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Author Topic: Spending bitcoins from a M of N private key?  (Read 444 times)
knight22 (OP)
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May 25, 2014, 05:44:45 PM
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If I create a split private key with https://www.bitaddress.org, where am I supposed to use those keys in order to spend the bitcoins?

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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DeathAndTaxes
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May 25, 2014, 05:50:37 PM
Last edit: May 25, 2014, 06:13:18 PM by DeathAndTaxes
 #2

The m of n on bitaddress is not a bitcoin multisig transaction so as far as the network is concerned there is only a single keypair and corresponding address.  BitAddress is just breaking up this key to provide redundancy when storing it offline. You combine the key parts to form the full key before using it on the network.

To combine the split keys you need to use bitaddress (there is a combine option) which will produce the full private key.  You would then import that into a wallet and use it like any other keypair.
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May 25, 2014, 06:07:17 PM
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Thanks for your quick reply. Can you point me where I can use a real multsig transaction?

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May 25, 2014, 06:08:36 PM
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with sx: http://sx.dyne.org/multisig.html
with bitcoin core: https://gist.github.com/gavinandresen/3966071

It is pitch black. You are likely to be eaten by a grue.

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May 25, 2014, 06:16:16 PM
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Thanks!

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