BTC_Behaviorist on Nostr: The memory technique used with Border Wallet is amazing, but a moments reflection on ...
The memory technique used with Border Wallet is amazing, but a moments reflection on the trade-offs makes me skeptical. Problems with Border Wallet:
1) It just substitutes having to keep track of a word list for having to store one's entropy grid. The entropy grid is unique to you. If lost, the memorized the pattern is useless. One can argue that this is a security feature, but it's still misleading to say that you have "memorized" the wallet. The 12 or 24 words would also be useless if the BIP39 word list was lost, but since that list is a public standard, individuals don't need to store it.
2) The current method requires you to create a new seed. If you already have a seed, you have to sweep your funds to the new wallet. This is problematic for those trying to keep their UTXOs private.
3) You have to trust a lot more software for generating the entropy grid.
4) The process of creating a Border Wallet, taken as whole, is unnecessarily more complicated than just memorizing words on paper. If you are struggling, it's likely because you trying to cram to many words in a single day. A few minutes of daily spaced practice will work better. Practicing in chunks of 8 and then 12 words also helps.
#Bitcoin
1) It just substitutes having to keep track of a word list for having to store one's entropy grid. The entropy grid is unique to you. If lost, the memorized the pattern is useless. One can argue that this is a security feature, but it's still misleading to say that you have "memorized" the wallet. The 12 or 24 words would also be useless if the BIP39 word list was lost, but since that list is a public standard, individuals don't need to store it.
2) The current method requires you to create a new seed. If you already have a seed, you have to sweep your funds to the new wallet. This is problematic for those trying to keep their UTXOs private.
3) You have to trust a lot more software for generating the entropy grid.
4) The process of creating a Border Wallet, taken as whole, is unnecessarily more complicated than just memorizing words on paper. If you are struggling, it's likely because you trying to cram to many words in a single day. A few minutes of daily spaced practice will work better. Practicing in chunks of 8 and then 12 words also helps.
#Bitcoin