Re: [Bitcoin-development] [RFC] Proposal: Base58 encoded HD Wallet root key with optional encryption

[William Yager <will.yager@gmail.com>]

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On Wed, Mar 12, 2014 at 2:39 PM, Pavol Rusnak <stick@gk2.sk> wrote:

> On 03/12/2014 08:26 PM, Jean-Paul Kogelman wrote:
> > So upon entering a password with a typo, the user will not be notified
> of an
> > error, but be presented with a wallet balance of 0, after the blockchain
> has
> > been scanned. I'm sorry, but that's not the kind of experience I would
> want to
> > present to my users.
>
> Sure, you can have either plausible deniability or typo checking, not
> both at the same time.
>
>
The proposed BIP uses a bloom filter, so it has both plausible deniability *and
*typo checking. The bloom filter is optimized for two elements and will
catch something like 99.9975% of typos, despite allowing two different
passwords.

> Would you care to elaborate how optional outsourcing of the KDF breaks
> > compatibility?
>
> I'm afraid one would end up with code generated in one client that is
> unusable in a different client, because the client's developer thought
> that using fancier algorithm instead of the proposed ones was a good idea.
>
>
This is clearly in violation of the spec. You could argue this about
anything in Bitcoin. What if a developer decided to replace SHA256 with
SHA3 in their implementation of a Bitcoin client? Obviously this would
cause issues.

Will

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