My Bitcoin wallet ID

Before sending someone a large sum of money on the internet via a irreversible transaction you better make sure you are sending the funds to the right address.

There are a few ways to go about doing this and depending on who you are sending funds to, how accessible their keys are and what the capabilities and behavior of their wallet software is you may need to choose different solutions.

Have the recipient sign a message using their wallet key

If we assume the recipient has the key associated with the target wallet online (aka not in cold storage) and that that the software they use for that wallet supports message signing with wallet keys this can be a viable option.

Unfortunately there is not currently a standard for the format of signatures using bitcoin keys with that said thankfully there appear to only be two common formats in-use today.

The first format being in-essence no formatting; client simply present you the three values you will need to verify a message and you do with them as you see fit, for example:

  • Wallet Address: 18neTpQ5MWnXg4n4rpoK5TgxXjEVcg2MYR
  • Message: [email protected] – my voice is my passphrase authenticate me
  • Signature: G0d6BnQem1gT4nd9esfsEyn1k/GfYAxDkNJmkNvmz8wCOI2Ncw9DvIcyP7OJcEvWbUHQNIBFK3V8wYdnhEFhYHI=

This format leaves a little be desired. For one you have to pass these values independently and then you also have issues around introduction of white-space which can invalidate signatures.

There is another increasingly common format that leverages ASCII armor and some codified rules to address these issues. This style of formatting originated in a project called Privacy Enhanced Mail (PEM), it was one of the first proposals for how to sign and encrypt mail on the Internet and was later adopted by PGP (RFC

But don’t confuse this format with these other formats they follow some different rules when it comes to encoding.

What this means is that depending on the implementation of the wallet software the recipient uses you may not be able to validate the signature they produce without some manipulation of the text.

As for what this format looks like, its fairly straight forward:

-----BEGIN BITCOIN SIGNED MESSAGE----- [email protected] - my voice is my passphrase authenticate me -----BEGIN SIGNATURE----- 18neTpQ5MWnXg4n4rpoK5TgxXjEVcg2MYR G0d6BnQem1gT4nd9esfsEyn1k/GfYAxDkNJmkNvmz8wCOI2Ncw9DvIcyP7OJcEvWbUHQNIBFK3V8wYdnhEFhYHI= -----END BITCOIN SIGNED MESSAGE----- The core differences with this format (as specified in and the PGP rule-set are:

  • No “empty-line” delineator between the headers and message;
  • Beginning and end whitespace / newlines ignored excluded when verifying the signature;
  • Length of rows are not limited to 80 characters;
  • No concept of header values (like versions).

If you followed my advice, your BTC are safe.

2014-02-25 07:26:42 by -

An "off-line" or "paper" wallet. < - > 01/04 19:05:08
Do you have an old computer? If not, you could buy one for cheap.
Keep it disconnected from the Internet.
Generate a wallet. Send your Bitcoin(s) to that wallet.
Meanwhile, you'll want to make a backup or two of that wallet. They can be printed on paper (hence the term, "paper wallet"). If you do that, keep them in zip-lock bags (protected against water) and keep them locked up, same as if they were cash.
I encrypt my wallets with a very strong password and store the encrypted backups in various places

Euros are. worthless for Americans when in

2014-03-26 15:20:29 by South_Beach_Bunky

Europe? after all, one has to pay cap gains taxes when spending them
LOL!
Also... < - > 03/26 14:31:31
"If I have to figure out which particular Bitcoin in my wallet I want to spend and what the tax treatment will be, Bitcoin just doesn't work as a commercial medium of exchange."

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