Post
Topic
Board Bitcoin Discussion
Re: Blockchain growing exponentially?
by
cimine
on 03/12/2013, 13:49:49 UTC


Want to use bitcoin? OK:

Download vanitygen.exe

./vanitygen.exe 1CIMINE
output:
public key: 1CIMINE23HssO34H9FjsduFq3HapP32jLjfi3
private key 5J39H40h48hwh2H3gJ30wdfFkh23biedfhFksdhFaAb

Send Bitcoin to public key.

When you need to spend, import keys to blockchain.info and send them. Generate new keys. Send remaining BTC to new public key. Keep in cold storage. (or keep a small amount for spending at an online wallet, the rest in cold storage)

That sounds great but there must be some risks associated with this otherwise everybody would do this...Huh