10 sats \ 2 replies \ @nymatix 22 Jun 2023
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10 sats \ 0 replies \ @foundationdvcs OP 23 Jun 2023
A standard is just the recommended approach, not a hard rule that everyone has to follow! Even on Passport we will default to 12 words but will always allow users to do a 24 word seed if they so wish.
More about defaults and best practices than enforcing anything specific :)
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0 sats \ 0 replies \ @foundationdvcs OP 23 Jun 2023
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10 sats \ 0 replies \ @kepford 23 Jun 2023
This video linked in the article is helpful.
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10 sats \ 0 replies \ @021da48107 22 Jun 2023
If you use multisig 12 words makes even more sense.
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0 sats \ 2 replies \ @numbskull 23 Jun 2023
12 words is 3 minutes to crack, goodbye bitcorn
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110 sats \ 1 reply \ @shibe 23 Jun 2023
Going through 2^128 different possibilities in 3 minutes would mean you have a magical computer that can go through 1,890,000,000,000,000,000,000,000,000,000,000,000 possibilities per second.
Please point me to such a computer (and ideally an Amazon link, so I can purchase it and become a billionaire)
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0 sats \ 0 replies \ @numbskull 23 Jun 2023 freebie
There is very small pool of keys, if you pay attention when you generate mnemonic, hardware wallets just give you same words,way less than 2024. Any gpu farm will crack it in no time. Those 0000 possibilities just exist in theory, in reality your btc will gone in no time
0 sats \ 1 reply \ @john_doe 23 Jun 2023
With this way of storing a seed:
https://seedxor.com/
I would guess 24 words would make more sense although I don't know how easy it is to brute-force 6 words and its order. So let's say one part has been discovered, I would be more confident it the other part total was 12 words instead of 6.
That being said I use multisig so I don't have one but multiple seeds. Also thank you for the article it was insightful.
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10 sats \ 0 replies \ @foundationdvcs OP 23 Jun 2023
SeedXOR would be just fine with 12 words as I understand it, but seed splitting (a non-recommended but somtimes used backup approach) would definitely benefit from 24 word seeds.
But definitely don't recommend seed splitting, and SeedXOR is almost always a bad idea as well as it multiplies the single points of failure (if you lose any part of the XOR'd seed you lose all funds).
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