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2601  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 08:44:16 PM
HD seed is just a general term for any wallet where a single seed can be used to recover any number of addresses. Armory before has advertised itself as being the first "Hierarchical Deterministic Wallet", that is all I was referring too. Understand Armory uses a different type than BIP0032 today.


are you sure about this?  HD is a very specific term to BIP32 afaik.
2602  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 08:41:36 PM

OK thanks. So you are using the Trezor as a full replacement for the offline secure storage. And with the planned Armory support will continue to use online Armory watching only wallets as your wallet, but use the Trezor for signing.


no.  Trezor isn't ready yet to replace offline Armory storage.  it can't communicate yet with the online watching wallet.
2603  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 08:34:59 PM
can the Trezor ppl see our balances and tx's while the Trezor is logged into myTrezor.com?

Out of curiosity, how do you guys plan on using your Trezor? I looked into them, like the idea and would like to get one, but couldn't see how a Trezor would fit into how I currently manage my BTC.

In my case I use Armory offline wallets for primary BTC storage, with secure HD seed backups so I'm confident I can always restore the wallets. For day to day usage I keep a small amount in Mycelium, and use this for buying pizza, etc. To fund Mycelium, in Armory I create spending addresses with a small amount of BTC and export the private key to Mycelium. The advantage to this is if I lose my phone, the BTC are recoverable in Armory or HD seed backups. The worse case is if someone steals and breaks my phone, I can only lose the amount on the phone (similar to cash in a real wallet). I like this method because: 1)  I can store and use BTC on my phone without worrying about losing the coins because they are simultaneously in Armory (which is an awesome property of Bitcoin) and 2) Only a small amount are ever "at risk", with the majority secure in Armory.

Because of this I can't see how a Trezor would fit. So how do you guys use it?

I use the trezor for both secure long-term storage and also for day-to-day spending. I actually think it's at least as secure a any armory (or other solution running on multipurpose hardware)-based solution. It's the nice thing about trezor: it combines ease of use with extreme security. In conjunction with electrum (as an example) I can also use address-based coin control for increasing privacy.

Of course, for ordering pizza or making the odd donation I use mycelium. It's just way faster (I make a habit of unplugging the trezor after use) and scanning qr-codes from the screen and seeing the payment arrive a second later has something very special to it.


now i believe that is not right.  i assume you have just one Trezor.  why carry around your long term storage for daily spending?  i assume it has a sizeable balance.  think rubber hosing...
2604  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 08:31:41 PM
i wonder if another reason to avoid exporting Armory linear deterministic privkeys is if you reveal that privkey on your phone along with perhaps the master public key, can ALL your privkeys be determined similar to how it can be done with an xpub+childprivkey in HD wallets? 

molecular would probably know.

I have no experience with the armory linear scheme in particular, but I would assume all type 2 deterministic schemes suffer from this problem. I can say it for sure for the classic electrum 'linear' scheme.

My solution: don't ever export private (sub)keys (my trezor nicely keeps me from doing that even when I'm drunk or whatever).


i think that is right.
2605  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 08:29:54 PM
can the Trezor ppl see our balances and tx's while the Trezor is logged into myTrezor.com?

Out of curiosity, how do you guys plan on using your Trezor? I looked into them, like the idea and would like to get one, but couldn't see how a Trezor would fit into how I currently manage my BTC.

In my case I use Armory offline wallets for primary BTC storage, with secure HD seed backups so I'm confident I can always restore the wallets. For day to day usage I keep a small amount in Mycelium, and use this for buying pizza, etc. To fund Mycelium, in Armory I create spending addresses with a small amount of BTC and export the private key to Mycelium. The advantage to this is if I lose my phone, the BTC are recoverable in Armory or HD seed backups. The worse case is if someone steals and breaks my phone, I can only lose the amount on the phone (similar to cash in a real wallet). I like this method because: 1)  I can store and use BTC on my phone without worrying about losing the coins because they are simultaneously in Armory (which is an awesome property of Bitcoin) and 2) Only a small amount are ever "at risk", with the majority secure in Armory.

Because of this I can't see how a Trezor would fit. So how do you guys use it?

i foresee the Trezor replacing the offline wallet and its pc and being more secure since the offline wallets can be susceptible to a USB malware attack.  as far as i know, there is no way to get privkeys off a Trezor so in that sense it is safer.  i would hope you could just plug it into your online pc to sign tx's from the online Armory watching only wallets.  we'll have to see what Armory comes up with.

i don't understand how or why you are using HD seeds since Armory currently only generates linear deterministic keypairs, not hierarchical.  i also wouldn't bother exporting privkeys from the offline Armory wallet since you can just make a HD seed backup of your Mycelium wallet that can be restored in case of theft or loss while avoiding excessive and unnecessary exposure to USB attacks from accessing the offline wallet.

i wonder if another reason to avoid exporting Armory linear deterministic privkeys is if you reveal that privkey on your phone along with perhaps the master public key, can ALL your privkeys be determined similar to how it can be done with an xpub+childprivkey in HD wallets? 

molecular would probably know.

if SINGLE privkey is compromised from linear chain then ALL privkeys can be computed in same chain.

that's not right.  you'd need more information, like the chain code if it's even possible, than just a single privkey from the chain.
2606  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 07:52:58 PM
can the Trezor ppl see our balances and tx's while the Trezor is logged into myTrezor.com?

