[Bitcoin-development] New BIP32 structure

Tamas Blummer tamas at bitsofproof.com
Wed Apr 23 20:04:35 UTC 2014

On 23.04.2014, at 22:02, Luke-Jr <luke at dashjr.org> wrote:

> On Wednesday, April 23, 2014 8:01:16 PM Tamas Blummer wrote:
>> On 23.04.2014, at 21:55, Luke-Jr <luke at dashjr.org> wrote:
>>> 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.
>> This is a bit idealistic.
>> The wallet has to know how it got the UTXO in order to be able to spend it.
> No it doesn't... Just the assigned scriptPubKey and secret(s) required to 
> satisfy it.

To know the secret it needs to know which key coordinate to use that is logically the same as knowing the address it used to receive it.
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