Re: This forum has big problem with high rank spineless human beings

Quote from: CryptoSparks on September 19, 2019, 06:14:33 AM

An api key can be anything, if you generate a "private api key" of an online wallet service that can act as private key as long it's enabled. A bitcoin private key is nothing else than a way to authenticate you as the owner of that wallet. An api key with full privileges (aka private api key) authenticates you as the owner of the account controlling the funds. Now why should be wrong to say that an api key can act a private key? it seems that you don't get the fact tha api keys are modular tools and can be shaped at will.

Oh dear. You seem to think that Bitcoin is some website where you stick your private key in and get authenticated as the "as the owner of that wallet".

Can you use the API key to control your funds without using the website that issued the key? Does the API key allow you to receive/spend funds offline (cold wallet)? Can you use the API key to sign a transaction and put it on a public ledger where anyone can verify it?

Just a few basic features of a Bitcoin private key off the top of my head. I'm sure you can find more on Wikipedia.