annette786, were you able to make your choice?
Do any of the options appeal to your needs (paper qr code, paper password, etc), or are you still looking for a better method?
Here's a link to what Monkey1 spoke about, just in case: http://bitcoinarmory.com/index.php/using-offline-wallets-in-armory
Topic: Simplest way to stash bitcoin? - page 2. (Read 3601 times)
How to store your paper wallet properly:
http://www.libraryworks.com/LW_Best%20Practices/BP_Archival_Storage_of_Paper_0409.aspx
http://www.libraryworks.com/LW_Best%20Practices/BP_Archival_Storage_of_Paper_0409.aspx
Ok guys, sorry, i just answered my own question, they are running in a Java applet on our own computer, but still, i consider this a valid question which should be asked, even if we trust the site owners
How can we possibly know that these websites don't store the addresses they have been generating throughout the time ?
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How can we possibly know that these websites don't store the addresses they have been generating throughout the time ?
It is not a Java applet. It is javascript. They are not even the same programming language, they just happen to have similar sounding names.
You can save a copy of bitaddress.org's page and view the javascript source code in it's entirety, all while disconnected from the net.
If you want to buy your BTC and forget about them, use Armory to set up an offline wallet (back it up of course). You can also make paper back ups to make sure you wont lose your BTC.
Alternatively, if you want to invest your BTC and not just bury them, consider Pyraming. They invest your BTC in mining hardware and pay a bonus (minimum 10%) on your investment.
Links in my sig explain all!
Alternatively, if you want to invest your BTC and not just bury them, consider Pyraming. They invest your BTC in mining hardware and pay a bonus (minimum 10%) on your investment.
Links in my sig explain all!
Ok guys, sorry, i just answered my own question, they are running in a Java applet on our own computer, but still, i consider this a valid question which should be asked, even if we trust the site owners
How can we possibly know that these websites don't store the addresses they have been generating throughout the time ?
Quote
How can we possibly know that these websites don't store the addresses they have been generating throughout the time ?
Quote
How can we possibly know that these websites don't store the addresses they have been generating throughout the time ?
bitaddress works completely in javascript, so can be used on an offline computer with a livecd for example.
Don't know if brainwallet works the same way.
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How can we possibly know that these websites don't store the addresses they have been generating throughout the time ?
Maybe it's just me but wouldn't it be better to just buy the physical bitcoins and stash those?
It's the same thing as hiding a slip of paper. The Casascius Bitcoin just contains the Private Key to the wallet. It's the same thing as a paper wallet.Not quite. It's the same thing as a paper wallet which someone potentially on the other side of the globe created for you, when you can create one yourself with an offline computer.
Maybe it's just me but wouldn't it be better to just buy the physical bitcoins and stash those?
It's the same thing as hiding a slip of paper. The Casascius Bitcoin just contains the Private Key to the wallet. It's the same thing as a paper wallet. Maybe it's just me but wouldn't it be better to just buy the physical bitcoins and stash those?
Only if you trust the creator of those coins. Someone just wrote a post about that recently.
Maybe it's just me but wouldn't it be better to just buy the physical bitcoins and stash those?
why must it be so difficult xD
Stay away from a CD or thumb drive long term storage.
They will not last.
You could tattoo it on yourself so you don't lose it.
They will not last.
You could tattoo it on yourself so you don't lose it.
Great idea for some future holywood movie.
My imagination says cute girl with money tatoo somewhere..
Or if you're girl imagine guy, or whatever...
My imagination says telescopic camera snaps shot of private parts from several blocks away.
And by private parts I mean her bitcoin key.
Like Stephen and Casascius already said, paper wallets are the way to go. If you are worried about losing that paper, make some copies. Put a copy in a safety deposit box. Carve the address and key on a plank of wood, etc.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
That is the thinking way I like. Nothing have to be add, but she/he asked about easy tech realization step by step for total newbie.
> Click on Paper Wallet
> Generate Address
> Copy down one of the addresses and it's private key
> Send Bitcoins to one of those addresses
> Use blockchain.info to view the balance, so you never need to load the wallet onto your computer.
> Whenever you want to withdraw, use the import wallet function at MtGox.com by providing the private key you copied earlier
(Note: In 20 years, MtGox might not be around. But you would be able to use many of websites and clients. MtGox is just an easy and simple way if you wanted to withdraw right now)
Test it out a couple of times with 0.0001 BTC to get the hang of it. That way you don't accidentally lose all of your coins while trying to follow my instructions.
Best of luck!
Stay away from a CD or thumb drive long term storage.
They will not last.
You could tattoo it on yourself so you don't lose it.
They will not last.
You could tattoo it on yourself so you don't lose it.
Great idea for some future holywood movie.
My imagination says cute girl with money tatoo somewhere..
Or if you're girl imagine guy, or whatever...
Like Stephen and Casascius already said, paper wallets are the way to go. If you are worried about losing that paper, make some copies. Put a copy in a safety deposit box. Carve the address and key on a plank of wood, etc.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
That is the thinking way I like. Nothing have to be add, but she/he asked about easy tech realization step by step for total newbie.
Stay away from a CD or thumb drive long term storage.
They will not last.
You could tattoo it on yourself so you don't lose it.
They will not last.
You could tattoo it on yourself so you don't lose it.
Like Stephen and Casascius already said, paper wallets are the way to go. If you are worried about losing that paper, make some copies. Put a copy in a safety deposit box. Carve the address and key on a plank of wood, etc.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
Paper wallets don't sound that great long term either. I stored some papers in a safe we have in our house (receipts for some silver coins I had purchased awhile back). At some point I went to the receipts and found that two of them had started developing mold - apparently a tiny bit of moisture got into the ziploc bag that was storing the pile of receipts. I saved them, but if I had left the papers for a few months / year or so longer they could have gotten eaten away.
Nothing is foolproof - I'm starting to think multiple backups is the way to go. Paper backup, physical backup (e.g., USB drive, disc, etc.), and online backup in combination maybe is the best way.
Nothing is foolproof - I'm starting to think multiple backups is the way to go. Paper backup, physical backup (e.g., USB drive, disc, etc.), and online backup in combination maybe is the best way.
Sorry... I know this has been answered, but I'm tired of searching all this technical stuff. I simply want to buy $200 worth of bitcoin and sock it away on a disc for a few years. I don't want it to be on my hard drive in case I get hacked or my comp crashes.
I am very non technical, what is the easiest way to do this? Thank you, Ann.
I am very non technical, what is the easiest way to do this? Thank you, Ann.
Very wise of you doing that.
I think it is common idea to do that for newbies that believe in bitcoin but do not want to wast time for it now.
There is some need for some good tutorial on it or as much as it is possible automated way.
One of my ideas if you asking the simplest way - if someone more keen on bitcoin get you into it (and you trust that person), ask him/her to do it for you with just letting you type passphrase.
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