Out of curiosity, how do you guys plan on using your Trezor? I looked into them, like the idea and would like to get one, but couldn't see how a Trezor would fit into how I currently manage my BTC.

In my case I use Armory offline wallets for primary BTC storage, with secure HD seed backups so I'm confident I can always restore the wallets. For day to day usage I keep a small amount in Mycelium, and use this for buying pizza, etc. To fund Mycelium, in Armory I create spending addresses with a small amount of BTC and export the private key to Mycelium. The advantage to this is if I lose my phone, the BTC are recoverable in Armory or HD seed backups. The worse case is if someone steals and breaks my phone, I can only lose the amount on the phone (similar to cash in a real wallet). I like this method because: 1)  I can store and use BTC on my phone without worrying about losing the coins because they are simultaneously in Armory (which is an awesome property of Bitcoin) and 2) Only a small amount are ever "at risk", with the majority secure in Armory.

Because of this I can't see how a Trezor would fit. So how do you guys use it?

i foresee the Trezor replacing the offline wallet and its pc and being more secure since the offline wallets can be susceptible to a USB malware attack.  as far as i know, there is no way to get privkeys off a Trezor so in that sense it is safer.  i would hope you could just plug it into your online pc to sign tx's from the online Armory watching only wallets.  we'll have to see what Armory comes up with.

i don't understand how or why you are using HD seeds since Armory currently only generates linear deterministic keypairs, not hierarchical.  i also wouldn't bother exporting privkeys from the offline Armory wallet since you can just make a HD seed backup of your Mycelium wallet that can be restored in case of theft or loss while avoiding excessive and unnecessary exposure to USB attacks from accessing the offline wallet.

i wonder if another reason to avoid exporting Armory linear deterministic privkeys is if you reveal that privkey on your phone along with perhaps the master public key, can ALL your privkeys be determined similar to how it can be done with an xpub+childprivkey in HD wallets? 

molecular would probably know.
2607  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 07:08:47 PM
can the Trezor ppl see our balances and tx's while the Trezor is logged into myTrezor.com?

Out of curiosity, how do you guys plan on using your Trezor? I looked into them, like the idea and would like to get one, but couldn't see how a Trezor would fit into how I currently manage my BTC.

In my case I use Armory offline wallets for primary BTC storage, with secure HD seed backups so I'm confident I can always restore the wallets. For day to day usage I keep a small amount in Mycelium, and use this for buying pizza, etc. To fund Mycelium, in Armory I create spending addresses with a small amount of BTC and export the private key to Mycelium. The advantage to this is if I lose my phone, the BTC are recoverable in Armory or HD seed backups. The worse case is if someone steals and breaks my phone, I can only lose the amount on the phone (similar to cash in a real wallet). I like this method because: 1)  I can store and use BTC on my phone without worrying about losing the coins because they are simultaneously in Armory (which is an awesome property of Bitcoin) and 2) Only a small amount are ever "at risk", with the majority secure in Armory.

Because of this I can't see how a Trezor would fit. So how do you guys use it?

i foresee the Trezor replacing the offline wallet and its pc and being more secure since the offline wallets can be susceptible to a USB malware attack.  as far as i know, there is no way to get privkeys off a Trezor so in that sense it is safer.  i would hope you could just plug it into your online pc to sign tx's from the online Armory watching only wallets.  we'll have to see what Armory comes up with.

i don't understand how or why you are using HD seeds since Armory currently only generates linear deterministic keypairs, not hierarchical.  i also wouldn't bother exporting privkeys from the offline Armory wallet since you can just make a HD seed backup of your Mycelium wallet that can be restored in case of theft or loss while avoiding excessive and unnecessary exposure to USB attacks from accessing the offline wallet.
2608  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 03:51:35 AM
Citizen Four Wins!
2609  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 23, 2015, 02:59:06 AM
the Dow Theory non-confirmation grows larger and larger.  the US is not out of the woods, contrary to popular opinion:

2610  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 22, 2015, 09:51:05 PM
bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really.
the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals).
Also the ore quality is decreasing, so it costs more to get the same amount of gold.

Not really.

Asteroid mining is now within the realms of becoming viable. The gold resources there will dwarf anything seen on this planet. Once the transport mechanisms have been developed for recovery the gold is imminently more accessible, i.e. it is basically there in a pure form waiting to be "picked up".
Viable? What does this exactly mean, can you elaborate a bit?
Asteroid-mining pops up from time to time as a "game-changer" in the press, but the fact is for now there is nothing mature enough to affect the price of gold.
We may use this as an argument once this becomes a real possibility, for now it is a bit off-topic, I am afraid.

