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From: Erik Aronesty <erik@q32.com>
Date: Fri, 12 Aug 2016 08:36:31 -0400
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To: Gregory Maxwell <greg@xiph.org>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] BIP Number Request: Addresses over Audio
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I'm imagining a "publishable seed" such that:
- someone can derive a random bitcoin address from it - and send funds to
it.
- the possible derived address space is large enough that generating all
possible addresses would be a barrier
- the receiver, however, knowing the private key, can easily scan the
blockchain fairly efficiently and determine which addresses he has the keys
to
- another interested party cannot easily do so
Perhaps homomorphic encryption may need to be involved?
On Thu, Aug 11, 2016 at 8:36 PM, Gregory Maxwell <greg@xiph.org> wrote:
> On Thu, Aug 11, 2016 at 8:37 PM, Erik Aronesty via bitcoin-dev
> <bitcoin-dev@lists.linuxfoundation.org> wrote:
> > Still not sure how you can take a BIP32 public seed and figure out if an
> > address was derived from it though. I mean, wouldn't I have to compute
> all
> > 2^31 possible public child addresses?
>
> Which would take a quad core laptop about 8 hours with competent software
>
> And presumably you're not using the whole 2^31 space else the receiver
> also has to do that computation...
>
--001a114d6f1ce0664a0539df2116
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div>I'm imagining a "publishable seed" such=
that:<br><br>=C2=A0- someone can derive a random bitcoin address from it -=
=C2=A0 and send funds to it. <br>=C2=A0- the possible derived address space=
is large enough that generating all possible addresses would be a barrier<=
br></div><div>=C2=A0- the receiver, however, knowing the private key, can e=
asily scan the blockchain fairly efficiently and determine which addresses =
he has the keys to<br></div><div>=C2=A0- another interested party cannot ea=
sily do so<br></div><div><br></div><div>Perhaps homomorphic encryption may =
need to be involved?=C2=A0=C2=A0 <br></div><div><br></div></div><div class=
=3D"gmail_extra"><br><div class=3D"gmail_quote">On Thu, Aug 11, 2016 at 8:3=
6 PM, Gregory Maxwell <span dir=3D"ltr"><<a href=3D"mailto:greg@xiph.org=
" target=3D"_blank">greg@xiph.org</a>></span> wrote:<br><blockquote clas=
s=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;pad=
ding-left:1ex"><span class=3D"">On Thu, Aug 11, 2016 at 8:37 PM, Erik Arone=
sty via bitcoin-dev<br>
<<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@li=
sts.<wbr>linuxfoundation.org</a>> wrote:<br>
> Still not sure how you can take a BIP32 public seed and figure out if =
an<br>
> address was derived from it though.=C2=A0 =C2=A0I mean, wouldn't I=
have to compute all<br>
> 2^31 possible public child addresses?<br>
<br>
</span>Which would take a quad core laptop about 8 hours with competent sof=
tware<br>
<br>
And presumably you're not using the whole 2^31 space else the receiver<=
br>
also has to do that computation...<br>
</blockquote></div><br></div>
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