From: Moral Agent <ethan.scruples@gmail.com>
To: Jonas Schnelli <dev@jonasschnelli.ch>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Hardware Wallet Standard
Date: Mon, 22 Aug 2016 12:50:13 -0400 [thread overview]
Message-ID: <CACiOHGycQKr3zETzhOfxzOFb2FgqOou_3bod66NuPWbf=4hhEQ@mail.gmail.com> (raw)
In-Reply-To: <57B31EBC.1030806@jonasschnelli.ch>
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It would be nice if the detached signer and the normal wallet could both
verify the correctness of generated addresses before you cause coins to be
sent there.
e.g. the hardware wallet could give its master public key to Bitcoin Core
and you can thereafter generate your receiving addresses on Core, with the
option to have the HW wallet validate them.
One of my biggest fears about using any wallet is the "whoops, cosmic ray
flipped a bit while producing receiving address; SFYL!" possibility. For
high value cold storage, I always generate my addresses on two independent
machines using two different pieces of software. Am I nuts for doing that?
With the above scheme, you are pretty well protected from losing money if
your HW wallet is defective. You could still lose it if the HW wallet was
evil of course, but that strikes me as much more likely to be discovered
quickly.
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next prev parent reply other threads:[~2016-08-22 16:50 UTC|newest]
Thread overview: 26+ messages / expand[flat|nested] mbox.gz Atom feed top
2016-08-16 14:10 [bitcoin-dev] Hardware Wallet Standard Jonas Schnelli
2016-08-16 14:48 ` Pavol Rusnak
2016-08-16 15:13 ` Jonas Schnelli
2016-08-16 15:21 ` Pavol Rusnak
2016-08-16 17:48 ` Jochen Hoenicke
2016-08-17 0:25 ` Thomas Kerin
2016-08-17 7:24 ` Jonas Schnelli
2016-08-17 7:40 ` Nicolas Bacca
2016-08-17 10:13 ` Dana L. Coe
2016-08-17 11:34 ` Jonas Schnelli
2016-08-17 17:06 ` Marek Palatinus
2016-08-18 6:54 ` Jonas Schnelli
2016-08-18 9:15 ` Marek Palatinus
2016-08-18 9:35 ` Jonas Schnelli
2016-08-18 9:43 ` Marek Palatinus
2016-08-18 9:49 ` Jonas Schnelli
2016-08-18 10:23 ` Nicolas Bacca
2016-08-24 10:31 ` Thomas Kerin
2016-08-16 19:22 ` Luke Dashjr
2016-08-17 0:03 ` Thomas Daede
2016-08-16 23:36 ` Aiqin Li
2016-08-17 0:14 ` Peter Todd
2016-08-17 7:27 ` Nicolas Bacca
2016-08-17 18:36 ` Bryan Bishop
2016-08-22 16:50 ` Moral Agent [this message]
2016-08-28 23:14 ` Corey Haddad
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