Majestic-milf (OP)
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June 12, 2022, 11:50:47 AM |
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There are so many wallets capable of storing or keeping BTC safe; some of these kinds are multisets and HD wallets. Although they are safe and all, a third party can encounter little challenges as it's quite difficult to crack or access due to the fact that the owner must have used a difficult passphrase. Now, with brain wallet, one will not need to worry about the above-mentioned hassles as it helps create a passphrase that can be relied on, and will not need an individual to create a wallet But in a situation where the owner loses his memory or cannot remember his passphrase, what then happens to his BTC?
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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ranochigo
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June 12, 2022, 12:09:07 PM |
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No. Humans are naturally not good at creating complex and secure passphrase. More often than not, you end up creating addresses with poor entropy. If you need an easy way to remember the passphrase, then you can just use a wallet with a mnemonic. The generation of mnemonic is secure with a good entropy.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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Charles-Tim
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June 12, 2022, 12:11:21 PM |
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One of the most unsafe means to generate a wallet is by using brain wallet. The best is to just generate HD wallet on an airgapped device and use it for the purpose of cold storage. Only what you need to do it to securely backup your seed phrase.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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LoyceV
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June 12, 2022, 12:13:19 PM |
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Now, with brain wallet, one will not need to worry about the above-mentioned hassles as it helps create a passphrase that can be relied on, and will not need an individual to create a wallet See: Collection of 18.509 found and used Brainwallets. But in a situation where the owner loses his memory or cannot remember his passphrase, what then happens to his BTC? Nothing. If you lose access, it's no longer your Bitcoin and it will stay unspent until the end of time.
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kaggie
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June 12, 2022, 12:29:00 PM Last edit: June 12, 2022, 01:35:28 PM by kaggie |
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Brain wallets are terrible. What happens if you forget the important details to it, even if you think you'll remember it? You might think you can remember the simplest thing, but it's a pretty big risk. The advantage of brain wallets is that you can combine them with commonly used algorithms to store your data in an uncommon fashion, like by storing parts of your brain wallet at relatives' houses. Some of those were clearly not intended to be real stores of wealth, considering two passphrases were "the" and "wallet". That raises interesting questions about property rights if the original owners and the receivers were fully identifiable, with nearly all outcomes being entirely unenforceable. But in a situation where the owner loses his memory or cannot remember his passphrase, what then happens to his BTC? Nothing. If you lose access, it's no longer your Bitcoin and it will stay unspent until the end of time. At least until serious quantum computing or new breaking algorithms come along, which may be decades, centuries, or millennia from now, if ever.
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Zilon
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June 12, 2022, 01:28:10 PM Last edit: June 15, 2022, 02:37:30 PM by Zilon |
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How reliable is the human brain in storing passphrase to be frank it is very poor in regards to this, but there are situation where they only option left to keep your coin safe is to have a brain wall especially during wars and environmental hazards where people seek refuge in other countries without any property except the cloth the put on.
while you depend on Brain wallet it is still good to have HD wallet for backup and best to store this passphrases in a mobile friendly means incase of casualties. E.g metal plates or steel
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Welsh
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June 12, 2022, 01:57:27 PM |
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There's been debate through the years, and some users have even run some challenges to try, and prove that they can be secure. However, generally brain wallets introduce additional risks, which if you aren't aware of could potentially compromise you. Plus, as suggested humans are generally absolutely horrible at entropy. We tend to think similarly, and follow patterns. It's very much what makes us human. Most living things have patterns. The above challenge was never claimed, however this is a rather flawed challenge since we don't know exactly how it was generated. The question isn't about are brain wallets inherently insecure, it's more the human factor when it comes to generating the entropy. LoyceV, has a nice little thread there that demonstrates this weakness. So, even if you believe you've made a completely random password, it likely isn't. Our thought processes are flawed for entropy. Computer generation of entropy is almost always better.
