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"A bitcoin address after all can be shared by many users" Only in a context of mutual absolute trust, in both honesty and security competence. Any person who
by emiliobumachar 9y ago
"A bitcoin address after all can be shared by many users"
Only in a context of mutual absolute trust, in both honesty and security competence.
Any person who has the password can transfer the whole wallet contents to a new wallet that they alone control, while maintaining plausible deniability.
Any person who unwillingly compromises the password to a third party has compromised the entire wallet.
- ric2b 9y ago> Only in a context of mutual absolute trust, in both honesty and security competence. Not at all, look up multi-signature addresses. There are addresses where you need N-of-M signatures to move the coins. So for example you could have a 6-of-10 multi-sig wallet for a company, so that a majority of the executives were necessary but the money wouldn't be lost if up to 4 of them lost their keys or went rogue or whatever.