I use ssss. Very versatile and easy to use, and the project even has a Bitcoin donation address.
I how do you use it!! I have been trying so hard! Do you have to open it on a windows machine and if so how?
Topic: Best way to use Shamir's Secret Sharing (Read 1631 times)
I how do you use it!! I have been trying so hard! Do you have to open it on a windows machine and if so how?
Yeah year of the multisig and all and here we are still using bitcoind command line with 1000+ character lines based on gavin's 18 month old instructions.
Fortunately there's a nice javascript tool also in the wild which works on your offline computer:
https://github.com/OutCast3k/bitcoin-multisig/
Or you could go the SX route.. have you tested that recently grue?
Fortunately there's a nice javascript tool also in the wild which works on your offline computer:
https://github.com/OutCast3k/bitcoin-multisig/
Or you could go the SX route.. have you tested that recently grue?
What are the tools you use for multisig ?
It can be done with only bitcoin core: https://gist.github.com/gavinandresen/3966071It is not very user friendly if you have to script it. I think mycelium is about to add multisig paper wallet support for their entropy thing. But i don't have any date for that.
What are the tools you use for multisig ?
It can be done with only bitcoin core: https://gist.github.com/gavinandresen/3966071 Don't bother using Shamir's Secret Sharing, just use multisig transactions. It's part of the bitcoin protocol so you don't need a tool to recombine the keys.
What are the tools you use for multisig ?
Don't bother using Shamir's Secret Sharing, just use multisig transactions. It's part of the bitcoin protocol so you don't need a tool to recombine the keys.
I don't know if it runs on Windows, but making the splits on a live Linux booted from an optical medium makes sense anyway.
I use ssss. Very versatile and easy to use, and the project even has a Bitcoin donation address.
I want to use Shamir's Secret Sharing algorhythm to make a paper wallet in a way some risks are lowered : paper wallet lost, burnt or stolen.
My first idea was to use https://encryptedbitcoinwallet.com/ with 5 shares and 3 required and then to set in 5 envelopes one share with the secret and one bip38 paper wallet.
But i do not see clearly the benefit of sharing a passphrase versus directly sharing the bitcoin private key.
If someone could clear my mind on the subject.
SSS is superior to any kind of password encrypted private key scheme. You should check out Mycelium Entropy (https://www.indiegogo.com/projects/mycelium-entropy) which supports SSS (BIP in progress). My first idea was to use https://encryptedbitcoinwallet.com/ with 5 shares and 3 required and then to set in 5 envelopes one share with the secret and one bip38 paper wallet.
But i do not see clearly the benefit of sharing a passphrase versus directly sharing the bitcoin private key.
If someone could clear my mind on the subject.
When you call someone a scam you should have some evidence to back it up. The constant cries of scam don't help anyone.
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
I am a bit late to this post, but I am the creator of https://encryptedbitcoinwallet.com, and for what it is worth: The site is not a scam.
Trust is difficult, but I have published the website under my real name. I have created the site as a fork of bitaddress.org to make it easier for folks to analyze my code. The project is available on Github at https://github.com/exception386/encryptedbitcoinwallet.com
To be extra safe you can always download a copy of Encrypted Bitcoin Wallet and run it from an offline computer.
Thanks,
Jeff Hockema
Trust is difficult, but I have published the website under my real name. I have created the site as a fork of bitaddress.org to make it easier for folks to analyze my code. The project is available on Github at https://github.com/exception386/encryptedbitcoinwallet.com
To be extra safe you can always download a copy of Encrypted Bitcoin Wallet and run it from an offline computer.
Thanks,
Jeff Hockema
Offline address creation should be done even if site is trustworthy because of possibility of viruses.
I am a bit late to this post, but I am the creator of https://encryptedbitcoinwallet.com, and for what it is worth: The site is not a scam.
Trust is difficult, but I have published the website under my real name. I have created the site as a fork of bitaddress.org to make it easier for folks to analyze my code. The project is available on Github at https://github.com/exception386/encryptedbitcoinwallet.com
To be extra safe you can always download a copy of Encrypted Bitcoin Wallet and run it from an offline computer.
Thanks,
Jeff Hockema
Trust is difficult, but I have published the website under my real name. I have created the site as a fork of bitaddress.org to make it easier for folks to analyze my code. The project is available on Github at https://github.com/exception386/encryptedbitcoinwallet.com
To be extra safe you can always download a copy of Encrypted Bitcoin Wallet and run it from an offline computer.
Thanks,
Jeff Hockema
I want to use Shamir's Secret Sharing algorhythm to make a paper wallet in a way some risks are lowered : paper wallet lost, burnt or stolen.
My first idea was to use https://encryptedbitcoinwallet.com/ with 5 shares and 3 required and then to set in 5 envelopes one share with the secret and one bip38 paper wallet.
But i do not see clearly the benefit of sharing a passphrase versus directly sharing the bitcoin private key.
If someone could clear my mind on the subject.
My first idea was to use https://encryptedbitcoinwallet.com/ with 5 shares and 3 required and then to set in 5 envelopes one share with the secret and one bip38 paper wallet.
But i do not see clearly the benefit of sharing a passphrase versus directly sharing the bitcoin private key.
If someone could clear my mind on the subject.
Scam
I want to use Shamir's Secret Sharing algorhythm to make a paper wallet in a way some risks are lowered : paper wallet lost, burnt or stolen.
My first idea was to use https://encryptedbitcoinwallet.com/ with 5 shares and 3 required and then to set in 5 envelopes one share with the secret and one bip38 paper wallet.
But i do not see clearly the benefit of sharing a passphrase versus directly sharing the bitcoin private key.
If someone could clear my mind on the subject.
My first idea was to use https://encryptedbitcoinwallet.com/ with 5 shares and 3 required and then to set in 5 envelopes one share with the secret and one bip38 paper wallet.
But i do not see clearly the benefit of sharing a passphrase versus directly sharing the bitcoin private key.
If someone could clear my mind on the subject.
Jump to: