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authorJeff Garzik <jgarzik@bitpay.com>2014-07-15 04:00:41 -0400
committerbitcoindev <bitcoindev@gnusha.org>2014-07-15 08:01:10 +0000
commit4214112b723abe00adb96260b7a7dfbd1ca4ed5e (patch)
treec4e12c67a01b71aa888dd3d8a3f66fa048f38668
parent414fb1732b1f7bc228d633d9fa000fe998ccad87 (diff)
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[Bitcoin-development] Bitcoin address TTL & key expiration?
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+From: Jeff Garzik <jgarzik@bitpay.com>
+Date: Tue, 15 Jul 2014 04:00:41 -0400
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+Subject: [Bitcoin-development] Bitcoin address TTL & key expiration?
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+
+Proxying another's idea, from CoinSummit.
+
+The request: It would be useful to limit the lifetime of a bitcoin
+address. Intentionally prevent (somehow) bitcoins being sent to a
+pubkey/pkh after the key expires.
+
+You could append "don't ["permit"|confirm] after X [time|block]" to
+the address I suppose. The metadata would not be digitally signed,
+but it would be hash-sealed. As "address" is a client-side notion,
+wallet clients would be the ones enforcing such a rule.
+
+Bitcoin protocol of course knows about keys, and key expiration is a
+well known and useful concept in public key cryptography. The best
+insertion point in the protocol for key expiration is an open
+question, if it's even a good idea at that level at all. Some flag
+"no more TxOuts exactly like this [after X block?]"?
+
+I readily admit I don't have good answers, but it does seem valuable IMO to
+* Prevent users from accidentally sending to an "expired" TxOut/pkh.
+This happens in the field.
+* Discourage address reuse
+* Enable sites that generate lots of keys to rotate ancient keys off
+their core systems. (HD wallets mitigate this)
+
+--
+Jeff Garzik
+Bitcoin core developer and open source evangelist
+BitPay, Inc. https://bitpay.com/
+
+