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Author Topic: Finger print alternative way to private keys for Bitcoin Wallet recovery.  (Read 231 times)
NeuroticFish
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April 16, 2022, 10:53:15 AM
 #21

During 2020 I have a  friend who had 1.372 BTC he purchased in 2017 at the price of $750 per btc
 in  a wallet he lost access to the keys during 2020 ATH.and he was unable to recover the funds.

A properly made wallet take security serious. This means that having seed based on biometric is not an option. (Fingerprint can be copied from any surface he touched; wallet access can be lost if one gets his finger cut, burned or even wet! That's not security.)
I don't see any good reason to make the wallet less safe for everybody just because a few people don't think far enough to secure properly their wallet seed.

So I agree with the rest. Bad idea. Sorry.

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xSkylarx
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April 16, 2022, 11:40:34 AM
 #22

I thought at first it was a good idea, but when reading the replies on the thread, it is another problem. As you can see in movies, anything you touch can be duplicated your fingerprint. It is now more prone to being hacked because you are always touching things. The other problem was the device. I am sure that this would cost more, so you'll need to buy and upgrade your device. As others stated, the best solution is to keep it secure and be very cautious. That alone can solve the problem of being hacked.
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April 16, 2022, 11:47:19 AM
 #23



Reading at the many responses to this post and having weigh the whole idea, I think this is just adding another clutter and would not be serving us well. I am inclined to say that if we can safeguard the seed phrase then there is nothing really to worry - except, of course, if it is true that Quantum Computing can break the code successfully then maybe we need an alternative but for now I don't see the need to add fingerprints for security purposes.

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Doan9269
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April 16, 2022, 12:16:48 PM
 #24

1 • Are we going to live with such condition that whomever lost access to his keys has forever loose the wallet?

The answer is yes since the fault is on user's inability to maintain the safety to his keys, remember not your keys is equivalent to not your coins, take a look at the scenario even in dealing with fiat, if you're unable to give an accurate signature to your bank account you can't claim anything being there, there are many ways one can secure the keys without having any controversial issue, firstly, have a duplicate copy of your keys in such away that only you can have access to it, one can as well store on a metalic sheet encrypted and encoded, we have other online means such as "Shamir keep my keys" tutorials and follow their procedures as well.

I see to advise in the use of an offline Hardware wallets, this gives you total control over your coins because its an open source and you stand in gap to be fully responsible for your wallet security.

2 • Isn't there gonna be alternative way to restoring our private keys?

I will recommend you with this Securing Your Seed Phrase with Washers i think you will have a good encounter on it.

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jostorres
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April 16, 2022, 06:55:51 PM
 #25

If someone gets the phrase, nothing will stop this person from getting the money, I believe. Because one can just go with the seed phrase to Electrum, and recover the wallet. So additional measures are not very helpful this way. It's possible to set a password, set a 2FA, etc., but I don't think it helps, ultimately. Moreover, if someone did make such measures unavoidable, it can lock one out of one's own wallet because of not having access to a phone with which the 2FA was set or forgetting the password. As for a fingerprint, not all devices allow this identification yet, so it can limit access to one's coins, but overall it might not be a bad idea. Then again, some here say fingerprint ID isn't as safe as it seems, so I'm not sure.
But not all are familiar with the seed phrases because it's only being used on cryptocurrencies but for finger print, it's being used anywhere and people are familiar with it. When they see that it only needs a fingerprint to access the wallet they can just wait for the target to fall asleep and then grab his finger to open the wallet.

A Fingerprint is easy for a crypto owner to access their accounts but it's also easy for the criminals to steal your wallet. For me I will still prefer the old way of accessing and recovering our wallets. It's not that hard but as long as you will keep your private keys on a place that you can remember for years.

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