Post
Topic
Board Development & Technical Discussion
Re: Create a seed from a selection of words
by
unamic
on 23/07/2023, 12:33:11 UTC
Keep in mind that security of revealed 24 words out of order is still not as high as security of a private key because you are revealing your entropy and 620,448,401,733,239,439,360,000 is 6e+23 whereas security of a bitcoin private key is 2128=3e+38.
I think one can feel secure till death or even after.

The normal user generates in his life maybe 10 addresses and not always the sum times the number of people who live in 100 years make it very unlikely.
Let's say all 8 billion people on the planet all generate 1,000 new addresses every second for the next 5 billion years non stop. After 5 billion years we will only have generated 0.00000000000000009% of all possible addresses.
This is so right! And I don't really understand why do some people think that because 2048 word list is public, it will be dangerous and unsafe, I just can't figure it out because they can mathematically prove that the probability of someone bruteforcing their wallet with positive result is so low that we can confidently say that it will never happen. At least one can create a new wallet and transfer coins every year but logically and mathematically, absolutely everyone is safe.

I really pray that one day people will never look for alternative methods of generating bitcoin seeds.

i also think you can do a new wallet from time to time but it also can be unsafe if you think there is a possibility, someone get the same phrase like you. there is a bigger possibility to get hacked if you use a hotwallet or a web3 wallet and infect it with ransomware. use a 24seed and make it as cold wallet. if you want to use the bitcoin for other stuff like collecting it, you can make a second wallet and use it as hot wallet.