Re: [Bitcoin-development] Proposal to replace BIP0039

2013-11-16 Thread Pavol Rusnak
On 04/11/13 16:10, Timo Hanke wrote:
 Does Trezor even use private derivation?

No. It can't. Private keys never leave the device so client would not
know how to generate addresses.

-- 
Best Regards / S pozdravom,

Pavol Rusnak st...@gk2.sk

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Re: [Bitcoin-development] Proposal to replace BIP0039

2013-11-16 Thread Pavol Rusnak
On 03/11/13 08:40, Timo Hanke wrote:
 Trezor picks random s and sends S=s*G to computer, keeping s secret.

That's a really neat trick!

 One question remains: if you only write down the mnemonic how can you be
 sure that it is correct and corresponds to the secret in Trezor?

Right. That's a problem. I'm not sure if this whole cryptomagic is
benefitial at all.

I'd suggest to go the easy way for now, i.e. prove that external entropy
was used while generating the master seed. If the user does not trust
our firmware, he can use his own built one.

-- 
Best Regards / S pozdravom,

Pavol Rusnak st...@gk2.sk

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Re: [Bitcoin-development] Proposal to replace BIP0039

2013-11-16 Thread Timo Hanke
On Sun, Nov 17, 2013 at 12:49:04AM +0100, Pavol Rusnak wrote:
 On 03/11/13 08:40, Timo Hanke wrote:
  Trezor picks random s and sends S=s*G to computer, keeping s secret.
 
 That's a really neat trick!
 
  One question remains: if you only write down the mnemonic how can you be
  sure that it is correct and corresponds to the secret in Trezor?
 
 Right. That's a problem. I'm not sure if this whole cryptomagic is
 benefitial at all.
 
 I'd suggest to go the easy way for now, i.e. prove that external entropy
 was used while generating the master seed. If the user does not trust
 our firmware, he can use his own built one.

No, this question of mine was regardless of any cryptomagic or neat
tricks like Thomas' suggestion. It has nothing do with auditing the
entropy. It was just a backup question.

I recently had an experience where I thought coins were lost because the
secrets I had didn't match the public keys that I thought they'd match.
From now on I will always recover my wallet first, from the backed up
secrets, before sending any coins to the pubkeys in the wallet. I will
never again generate a wallet, backup the secrets, and hope the secrets
indeed match the pubkeys.. without testing that. My question was how
Trezor allows me to verify my backup.

All this makes me think if having one device generating and displaying
the secret, and making a backing from the display, is the right way to
go. Since you would need a second device to verify your backup is sane,
you could have two devices to start with. One is your hardware wallet
and it only imports secrets (restores backups). The other is an entropy
generator and it only generates secrets.

Best regards,
Timo

p.s. The question about auditing entropy would only apply to the generator,
not the wallet. Is it yet documented how Trezor proves that external
entropy was used? 

-- 
Timo Hanke
PGP 1EFF 69BC 6FB7 8744 14DB  631D 1BB5 D6E3 AB96 7DA8

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Re: [Bitcoin-development] moving the default display to mbtc

2013-11-16 Thread Jacob Lyles
One of the strongest results from psychology is the power of defaults over
people's 
behaviohttp://danariely.com/2008/05/05/3-main-lessons-of-psychology/r.
Opt-in vs. opt-out national organ donation policies mean the difference
between organ donation rates under ~10% to over ~90%. Most people stick
with the default option.


On Thu, Nov 14, 2013 at 10:18 AM, Luke-Jr l...@dashjr.org wrote:

 On Thursday, November 14, 2013 11:45:51 AM Melvin Carvalho wrote:
  Would now be a good time to start thinking about changing the default
  display in the software.  Perhaps initially it could be a dropdown
 display
  option, then at some point mbtc becomes the default?

 There's already a dropdown display option...


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