Gary Rowe [ARCHIVE] on Nostr: 📅 Original date posted:2014-03-11 📝 Original message:Speaking from the MultiBit ...

📅 Original date posted:2014-03-11
📝 Original message:Speaking from the MultiBit perspective, all future protocol development
(with the exception of critical security and network compatibility fixes)
will be put into a HD wallet. Over time we want to see "MultiBit Classic"
gracefully retire and be fully superseded.

Right now, HD is not out there but there is a lot of work going on between
wallet developers to harmonise on HD implementation through BIP32/39. The
result of that work should see a significant migration away from random
private keys.

Thus it would appear likely that by the time this protocol sees widespread
use the presence of HD is likely to be rising fast or possibly dominant.

At MultiBit we anticipate a release of HD code within 2 months, with
private beta occurring within weeks. Trezor and Electrum may be earlier
than this. As far as I am aware both Hive and Haskoin are committed to HD.

If anyone wants early access to the alpha code, let me know and I'll make
the arrangements.


On 11 March 2014 14:44, Jeff Garzik <jgarzik at bitpay.com> wrote:

> (#include <rant.h>)
>
> Right now, HD is hot air. Let us end the pie-in-the-sky assumptions
> about how HD will save the day, with zero code to back it up. Bitcoin
> Wallet purportedly fails to rotate addresses, a privacy ugly, because
> of this Waiting For Godot situation. An attempt to add a simple,
> stateless RPC stalled because we are all Waiting For Godot, also:
> https://github.com/bitcoin/bitcoin/pull/3520
>
> Until the major user wallets and bitcoind have -basic- HD support, it
> is premature to build anything on top of HD. We really have no clue
> at this juncture how difficult will be the HD rollout.
>
> --
> Jeff Garzik
> Bitcoin core developer and open source evangelist
> BitPay, Inc. https://bitpay.com/
>
>
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