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Topic: Secret wallet - page 2. (Read 2684 times)

hero member
Activity: 721
Merit: 503
December 31, 2011, 07:40:35 PM
#1
1 - Generate a set of private keys with high quality entropy
2 - Hash your password+a numeric string to an SHA256 hash
3 - XOR the hash from step 2 with each of the keys from step 1 to get your new private keys
4 - Repeat steps 2-4 an arbitary number of times to create multiple hidden wallets
5 - Pay small amounts into all your addresses
6 - If cooerced, give the password for a secret wallet with hardly any coins in it

Anyone got plausible attacks against this scheme?
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