Re: [bitcoin-dev] Fortune Cookies to Bitcoin Seed

2019-03-06 Thread Trey Del Bonis via bitcoin-dev
>Mid-level hardware can check 50k addresses per second, which means it would >only take around 2 hours to check all possibilities. Yes that's a problem that I'm now realizing exists. Whoops! Changing the parameters to a 25-of-50 setup gets us ~129 bits in that case, which is better but still so

Re: [bitcoin-dev] Fortune Cookies to Bitcoin Seed

2019-03-06 Thread James MacWhyte via bitcoin-dev
On Tue, Mar 5, 2019 at 4:39 PM Trey Del Bonis via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Keeping 20 around is a little excessive but it gives 390700800 possible > wallets. So security can be trivially parameterized based on how secure you > want your wallet to be if someone

[bitcoin-dev] Fortune Cookies to Bitcoin Seed

2019-03-05 Thread Trey Del Bonis via bitcoin-dev
Hello all, This might be another proto-BIP similar to the post about using a card shuffle as a wallet seed that was posted here a few weeks back: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-February/016645.html This is an idea I had to deriving a wallet seed from the lucky number