Re: [Bitcoin-development] Update on mobile 2-factor wallets

2014-11-08 Thread Mike Hearn
> > I am familiar with the Princeton threshold signature but I was under the > impression a single key needed to be generated on a single device then > split and distributed. > > Does this scheme work the same way? > No, it doesn't. Neither device ever sees as master private key. --

Re: [Bitcoin-development] Update on mobile 2-factor wallets

2014-11-08 Thread Chris Pacia
Thanks Mike I'll have to read that threshold signature paper. I am familiar with the Princeton threshold signature but I was under the impression a single key needed to be generated on a single device then split and distributed. Does this scheme work the same way? I would have concerns about gen

Re: [Bitcoin-development] Update on mobile 2-factor wallets

2014-11-08 Thread Mike Hearn
Yes. I think one of the next things we need is a library that produces nice and attractive PDFs of "wallet certificates" so it's easy to print out a paper backup. But the whole field of secure key escrow needs more research. Banking gives people the very nice property that you can lose literally e

Re: [Bitcoin-development] Update on mobile 2-factor wallets

2014-11-08 Thread Jeff Garzik
Overall, super duper awesome. :) Tweeted this post. I do have a concern about 2-of-2 arrangements. To me, this screams "twice as fragile" if not done properly; and I've seen a few naive implementations in the field that seemed quite fragile. 2FA/2-of-2 does solve the common problem of single d