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o_e_l_e_o
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Other answers above have told you just how insecure brain wallets are and how humans are a terrible source of entropy. Now, even if you were to generate a properly secure BIP39 seed phrase, here is why you should write it down and not try to remember it. Each year: 69 million traumatic brain injuries: https://pubmed.ncbi.nlm.nih.gov/29701556/12 million strokes: https://www.world-stroke.org/assets/downloads/WSO_Global_Stroke_Fact_Sheet.pdf10 million new diagnoses of dementia: https://www.who.int/news-room/fact-sheets/detail/dementia5 million new diagnoses of epilepsy: https://www.who.int/news-room/fact-sheets/detail/epilepsy2.5 million cases of meningitis: https://www.path.org/articles/toward-world-without-meningitis/2 million new brain tumors: https://academic.oup.com/noa/article/3/1/vdaa178/60433151.5 million cases of encephalitis: https://www.sciencedirect.com/science/article/pii/S0163445322002110That's each year, and that's only major conditions which directly affect the brain. Add in things like cardiac arrest, heart disease, sepsis, shock, diabetes, vascular injury, hemorrhage, poisoning, smoke inhalation, etc., all of which can cause secondary brain injury, and there are literally hundreds of millions of people every single year who suffer some form of insult to their brain which can lead to memory problems. Do you want to trust all your coins to those odds? I know I don't.
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LoyceV
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69 million traumatic brain injuries Brain wallet: 12N2L3T1tt6adzL4iAXGtcCznKaB3u1rnC 12 million strokes 15CnpSrcL1Lqa5YpgwHGYtmmXBYodbzWGx 10 million new diagnoses of dementia 1DHxTbwDFqryVn6VZSizE21JBJ4Cw9JW3 5 million new diagnoses of epilepsy 1M3qaaWyYQRwFzrcF3fNE2qwCQP1sZ6uoP It would be really nice of some of the brain wallet hunters would comment here: would the above phrases pop up in your dictionary search? I'm pretty sure some of them would have found it if any of those addresses had any funds. Do you want to trust all your coins to those odds? I know I don't. The balance between "not losing access" and "preventing someone else from gaining access" is still something I'm not entirely comfortable with when it comes to crypto. That applies to brain wallets, backups and written down seed phrases.
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ranochigo
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June 12, 2022, 06:08:30 PM |
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I think that it is still important to acknowledge that the brainwallet implementation was inherently flawed with a fairly weak KDF that resulted in an extremely fast bruteforce and balance checking which resulted in very efficient and effective implementations like Brainflyer to exist. Which accounts for this impression that brainwallet simply doesn't work. However, more recent implementations uses a far slower and intensive algorithm which limits the effectiveness of the bruteforce as it would require either high memory intensity or resources. In addition, salt is mandatory in most implementations which makes for an additional round of protection. Fact is, while such algorithms cannot beat the entropy of your OS, you'll still have a fairly decent security as any attempts would be far more than a generic bruteforce but they would also have to take into account the salt, which is personalized and unique. Caveat being both your phrases as well as your salt has to be unique and sophisticated enough.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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o_e_l_e_o
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It would be really nice of some of the brain wallet hunters would comment here: would the above phrases pop up in your dictionary search? It would not surprise me in the slightest if someone out there was pulling every post made on this forum or other popular bitcoin communities and trying every phrase or sentence in a brainwallet generator. Even if not, the four quotes you gave are all compromised of a low number of English words. Even a brainwallet generator just randomly brute forcing combinations of English dictionary words would find them before long. I have no idea what the benchmarks for something like Brianflayer are, but as ranochigo points out, a single SHA256 function (and then the usual steps to go from private key to address) is not exactly resource intensive.
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Welsh
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June 12, 2022, 09:00:40 PM |
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It would be really nice of some of the brain wallet hunters would comment here: would the above phrases pop up in your dictionary search? I'm pretty sure some of them would have found it if any of those addresses had any funds.
