Re: [bitcoin-dev] SLIP-0039: Shamir's Secret-Sharing for Mnemonic Codes

2018-09-26 Thread Andrew Kozlik via bitcoin-dev
Thank you for your input Ignacio. Looking at your proposal, I see that its main feature is that it makes one of the shares privileged in the sense that it must always take part in the reconstruction of the master secret, while the remaining shares follow the K-of-M scheme. This is an interesting

Re: [bitcoin-dev] SLIP-0039: Shamir's Secret-Sharing for Mnemonic Codes

2018-09-26 Thread Andrew Kozlik via bitcoin-dev
Thanks for your input Christopher. Since we already have the discussion about your comments running under the issues in the SLIPs repo on Github (https://github.com/satoshilabs/slips/issues), let's continue it there. Andrew Kozlik On 21.9.2018 21:29, Christopher Allen wrote: > On Fri, Sep 21,

Re: [bitcoin-dev] SLIP-0039: Shamir's Secret-Sharing for Mnemonic Codes

2018-09-21 Thread vizeet srivastava via bitcoin-dev
I see one benefit which i am looking for. I may not need to use all public keys in p2sh script instead i can use p2pkh and retrieve funds by using threshold number of keys..so in case i loose a public key along with private key i still may have other public key private key pairs to retrieve. For

Re: [bitcoin-dev] SLIP-0039: Shamir's Secret-Sharing for Mnemonic Codes

2018-09-21 Thread Christopher Allen via bitcoin-dev
On Fri, Sep 21, 2018 at 11:18 AM Andrew Kozlik via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > We are currently writing a new specification for splitting BIP-32 master > seeds into multiple mnemonics using Shamir's secret sharing scheme. We > would be interested in getting your

[bitcoin-dev] SLIP-0039: Shamir's Secret-Sharing for Mnemonic Codes

2018-09-21 Thread Andrew Kozlik via bitcoin-dev
Hello everyone, We are currently writing a new specification for splitting BIP-32 master seeds into multiple mnemonics using Shamir's secret sharing scheme. We would be interested in getting your feedback with regard to the high-level design of the new spec: