New potential “cryptonite” here, glad to be here.
In spite of a really lousy first run where www.liteaddress.org would not successfully decrypt my BIP38 private key on my first ever (paper)wallet made on the same site, I’m not all out of hope yet, but I do have a couple of questions before risking another loss.
When I tried to decrypt the private key via liteaddress.org in my first attempt at this crypto-thing, I got “string not recognized”. Is this a known problem? If yes, will I be absolutely in the clear if I just don’t encrypt the private key of a paperwallet and instead just guard it really well and create it with a live CD while detached from the net? I know the decryption password for the wallet was correct, so that ain’t it.
When I now create a new paperwallet and a few moments later check the brand new and still empty wallet’s public address via http://explorer.litecoin.net/ it tells me:
“Address not seen on the network”
Does this mean that this (non-encrypted) paperwallet public key is corrupt, that it’s non-existing or that it exists, but is just not yet loaded? If the latter, it would be a lot more reassuring if it would at least confirm the existence of the wallet in spite of it not having been loaded yet.
I hope for some reassuring answers as my confidence in the maturity of this technology is somewhat shaken right now.
Thx for reading.