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LegendaryActivity: 1470Merit: 1006 Re: I'm running an interesting brain wallet security test July 02, 2014, 09:29:08 PM #20 Quote from: nabeton on July 02, 2014, 09:10:59 PM how come you can reach bitcoins in that wallet without knowing its private key.

are you saying that anybody can just spent time creating new wallets with random passphrase and if he hits one already used it generates same address again?



Then why I need paper wallet with "root key", if knowing passphrase is enough.



I thought passphrase in armory is just to encrypt dat file, or you are talking about different passphrase.



sorry for stupid query, but I'm starting to worry about my BTC.



edit: fist google link and I don't worry anymore. armory is not brain wallet.









hey, now I am bit confusedhow come you can reach bitcoins in that wallet without knowing its private key.are you saying that anybody can just spent time creating new wallets with random passphrase and if he hits one already used it generates same address again?Then why I need paper wallet with "root key", if knowing passphrase is enough.I thought passphrase in armory is just to encrypt dat file, or you are talking about different passphrase.sorry for stupid query, but I'm starting to worry about my BTC.edit: fist google link and I don't worry anymore. armory is not brain wallet.

You can get the private key from the passphrase because the private key was generated from the passphrase



https://brainwallet.github.io/

https://en.bitcoin.it/wiki/Brainwallet



The passphrase must have a good entropy, if you use a paper wallet you don't need a passphrase but you can encrypt your wallet for additional safety You can get the private key from the passphrase because the private key was generated from the passphraseThe passphrase must have a good entropy, if you use a paper wallet you don't need a passphrase but you can encrypt your wallet for additional safety Trade Bitcoin and altcoins with up to x100 leverage with low fees

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