Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192] helo=mx.sourceforge.net) by sfs-ml-3.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1UV0X0-0003WE-FM for bitcoin-development@lists.sourceforge.net; Wed, 24 Apr 2013 14:18:46 +0000 Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of gmail.com designates 209.85.217.171 as permitted sender) client-ip=209.85.217.171; envelope-from=melvincarvalho@gmail.com; helo=mail-lb0-f171.google.com; Received: from mail-lb0-f171.google.com ([209.85.217.171]) by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1UV0Wz-0002Dn-8d for bitcoin-development@lists.sourceforge.net; Wed, 24 Apr 2013 14:18:46 +0000 Received: by mail-lb0-f171.google.com with SMTP id v10so1762567lbd.2 for ; Wed, 24 Apr 2013 07:18:38 -0700 (PDT) MIME-Version: 1.0 X-Received: by 10.152.3.137 with SMTP id c9mr18153900lac.5.1366813118518; Wed, 24 Apr 2013 07:18:38 -0700 (PDT) Received: by 10.112.143.38 with HTTP; Wed, 24 Apr 2013 07:18:38 -0700 (PDT) Date: Wed, 24 Apr 2013 16:18:38 +0200 Message-ID: From: Melvin Carvalho To: public-rww , Web Payments , Bitcoin Dev Content-Type: multipart/alternative; boundary=089e01494232675ca404db1bfa63 X-Spam-Score: -0.6 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (melvincarvalho[at]gmail.com) -0.0 SPF_PASS SPF: sender matches SPF record 1.0 HTML_MESSAGE BODY: HTML included in message -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1UV0Wz-0002Dn-8d Subject: [Bitcoin-development] Sending Bitcoins using RSA keys X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Wed, 24 Apr 2013 14:18:46 -0000 --089e01494232675ca404db1bfa63 Content-Type: text/plain; charset=ISO-8859-1 So there's a slight world divide in digital payments with bitcoin using ECDSA and GPG, payswarm / webid etc using largely RSA Here's how to bring the two worlds together and enable bitcoins be sent over webid or payswarm Problem: Alice and Bob have RSA key pairs, but no public bitcoin addresses. Alice wants to send 1 BTC to Bob. 1. Alice takes Bob's WebID and encrpyts it with her private key (to create entropy) ... 2. Alice uses that message as the seed to produce btc address (as per http://brainwallet.org ) with ECDSA key pair 3. Alice sends coins to this address 4. Alice and then encrypts the seed again with Bob's public key 5. Bob decrypts the seed using his private key 6. Bob can now use the seed to recreate the wallet and spend the coins Unless I've made an error, I believe this unites the web paradigm and crypto currency paradigm into one potentially giant eco system ... --089e01494232675ca404db1bfa63 Content-Type: text/html; charset=ISO-8859-1 Content-Transfer-Encoding: quoted-printable
So there's a slight world divide in digital = payments with bitcoin using ECDSA and GPG, payswarm / webid etc using large= ly RSA

Here's how to bring the two worlds together and ena= ble bitcoins be sent over webid or payswarm


Problem: Alice and Bob have RSA key pairs, but no public bitcoin ad= dresses.=A0 Alice wants to send 1 BTC to Bob.

1. Alice takes Bob's WebID and encrpyts it with her private key= (to create entropy) ...

2. Alice uses that message as the seed to = produce btc address (as per http://brain= wallet.org ) with ECDSA key pair

3. Alice sends coins to this address

4. Alice and the= n encrypts the seed again with Bob's public key

5. Bob decrypts the seed using his private key
=

6. Bob can now use the seed to recreate the wallet and = spend the coins

Unless I've made an error,= I believe this unites the web paradigm and crypto currency paradigm into o= ne potentially giant eco system ...
--089e01494232675ca404db1bfa63--