It would have been quite something if you did find one, since that would've cemented the idea into users minds that, even if you aren't looking for someone else's brain wallet, you might accidentally stumble upon it like this discussion, which is a bit of a outlier no doubt, but I could see someone thinking "that's pretty random", of course its not, anything you derive from something you've read is in fact, not random, but I can see how someone might come to that conclusion. Do you want to trust all your coins to those odds? I know I don't.
Not many people think about what could happen to them that's out of their hands. Most users here probably don't have a inheritance plan, and simply forgetting or god forbid worse ill health, is a legitimate concern. People have had accidents, and didn't even know his own family, but even if it's not to that extent. Going through a traumatic experience means you could lower the priority of remembering your seed or private key, which ultimately has the same effect.
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philipma1957
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There are so many wallets capable of storing or keeping BTC safe; some of these kinds are multisets and HD wallets. Although they are safe and all, a third party can encounter little challenges as it's quite difficult to crack or access due to the fact that the owner must have used a difficult passphrase. Now, with brain wallet, one will not need to worry about the above-mentioned hassles as it helps create a passphrase that can be relied on, and will not need an individual to create a wallet But in a situation where the owner loses his memory or cannot remember his passphrase, what then happens to his BTC?
I do love your name choice. Back to thread. Yes if you don’t care about losing the coins is the correct answer. Since it is only contained in your brain 🧠 your brain and my brain and all of humanity’s brains are easily broken and you can also forget anything you remember . For example 1st grade teacher name ? forgot 2nd grade teacher ? Mrs De Pace 3rd grade teacher? forgot 4th grade teacher? forgot 5th grade teacher? forgot 6th grade teacher? forgot but the 5th was the same as the 6th 7th grade teacher? mr paratore 8th grade teacher? sister francine so I am 3 for 8 granted I am covering 1962 to 1970 time frame but those are what I remember okay phone numbers 212 835 8851 same time 718 835 8851 say 1972 to 1987 when house was sold. when i got married and move to an apartment in 1986 I have zero Idea 💡 what that number was. I can give endless examples of memory failure for most anyone. With out looking back what is the second sentence in this post? I wrote it and iirc i wrote. back to the op. and a fail as it was : Back to thread. The list of forgettable things gets bigger as you get older. I am 65 and fully aware that I forget various things at various times. oh how about this. California Hawaii Philippines Diego Garcia Mauritius Australia Hawaii California That list of places covers a Navy Trip I did in 1979 to 1980 and I also remember each city port we sailed into and out of.
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LoyceV
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June 13, 2022, 05:31:05 AM |
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For example 1st grade teacher name ? forgot 2nd grade teacher ? Mrs De Pace 3rd grade teacher? forgot 4th grade teacher? forgot 5th grade teacher? forgot That's why a much more difficult to brute-force system is so much better: there's less to remember for the same security. However, more recent implementations uses a far slower and intensive algorithm which limits the effectiveness of the bruteforce as it would require either high memory intensity or resources. In addition, salt is mandatory in most implementations which makes for an additional round of protection. You could add a "salt" to a "normal" brain wallet: after your password, add for instance your real name. That makes it impossible to brute-force it together with all other brain wallet users out there.
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ranochigo
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June 13, 2022, 05:44:02 AM |
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You could add a "salt" to a "normal" brain wallet: after your password, add for instance your real name. That makes it impossible to brute-force it together with all other brain wallet users out there.
