[Bitcoin-development] Presenting a BIP for Shamir's Secret Sharing of Bitcoin private keys

Matt Whitlock bip at mattwhitlock.name
Tue Apr 22 08:47:26 UTC 2014

On Tuesday, 22 April 2014, at 10:43 am, Tamas Blummer wrote:
> It is not about taste, but the fact that BIPs are used by many chains. 
> Alts are useful for at least for experiments, and I think that the notion of main and testnet is superseeded by a wide choice of chains.

There aren't enough distinct bytes to allow for every altcoin. I believe what they do is their own business and is outside the scope of a Bitcoin Improvement Proposal.

If your argument were valid, then we would also have to apply it to private keys. Why do we bother specifying a separate encoding for Bitcoin testnet private keys? There are so many altcoins, after all.

More information about the bitcoin-dev mailing list