[Bitcoin-development] New BIP32 structure

Luke-Jr luke at dashjr.org
Wed Apr 23 19:55:08 UTC 2014

On Wednesday, April 23, 2014 7:49:38 PM Pavol Rusnak wrote:
> On 04/23/2014 09:44 PM, Luke-Jr wrote:
> > Why do clients need to use the features in BIP 64? If Electrum doesn't
> > want to use accounts, then it can just use account 0 for everything.
> > Refund chains are
> As Andreas wrote earlier in this thread: "There is no "bare minimum".
> Either you implement the "BIP" fully or not."
> What you suggest does not follow the principle of least surprise.
> Suppose user imports his BIP64 compatible wallet into Electrum, which
> claims it is BIP64 compatible, but actually implements just a subset of
> the spec (sticking account index to 0). The user now sees just a
> fraction of his coins and is puzzled.

Any wallet should import all the coins just fine, it just wouldn't *use* any 
account other than 0. Remember addresses are used to receive bitcoins; once 
the UTXOs are in the wallet, they are no longer associated with the address or 
any other details of how they were received.


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