Quote from: georgem on August 31, 2016, 05:54:25 PM

Quote from: rhinomonkey on August 31, 2016, 04:41:16 PM

Hey, I really appreciate that. I can't really think of anything, though. Just keep doing what you're doing! Cool

I had asked a while back if you were going to do an HD wallet, and it sounds like you are implementing that BIP. BIP 32?

If I can donate more I will. However, you can be sure of about that same amount/month for the next few months. Ideally until SNs are released. Then I think that $1+ per SPR will be very achievable. Wink

Yes, I am implementing...

BIP32 (Hierarchical Deterministic Wallets)

BIP39 (Mnemonic code for generating deterministic keys)

BIP44 (Multi-Account Hierarchy for Deterministic Wallets)

In more detail, BIP32 gives the basic functionality of a deterministic wallet.
BIP39 introduces a method with which you can memorize the 256 bit master seed by using words from a wordlist of 2048 words, see here for the english wordlist.
You can adequately represent a 256 bit key by using 24 words from this list, since 2048^24 is a slightly higher number than 2^256.
Using such wordlists is the prefered method of making a backup of a HD wallet. TREZOR uses this too. Those 24 words are the secret with which you can recreate all the billions of deterministic addresses that are derived from a master seed. So, keep them secret... keep them safe!

And finally BIP44 explains a method with which you can implement "accounts" on a single such master seed, so that you can forexample use separate accounts for separate altcoins with just this one master seed.

Pretty awesome stuff.

So why is your target only $1? It should be $10/SPR, which is just about enough for MrSpread to get a wife.