On Mon, Nov 17, 2014 at 1:31 PM, Chris Pacia <ctpa...@gmail.com> wrote: > If users wishes to use stealth addresses with out of band communication, the > benefits of HD would largely be lost and they would be back to making > regular backups -- this time after every transaction rather than every 100.
That is inevitable for any wallet that offers any functionality beyond just maintaining a balance and the ability to send coins. In particular, anything that wishes to list previous transaction (with timestamps, history, metadata, messages sent using the payment protocol, ...) needs backups. What HD wallets (or any type of deterministic derivation scheme) offer is the fact that you can separate secret data and public data. You only need one safe backup of the master secret key - all the rest can at most result in privacy loss and not in lost coins. -- Pieter ------------------------------------------------------------------------------ Download BIRT iHub F-Type - The Free Enterprise-Grade BIRT Server from Actuate! Instantly Supercharge Your Business Reports and Dashboards with Interactivity, Sharing, Native Excel Exports, App Integration & more Get technology previously reserved for billion-dollar corporations, FREE http://pubads.g.doubleclick.net/gampad/clk?id=157005751&iu=/4140/ostg.clktrk _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
