Timechain
Search Donate
Sponsors
Cake Wallet, private Bitcoin and Monero walletSideShift.ai, no-signup crypto exchangeOrangeRock, non-custodial bitcoin spot and perps tradingBraiins Hashpower, buy and sell Bitcoin hashrateLayer Two Labs, drivechains for Bitcoin

Re: Bitcoin

To: mmalmi@cc.hut.fi Martti Malmi
Oh crap, I got your sourceforge usernames mixed up, sorry about that.  I
clicked on the wrong e-mail when I was looking for your username.  You
now have access.

Your FAQ looks good so far!

You can create whatever you want on bitcoin.sourceforge.net.  Something
to get new users up to speed on what Bitcoin is and how to use it and
why, and clean and professional looking would help make it look well
established.  The site at bitcoin.org was designed in a more
professorial style when I was presenting the design paper on the
Cryptography list, but we're moving on from that phase.

You should probably change the part about "distribute them under several
keys".  When the paper says that it means for the software to do it, and
it does.  For privacy reasons, the software already uses a different key
for every transaction, so every piece of money in your wallet is already
on a different key.  The exception is when using a bitcoin address,
everything sent to the same bitcoin address is on the same key, which is
a privacy risk if you're trying to be anonymous.  The EC-DSA key size is
very strong (sized for the future), we don't practically have to worry
about a key getting broken, but if we did there's the advantage that
someone expending the massive computing resources would only break one
single transaction's worth of money, not someone's whole account.  The
details about how to backup your wallet files is in the Q&A dump and
also it's explained in readme.txt and definitely belongs in the FAQ.

Oh I see, you're trying to address byronm's concern on freedomainradio.
I see what you mean about the password feature being useful to address
that argument.  Banks let anyone who has your name and account number
drain your account, and you're not going to get it back from Nigeria.
If someone installs a keylogger on your computer, they could just as
easily get your bank password and transfer money out of your account.
Once we password encrypt the wallet, we'll be able to make a clearer
case that we're much more secure than banks.  We use strong encryption,
while banks still let anyone who has your account info draw money from
your account.

mmalmi@cc.hut.fi wrote:

All writings · Satoshi era timeline

0:000:00