26 Jul '12, 5am

Proposal for security standards in #bitcoin exchange sites and online wallets.

Someday, enough money will be stolen that the Bitcoin community will consider using public key cryptography that was invented back in the 70s. Proposal for Security Standards for Bitcoin Exchanges (and any other "centralized" storage of people's money) Everyone: please add your own security proposals to this thread. :-) -- NO passwords should be stored on server OR client side. -- No client-side passwords should be used on the server side at all (hashed or not.) -- ALL transaction requests must be digitally signed on the client side. -- All transaction receipts must be server-signed (and must contain a copy of the original client-signed request.) This prevents the server from forging any of your transactions. -- Receipt should prove the current balance, and the newest receipt is always the winner in any dispute. (Meaning the receipt IS the account.) This prevents the serve...

Full article: https://bitcointalk.org/index.php?topic=95745.0

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