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From: Matt Whitlock <bip@mattwhitlock.name>
To: Jeff Garzik <jgarzik@bitpay.com>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Presenting a BIP for Shamir's Secret Sharing of Bitcoin private keys
Date: Sat, 29 Mar 2014 10:55:54 -0400	[thread overview]
Message-ID: <4113697.13qtlTpVUA@crushinator> (raw)
In-Reply-To: <CAJHLa0NMNiX34r2AEUU9e2wRnYQ00tCpLVnQfGwN1YwdT5LHLA@mail.gmail.com>

On Saturday, 29 March 2014, at 10:19 am, Jeff Garzik wrote:
> On Sat, Mar 29, 2014 at 10:10 AM, Matt Whitlock <bip@mattwhitlock.name> wrote:
> > Multisig does not allow for the topology I described. Say the board has seven directors, meaning the majority threshold is four. This means the organization needs the consent of six individuals in order to sign a transaction: the president, the CFO, and any four of the board members. A 6-of-9 multisig would not accomplish the same policy, as then any six board members could successfully sign a transaction without the consent of the president or CFO. Of course the multi-signature scheme could be expanded to allow for hierarchical threshold topologies, or Shamir's Secret Sharing can be used to distribute keys at the second level (and further, if desired).
> 
> Disagree with "does not allow"  Review bitcoin's script language.
> 
> Bitcoin script can handle the use case you describe.  Add conditionals
> to the bitcoin script, OP_IF etc.  You can do 'multisig AND multisig'
> type boolean logic entirely in script, and be far more flexible than a
> single CHECKMULTISIG affords.

Depends on your definition of "can." Bitcoin's scripting language is awesome, but it's mostly useless due to the requirement that scripts match one of a select few "standard" templates in order to be allowed to propagate across the network and be mined into blocks. I really hate IsStandard and wish it would die.



  reply	other threads:[~2014-03-29 14:56 UTC|newest]

Thread overview: 90+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2014-03-29  8:05 [Bitcoin-development] Presenting a BIP for Shamir's Secret Sharing of Bitcoin private keys Matt Whitlock
2014-03-29  8:34 ` Tamas Blummer
2014-03-29  8:44 ` Tamas Blummer
2014-03-29  8:51   ` Matt Whitlock
2014-03-29  8:54     ` Matt Whitlock
2014-03-29 16:54   ` Matt Whitlock
2014-03-29 17:37     ` Tamas Blummer
2014-03-29  9:08 ` Chris Beams
2014-03-29  9:31   ` Matt Whitlock
2014-03-29 11:16   ` Matt Whitlock
2014-03-29 11:54     ` Chris Beams
2014-03-29 13:27       ` Jeff Garzik
2014-03-29 13:36         ` Mike Hearn
2014-03-29 13:38           ` Tamas Blummer
2014-03-29 14:10           ` Matt Whitlock
2014-03-29 14:19             ` Jeff Garzik
2014-03-29 14:55               ` Matt Whitlock [this message]
2014-03-29 15:04                 ` Mike Hearn
2014-03-29 14:28             ` Watson Ladd
2014-03-29 14:36               ` Gregory Maxwell
2014-03-29 15:01                 ` Matt Whitlock
2014-03-29  9:21 ` Chris Beams
     [not found] <CACsn0ckScTWG4YxNCscxvtdsmcUkxtR2Gi-rdBs2HCkirPz5rA@mail.gmail.com>
2014-03-29 15:44 ` Matt Whitlock
2014-03-29 16:59   ` Alan Reiner
2014-03-29 17:19     ` Matt Whitlock
2014-03-29 17:52       ` Alan Reiner
2014-03-29 18:00         ` Matt Whitlock
2014-03-29 18:08           ` Alan Reiner
2014-03-29 18:10             ` Matt Whitlock
     [not found]               ` <CAAt2M18j7bGDsKouVw+e4j+FMiJ4vK6-sx+nrkwHyiKLqiH7Jg@mail.gmail.com>
2014-03-29 19:34                 ` Natanael
2014-04-04  2:38               ` Jeff Garzik
2014-03-29 18:16         ` Tamas Blummer
2014-03-29 18:41           ` Alan Reiner
2014-03-29 17:28     ` Roy Badami
2014-03-29 17:42       ` Matt Whitlock
2014-03-29 17:51         ` Roy Badami
2014-03-29 17:28   ` devrandom
     [not found]   ` <1396113933.8809.91.camel@mimiz>
2014-03-29 17:38     ` Matt Whitlock
2014-03-29 17:46       ` Gregory Maxwell
2014-03-29 19:49         ` Tamas Blummer
2014-03-29 17:48       ` devrandom
2014-03-29 17:51         ` Matt Whitlock
2014-03-29 17:56           ` devrandom
2014-04-03 12:41 Nikita Schmidt
2014-04-03 21:42 ` Matt Whitlock
2014-04-04 13:51   ` Nikita Schmidt
2014-04-04 14:14     ` Gregory Maxwell
2014-04-04 16:05       ` Matt Whitlock
2014-04-04 16:25         ` Gregory Maxwell
2014-04-04 16:36           ` Matt Whitlock
2014-04-04 17:08             ` Gregory Maxwell
2014-04-04 17:16               ` Matt Whitlock
2014-04-04 17:51                 ` Gregory Maxwell
2014-04-04 18:53                   ` Matt Whitlock
2014-04-04 16:03     ` Matt Whitlock
2014-04-08  0:33       ` Nikita Schmidt
2014-04-08  0:38         ` Gregory Maxwell
2014-04-08  1:46           ` Matt Whitlock
2014-04-08  2:07             ` Gregory Maxwell
2014-04-08 11:52               ` Matt Whitlock
2014-04-10 22:31                 ` Nikita Schmidt
2014-04-22  8:06                   ` Jan Møller
2014-04-22  8:11                     ` Matt Whitlock
2014-04-22  8:27                       ` Jan Møller
2014-04-22  8:29                         ` Matt Whitlock
2014-04-22  8:39                           ` Jan Møller
2014-04-22  8:43                             ` Matt Whitlock
2014-04-22  8:51                               ` Jan Møller
2014-04-22  9:13                             ` Matt Whitlock
2014-04-22 11:50                               ` Justin A
2014-04-22  8:35                       ` Matt Whitlock
2014-04-22  8:39                         ` Tamas Blummer
2014-04-22  8:40                           ` Matt Whitlock
2014-04-22  8:43                             ` Tamas Blummer
2014-04-22  8:47                               ` Matt Whitlock
2014-04-22  8:50                                 ` Tamas Blummer
2014-04-22 15:32                           ` Mark Friedenbach
2014-04-22 15:49                             ` Tamas Blummer
2014-04-22 17:03                               ` Mark Friedenbach
2014-04-22 17:07                               ` Jan Møller
2014-04-22 18:29                                 ` Tamas Blummer
2014-04-22 18:46                                   ` Gregory Maxwell
2014-04-23  5:33                                     ` Tamas Blummer
2014-04-23  6:16                                       ` Gregory Maxwell
2014-05-05 19:36                                         ` Nikita Schmidt
2014-05-12 12:09                                           ` Jan Møller
2014-08-14 19:23                                             ` Nikita Schmidt
2014-04-22 13:37                       ` Nikita Schmidt
2014-04-22  8:15                     ` Gregory Maxwell
2014-04-22  8:49                       ` Jan Møller

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