Quote from: o_e_l_e_o on May 18, 2020, 09:14:20 AM

Quote from: slaman29 on May 18, 2020, 08:04:14 AM

Never generated my own wallets but I always thought this paper wallets are not recommended anymore?

They aren't recommended for newbies or casual users, because they are difficult to set up securely and difficult to use safely, and there are a lot more things that can go wrong than using a software or hardware wallet. If you know what you are doing, though, then they are one of the safest methods for long term bitcoin storage.

Quote from: slaman29 on May 18, 2020, 08:04:14 AM

How do you mean turn resulting number? Coinflip is Heads or Tails only right?

You would assign heads the value of "1" and tails the value of "0" (or vice versa). Flipping the coin 11 times will give you an 11 digit number in binary. Convert that to base 10 and you get a number between 0 and 2047, which will correspond to a word from the BIP39 wordlist which contains 2048 words.

Interesting. I did not remember reading that at Bitcoin wiki, my only takeaway was that paper wallets do not last long and can get easily damaged without right storage conditions.

Thanks very much for the tip on random conversion, and to bedla for explaining it more. I actually understood that, but only after referencing a few sites. IT is definitely not for newbies and not even for a regular user if you do not understand these technical terms!