A place for talking about the Ethereum Virtual Machine on Farcaster.

Blockchain is the first cryptographic system where keys are NOT rotated and we call this a feature 😅

I have to say that Bitcoin was right about this

Unfortunately the Account model is very different to UTXO 

Much harder to do key rotation per transaction

Unless we migrate everyone to Smart Accounts using “session keys”

Early on in Bitcoin land, any time you received coins it would roll some totally new keys for you, and the UX heavily discouraged address re-use. Keys would sort of rotate themselves.

Satohi had already been gone a year when HD wallets were invented for the sake of convenience, putting everything behind the same seed.

true, though worth noting that blockchain has a unix-like "fail noisily and as soon as possible" approach to this by making the audit logs public.

Yeah, this whispers in the back of the opssec/comsec/secops side of my brain.

PGP didn’t rotate keys. When building did:ion that was a core component of the system design. Keep a stable identifier with the ability to rotate keys. However to rotate keys would have required a bitcoin txn (that could be batched). No users on did:ion. With ENS you can change manager (more expensive)