Quote from: larry_vw_1955 on December 09, 2022, 01:56:25 AM

then it also serves to discourage people from legitimate uses of the wordlist such as flipping a coin or rolling dice to create their seed phrase.

It doesn't, because you can use a piece of software to calculate the checksum for you. You must use a piece of software to turn your seed phrase in to private keys and addresses - doing this by hand is simply not feasible. So requiring that same piece of software to also calculate your checksum for you brings zero additional risk.

Quote from: larry_vw_1955 on December 09, 2022, 01:56:25 AM

you didn't swap anything.
bc1qyt4n4qvg86y33qfa7zts0wa8kv6ls47kmuyw5e
bc1qyt4n4qvq86y33qfa7zts0wa8kv6ls47kmuyw5e

I think that proves my point perfectly. Grin

And the exact same character swap (g -> q) is easy to spot in the seed phrase in the word "ceilinq". Additionally, you can spot an error in a seed phrase like this without having the original to compare to. With an address, if you have no original to compare to then you can't spot anything at all.

Quote from: bkelly13 on December 09, 2022, 04:36:53 AM

If I were to have my cold wallet stolen, or if I were to steal one, what is the possibility of selecting seed words at random and gaining access.

If your plan is to randomly guess the seed phrase, then you don't need to steal the hardware wallet first. Just start generating seed phrases and checking for a balance, but note that the Earth will become uninhabitable by the dying sun expanding to a red giant long before you find a collision with any wallet, let alone a specific one.

Quote from: bkelly13 on December 09, 2022, 04:36:53 AM

With a library of 2048 seeds, presuming repeats are not allowed

Repeats are allowed. Provided your seed phrase was generated properly, then there is around a 1 in 31 chance of a repeated word in a 12 word seed phrase, and a 1 in 8 chance in a 24 word seed phrase.