I finally manned up and decided to try the command line style wallet instead of waiting for the gui
i am having trouble syncing though. The blockchain i downloaded was from today, posted by a gentlemen a few posts back, it was like 143 mb. My machine is telling me it is a VLC media file? I tried renaming it blockchain.bin but the machine still is saying it is a vlc media file.
I tried putting it in the roaming folder and the folder where the simplewallet is at but neither of that seemed to work.
Also, would someone mind explaining to me what a "daemon" is or what it does? How is that different from the wallet? Do you have to have the daemon and the wallet both open in separate command line boxes in order to send coins?
Thanks for the help, can't wait till the gui wallet is avaliable...toring coins on the exchange for now because I am afraid of messing up and losing my coins
If you cant get the blockchain download to work, just start the daemon without it and wait several hours for it to sync. It will still work, the blockchain download is just a short cut.
The daemon is the core of the program. You run it in the background (another window) and then the wallet is another program you use, which connects to the daemon to function. In bitcoind, the wallet and daemon are in the same program but they are actually separate functions and somewhat separate pieces of code (being broken up more in latest versions). With this coin they are actually separate programs.
Thanks man I will just go ahead and let download!
Hope you don't mind I pick your brain a tad more,?
Ok so there are 2 separate functions, that makes sense. So is it like...the daemon stores/manages the blockchain info, and the wallet is just a way of viewing your position on the public ledger/send coins coins to another wallet?
I was trying to copy my address to send coins to the wallet but i couldn't highlight it so how can i read the wallet address in a way that will allow me to copy and paste it?
Is there a command to backup the wallet?
I understand with bitcoind, even if someone steals your wallet.dat they still need your encryption key to steal your coins. Is it the same with kyrptoknight? Is the password I made when I created the wallet essentially the same thing as the encryption key? Is there anything else I can do to help protect the coins?
Thanks for your help man I really like this coin a whole lot I see amazing potential here...cryptonote looks like the next big thing and i think bytecoin and quasar and honeypenny etc. don't really stand a chance against monero so I really am trying to overcome the steep barrier to entry!
Thanks!
1. You have it right in terms of the two functions.
2. I don't use Windows so I can't comment on the copy/paste, but I'm pretty sure there is some key combination or menu option to do it. You can also open the file wallet.address.txt, which has your address in it, using some program like notepad. Just be careful not to damage the file.
3. The password you use to create the wallet secures the wallet (private keys). I haven't personally reviewed the code for this, but hopefully the encryption is done in a sensible way.
4. There is no special command to back up the wallet. Just make sure the wallet application isn't running and then copy the three wallet files to your backup location.
Feel free to ask any more questions! There sure is a steep learning curve, but there are several great people in the community who are always happy to help.