New Wallet Service: brainwallet.io

[OROBTC]

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I tried it out last night.  Both by putting in eight passwords and some "salt" as well as a photo I had taken (not on the Internet anywhere).

brainwallet.io

I was impressed.  His code is at GitHub for programmers to see & check (which I cannot as I cannot program).

People who know a lot about private keys (and relevant) are more than welcome to comment, as I am not in a position to recommend out how robust his encryption (re making wallets securely) is.


Pro Tip for beginners (like me): Make a small donation to him, and he will explain things...  

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[AtteJ]

I've heard that brainwallets are rather easy to bruteforce. If some people use words like mycat123.

[dserrano5]

a photo I had taken (not on the Internet anywhere).

Well, now it's on the internet somewhere. Can't you do a sha256sum of it locally? Do you really need to surrender the image to a 3rd party?

[OROBTC]

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AtteJ

Use foreign words with a misspelling.  Or words you made up when you were a kid.  Or a product code from your business.  The middle name of your g/f (b/f) in high school.  Etc.  The site has an option for "salting", apparently that makes it harder for anyone else to decrypt.


dserrano

I am not enough of an expert (not close) to adequately reply.  IIRC the site says that your browser runs the scrypt, but, hey I don't know.  I don't care about the image, it's a prairie dog...  Or can just use passwords as just above.

[AtteJ]

Surely when informed people create passwords they are reliable but as bitcoin becomes mainstream, more people who have no knowledge of creating password will get bruteforced.

[Financisto]

Project's main thread: https://bitcointalk.org/index.php?topic=1160038.0