On Mon, Jan 20, 2014 at 04:05:14PM -0600, Brooks Boyd wrote: > On Mon, Jan 20, 2014 at 11:42 AM, slush <sl...@centrum.cz> wrote: > > > Hi all, > > > > during recent months we've reconsidered all comments which we received > > from the community about our BIP39 proposal and we tried to meet all > > requirements for such standard. Specifically the proposal now doesn't > > require any specific wordlist, so every client can use its very own list of > > preferred words. Generated mnemonic can be then applied to any other > > BIP39-compatible client. Please follow current draft at > > https://github.com/trezor/bips/blob/master/bip-0039.mediawiki. > > So, because the [mnemonic]->[bip32 root] is just hashing, you've > effectively made your "mnemonic sentence" into a brainwallet? Since every > mnemonic sentence can now lead to a bip32 root, and only the client that > created the mnemonic can verify the mnemonic passes its checksum (assuming > all clients use different wordlists, the only client that can help you if > you fat-finger the sentence is the client that created it)?
That issue is more than enough to get a NACK from me on making the current BIP39 draft a standard - I can easily see that leading to users losing a lot of money. Have any wallets implemented BIP39 this way already in released code? -- 'peter'[:-1]@petertodd.org 00000000000000009c3092c0b245722363df8b29cfbb86368f4f7303e655983a
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