21 sats \ 2 replies \ @tmoney 31 Aug 2023 \ on: Whatever happened to personal responsibility? bitcoin
Remembering a seed phrase is very difficult and bad practice, which I think is line with your oversimplification of self-custody, particularly with large amounts/percentage of your savings. There are a lot of footguns and gotcha's that I have personally messed up with over the years ("testing" on hot device, taking picture, where to store, on what to store, etc), and I consider myself (now) pretty technically knowledgable.
That being said I also think self custody is the most important part of bitcoin and we should help teach/encourage people to do it properly.
true, there certainly are a lot of areas where you can mess up. I dont think it's necessary as bad as you may think, especially if you customize it to some phrase or lyrics you only know, but that's why i think memory + backup is the best way -- try to operate having it memorized, but rest assured knowing you have the backups. Memory is the backup of the lost backup!
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You may be right. I can see some benefits, but also some downsides (torturing the seed phrase out of you, using drugs to trick you, overconfidence in your memory, physical head injury). I haven't seen using a memory backup as being an recommendation from a security expert so i'm skeptical as using it as a selling point for the ease of self custody.
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