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What is a Brain Wallet?
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Topic: What is a Brain Wallet? (Read 538 times)
madcappp
(OP)
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What is a Brain Wallet?
November 20, 2013, 07:42:10 AM
#1
What is the difference between a Brain Wallet and a Paper Wallet?
PenAndPaper
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Re: What is a Brain Wallet?
November 20, 2013, 08:36:31 AM
#2
Paper wallets are when you keep your private keys in paper.
A brain wallet is when you create a private key (and thus an address) from a pass phrase. That way you only need the pass phrase to recreate the private key and use the coins from the address whenever you need to.
J35st3r
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Re: What is a Brain Wallet?
November 20, 2013, 09:41:48 AM
#3
Be careful with brain wallets. You need a
strong
passphrase or else your coin is at risk of being stolen by hackers. Strong passphrases are not easy to create (and even more difficult to remember without writing them down, which effectively makes it a paper wallet too).
Have a read of this thread
https://bitcointalk.org/index.php?topic=251037.0
1Jest66T6
Jw1gSVpvYpYLXR6qgnch6QYU1 NumberOfTheBeast ... go on, give it a try
hexdecode
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Re: What is a Brain Wallet?
November 20, 2013, 10:51:42 AM
#4
Brain wallets are a fun idea but for the most part your coins will get stolen if it's something you're likely to be able to remember. Also amnesia would make this suck.
u9y42
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Re: What is a Brain Wallet?
November 20, 2013, 01:05:53 PM
#5
Quote from: hexdecode on November 20, 2013, 10:51:42 AM
Also amnesia would make this suck.
Good point. : D
And there is always the risk of keyloggers and the like.
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