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Topic: Questions about paper wallet backup for My Wallet from www.blockchain.info (Read 951 times)

member
Activity: 110
Merit: 10
Was the paper wallet generated from a blockchain.info feature, or how did you generate it?

Just curious,
Thanks
Yes, I generated the 2 paper wallets as a backup wallet for the same wallet of My Wallet from www.blockchain.info
legendary
Activity: 1232
Merit: 1195


A paper wallet also stores public/private key pairs but they are printed on the paper.  Whats nice about paper wallets is that they do not exist on a computer anywhere.  So unless someone has physical access to the paper they cannot gain access to the BTC stored for that address.

Well, unless he stores a jpeg of them on his comp or the data is let in his printer memory or whatever  Cheesy.
mjc
hero member
Activity: 588
Merit: 500
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I made a paper wallet backup for My Wallet in www.blockchain.info It has my www.blockchain.info user name, Mnemonic, Public key and Private key.
A few weeks later, I made another (second) paper wallet backup for the same My Wallet. I was surprised to see that the Mnemonic for the second backup was different. My questions are:
Why is the mnemonic different?
What is the Mnemonic used for?
Why do I need any other information other than my Public and Private Key?
Thanks for any answers.


Keep in mind that your online wallet stores public/private key pairs. 

A paper wallet also stores public/private key pairs but they are printed on the paper.  Whats nice about paper wallets is that they do not exist on a computer anywhere.  So unless someone has physical access to the paper they cannot gain access to the BTC stored for that address.

I gather from your comments you might have thought the paper wallet key pair was specifically for your online wallet.  They are totally different things and store different key pairs
global moderator
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I made a paper wallet backup for My Wallet in www.blockchain.info It has my www.blockchain.info user name, Mnemonic, Public key and Private key.
A few weeks later, I made another (second) paper wallet backup for the same My Wallet. I was surprised to see that the Mnemonic for the second backup was different. My questions are:
Why is the mnemonic different?
What is the Mnemonic used for?


A Mnemonic is just a way of remembering something. http://en.wikipedia.org/wiki/Mnemonic



member
Activity: 110
Merit: 10
I made a paper wallet backup for My Wallet in www.blockchain.info It has my www.blockchain.info user name, Mnemonic, Public key and Private key.
A few weeks later, I made another (second) paper wallet backup for the same My Wallet. I was surprised to see that the Mnemonic for the second backup was different. My questions are:
Why is the mnemonic different?
What is the Mnemonic used for?
Why do I need any other information other than my Public and Private Key?
Thanks for any answers.
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