Post
Topic
Board Project Development
Merits 4 from 2 users
Re: [bip39.org] Open Source BIP39 Mnemonic Generator via Email and Password
by
o_e_l_e_o
on 18/08/2023, 08:40:00 UTC
⭐ Merited by pooya87 (2) ,LoyceV (2)
No offense, but I don't see the point of this at all.

With your system, the user needs to back up an email address or other ID, a password, one or more "additional phrases", and a nonce. The loss of any one of these results in loss of their seed phrase and their coins. How is this simpler than just backing up a 12 word seed phrase which was properly generated from dev/urandom?

Either they are backing up all that information on paper, in which case they should just back up a properly generated seed phrase, or they are relying on their memory for random strings, phrases, and numbers, which puts them at a very high risk of forgetting something and locking themselves out of their coins.