Author: Brian Erdelyi 2015-02-02 21:42:34
Published on: 2015-02-02T21:42:34+00:00
The email thread discusses the process of verifying and authorizing a bitcoin transaction on mobile devices. The first signature is initiated on device #1, and then sent to device #2 for verification. On device #2, the details of the transaction are displayed, including the amount and bitcoin address, and the user verifies that this matches the intended recipient and amount before providing the second signature. Joel raises concerns about the security of this process if an attacker has access to the desktop computer but not the mobile device, but Brian argues that relying on multiple signatures still offers greater security. However, he acknowledges that the utility of verifying transactions may be reduced by complexity and user burden. Overall, the thread emphasizes the importance of finding methods to verify bitcoin transactions in the face of increasing malware threats.
Updated on: 2023-06-09T16:09:36.241951+00:00