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121  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 24, 2015, 12:55:03 AM
The main question is if you have just the private key for one or more addresses in a deterministic wallet, are the other addresses at risk or are they secure.

A full Armory wallet is just

1x Root Private Key
1x Root Public Key
1x Chaincode


A watching-only Armory wallet is just

1x Root Public Key
1x Chaincode

So basically watching-only wallets don't have any private key data at all, and the chain code is just a constant that is carried through all the calculations.  With the priv key + chaincode, you can compute all private keys.  With public key + chain, you can compute all public keys that match the private keys produced on the full/offline wallet.

The chaincode and public key are not security-sensitive.  Someone getting them is a breach of privacy, not security.  All internet security is based on the fact that the public key is widely distributed (i.e. "public") and that the scheme maintains full security as long as no one else has the private key.


How about any derived private key, which is not the root key? How serious a leak would that make? Does it compromise all the other private keys as well, if the attacker knows the chain code? (which I assumed is the same for both, private and public chains).


You should always assume that revealing a private key from a deterministic wallet will reveal all siblings.   In Armory wallets, if private key x is revealed with the chaincode, all private keys >= X+1 are revealed.

But I don't spend much time worrying about this.  We do not support or claim to support any use cases where private keys are intentionally revealed.  And if your wallet is unintentionally compromised, they will all be revealed anyway. 
122  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2015, 12:39:24 AM
Looks like 1 week MACD will turn positive this week  Smiley
123  Economy / Speculation / Re: Buy NOW or miss out! .... LOL? on: February 22, 2015, 09:20:27 PM
With record high volume on the largest LocalBitcoins markets the last month, I expect the supply of coins to dry up soon if the price don't increase.
124  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 22, 2015, 01:49:33 AM
My favourite client, Armory, will also support Trezor in the future.

how would that work?  Trezor replace the offline signing wallet?

I guess so. I don't know the details, but both etotheipi and goatpig have confirmed that they will implement Trezor in Armory.
125  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 21, 2015, 10:39:35 PM
My favourite client, Armory, will also support Trezor in the future.
126  Economy / Speculation / Re: What are you going to invest in now that the Bitcoin Fever is gone? on: February 20, 2015, 06:17:28 PM
LOL. This is the right time to invest in Bitcoin  Cheesy
127  Economy / Speculation / Re: New auction for 50000 btc from US marshalls! on: February 19, 2015, 11:00:20 PM
How much of coins US marshalls still have?

They have:

50k (this auction)
https://blockchain.info/address/12pCPrWvudnefJCtXQUBcm9z2NogtC3Rix

44k
https://blockchain.info/address/1CaGxqCQv2ofqLf37HCUQoLujzRMaz74LK
128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2015, 10:27:40 PM
http://coinorama.net/
http://coinsight.org/coinbase

Anyone know why coinbase's bid/ask sums are shown differently at these sites?

I guess Coinorama is wrong. It doesn't show the whole order book in the order book window.
129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 31, 2015, 08:40:05 PM
I have a question for you guys:

You own 5k bit-coins. What do you do? Serious question.

Sell 1% every month and enjoy life.
130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2015, 10:36:46 PM
Buy pressure is building up at Coinbase  Cheesy
131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 08:00:29 PM
Why aren't the Greeks and Russians buying?

Can't say anything for Greeks, but Russians are buying USD, because RUB is being inflated much faster than USD, so the majority of the people don't notice any USD inflation.

The interest is growing in Russia.

http://bitcoincharts.com/charts/localbtcRUB#igWeeklyztgSzm1g10zm2g25zv
132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 03:16:50 AM
Hoist the colours Bitcoin!
133  Economy / Speculation / Re: Will Bitcoin ever go over 600 in next 5 years? (Till 2020) on: January 20, 2015, 03:25:45 AM
Give it six months...
134  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 20, 2015, 03:12:48 AM
The transaction rate limits are fixable.  The real problem is the inevitable centralization of mining.  It seems that no one knows how to fix that.  Bitcoin with centralized mining does not make any sense.

Why is it inevitable? A lot of people use electricity for heating. Create a bitcoin mining heater which is easy to use and the problem is solved.

Well...it might get us through the winter I suppose...



When you have summer, it's winter on the other side of the world.

Very true.  All we need is to teach fish to mine Bitcoin and we're all set.


I also use electricity to heat the water in my shower 12 months a year.
135  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 20, 2015, 03:07:22 AM
The transaction rate limits are fixable.  The real problem is the inevitable centralization of mining.  It seems that no one knows how to fix that.  Bitcoin with centralized mining does not make any sense.

Why is it inevitable? A lot of people use electricity for heating. Create a bitcoin mining heater which is easy to use and the problem is solved.

Well...it might get us through the winter I suppose...



When you have summer, it's winter on the other side of the world.
136  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 20, 2015, 03:00:43 AM
The transaction rate limits are fixable.  The real problem is the inevitable centralization of mining.  It seems that no one knows how to fix that.  Bitcoin with centralized mining does not make any sense.

Why is it inevitable? A lot of people use electricity for heating. Create a bitcoin mining heater which is easy to use and the problem is solved.
137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2015, 12:42:54 AM


 Cool Cheesy

No need to hurry for whales to buy on exchange now.


2014. A little late maybe?
138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2015, 03:17:47 AM
Latest news from our YouTube friend  Cheesy

https://www.youtube.com/watch?v=PdIIg-jfAss
This is the face of the bear cultists. And he's been at it since 2011.

 Cheesy
139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 19, 2015, 03:02:47 AM
Latest news from our YouTube friend  Cheesy

https://www.youtube.com/watch?v=PdIIg-jfAss
140  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 15, 2015, 01:21:53 PM
to the SC proponents who insist that the 2wp will equalize fiat exchange prices across SC's thru arbitrage.

just look at the $16ish spread btwn Bitfinex and the Chinese exchanges.  and this is with open, relatively equally liquid exchanges that DON'T have a 2 day lock up.  just imagine how volatile and disparate an illiquid, insecure SC can get with manipulation.
This.

How do you transfer fiat between Bitfinex and the Chinese exchanges in less than two days?
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