3 ms·
This sucks, but there's a bunch of things in the pipeline that promise to vastly improve the state of Bitcoin security. There was a really interesting talk tod
by tlrobinson 13y ago
This sucks, but there's a bunch of things in the pipeline that promise to vastly improve the state of Bitcoin security.
There was a really interesting talk today at the Texas Bitcoin Conference by Ryan Singer of Crypto Corp (https://cryptocorp.co/ https://cryptocorp.co/) about "hierarchical deterministic multisig" (HDM) wallets: https://cryptocorp.co/technology.htm https://cryptocorp.co/technology.htm
Even exchanges can make use of this sort of technology to avoid holding customer funds for longer than absolutely necessary.
I think we'll start to see a migration to these sort of systems this year. Hopefully there will be increasing competitive pressure on services to implement safeguards like this.