Post
Topic
Board Bitcoin Discussion
Re: So BIP-38 Encrypted Paper Wallet = Most Secure?
by
empoweoqwj
on 07/01/2014, 05:50:36 UTC
A brain wallet and an encrypted paper wallet have the same problem. If you die and no one knows your password, the BTC are lost forever. Unencrypted wallets stored securely in your home are adequate for 99% of people. We're usually pretty good at securing things physically.

Just look at Schumacher's accident, which is potentially a life changing event for him and his family. Having his key only in his brain may mean his BTC are lost for ever. But having a plain copy in the safe is a different story.

I agree, plain keys in a physical security is going to be just as safe and much more reliable.

Are you saying Schumacher has bitcoins?