreciated
Here is a good explanation about the benefits and risks of a brainwallet. It is for bitcoin, but myriad's brainwallet works the same way:
http://www.coindesk.com/how-to-create-a-brain-wallet/As far as creating transactions and using the brainwallet site in a browser is concerned, all information: keys, transactions, etc. is done via client-side javascript, so no information is passed on the web (hence there is no need for ssl). The one exception to this is that in order to create a transaction, information about the address needs to be fetched from a blockexplorer. Note that the key is not used to do this, just the public address which is, of course, public.
Once your "raw transaction" is generated, you can pass that on using the pushtx service (
http://cryptap.us/myr/pushtx). This does not need to be encrypted as the transaction is already signed and will become public once the transaction is accepted on the network.
Also to note, the brainwallet site cannot decrypt your bip38 private key, you will need to use the paper wallet site (
http://cryptap.us/myr/paperwallet.html) to decrypt the bip38 key and retrieve the unencrypted WIF private key for use on the brainwallet site (
http://cryptap.us/myr/brainwallet).
I would recommend playing with a small amount of MYR on the site until you feel comfortable using it. Remember that you can always just "importprivkey
" in the qt client to fetch your coins if you get stuck.
Hopefully that is clear as mud now. I'm sure there are others who can explain it better, feel free to keep asking questions here...