I continued reading the documentary and discovered sethdseed. As I understand it, I can use it to set the seed from which the xpriv key is generated. Do I understand that correctly? I don't know if I want to do that, but would be a nice option.
Yes, but you'll have to encode the "
seed" into WIF before it can be accepted by the command.
Is there a command for this?
But I'd like to confirm that you're actually talking about the "seed" and not the "seed phrase" (words).
Yes, I learned from your posts, among other things, that the Core Client does not support these BIP 39 word lists. I actually mean a binary seed.
If so, then you're correct, you can only use that in legacy wallets though.
Okay, then that's out of the question for me. I decided against legacy after your comments
In descriptor wallets, importing descriptors built from the master private key derived from a seed is basically the same
So I can't see any advantage of using a legacy wallet to use that command.
Master key is the xpriv key I have in the descriptor list? And I can create this myself with a binary seed that I choose myself? What tools can I use to generate an xpriv key from a seed?
Maybe I'll let the Bitcoin Core Client take care of everything. With my level of knowledge, this is perhaps more secure.
But what does the Core Client actually do? Doesn't it also have to create a seed internally? So something like: Binary random seed (or is it the master key?) -> xpriv key -> everything else derived from it?
