Are you able to please assist enhance my considering on any of the under?
A crypto (e.g. bitcoin) personal secret is a 256-bit quantity (a collection of 256 digits which are all 0 or 1).
Non-public keys are often 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 handbook fairly inflict future spare veteran voice biology downside glass derive bind allow
The phrases all come from this listing of two,048 phrases:
https://github.com/bitcoin/bips/blob/grasp/bip-0039/english.txt
Utilizing the two,048 thesaurus of BIP-39, when developing a seed phrase, every phrase provides 11 bits of entropy to the phrase, making certain {that a} 24-word seed phrase incorporates 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 the planet, you have got management of property simply by way of your information of your personal key.
Most individuals (aside from these leaving their crypto on an trade 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 solution to ârecoverâ your property 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, comparable to utilizing https://cryptosteel.com/ after which burying it someplace personal or placing it in a protected 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 wherever.
I by no means hear about anybody making an attempt to memorize their ordered 24-word phrase.
It will be like attempting to memorize 24 2-word pairs, since youâre actually memorizing phrases plus their positions within the listing.
Very tough to do when the phrases come randomly from an enormous listing of all sorts of phrases (nouns, verbs, adjectives, and many others).
It will most likely require the abilities of a world-record-holding memorization professional.
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 (primarily based on some story you can also 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. â5â âgoldenâ âringsâ, â4â âcallingâ âbirdsâ, â3â âFrenchâ âhensâ).
The method Iâve give you up to now is to think about your listing of 10 as items that youâre giving to 10 individuals.
The 5 phrase components are:
- amount
- coloration
- merchandise
- nationality of the recipient
- occupation of the recipient
Your âseed phraseâ would then be very visible.
A device would create 10 labeled photographs for you.
The partial proof of idea under shouldn’t be what it could really seem 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.
Itâs nonetheless formidable to memorize 10 5-word phrases, even with footage.
And most of us wonât even hassle attempting.
However I’m wondering if some individuals may actually admire this.
To get sufficient entropy, there are:
- 10 phrases
- 40 colours (the most well-liked ones)
- 400+ objects
- 137 international locations (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 assume 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 (fairly than generated randomly with excessive entropy), this isn’t that.
