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Board Beginners & Help
Merits 12 from 6 users
Re: HACK IT! (a friendly challenge for the forum's experts)
by
bitmover
on 04/03/2022, 19:37:07 UTC
⭐ Merited by pooya87 (3) ,Welsh (3) ,DdmrDdmr (2) ,hosseinimr93 (2) ,Pmalek (1) ,vapourminer (1)
Neurotic Fish: I think your concerns are unfounded, but I do appreciate them. Seriously.   Smiley

Now, as promised, here's the explanation. And I will, while we're at it, explain the method to my madness.

The risk of me (or anybody) forgetting the method used to secure the seed is exactly the same as the risk of forgetting where you hid the seed phrase to begin with. The idea is to use a method you're very familiar with, so, short of having a stroke (I already had one, so it'd be my second. And I'm actively working not to repeat the experience) or any other health issue that would cause such memory loss, it'd be very difficult for that to happen. To achieve that, and after thinking long and hard about the whole problem, I decided to:

1. Use simple methods I've been using for a very long time.
2. Use language to my advantage.
3. Use a phrase I've known since I was a kid.

The phrase I posted above is the result of combining those methods:

You are overcomplicating things which are already complicated, and I fully agree with Neurotic Fish.

Technically, your funds are not more secure now then before, and they are less secure because you are more likely to lose them.

12-24 words method is secure enough. If you can't hide it from a thief inside your house, you should think about that and not about a complicated method which you can remember "easily".

Quote
"What if you forget or die, and your family can't access the funds?" Well, that could be easily solved by making your family memorize the securing method from the beginning, wouldn't it?
Meanwhile, what happens if a thief gets ahold of your unprotected seed words, and drains your funds? Then your family won't be able to access said funds regardless.

The problem here is that your family member probably won't remember it, or even care about this whole music coded stuff.
As it is very unlikely that you will accidentally die, you are asking for something very complicated for a family member that will most likely never do it (so he also won't put all effort you are demanding him in his "traning" to recover your funds)

This Family member will probably have to write down that music, your code, and the seed, all in the same piece of paper. That seed of paper is now bigger than before, and it is harder to hide from a thief.

Also, let's suppose you ask for your father/mother to recovery your funds in case you die. They are probably old now and will be much older in 10 years. Will they have a good memory to remember all your crazy code? It is already hard for an old family member to download electrum and insert a seed...



Having a family member to secure your funds is very important. Unless you are someone who is 100% alone in your life, most of us should share our seed with family members. All of us can die at anytime, and our sons/daugthers (or other important family member) might need those BTC.