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i'm very new to bitcoins (started learning it today). i hope i get the question right:

i understand when a transaction is created, using my private key i sign the transaction, but i also provide the public key with it right?

if so, what denies a man in the middle to take it, re-sign using his own private key, and provide his own public key?

  • regular https handles this issue using a root CA, which i understand doesn't exist in bitcoins concept
  • encryption is usually used using the public keys, to avoid someone else changing the transaction and re-encrypt it (as it doesn't have the private key to open the data)

so, i don't quite understand what makes it secure as the bitcoin wallet creates a data that is not encrypted, and anyone else can take this data, and alter whatever it wants before it leaves the network

thanks!

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In order for the transaction to be valid it has to have valid signatures from the public keys associated with the funds being transferred. It is regarded to be computationally unfeasible for a middleman to forge a signature if he does not possess the private key.

These signatures are specific to the transaction and ensure its integrity, i.e., if the transaction is modified (by replacing recipient, amount, ...) then the signature becomes invalid.

There is a small exception to the last point: a signature cannot ensure the integrity of the signature itself, hence we have some minor problems with transaction malleability in which the transaction signature can be modified, but not its effects.

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    Cant i sign the funds with my own private key instead of the original? – ArielB May 3 '16 at 5:45
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    The funds are associated with the owner's public key, not yours so any signature you provide does not authorized the Transfer. – cdecker May 3 '16 at 10:11
  • how? i understand that by spending the funds, you supply your unlocking script with the locking script (usually hash with the private key) - is this what makes it unchangable? also, besides the scripts, the transaction is signed by whole? – ArielB May 3 '16 at 12:53
  • Yes, the script attached to the output dictates which public keys are allowed to spend the funds, signatures by other private keys are invalid. Usually the signature signs the entire transaction, but that behavior can be fine tuned using the SIGHASH flags. – cdecker May 3 '16 at 14:00
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    i know, they were specified in the previous transaction, but the transaction wasn't broadcasted yet to any node, so, i'm still using Bob's unlock scripts, i'm just faking the part that he supposed to send the funds to alice - transferring them to me - isn't it similar to a malware that for example changes the address while user pastes it in his wallet? just instead of making the wallet software create the transaction with the new address, i'll "re-create" it with a created transaction? – ArielB May 8 '16 at 7:40
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This would not work because the man in the middle's public key would not hash to the bitcoin address that owns the coins.

What a man in the middle can do is perform a padding attack which has largely been compensated for, but caused a lot of problems when it first came out. See more here

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    Can you explain that in more details? – ArielB May 2 '16 at 20:04

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