Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Dabs
on 14/08/2020, 01:02:40 UTC
You guys got the 12 word seed thing part wrong.

Short version:
12 words is like 128 bits (2048^12 = 2^132)
24 words is like 256 bits

Long version:
https://en.bitcoin.it/wiki/Seed_phrase
https://www.reddit.com/r/Bitcoin/comments/6twuj1/are_12word_seeds_for_bitcoin_private_keys_secure/


That's total entropy where you have no information about the key, but we're starting from a position where we already know the fragments and just need the order - a grossly reduced search space.

Well doh... seed phrase is supposed to be secure in the first place. It's essentially the private key to all your private keys, or whatever addresses correspond to that seed.

Keep that stainless steel bolt and nut safe.