If the Bitcoin project is going to have a donation address at all I think it needs to be implemented as described in this topic (https://bitcointalksearch.org/topic/elliptic-curve-math-question-53177). The system that they work out in that topic requires two separate parties to generate private keys that are then matemagically turned into a single private key that neither of them know. Then they matemagically make a public key of that by doing some crazy math with the separate public keys.
Anyhow, boils down to multiple parties having to corroborate in order to spend the money. Either that or https://en.bitcoin.it/wiki/BIP_0011 needs implemented.
I just don't trust one person having control of an address that is listed to be donated to on every copy of the Satoshi client. I'm all for the idea of having a donate button, but trust comes up as a big issue if we add one.
This is a fair concern, and I like the idea of spreading the trust among 2 or 3 people who would have to be in agreement to redeem the BTC. Anyhow, boils down to multiple parties having to corroborate in order to spend the money. Either that or https://en.bitcoin.it/wiki/BIP_0011 needs implemented.
I just don't trust one person having control of an address that is listed to be donated to on every copy of the Satoshi client. I'm all for the idea of having a donate button, but trust comes up as a big issue if we add one.
