Comment on Is the blockchain an interesting innovation, aside from cryptocurrencies ?

• dragontamer@lemmy.world ⁨11⁩ ⁨months⁩ ago

  Oh really, wallet hardware companies are publishing the hmac and algorithm used to go from passphrase to private key?

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  • manitcor@lemmy.intai.tech ⁨11⁩ ⁨months⁩ ago

    there are opensource wallets, the standard is called BIP39

    im not sure if any of the hardware providers are doing it though

    im still not sure what you are getting at, if you are suggesting I somehow trust hardware cold wallet providers, I dont, does not mean Im not stuck using the tools.

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    • dragontamer@lemmy.world ⁨11⁩ ⁨months⁩ ago

      if you are suggesting I somehow trust hardware cold wallet providers, I dont

      I’m saying there’s an obvious solution to anyone who has passed a cryptography 101 course here.

      PKI private keys are randomly generated prime numbers and/or ellipitcal curve numbers (depending on algorithm). Either way, that random number generator needs a seed, and that seed can be based off of the passphrase. BIP39 isn’t the whole solution, that’s just a way to turn long-strings of alpha-numeric characters into binary data.

      My overall point is that there’s a blatantly obvious, simple solution to the hardware wallet problem. I brought it up because its not a hard crypto-problem to solve. The fact that there’s no adequate solution in 15 years is a failure of the cryptocoin community. Not due to a failure of basic cryptography problems.

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