Securing wallet on paper
2 messages, 22 Jan 2015. Started by U.Mutlu.
U.Mutlu, Pavol Rusnak
I don't know yet the details of how a wallet looks like internally, but I think it should be possible to print the wallet incl. acct nbr out on classical paper (as base16 or base64 etc.) for filing it in a physical home or bank safe.
Later, typing it from paper to a small converter program that recreates the wallet file.
IMO this is a good security against possible computer hardware disasters.
Of course one has to secure this further with encryption against bank fraud/theft etc. Ie. the output on paper should be encrypted, and the owner should place the key somewhere else.
I would suggest the developers make such functionality available for the user.
cu Uenal
On 22/01/15 10:36, U.Mutlu wrote:
Quoted text (2 lines)
> Later, typing it from paper to a small converter program that recreates the > wallet file.
Bitcoin Core still does not support Hierarchical Deterministic aka BIP32 Wallets. Without them it is possible to backup just one private key per backup, which is rather useless and in fact dangerous.
Quoted text (1 line)
> I would suggest the developers make such functionality available for the user.
I would suggest looking at different software wallets that do support such functionality such as Electrum or Multibit.