Post
Topic
Board Bitcoin Discussion
Re: Why is the brain wallet not better than regular paper wallet?
by
rdluffy
on 26/08/2019, 23:51:27 UTC
If you write a seed phrase or words we can't consider it as brain wallet but a paper wallet because we can only call it brain wallet by memorizing the seed phrase. That is why Brain wallet is a bad idea. 12 to 24 words is not easy to memorize so having a hardware wallet is the best option without memorizing the seedphrase.

I think you just don't understand or confused about the concept of brain wallet.

You are right.  Thanks for correcting me on that.  I realize I don't have exact term for the way I am going to protect my BTC.  I don't like BTC paper wallet because of the possibility of losing it or it gets too damaged for me to read it.  I don't like hardware wallet because I cannot customize the seed phrase to what I want (Ledger Nano, ie).  

Now, here is my solution.  I can create a private key using 20 words.  And I can make the last 5 words something only I know.  I can email my family (and myself) the first 15 words.  Then, I can email them the clues of my last 5 words.  Of course, I have to do a damn good job that only the ones I fully trust know the answers.  So, I guess my method is 3/4 paper - 1/4 brain wallet?  

I would appreciate some feedback on this idea of mine.  

Do you really think is it worth to do all this effort, instead of just buy a hardware wallet because you want to customize?

The key here is safety, and for now the hardware wallets are one of the best methods available and it's simple