From d07a4738359e1825e3629871b96c049275ab18c0 Mon Sep 17 00:00:00 2001 From: Adam Soltys Date: Thu, 11 Sep 2014 07:20:20 -0700 Subject: Streamline key generation --- views/users/edit.html | 42 +++++++++++------------------------------- 1 file changed, 11 insertions(+), 31 deletions(-) (limited to 'views/users/edit.html') diff --git a/views/users/edit.html b/views/users/edit.html index 9307e52c..66251923 100644 --- a/views/users/edit.html +++ b/views/users/edit.html @@ -63,19 +63,11 @@
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In Bitcoin parlance, an extended key, also known as a BIP32 or HD Wallet key, is a master key that can be used to derive multiple bitcoin addresses.

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The public portion of the key will be stored and used by CoinOS to generate a separate receiving address for every payment to your account. This will preserve your and your customers' privacy by preventing people from seeing or tracking transactions to your account other than their own.

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The private portion of the key will be generated here but will not be stored after you close this window. You will be responsible for saving it and making copies of it. If you lose it, any funds sent to your account will be unspendable.

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We'll ask you to encrypt the key with a password of your choosing. It's a good idea to choose a strong password and keep it written down and backed up seoarately from the key itself. You and any would-be attackers will need access to both the encrypted private key and the password that was used to encrypt it in order to spend funds received.

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This is an extended key, or HD Wallet.

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The public portion of the key is stored and used by CoinOS to generate a separate receiving address for every payment to your account.  This prevents people from seeing transactions to your account other than their own.

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The private portion of the key currently displayed in the 'Key' tab will not be accessible after you close this window.  You are responsible for saving it and making copies of it.

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Encrypting the key with a strong password prevents people from using the key if they get ahold of one of your copies.   Keep the password written down and backed up separately from the key itself.  We cannot reset your password -- if you lose it or forget it, your funds will be lost forever.

 
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-               I've emailed, written down, printed out, screenshotted or otherwise saved and backed up to multiple places the extended private key from the previous page.
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-               I'm confident that no one but me will ever gain access to any of the copies of it by breaking into my computer or email account or through physical theft or extortion and that I will always have access to at least one copy of the key even in case of hardware failure, natural disaster or memory lapse.
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-               I understand that there's no way for CoinOS to recover or reset the password I used to encrypt the private key so I've written it down somewhere safe, separate from the key itself.
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