On 16 May 2016 at 23:58, Christopher Allen <ChristopherA@blockstream.com>
wrote:
>
>
> On Mon, May 16, 2016 at 4:41 PM, Melvin Carvalho <melvincarvalho@gmail.com
> > wrote:
>
>> OK so you want to store public keys associated with an (unnamed)
>> identifier using a block chain. Such as namecoin, bitcoin or ethereum.
>>
>> This is already sounding like a bad idea.
>>
>
> No. We are not storing public keys on a blockchain. Read the white papers,
> or come to the design workshop.
>
That was the gist I got from section 4, I could be mistake, and I'd be
happy to be corrected. Some parts were kind of vague like how would
namecoin + blockshare be used.
>
>
>> Or is there some other block chain. Now what happens when it gets 51%
>> attacked? Or someone claims someone else's identifier.
>>
>> I store my public key on my homepage. Surely this is a HUGELY simpler,
>> cheaper and more secure way to do it?
>>
>
> If your public key is compromised, or you do prudent key rotation, using a
> key as an identifier is bad. Putting a public key on a web page is
> vulnerable to the centralities of domain systems.
>
If you call that a vulnerability, I would suggest this is not a practical
stance to take.
>
> — Christopher Allen
>
>