I have not tried your process quoted above. But, it is interesting. When you install peercoin-qt the entire blockchain is in your computer. Then you unplug the Internet. And then, “import private key by typing it in” . I don’t know where you are typing it in? Are you using peercoind? How do you do this on Ubuntu Linux? Please tell me step by step as if I were a 5 year old. OK? Thanks.
But, more interesting to me is that this will probably search the resident blockchain and import the funds into the wallet? All offline?
Ha. I have to try this![/quote]
What he means is simply to test the clients ability to import the private by using the wallet client. The offline client would import it, and show your address in the list of receiving addresses and how much money is already in there, but, being unable to communicate with the blockchain wouldn’t be able to send money (you’d just be reassured that you will be able to follow these steps again, except online, and claim your funds when the time comes, without compromising the private key being offline still).
To answer your question of “where you are typing it in,” I would like to refer you to this thing I wrote:
the section explaining how to do it from a command prompt, instead of from a console applies here.
Until 0.4.0 is officially released, you’ll have to open a terminal, and execute ppcoind with an importpriv key flag, and your private key typed in. That process is explained in my devtome entry above, just skip down to the section on importing.
As if you were five, ive never tried this personally but what he means is to do this:
Step 1: create your paper wallet offline (also explained in the devtome page)
Step 2: go back online, boot your computer, from an ubuntu live-cd-- which key you use to do this varies from computer to computer, ive seen it be esc, f12, f8, f3, delete, etc. It might say when you turn your computer on initially. You point the bios to boot from a cd.
Step 3: Install Peercoin-QT. I wrote a devtome page for this also:
basically, download the tar.gz package, from the website, and run the program.
step 4: go offline after the blockchain catches up. now you have the client running in a fresh instance of ubuntu that is offline.
step 5: follow the steps for importing your private key into the qt client from the command line, per my devtome page:
step 6: see that you were able to, because you let the blockchain catch up in step 4 you can see that any money you’ve already sent is sitting on the blockchain.
step 7: turn the computer off, and your paper wallet is still offline…
let me know if anything is unclear, I’m happy to explain this better to the best of my knowledge if necessary.