Re: Do I really need a Bitcoin wallet?

Quote from: Jan on July 18, 2013, 07:54:29 AM

1) Generate a key-pair
2) Put the private key and bitcoin address on paper (keep paper, delete the rest)
3) Mine to the address

Finally monitor your balance: http://blockchain.info/address/

Then you don't need a wallet until you want to spend.

There are several ways to do 1 & 2 in a secure way, here is one:
http://www.youtube.com/watch?v=milxhe-RoCI

Check out this demo on how to spend from your paper cold storage:
http://www.youtube.com/watch?v=1pDSzOiFgIk

For optimal security you should use a dedicated device for this purpose. I got a second hand old android 2.2 device, nuked it to factory defaults, installed cyanogenmod with no SIM card, and only installed the Mycelium Bitcoin Wallet on it.

Disclaimer: I am a Mycelium Bitcoin Wallet developer.