Post
Topic
Board Development & Technical Discussion
Re: Why not make Bitcoin more Secure with a PIN and TAN System?
by
Mageant
on 05/07/2011, 13:12:45 UTC
it would be the same as ripping the private key out of the wallet, and write it down on paper, which can be stolen. 130 chars(hex-encoded). the used once private key feature you are suggesting are also useless, an attacker does not get any knowledge about the private key. only proof that you have it, and the transaction is valid.

It doesn't matter if a trojan find's out because there are no BTC on that private key. The user just has to make sure he doesn't reuse that private key.