Re: I REGAINED access to Bitcoins in my made-up brainwallet!
The reason I did this, was because I wanted to add heavy encryption to a brainwallet,
what does that even mean though? i don't think you're really encrypting anything. encryption is typically encrypting a final output. your final output is a clear private key.Quote
and at the same time avoid the brute-forcers who can attack all "standard" brainwallets at the same time.
Now, there's WarpWallet for that.
so why not use warpwallet then? its harder to brute force than your scheme. and now that you have published your scheme, so that the whole world can know, your bitcoin private key is more likely to be broken than someone using warpwallet.Now, there's WarpWallet for that.
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I did: I wrote down the steps, and that's not a weakness in the system. I've posted my steps here, it now serves as an additional backup of the steps I took, but doesn't help anyone to gain access to my coins.
it makes it more likely they will gain access to your coins than if you never published your "brainwallet algorithm". since according to you that's the only way they could come up with the same private key.Quote
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to get even more security why not iterate this entire procedure 10 times? taking the output of step 3 as the input to step 1.
If that would be necessary, they would have included 10 more rounds in the BIP38 protocol. Adding just one more character to the BIP38-passphrase adds much more "strength" than doing 10 rounds of encryption.