@memo what is your take on https://www.keyport.cash/? The do DM. Have you planned anything?
We've been talking about the need for private messaging on Memo. Separately - it's a tricky thing to put messages on a public blockchain and claim it's forever private.
Is there a way to send a text through BCH but not saved on the Blockchain? Something like Counterparty/Omni; secured by BCH but not stored on BCH itself if I understand correctly
You could store a hash of the message on-chain, so the tx would only verify a message, not store it. This way, if logs get leaked, they can be verified.
Well nothing is forever. ;) and to me it makes sense. You will protect your private key better. Of course old messages can not be deleted. But that is what it is for. Protect history.
Assuming only people with private key can decrypt the message, then the privacy can be kept. However i agreed, in case the private key is lost, there is no way to delete the old msgs.
Not just that. New developments could appear that may allow us to plausibly decrypt these messages. e.g. Older prime based algos with small keys are no longer used.
Yeah the public key cryptography that bitcoin uses would need to change, but so long as you don’t reuse addresses (like we all do with memo), they won’t be able to steal your money