Not exactly. Adding a salt is not enough if your algorithm is naturally fast and weak; reaching your specific permutation would likely just be a matter of time (albeit longer, but still easier than other algorithms because hashing SHA256 is not really that difficult). Regardless, that is not what I'm advocating for and while it does make for a difference in the difficulty, it does not, by any means make it expensive or impossible to crack. Instead, what I'm advocating for is to use Brainwallet with a resource intensive KDF and salted. Doing this gives you the best chances; it is far, far slower to crack if it is memory-hard and it makes more sense to go through dictionary or known wordlists in that case with common salt permutations. When compared to the original brainwallet, the choice would be a no-brainer.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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NotATether
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June 13, 2022, 05:54:41 AM |
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It would be really nice of some of the brain wallet hunters would comment here: would the above phrases pop up in your dictionary search? I'm pretty sure some of them would have found it if any of those addresses had any funds.
Those phrases look like something you'd harvest from a news article. Since I'm not aware of any scrapers for harvesting phrases from news articles to build a dictionary out of, it is extremely unlikely to find any funds in such a wallet. But that doesn't waive my general dislike for brainwallets anyway (not standardized, easy to lose access to the tool used to make them, or even to use a compromised tool).
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. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
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o_e_l_e_o
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June 13, 2022, 09:22:11 AM |
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Since I'm not aware of any scrapers for harvesting phrases from news articles to build a dictionary out of, it is extremely unlikely to find any funds in such a wallet. I wouldn't be so sure. We know that there are plenty of bots out there constantly adding more and more private keys and addresses to their databases of cracked brain wallets, just waiting for coins to steal. Some fairly unlikely words and phrases have not only been turned in to brainwallets but have subsequently been cracked. For example: Song lyrics - "voulezvouscoucheravecmoicesoir" - 13Rq3HxwJwHzcGK8TQE4MnK9CezazLG55tBook quotes - "Down the Rabbit-Hole" - 1PYgfSouGGDkrMfLs6AYmwDqMLiVrCLfeSMovie quotes - "Zed's dead baby. Zed's dead." - 12dyYjCxWzSJg7p8mpS3t7PhsL7Btb2rPBInternet quotes - "correct horse battery staple" - 1JwSSubhmg6iPtRjtyqhUYYH7bZg3Lfy1TReligious quotes - "gate gate paragate parasamgate bodhi svaha" - 1N8gLjZEhRxLRRjg8ymS6Zez8KVegEKtb1Non English phrases - "que me lleve la muerte" - 1K9xaDfABruMHrvWtJ3DWPu1q3XTr5wxUSAnd these are just the ones which are in the public domain. It is certain that there are bots out there with millions more similar examples which we don't know about. You should assume that if a phrase or sentence appears somewhere online, then at some point some bot will check if it is a brainwallet.
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Majestic-milf (OP)
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June 15, 2022, 02:34:30 PM |
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while you depend on Brain wallet it is still good to have HD wallet for backup and best to store this passphrases in a mobile friendly means incase of casualties
I know these HD wallets can be reliable but then what ever has its advantages has its disadvantages as well and in a situation where one chooses seed phrases that are hard to memorize, what do you advise he does if the wallet is stolen or lost .
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LoyceV
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Thick-Skinned Gang Leader and Golden Feather 2021
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June 15, 2022, 02:43:19 PM |
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in a situation where one chooses seed phrases that are hard to memorize, what do you advise he does if the wallet is stolen or lost . If you don't trust your memory: write down your seed phrase. If it gets stolen: you lose your money. If you lose the last copy of your wallet: you lose your money. "Be your own bank" comes with responsibilities.
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hosseinimr93
Legendary
Online
Activity: 2380
Merit: 5235
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June 15, 2022, 02:47:17 PM |
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I know these HD wallets can be reliable but then what ever has its advantages has its disadvantages as well and in a situation where one chooses seed phrases that are hard to memorize, what do you advise he does if the wallet is stolen or lost .
You should have multiple copies of the seed phrase and keep them in different secure places. For more safety, you can use a metal sheet for backing up the seed phrase. You can also create a multi-signature wallet. For example, you can have a 2 of 3 multi-signature wallet. In this way, you will have three seed phrases and need only two of them for signing transactions. Even if one of the seed phrase is stolen, the thief can't steal your bitcoin.
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