Post
Topic
Board Bitcoin Discussion
Re: Gifting satoshis to future generations
by
slaman29
on 30/12/2019, 10:11:17 UTC
Why don't you just tell the kid when he grows up the 12/24 word mnemonics? Depending on how much money we are dealing here you can probably just remember the words.
You should absolutely not be trusting your memory, especially not over a period of 20 years. You can guarantee at no point in the next 20 years you will be knocked on the head, be in a car accident, have a stroke, or any of the other 100 things that can cause memory loss? I don't think so.

When you make the wallet, just pick a mnemonic where you can piece together a poem or story and just tell it to the kid its entire life.
This is equally bad advice. You should never "pick" a seed phrase. Humans are bad at being random, and anything you pick is therefore weak. Seed phrases should be generated by your wallet from your random seed number.

Memory is a difficult thing but if you teach 1 kid a rhyme of 12 words I am 100% sure he can remember it. Some things just stick with you the way ABC songs does. And if you can do it in a local language even better which is how I remember my mnemonics:) Use the local language version of it so even if international hackers try, they'll never even be able to bruteforce me;)