Re: [Bitcoin-development] Fidelity bonds for decentralized instant confirmation guarantees

2014-06-17 Thread Mark Friedenbach
Not with current script, but there are mechanisms by which you can do a digital signature where signing two pieces of information reveals the ECDSA k parameter, thereby allowing anyone to recover the private key and steal the coins. Practically speaking, these are not very safe systems to use. For

Re: [Bitcoin-development] Fidelity bonds for decentralized instant confirmation guarantees

2014-06-17 Thread Goss, Brian C., M.D.
om: Peter Todd > Subject: Re: [Bitcoin-development] Fidelity bonds for decentralized >instant confirmation guarantees > To: Daniel Rice > Cc: Bitcoin Dev ,Lawrence >Nahum > Message-ID: <20140616205041.GA21784@savin> > Content-Type: text/plain; charset="

Re: [Bitcoin-development] Fidelity bonds for decentralized instant confirmation guarantees

2014-06-16 Thread Peter Todd
On Mon, Jun 16, 2014 at 01:37:52PM -0700, Daniel Rice wrote: > True, that would work, but still how are you going to bootstrap the trust? > TREZOR is well known, but in a future where there could be 100 different > companies trying to release a similar product to TREZOR it seems like one > company