Author: Natanael 2014-05-18 20:10:03
Published on: 2014-05-18T20:10:03+00:00
The discussion is centered around the issue of generating a recoverable private key that can be trusted. The challenge lies in using paper notes without involving any electronics and ensuring that all private keys are recoverable. One potential solution proposed is to use multisignature P2SH addresses, where several independent entities are trusted to not collude. However, this does not guarantee that all private keys are recoverable. Meanwhile, the use of Trusted Platform Modules (TPMs) like smartcards is suggested as another solution. These devices can prevent key leakage and have their own SPV wallet client to make it easier to handle. However, manufacturers must be trusted, and the device should have no exploitable side channels. Alex Kotenko suggests that technical security is the main concern, and solutions are sought for the problem. Lastly, the need to trust the security of paper notes themselves is highlighted, but blockchain-based verification may eliminate the need for trust in others.
Updated on: 2023-06-08T22:51:42.548045+00:00