Author

Topic: Stealth address = intermediate code? (Read 610 times)

hero member
Activity: 793
Merit: 1016
February 04, 2014, 05:15:07 AM
#1
Is this accurate?

https://pay.reddit.com/r/Bitcoin/comments/1wyk8q/how_are_stealth_addresses_different_from_bip0038/

Quote
Can't I just generate an intermediate code, like

passphraseZjDp22R8V5RJ2EPNRQ6sCgZUzVqbjs3ETFDUm7RTig32caD63qniqn1rkKQPPn

and then you go and make a random bip38 encrypted address with that and publicly post the encrypted private key, like

6PRR7y2cxXPxnEp6HchFy4G2xU2tM3YT2Z4nLn92S9FhfD3xdLF5geh6e3

which I can then decrypt...

That gives just as little information as stealth addresses, right? How is this any different from stealth addresses??
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