Podknife - A Paper Computer for Bitcoin? Codex32 with Andrew Poelstra (SLP506) by Stephan Livera Podcast

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A Paper Computer for Bitcoin? Codex32 with Andrew Poelstra (SLP506)

Podcast |: Stephan Livera Podcast
Publisher |: Stephan Livera
Media Type |: audio
Podknife tags |: Bitcoin,; Business,; Cryptocurrency,; Interview,; Investing,; Technology
Categories Via RSS |: Technology
Publication Date |: Aug 27, 2023
Episode Duration |: 01:00:54

A ‘paper computer’ for Bitcoin checksums and Shamir Secret Sharing may seem absurd, but that’s what we’re talking about in this episode! This project is a scheme to generate, encode, checksum, split and recover Bitcoin secret keys, using pencil, paper and lookup tables (alternately, volvelles). We discuss codex32 and the motivation behind it with Andrew Poelstra (Director of Research, Blockstream). Note this is the first of a two part episode. In this first part we discuss:

Bitcoin private keys today
Multi signature and Shamir Secret Sharing contrasted
Where to keep shards or keys
Error correction
Risks with Hardware wallets (even though you should still use them)
BIP39 vs codex32
Limitations of the paper computer (Volvelles)

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