Domain > tip.id

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DNS Resolutions

Date	IP Address
2025-02-08	174.138.46.7 (ClassC)

HTTP/1.1 200 OKServer: nginx/1.18.0 (Ubuntu)Date: Sun, 21 Jul 2024 16:52:25 GMTContent-Type: text/html; charsetutf-8Content-Length: 12109Last-Modified: Fri, 18 Nov 2022 09:26:53 GMTConnection: keep-al

!DOCTYPE html>html classlayout>  head>    meta charsetutf-8>    title>Throttled Identity Protocol (TIP)/title>    meta nameviewport contentwidthdevice-width, initial-scale1.0, maximum-scale1.0, user-scalable0 />    meta namedescription contentThrottled Identity Protocol (TIP) is a decentralized key derivation protocol, which allows people to obtain a strong secret key through a very simple passphrase, e.g. a six-digit PIN.>    link href/favicon.ico relshortcut icon typeimage/vnd.microsoft.icon />    style>      article {        max-width: 960px;        margin: 32px auto 64px;      }      h1 {        font-size: 2em;      }      img {        max-width: 100%;      }    /style>  /head>  body>    div>      article>        h1>Throttled Identity Protocol/h1>        p>Throttled Identity Protocol (TIP) is a decentralized key derivation protocol, which allows people to obtain a strong secret key through a very simple passphrase, e.g. a six-digit PIN./p>        h2>Mission and Overview/h2>        p>Along with the rising of Bitcoin and other cryptocurrencies, the saying not your keys, not your coins has become well-known. Thats true, very true and definitely true, thats the right and freedom Bitcoin has given people. Whoever can access the key can move the money, and nobody without the key is able to do that./p>        p>That said its better to manage your own Bitcoin private key than let your coins lie in some centralized exchanges. However, its admitted that key management requires superior skills, which most people lack. And the result is people who own their keys lose the coins permanently due to various accidents, and those who opened a Coinbase account years ago can still get back their assets easily./p>        p>The embarrassing result doesnt prove the security of centralized exchanges, yet exposes the drawbacks of key management. The key grants people the right to truly own their properties, but people lose money due to poor key management skills. People should not be blamed for that, its the problem of the key itself

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Domain > tip.id

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