Re: [bitcoin-dev] Proposal: Bitcoin Secure Multisig Setup

2021-02-15 Thread Hugo Nguyen via bitcoin-dev
I would also like to add 2 notes for those who are concerned about the potential complexity that comes with encryption - which is understandable: 1. As mentioned elsewhere in the thread, I've made the encryption aspect entirely optional. In scenarios where encryption is an overkill -- such as when

Re: [bitcoin-dev] Proposal: Bitcoin Secure Multisig Setup

2021-02-15 Thread Hugo Nguyen via bitcoin-dev
Hi Craig, Thanks for the feedback! Sharing my comments inline. On Mon, Feb 15, 2021 at 5:53 AM Craig Raw wrote: > Hi all, > > Hugo and I have discussed off-list, and I have two concerns with this > proposal: > > 1. I believe adding the TOKEN and encryption to the exchange adds > complexity to al

Re: [bitcoin-dev] Proposal: Bitcoin Secure Multisig Setup

2021-02-15 Thread Craig Raw via bitcoin-dev
Hi all, Hugo and I have discussed off-list, and I have two concerns with this proposal: 1. I believe adding the TOKEN and encryption to the exchange adds complexity to already notoriously complex multisig, without adding much in the way of security. This is because the shared secret (TOKEN) must

Re: [bitcoin-dev] Proposal: Bitcoin Secure Multisig Setup

2021-02-15 Thread Hugo Nguyen via bitcoin-dev
Hi all, I have updated the proposal based on further feedback. The new spec is included at the bottom. I have also created a public Github PR to make it easier to comment on the text of the spec itself: https://github.com/nunchuk-io/bips/pull/1 . Could someone please let me know what else needs t