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https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0032.mediawi... I think the main advantage to a

by smokeyj 12y ago

https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0032.mediawi... I think the main advantage to a blockchain solution is the cryptographic verifiability. Not only is the accounting accurate, but the funds cannot be forged or hidden. Also the rules for managing funds can be programmatically encoded using a series of technologies such as multi-sig keys, pay-to-script-hashes, and HD Keys.

walterbell 12y ago
Thanks for the explanation and wallet pointer.
- smokeyj 12y ago
  No problem. Here's an open source implementation by bitpay https://copay.io https://copay.io using their open source framework http://bitcore.io http://bitcore.io This isn't pie in the sky tech. It's real and accessible from your mobile browser today. Pretty exciting times I think.
dragonwriter 12y ago
Funds can be hidden as soon as they are converted from bitcoin to other goods and services.