Re: [PRE-ANN] RecoveryCoin - Generalized ECDSA attacks for Bitcoin key recovery
Dear everyone,
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly.
Since this is an opensource project, and after reading your comments we have decided to change the direction a little bit.
The targets will not be e full Bitcoin public keys, but only their 8 leftmost bytes. So nothing will be robbed.
RecoveryCoin will have its value from indicating the strength of Bitcoin's keys against the potential network power, with probabilistic calculations.
Thank you very much for replying to this thread, however harshly.
Then what's the point. I don't get why you would want the first 8 bytes? What can you do with that?
You can measure how probable it is to crack a Bitcoin address. This is similar to "shares" in pooled mining.
But how does that make money for you or anyone else unless you take the btc in the address.
You serve the Bitcoin community by telling them when they have to switch to a bigger key size. So without RecoveryCoin, BTC holders might be at risk some day.
Still not following. Spell it out for me please.