Point being, you said gold was scarce and this is incorrect. More correctly it is technically inaccessible, for now.

Viable means economic to retrieve in this context, if that was not obvious. There is now an identifiable technology development path towards retrieving gold from asteroids, do your own research on this if you do not believe me, I don't have time to lay it all out for you. Time and costs to becoming viable will only decrease from here onwards.

Ever since the Philae Lander, one cannot doubt any of these claims.
2611  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 22, 2015, 09:45:30 PM
My favourite client, Armory, will also support Trezor in the future.

This is good news and should satisfy cyphers privacy needs.


Yeah, once these 2 get integrated, it'll be a dynamite combination for security.
2612  Bitcoin / Armory / Re: [ANN] Armory 0.93 Official Release on: February 22, 2015, 05:59:25 PM

Good I don't think I like it. There's no way I trust incrementing vs rng. I'd rather get support for usb rng plus mouse movements.

To be clear, it's not "incrementing".  It's a hash that changes if the private key or message changes.  In other words, there's no way to sign two different messages or with two different private keys using the same k-value with RFC6979.  It should be pretty strong, I'm just more sensitive to deviating from NIST/FIPS standards with our recent enterprise focus.

we all want Armory to prosper as it benefits all of our security.

this is a very reasonable approach.
2613  Bitcoin / Armory / Re: [ANN] Armory 0.93 Official Release on: February 22, 2015, 05:49:05 PM

Good I don't think I like it. There's no way I trust incrementing vs rng. I'd rather get support for usb rng plus mouse movements.

To be clear, it's not "incrementing".  It's a hash that changes if the private key or message changes.  In other words, there's no way to sign two different messages or with two different private keys using the same k-value with RFC6979.  It should be pretty strong, I'm just more sensitive to deviating from NIST/FIPS standards with our recent enterprise focus.

Oh ok that makes sense. What's protecting an identical transaction?

nothing prevents an identical tx.  but only the first will be accepted by the network, so there's no use in duplicating.

edit:  this is also what allows the "auditing" or "determinism" that eto was referring to.
2614  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 22, 2015, 05:11:51 PM
increasing decentralization:

2615  Bitcoin / Armory / Re: [ANN] Armory 0.93 Official Release on: February 22, 2015, 04:50:30 PM
I wish people would stop referring to "you are at risk if you don't use RFC6979".  We have seen in the wild, poorly-supported platforms, with poorly implemented RNGs cause problems for people that reuse addresses.  However, Armory only runs on systems with proper RNG capabilities AND using an RNG for ECDSA signing is part of the NIST standard.  RFC6979 is exactly what it says "Request for Comments".  It's not a standard, never been approved by any organization.  I recognize that it might be more trustworthy than the javascript RNG or Android RNG (which have both caused problems in the past), but in our environment I'd prefer to use the NIST/FIPS standard RNG version of signing.

For instance, we're working on HSM integration now, and the whole thing is a giant [$15,000!] FIPS-certified hardware and software stack.  If we tried to implement RFC6979 we'd be breaking all the crypto certifications of the device.   This would mean our HSMs would immediately be unsuitable for any government use.  This means it would be unsuitable for a wide variety of environments that depend on FIPS certifications.  

This doesn't mean that I don't think RFC6979 is useful.  It's that it's a tradeoff between using an approved, standardized process, and using a "proposed" process that addresses shortcomings in some platforms that don't even meet sanity checks for RNG capability.  While I think it would be tough to argue that the RFC6979 process was insecure, we don't like modifying such sensitive parts of crypto processes without at least some review by standards bodies (with real cryptographers).

My attitude on all this is:  I personally believe (using judgement) that RFC6979 is a good choice, as standardizing it across applications solves issues with platforms using weak RNGs, as any shortcomings it might have are better than having a bad RNG behind the signing.  But I'm not going to shove all our users into it (at least without a way to disable it) on platforms that have solid RNGs and can apply the approved signing algorithms.  For now, we've made det-signing opt-in, and I think pending further review we'll switch the default to make it opt-out.  


conceptually, the Trezor is a mini-HSM, right?  from a security standpoint, would you consider it "as secure" as an HSM despite the fact it uses deterministic signing?
2616  Bitcoin / Armory / Re: [ANN] Armory 0.93 Official Release on: February 22, 2015, 12:42:51 PM
Where can I find more info on supernode?
2617  Bitcoin / Armory / Re: Armory - Discussion Thread on: February 22, 2015, 03:58:13 AM
getting dependency error not satifiable:  libstdc++6(>=4.7) in Ubuntu 12.04 32 bit on attempted install of 0.93

do we have to install 0.93 on both online and offline pc's?
2618  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 22, 2015, 02:21:36 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.

whatever it takes to get myTrezor.com or any other centralized server out of the loop.
2619  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 22, 2015, 01:26:13 AM

that "shill" has made a bundle off appreciating UST's since 1980.  calculate that one out.
2620  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 22, 2015, 01:25:31 AM
My favourite client, Armory, will also support Trezor in the future.

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