\[solved\] How do I burn FTC onto a CD/DVD? \* easily or use a USB stick
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Hi,
I was wondering how to move coins into cold storage onto a cd/dvd.
Please explain so that a toddler can understand. ;D -
[quote name=“midwaycy6” post=“35399” timestamp=“1385055342”]
do you have a USB stick? today is the better way to do it. Anyway if you want burn onto a CD or DVD use a burner program that allows to you make more than 1 burn, one of them is NERO BURNER. Probably there are more burners, even free.Anyway you wallet will exchange every time you make a transaction, so i recommend you buy a USB stick if you haven’t have one.
[/quote]As far as I know, thats not true, you only need to backup your wallet once. [u][b]But If you add a new Address, you have to backup it again, otherwise 1 backup should be fine.[/b][/u] You dont have to backup it after each transaction.
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[quote name=“midwaycy6” post=“35404” timestamp=“1385055677”]
[quote author=ChekaZ link=topic=4580.msg35403#msg35403 date=1385055518]
[quote author=midwaycy6 link=topic=4580.msg35399#msg35399 date=1385055342]
do you have a USB stick? today is the better way to do it. Anyway if you want burn onto a CD or DVD use a burner program that allows to you make more than 1 burn, one of them is NERO BURNER. Probably there are more burners, even free.Anyway you wallet will exchange every time you make a transaction, so i recommend you buy a USB stick if you haven’t have one.
[/quote]As far as I know, thats not true, you only need to backup your wallet once. [u][b]But If you add a new Adress, you have to backup it again, otherwise 1 backup should be fine.[/b][/u] You dont have to backup it after each transaction.
[/quote]That’s nice i thought that you need backup it every time you make a transaction. Well then, it is easy then just do you need burn it one time.
[/quote]Chances are you do.
Any transaction will generate change. That change will go to an address which is pulled from a pool of randomly generated addresses in the wallet. Once you exhaust that pool, you’ll get your change back to an address that you don’t have backed up.
HD wallets FTW. Of course, Feathercoin doesn’t yet have a client that I’m aware of that supports HD keys. But Bitcoin does.
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[quote name=“d2” post=“35413” timestamp=“1385057006”]
This is not true. Infact, you actually don’t have to backup the wallet.dat at all if you don’t want to as long as you have the private key (but I advise you to have a couple copies of it anyway).
The most important thing in the wallet.dat is your private key. This is the only thing that is required to have your coins. A single backup is sufficient because it contains your private key. I do recommend backing it up to several discs / pen drives to be safe.
Any addresses that validate to your private key will automatically be added to your wallet when the transactions are checked by your client. This happens automatically while downloading the block chain; when you use “importprivkey” to import another private key; and if you start the client (daemon) with the “rescan” flag. The only pitfall is that if you created the address with a specific label, the name will not be in your wallet when the address is added.
[/quote]Okay, if the public key is the address, then what is the private key?
And also, how do you get the private key independently of the wallet.dat file?
Where do I look for it? ??? -
[quote name=“d2” post=“35413” timestamp=“1385057006”]
[quote author=midwaycy6 link=topic=4580.msg35399#msg35399 date=1385055342]
[u][b]But If you add a new Address, you have to backup it again, otherwise 1 backup should be fine.[/b][/u]
[/quote]This is not true. Infact, you actually don’t have to backup the wallet.dat at all if you don’t want to as long as you have the private key (but I advise you to have a couple copies of it anyway).
[/quote]Wait, how is that not true exactly? When you add a new address, you’re adding the private key to the wallet. If you don’t have that private key (which you won’t, because you used the “New Address” feature), and you lose the wallet, you’ll lose any coins sent to that address.
The caveat to this is when the client pulls the private key from the pool, of which the client also pulls from for change addresses. So if you back up your wallet, and you make 100 new addresses, or you make 100 transactions on existing addresses, or any combination thereof, you’ll need to back up your wallet again.
That’s why HD keys are the best bet: You back up your HD seed once, and you can always regenerate the addresses.
