Post
Topic
Board Development & Technical Discussion
Re: Practical ways to store a redeem script for a P2SH address
by
edmundedgar
on 03/02/2015, 22:53:29 UTC
If all parties use HD wallets, you can use HDM. Then you don't have to remember the public keys that were used because you can regenerate them.


In theory yes, but when multiple parties are involved you're at least going to need to store _something_ related to the other party, even if you've removed the need to store many things.

Deterministic wallets are actually making this problem more pressing, because if you already have to store and back up a bunch of random private keys then you presumably already have a process for storing and backing up new data, but nowadays people reasonably expect not to lose funds unless they lose their seed.