Re:BitFinex down due to Bitcoin security breach - 120k BTC s...
by cloudjacker on Wednesday August 03, 2016 @10:14AM
(#12218011)
Yes that is a problem and it does involve trust.
Conceptually It can be alleviated with having the coins in multisig address where a third party creates one of the signing keys and the original thief retained one, and ideally the second recipient also had a third signing key. Still have the problem of getting the third signing key generated in a way that required no trust, in advance
Conceptually It can be alleviated with having the coins in multisig address where a third party creates one of the signing keys and the original thief retained one, and ideally the second recipient also had a third signing key. Still have the problem of getting the third signing key generated in a way that required no trust, in advance