h a l f b a k e r yI think this would be a great thing to not do.
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A website that will restore your lost bitcoin private key, upon
verified evidence that you are the authentic owner of that key.
Marked-For-Category (please tell me of a more appropriate
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How do you stop the site running away with your dosh? |
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Dang it pomloc, don't give away his business model! |
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The website allows you to store a series of questions and answers that it uses to generate an encryption key, client side. Things like birthday, public key, dog's name etc. |
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You enter your private key and it's encrypted using this key, still client side. |
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The website then uploads your questions, and encrypted key to its server (never seeing the answers or the private key). |
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To retrieve, it would present you with the list of questions and the encrypted key. |
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On the client side it would reconstruct the original private key using the answers given, along with the encrypted key it stored. |
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This way the site never has an unencrypted copy of the private key on its server. |
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I've no idea if this would actually work... and for me, encrypting the key using winzip then emailing myself might be easier. |
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Explicitly storing keys in a dedicated site is just inherently
weak. It's too tempting a target. |
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If outside hackers don't break it, then inside laziness or
blind points (we all have them) will leave things exposed.
Or, insiders get social-engineered to give away keys. |
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Just stuff your keys into the bottom of a JPG file, & upload
those files to any server, along with your other family
photos that no hacker would ever care about. |
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Security through obscurity. |
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Why not just store your Bitcoin keys in your LastPass
vault with the rest of your passwords? Strong client-side
encryption, cloud storage, multiple options
for multi-factor authentication. Seems perfect. |
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There's a book Microsoft put out in the 90's about computer
jokes. It had a guy wearing a big badge with the word
REAGAN, and the caption read: "Always wear your passwords
out in the open" |
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