Paper Wallet usage

I have been doing bitcoin research to see all my options and I came across Paper Wallets.

I was wondering if anyone uses these. They seem to be a good way to complicate the blockchain on some coins instead of something complex/expensive/untrusted like a tumbler. Paper is really easy to destroy and hard to trace back to you once destroyed.

Edit: Spelling


Comments


[3 Points] evilpumpkin:

So you're generating a bunch of addresses, print paper wallets for them and send your coins from address to address while keeping identities detached by using different IP addresses to broadcast transactions and splitting and rejoining output paths?

Doing this far enough to adequately replace a tumbler takes a lot of work. But more importantly:

What do you need the paper for?!


[2 Points] 100020009000:

Paper is really easy to destroy and hard to trace back to you once destroyed

Well yes you can destroy the paper, but all transactions to and from that address are permanently stored in the blockchain. Also remember that when creating a paper wallet you have to spend everything from that wallet everytime you use it. Paper wallets do not have change addresses, so, if you had $100 stored in a paper wallet and only spend $50 from it...you will lose the remaining $50. Paper wallets are made for long term storage, not day to day spending. I could explain more but I cant because of the benzo haze I am currently in...


[1 Points] None:

Don't lose that fucker.

I don't know about your living situation, but i'd probably keep mine in my night stand.


[1 Points] kNOwagora:

My first and only paper wallet is in some unsuspecting stoner's pipe case. Hid it under the foam in said case. My ex accidently sold it, thinking I was just hoarding my favorite stuff in our store... That 3k investment is worth right around 86k right now, all you south bay area stoners, start your search..