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    Author Topic: MtGox adds redeemer for private keys including Casascius Physical Bitcoins  (Read 8951 times)
    BkkCoins
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    October 07, 2011, 12:02:31 AM
    Last edit: October 07, 2011, 02:17:47 AM by BkkCoins
     #21

    This has me a little confused.  I originally generated the keypair using bitaddress.org.  It provided me with both a Bitcoin address and a private key.  Mt Gox doesn't have the public key from this keypair, so they cannot generate a corresponding address.  The address they gave me is not the correct one for the original keypair, of course.  ...
    Maybe I'm confused but I thought the address was a hash of the key, not a public key. I would expect once you redeem the key at MtGox that key becomes one of the ones attached to your account just like other keys they generate for you.

    So any funds sent to that address later would end up in the account. I'm not sure about this. The difference would be that you could potentially spend money from that address without having to withdraw it using the MtGox interface. Or, alternately perhaps they transfer funds into your account and leave the key empty so that such "outside withdrawls" cannot occur.

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