Quote from: Barek on December 02, 2013, 08:27:32 PM

Quote from: 100x on November 22, 2013, 02:24:22 AM

The methodology below avoids having to download the whole blockchain to a dedicated offline computer (which is required with Armory).

That's wrong. The offline Armory does not use the blockchain or bitcoin-qt. Very low system requirements.

Your steps look good, but probably are too complicated for the majority of users. Also it forces you to reuse one address.

If you plan to do frequent transactions and have enough space for block chain and Armory database, you should check out Armory.

Oh I didnt realize. I'll update the main post. I mainly chose this method because it doesnt involve additional software or hardware, simply a USB with linux on it.

In regards to the number of addresses, you just generate as many as needed. I personally don't spend any of my cold storage coins very often, so generating 5-10 addresses lasts me quite a while. For those who are wondering why this matters: when spending from your savings, it is good practice to send any change/leftover amount you aren't spending to a fresh offline address (this gives increased security and privacy).

Quote from: XBBlade on December 02, 2013, 08:37:57 PM

I think this is a useful post anyways.

Thanks I'll save it. When it's optimised with feedback from the crowd I would like to 'copy' it and mention you a author of this article on my blog. Would you approve this? Thanks in advance, and again, nice useful post. Thanks! Cool

Glad you found it useful! And sure go for it

@Samaney - I will answer your questions in full when I have a little more time. It is good you are taking the time to do your research!