but why you need password on your local machine wallet?
Because if you leave your computer unattended or if someone remote access your comp, it makes it harder for them to get your bitcoins.
Topic: Why bitcoin doesn't need a password? (Read 556 times)
Because if you leave your computer unattended or if someone remote access your comp, it makes it harder for them to get your bitcoins.
Malware will likely include a keylogger, but password serves well for unprotected backups.
but why you need password on your local machine wallet?
Because malware.
but why you need password on your local machine wallet?
It feel weird not have a password on the computer programs...
But now I have figured out how the bitcoin works, it's a fantastic tool.
https://en.bitcoin.it/wiki/Wallet_encryption
so they'd have to break the wallet before they can steal from it...
Quote
When the wallet is locked, calls to sendtoaddress, sendfrom, sendmany, and keypoolrefill will return Error -13: "Error: Please enter the wallet passphrase with walletpassphrase first."
so they'd have to break the wallet before they can steal from it...
but why you need password on your local machine wallet?
valid question hei...
New user, cut him some slack
New user, cut him some slack
look better
Settings -> encrypt wallet.
I just installed the bitcoin wallet, but there is no place to set the password... Is that normal?
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