Post
Topic
Board Service Discussion
Re: If you used Brainwallet.org - MUST READ! - Security Breach!
by
DeathAndTaxes
on 23/12/2013, 05:47:59 UTC
Whoever runs this site needs to shut it down now. It's negligent to do anything less.

I like to set up and fund brainwallet accounts for people I know who are new to bitcoin.  Then, all I have to do is give them the passphrase.

How else can I achieve this, without either 1) waiting for action from the recipient before I get an address to fund, or 2) having to associate an online account with an email address - which is either mine (the wrong one) or theirs (and they are tipped off about the gift)?

Paper wallet?  using a random (aka 256 bit of entropy) private key rather than some almost guaranteed to be bruted forced brainwallet scheme?

What a great way to introduce someone to Bitcoin, give them a brainwallet, later when it is worth a small  fortune they go to check on it and find out someone robbed it years ago.