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With BTC that is pretty trivial thing to do... I think I saw guides already 8-9 years ago for that. Haven't really thought about it but I think it still works p
by spottybanana 6y ago
With BTC that is pretty trivial thing to do... I think I saw guides already 8-9 years ago for that. Haven't really thought about it but I think it still works pretty much the same. Google brainwallet.
- fossuser 6y agoTrivial for the average technical person like you and me maybe, but not so trivial for the non-technical person who's trying to escape X authoritarian country. Even for us the risk of messing up and losing all of your wealth makes it quite scary.
- spottybanana 6y agoWell, if you really need it there are much more incentives to learn it. I wouldn't really be good at explaining it since I don't have much motivation to even learn it myself, because I don't need it. I don't think the tendency to make mistakes related on the technical skill level, but to a lot of other factors. For example, those who will forget the passphrases are not those for whom it is important, but more for those for who BTC is more like fun side-bet. They have bought some, forgotten about it, and when they’ll actually see the rising price and try to cash out, they have forgot some password or how did they set up the wallet.
- WrtCdEvrydy 6y agobe aware most brainwallets are broken for today as most common passwords have been cracked and there is an upper limit (which clamps the maximum bits)