Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: Big-brain self-custody solutions?
by
Plaguedeath
on 02/03/2023, 11:59:25 UTC
⭐ Merited by o_e_l_e_o (4)
It looks really complicated and brain wallet isn't safe because there's a risk where your might suffer brain injury when you're accidentally crash during driving or getting older. Here's the statistic where brain injury has higher chance could happen. You can teach your kids or someone you loved to access your wallet, but if the steps are really complicated, they might also forgot it due to multiple reasons of human error.

Other answers above have told you just how insecure brain wallets are and how humans are a terrible source of entropy. Now, even if you were to generate a properly secure BIP39 seed phrase, here is why you should write it down and not try to remember it.

Each year:

69 million traumatic brain injuries: https://pubmed.ncbi.nlm.nih.gov/29701556/
12 million strokes: https://www.world-stroke.org/assets/downloads/WSO_Global_Stroke_Fact_Sheet.pdf
10 million new diagnoses of dementia: https://www.who.int/news-room/fact-sheets/detail/dementia
5 million new diagnoses of epilepsy: https://www.who.int/news-room/fact-sheets/detail/epilepsy
2.5 million cases of meningitis: https://www.path.org/articles/toward-world-without-meningitis/
2 million new brain tumors: https://academic.oup.com/noa/article/3/1/vdaa178/6043315
1.5 million cases of encephalitis: https://www.sciencedirect.com/science/article/pii/S0163445322002110