Bitcoin Forum

Bitcoinsarefree.com is a pretty new (I think) brainwallet generator, but what I like about it is that they give you a pre-generated passphrase if you want one, 14 characters, 7 letters and 7 numbers. According to the website this means it would take 48 thousand years for a hacker to get access to a wallet (although I'm not completely sure about this aspect).

Anyway, seems to be a nice new service, no coins stolen so far! But if you're going to get a wallet with them then obviously don't put huge amounts in a wallet as they are pretty new and we don't know if they are trustworthy or not!.

First post on bitcointalk, hope it was helpful.  :) BTC

password is generated server-side. 0/10

edit:
the passwords are also sent to the server to generate the address/private keys.

Do not use!

Yeah, that is a bit dodgy. I have an account with over 0.5BTC in it before I realised server-side but nothing taken. Test before you de-merit.

I was trying to think of something that rhymed with test but never mind. :)

I would never trust this

How about trial before denial? Lol.

I dunno about this site - seems like a likely way to lose some coin. Would seek alternatives before this.

You should always have your private keys generated on the client size (meaning by your computer/browser)

Another problem is that this kind of brainwallet will be difficult/impossible to memorize, forcing you to write it down, so you might as well use a paper wallet.

Anyone trusting a service that generates private keys on the server side will always risk that the service will steal your coins sometime in the future. Even if the coins are not stolen right away, they could be taken later to wait for the user to put more coins in the address, or for more people to start using the service.

Yeah obviously they will not take funds at first day.. but they can take funds whetever they want, when they are high on funds, etc.