Question about how bitcoin wallets and backups work

deepceleron

legendary

Activity: 1512

Merit: 1028

I like doing this:

Quote from: deepceleron on February 02, 2013, 10:54:14 AM

So:

1. You had a bitcoin wallet.dat running on windows with password #1,
2. you copy the Bitcoin wallet to an Ubuntu machine,
3. on the Ubuntu machine you change the password to password #2,
4. you are surprised that when you boot back into Windows and the password is still #1?

Quote from: deepceleron on November 11, 2013, 06:39:44 PM

It is not a good idea to use the same wallet.dat on multiple computers, they will go out-of-sync after many transactions or as soon as you start adding labels. A good way to lose money, as eventually one wallet won't have addresses that are in the other.

Quote from: deepceleron on December 05, 2012, 02:54:51 AM

Quote from: deepceleron on November 24, 2012, 04:39:36 AM

Deepceleron's razor #17: If something is worth saying to a noob, deepceleron has probably already said it.

DannyHamilton

legendary

Activity: 3388

Merit: 4615

Quote from: cdog on November 19, 2013, 04:38:36 AM

Thanks D&T, so you can have two passwords for the same wallet. Interesting.

Except they aren't the "same" wallet. It's two completely separate wallets that just happen to share some of the same private keys.

cdog

hero member

Activity: 1036

Merit: 500

Thanks D&T, so you can have two passwords for the same wallet. Interesting.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

The copy on the 2nd computer is now encrypted with the NEW password.
The copy of the USB drive is still encrypted with the OLD password.

Each copy can only be unlocked by the singular, correct password for that copy. Changing one copy doesn't change any other copies.

cdog

hero member

Activity: 1036

Merit: 500

So I have a wallet installed on one machine, I encrypt it with a password, and then backup the wallet.dat to a USB stick

Now I take that USB stick to a new machine, install bitcoin-qt and drag the wallet.dat from the USB stick and replace the default wallet

NOW I change the password on this new machine. So now the same wallet has 2 passwords which can access it?

Topic: Question about how bitcoin wallets and backups work (Read 676 times)