From: Mike Hearn <mike@plan99.net>
To: Chris Pacia <ctpacia@gmail.com>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] ECDH in the payment protocol
Date: Tue, 13 May 2014 12:29:43 +0200 [thread overview]
Message-ID: <CANEZrP2PMvxhBEAS+eoqJ+eWu-+9i9chj4ZogpJW34o7ghJEsw@mail.gmail.com> (raw)
In-Reply-To: <53714DCE.7020803@gmail.com>
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On Tue, May 13, 2014 at 12:40 AM, Chris Pacia <ctpacia@gmail.com> wrote:
> Just a thought. Using the payment protocol for stealth would mean we
> would likely have to return to backing up wallets all the time would it
> not?
>
I think you are right. Awkward.
Wallets could auto-respend transactions to a plain (private) HD derived key
to make them findable again. But that gets us back to using block space
inefficiently.
Over time I think wallet backups will get more valuable anyway, as they
will start containing more and more essential data that isn't in the block
chain: receipts, messages, exchange rate records for tax purposes etc. But
being able to get access to your money with just the 12 words (+a date for
SPV wallets) is a pretty desirable safety feature.
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next prev parent reply other threads:[~2014-05-13 10:29 UTC|newest]
Thread overview: 14+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-05-09 12:05 [Bitcoin-development] ECDH in the payment protocol Mike Hearn
2014-05-09 15:03 ` Peter Todd
2014-05-09 15:15 ` Mike Hearn
2014-05-09 15:27 ` Peter Todd
2014-05-09 15:34 ` Mike Hearn
2014-05-09 15:43 ` Peter Todd
2014-05-09 16:12 ` Mike Hearn
2014-05-09 15:50 ` Pieter Wuille
2014-05-09 18:13 ` Peter Todd
2014-05-09 18:38 ` Pieter Wuille
2014-05-12 13:07 ` Peter Todd
2014-05-12 22:40 ` Chris Pacia
2014-05-13 10:29 ` Mike Hearn [this message]
2014-05-13 9:19 ` Jeff Garzik
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