Topic: How can we expect "average Joe" to remember passphrases to his Bitcoins? - page 6. (Read 4128 times)
May 01, 2017, 04:39:47 AM
The only solution there is is to hold your passphrase in a file somewhere with a description only you can understand.As long as you have it anywhere,you are in a nice place because you can access that text document for example and everything is perfect.Don't rely that you will remember it because we have to remember a lot of things every day and at some point or another it is bound that you can't remember something you need
May 01, 2017, 04:37:23 AM
backup is the only solution, and it is easy and "average-Joe-friendly", you just keep a copy of your password in one of these many password manager programs or simply write it down on a 100% secure and offline piece of paper.
and with today's HD wallets that give you a seed, you just need to save that seed somewhere on paper and even if you forgot the password or lost the wallet, use the seed (which are simply English or other language words) to recover all the funds.
and with today's HD wallets that give you a seed, you just need to save that seed somewhere on paper and even if you forgot the password or lost the wallet, use the seed (which are simply English or other language words) to recover all the funds.
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May 01, 2017, 04:36:50 AM
How is this a 'problem' exclusive to bitcoin? If they forget their passwords or pins then they'll likely forget them from every other thing including cards and websites. Sometimes there's only so much you can do for people but if you can't be trusted to keep this sort of info safe and secure then you probably shouldn't be trusted to use the internet by yourself let alone use bitcoin.
May 01, 2017, 04:35:47 AM
If they can't remember their password, AND don't have a seed or private keys, AND don't have a backup file prior to encryption then they probably don't deserve to use Bitcoin.
The simplest (but not greatest, due to obvious side effects) of all solutions would be simply to just not encrypt your wallet.
Even an average Joe won't be worse enough to forget password. If he can't then as suggested he doesn't deserve it, let him get fixed to the conventional system that gives him a much easier access than bitcoin. Because everything with bitcoin and cryptocurrencies were completely technology and internet based where even a small mistake can put you into big loss. The simplest (but not greatest, due to obvious side effects) of all solutions would be simply to just not encrypt your wallet.
May 01, 2017, 04:32:01 AM
If they can't remember their password, AND don't have a seed or private keys, AND don't have a backup file prior to encryption then they probably don't deserve to use Bitcoin.
The simplest (but not greatest, due to obvious side effects) of all solutions would be simply to just not encrypt your wallet.
The simplest (but not greatest, due to obvious side effects) of all solutions would be simply to just not encrypt your wallet.
May 01, 2017, 04:29:26 AM
It's something which seems crucial to me for reaching mass adoption (in addition to scalabilty of course...).
Already on this forum there is a shitload of people losing their Bitcoins by forgetting passphrases, the private keys, the dat file etc...
So I would like to know what technological solutions could be proposed for this problem.
To make a comparison, a lot of people are forgetting their credit card code (even if it's only 4 digits...) or losing the card and the centralized solution to this is the bank providing new card/code.
Which decentralized solutions to this problems could you think of?
Already on this forum there is a shitload of people losing their Bitcoins by forgetting passphrases, the private keys, the dat file etc...
So I would like to know what technological solutions could be proposed for this problem.
To make a comparison, a lot of people are forgetting their credit card code (even if it's only 4 digits...) or losing the card and the centralized solution to this is the bank providing new card/code.
Which decentralized solutions to this problems could you think of?
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