Post
Topic
Board Bitcoin Discussion
Re: How can we expect "average Joe" to remember passphrases to his Bitcoins?
by
Viviyang
on 08/05/2017, 04:18:29 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?
The solution to this problem I can think of is that either you should not put any password on your bitcoin wallet or use a password manager to store your passwords at a single place.
And even if you still loose your password then I advise you to keep the wallet seed at a safe place as you can use it to retrieve your lost wallet.