On 10/14/13 22:20, Alex Weber wrote:
Could we do some "N of M" stuff? That would be pretty sweet, and probably prudent too. There's a Shamir Secret Sharing tool in Debian's repository and I'm pretty sure I've used one on Windows too.
With the rate of mining profits now being pretty small and still being cleared out per month, I don't think this is worth the time to set up.
Only thing we're protecting against is either me or Ian running off with a month's worth of funds and claiming it was the other guy / gremlins. (both of us have access to our own copy of the same private keys right now, so both of us have to lose that for funds to be locked up. I can give other directors the same thing).
And even when it was just Ian, the "gremlin's took it" point of view was still a possibility, especially with his machine being at the space with the risks that entails.
But I guess if this rally in price continues then our relative "trickle" per month in bitcoin terms could turn out to be decent in CAD terms in the end...
But I'm not sure a tool independent of bitcoin would be optimal -- if we're group encrypting one underlying bitcoin private key then there are potential opportunities at the moment the group decrypts it for one to walk away with a copy unless we start putting tamper resistant platforms in place. (I did take a machine away from Skullspace 1.0's junk pile with a TPM in it, interested in playing with this for these kinds of things some day...)
There's also potential for doing N of M stuff in the bitcoin protocol itself where everyone has their own private key, but I've now learned that is apparently still maturing in bitcoin, escrow type situations with 3 signers are apparently working well but multiple signers releasing funds in the style of a multi-signature bank account not as much.
Let's see how far the current rally in price goes... Mark _______________________________________________ SkullSpace Discuss Mailing List Help: http://www.skullspace.ca/wiki/index.php/Mailing_List#Discuss Archive: https://groups.google.com/group/skullspace-discuss-archive/
