So...I bought some IOTA, I installed the light node, got to the seed screen and I have to make up an 81 lettered password plus the number 9 which I need to enter every time I need to access the wallet?
Is this correct or am I missing something, because this really sounds pretty sh1tty to me.
I'm sure this has probably been addressed and there is a reason but if somebody could put some logic to this method of security which I presume 99/100 people will leave their password in a txt doc to copy/paste.
I'm really trying to like IOTA really am... this just seems weird to me.
Please convince me it's good
Cheers
Is this correct or am I missing something, because this really sounds pretty sh1tty to me.
I'm sure this has probably been addressed and there is a reason but if somebody could put some logic to this method of security which I presume 99/100 people will leave their password in a txt doc to copy/paste.
I'm really trying to like IOTA really am... this just seems weird to me.
Please convince me it's good
Cheers
You are right. You have to insert the seed to get access to your token. But remember IOTA is still in beta stage.
I am convinced there will be more features soon and you can use a wallet with password for daily transaktions. At the Moment the wallet is only to keep your token safe.
For me it is ok because I dont use them to pay something. I keep my seed on paper only. If I want to check my balance I only check my address in the IOTA browser. You can use it by copy past.
Ok, fair point... I'll suck it up for now, but you'd imagine a coin in the top 10 to be more developed in this area. I suppose all their time has gone into the infrastructure of a new blockchain. It's a shame because people like me only see the shell and not whats under the hood. Give us shiny switches to play with and we'll sign up to anything.
