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Are you able to please assist enhance my pondering on any of the beneath?
A crypto (e.g. bitcoin) personal secret’s a 256-bit quantity (a sequence of 256 digits which are all 0 or 1).
Personal keys are normally derived (by way of 1-way hash) from a randomly-generated 24-word Bitcoin BIP39 Mnemonic Seed Phrase (which is human readable).
Pattern seed phrase:
decade lobster engine jar matter life discussion board rule push keep slab guide fairly inflict future spare veteran voice biology drawback glass derive bind allow
The phrases all come from this checklist of two,048 phrases:
https://github.com/bitcoin/bips/blob/grasp/bip-0039/english.txt
Utilizing the two,048 glossary of BIP-39, when setting up a seed phrase, every phrase provides 11 bits of entropy to the phrase, making certain {that a} 24-word seed phrase comprises sufficient bits (264 bits) to securely encode a 256-bit personal key together with an 8-bit checksum.
One of many cool options of crypto is that wherever you might be, irrespective of which borders you stroll throughout, and irrespective of which firms are dominant on this planet, you’ve gotten management of property simply by way of your information of your personal key.
Most individuals (aside from these leaving their crypto on an alternate that holds their personal keys for them) use a {hardware} gadget like Ledger to handle their personal key(s), and for comfort they will entry it with only a brief memorizable PIN.
But when the {hardware} gadget will get misplaced or destroyed, that PIN is ineffective. The one strategy to “get well” your belongings is by way of the personal key (or a model of it, such because the 24-word seed phrase).
So individuals attempt to discover methods to again up that seed phrase, equivalent to utilizing https://cryptosteel.com/ after which burying it someplace personal or placing it in a secure deposit field.
However I think about that some (comparatively few, although) individuals need to memorize their seed phrase and have NO bodily or digital proof of it anyplace.
I by no means hear about anybody trying to memorize their ordered 24-word phrase.
It will be like making an attempt to memorize 24 2-word pairs, because you’re actually memorizing phrases plus their positions within the checklist.
Very tough to do when the phrases come randomly from an enormous checklist of all forms of phrases (nouns, verbs, adjectives, and so forth).
It will most likely require the talents of a world-record-holding memorization knowledgeable.
Speculation:
We might generate a extra memorable seed phrase if as a substitute of 24 2-word pairs we use 10 5-word phrases, so long as these phrases are extra visually and viscerally memorable (based mostly on some story you may make up for your self).
Impressed by https://genius.com/Christmas-songs-the-twelve-days-of-christmas-lyrics which is 12 3-word phrases (e.g. “5” “golden” “rings”, “4” “calling” “birds”, “3” “French” “hens”).
The method I’ve provide you with up to now is to consider your checklist of 10 as items that you just’re giving to 10 individuals.
The 5 phrase elements are:
- amount
- shade
- merchandise
- nationality of the recipient
- career of the recipient
Your “seed phrase” would then be very visible.
A device would create 10 labeled photographs for you.
The partial proof of idea beneath isn’t what it could truly appear like.
The 4th picture within the following instance would comprise 4 brass-colored icons of a drill, the Brazilian flag, and the icon for a coach.
It’s nonetheless formidable to memorize 10 5-word phrases, even with photos.
And most of us received’t even hassle making an attempt.
However I ponder if some individuals would possibly actually recognize this.
To get sufficient entropy, there are:
- 10 phrases
- 40 colours (the preferred ones)
- 400+ objects
- 137 nations (ones with highest GDP)
- 40 professions
Please let me know if there are any issues (safety or in any other case) with my method.
If individuals suppose this might be helpful, I can end constructing out what I’ve began and share it.
P.S. If "mind pockets" is outlined as a seed phrase that was determined by a human (reasonably than generated randomly with excessive entropy), this isn’t that.
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