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    Author Topic: Re-usable "Green" addresses carry extra risk: theft vulnerability  (Read 1215 times)
    Carlton Banks (OP)
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    November 15, 2013, 09:51:48 PM
     #1

    (the developers can confirm this, and they always bring it up when the issue of re-using addresses comes up)




    Every time you send from an address, you sign the transaction (using cryptography)

    Every time you send from the same address more than once, you're storing a different signature in the blockchain (each signature is unique to each transaction)

    The more signatures there are available for an address, it makes it easier to guess valid signatures to spend money from that address (the number of possibilities becomes smaller, the math behind this is proven)



    So, "Green" addresses are a security risk, and a major target for the determined cyber-thief. The list has to be public, so this "Green" list will be a ready made set of addresses for thieves to start trying to brute force. You might pay money in one day, then it'll be gone. You might stupidly pay more in, thinking "some mistake here!". That money will disappear too.

    Great way to make Bitcoin safer for the new or basic user? The total opposite. Oh well, the red-list will mop up the mess! Great idea guys, good job.

    Vires in numeris
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