Gavin Andresen - 2011-08-15 14:59:10

Now, after having filled my target address B and amount of BTC in the "send" field of my client software, I am able to compose a message (=free text, like an SMS) and the client will encrypt this message with the public key of B (i.e. with the destination address) in the way that normally emails are encrypted with PGP public key mechanisms.

Bitcoin addresses are not public keys-- they are hashes of public keys (RIPE-MD-160 hash of the SHA256 hash of the public key, with a version number and checksum, to be annoyingly specific).

I agree that associating a message with a bitcoin transaction would be spiffy.