Litecoin wallet config file

I have a very hard lesson that I feel is important to WARN others about. I’ve have a wallet QT that will not send and I want to share a couple of points that I feel are important and are not disclosed, so I will here.

I “invested” in Litecoin and was careful to read instructions for a couple of months before jumping in as i wanted to do everything correctly. I set up the Wallet QT with the download and the wallet received coins fine, but since I had not planned on selling any, I had never had the need to “SEND”.

Before all of that, I encrypted the wallet and was very careful with the passphrase and I set it up and made multiple copies, wrote it all down, and had the passphrase written down in multiple places, so it’s not a matter of me losing it.

What I learned:

1. Never load wallet with any real amount of coins UNTIL you know that it sends properly, so you don’t run into the same problem as I did.

2. Always get the private key before encrypting the wallet, because once I was locked out, I could never get the private key, and having that I may have been able to import that wallet.dat file into another machine and QT, but could not because the private key was not able to be had.

3. **** (see below with update) ADD RECEIVE ADDRESSES AFTER ENCRYPTIONTHIS IS NOT THE PROBLEM AFTER TESTING, ELIMINATE #3. RECEIVE ADDRESSES CARRIED OVER AFTER ENCRYPTION WHEN TESTED IN QT. PROBLEM IS COMING DOWN TO #1. OR #2. OR A FLAW IN DESIGN OF WALLET QT AND LACK OF PROPER TESTING OF WALLET. 4-19-14

I had help from an engineer. He ran two different software programs. He tried to bruteforce attack the wallet, but was unable to.

Since I had the passphrase written down, I gave it to him (I had no other choice) in hopes that that would help him bruteforce it or use it to crack it with software like Crunch. We both thought that would resolve it as I had the passphrase written down.

Both methods did not work, despite having the passphrase, which brings me back to the Private Key.

Like I said, I researched this wallet QT for a couple of months and was very careful in studying up on the encryption part and was aware of the warnings, especially writing it down and making sure not to lose it. What I think it comes down to getting the Private Key before any encryption.

I want to give a FAIR WARNING to anybody and everybody about this. I do not want this to happen to anybody else, let alone have them lose money, or a significant amount, or any amount.

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