Post
Topic
Board Bitcoin Discussion
Re: How can we expect "average Joe" to remember passphrases to his Bitcoins?
by
thebitcoinkiddo
on 03/05/2017, 08:20:31 UTC
It's something which seems crucial to me for reaching mass adoption (in addition to scalabilty of course...).
Already on this forum there is a shitload of people losing their Bitcoins by forgetting passphrases, the private keys, the dat file etc...
So I would like to know what technological solutions could be proposed for this problem.

To make a comparison, a lot of people are forgetting their credit card code (even if it's only 4 digits...) or losing the card and the centralized solution to this is the bank providing new card/code.

Which decentralized solutions to this problems could you think of?

Using other systems besides passphrases with a decentralized recovery option... Like having family store it with you. But that's also risky. Maybe something like a fingerprint, but just as unique but more secure would be good.