Andrey on Nostr: Hey, here's a neat idea: What if there was a hardware device that could generate ...
Hey, here's a neat idea:
What if there was a hardware device that could generate different hash sums, like SHA-256 or SHA-512, and others, with added salt and iterations you can configure? Even better, what if this device could then use the generated hash as a seed to deterministically create a BIP39 mnemonic code (12/24 words)?
Think about it—you could easily memorize your seed and cross borders without carrying anything physical. For example, you could just remember something like "200 iterations of SHA-256 applied to the name of your childhood cat." Simple, right?
This could be the ultimate brain wallet. As long as you never input the information into any device connected to the internet—only using hardware wallets—you'd have a secure, portable, and nearly perfect way to safeguard your crypto. No need for complex multisigs nor third parties!
What do you think?
What if there was a hardware device that could generate different hash sums, like SHA-256 or SHA-512, and others, with added salt and iterations you can configure? Even better, what if this device could then use the generated hash as a seed to deterministically create a BIP39 mnemonic code (12/24 words)?
Think about it—you could easily memorize your seed and cross borders without carrying anything physical. For example, you could just remember something like "200 iterations of SHA-256 applied to the name of your childhood cat." Simple, right?
This could be the ultimate brain wallet. As long as you never input the information into any device connected to the internet—only using hardware wallets—you'd have a secure, portable, and nearly perfect way to safeguard your crypto. No need for complex multisigs nor third parties!
What do you think?