Silk Road forums

Discussion => Security => Topic started by: The Doctor on November 23, 2012, 01:25 pm

Title: Paper Bitcoin Wallet?
Post by: The Doctor on November 23, 2012, 01:25 pm
I was checking out https://www.bitaddress.org and there "paper wallet" looks like you can make some nice looking  "paper bitcoins". I am just a little unsure of how it works. Has anyone used this before? Do you just send BTC to the load address? will it populate the amount once they are transferred? Or do you have to write that in. Are there any other paper wallet services that make a cool looking BTC paper wallet?
Title: Re: Paper Bitcoin Wallet?
Post by: comatose on November 23, 2012, 03:37 pm
I've used bitaddress.org may times.

When you print the graphical wallet, you can write the amount on the paper afterward, it is not put there for you. So there is no guarantee the bitcoin are actually there if someone presents you with one, you'd have to verify the wallet's contents against the block chain.
Title: Re: Paper Bitcoin Wallet?
Post by: woahmang on November 24, 2012, 12:37 am
I've used a paper wallet as a savings account. Print it off, put it in an envelope and put the public address on the front, then stash it someplace safe. Bookmark the wallet address on blockexplorer / blockchain to keep an eye on the balance. To spend it you just open the envelope and type the private key into the desktop client or some service that accepts bitcoin private keys.

Yes I raided mine and yes I spent it all on drugs.