Automated cold wallet withdrawals safe if compiled into binarys?

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

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.

derrend

hero member

Activity: 707

Merit: 505

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 Sad

Many thanks as always

grue

legendary

Activity: 2058

Merit: 1452

Quote from: derrend on April 21, 2014, 08:36:22 PM

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.

Quote from: derrend on April 21, 2014, 08:36:22 PM

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?

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: derrend on April 21, 2014, 08:36:22 PM

extended from - https://bitcointalksearch.org/topic/prove-offline-transactions-to-customers-578776

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.

derrend

hero member

Activity: 707

Merit: 505

extended from - https://bitcointalksearch.org/topic/prove-offline-transactions-to-customers-578776

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

Topic: Automated cold wallet withdrawals safe if compiled into binarys? (Read 464 times)