are you saying that anybody can just spent time creating new wallets with random passphrase and if he hits one already used it generates same address again?
Then why I need paper wallet with "root key", if knowing passphrase is enough.
I thought passphrase in armory is just to encrypt dat file, or you are talking about different passphrase.
sorry for stupid query, but I'm starting to worry about my BTC.
edit: first google link and I don't worry anymore. armory is not brain wallet.
You can get the private key from the passphrase because the private key was generated from the passphrase
https://brainwallet.github.io/
https://en.bitcoin.it/wiki/Brainwallet
The passphrase must have a good entropy, if you use a paper wallet you don't need a passphrase but you can encrypt your wallet for additional safety
yea, thanks for clarify, that was one of my stupid post, I was reading thread about armory (I'm using it) and mess it up together with this thread. completely my error.