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From: Matt Whitlock <bip@mattwhitlock.name>
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Date: Tue, 22 Apr 2014 04:43:45 -0400
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Cc: bitcoin-development <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Presenting a BIP for Shamir's Secret
Sharing of Bitcoin private keys
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On Tuesday, 22 April 2014, at 10:39 am, Jan M=C3=B8ller wrote:
> Necessary Shares =3D M+1, not a problem
>=20
> I would probably encode N-of-M in 1 byte as I don't see good use case=
s with
> more than 17 shares. Anyway, I am fine with it as it is.
I agree that M > 16 is probably not a viable use case for human beings,=
but machines would probably be able to make use of it. I, for one, wel=
come our new robot overlords.
Also, the byte that encodes M=E2=88=921 is optional, so if you're conce=
rned about space, you can omit it (and the checksum).
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