I recently came across an interesting new tool developed by Bitcoin developer Entero Positivo on
GitHub This tool claims to offer a different way of storing Bitcoin seed phrases using Bip39colors. According to the developer,
you can convert a 12-word phrase into 8 colors (or a 24-word phrase into 16 colors) and then convert them back to the original seed
However, I personally have reservations about this idea of storing seed phrases as colors. It raises concerns about the safety of the conversion process and the risk involved in using an online tool to handle sensitive information like seed phrases. Instead, I believe it's safer to stick to the traditional method of storing seed phrases.
I would like to hear your thoughts on this matter. Do you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
I would not recommend storing a seed-phrase with colors on a PC (with an Internet connection), because in the event of a data leak, attackers will be able to deconvert the wallet using the same program which you indicated in link.
Storing a seed-phrase with colors in a printed form, for example on paper, is fraught with consequences such as fading of colors, which is why you will not be able to restore the original private keys in the future. Change for a couple of tones - and you have lost access to your wallet.
If look closely at the bip39colors code (
https://github.com/enteropositivo/bip39colors/#javascript), we can see the color codes. Here is an example:
let colors = ['#613911', '#7C5809', '#B8E412', '#225531', '#01AB63', '#3E8775', '#98BDC1', '#E3AFE8']It is possible to write down the seed-phrase in this form (color codes), but how is it different from the usual storage of the seed-phrase? Few. Of course, this will make it a little more difficult for attackers to decrypt if they have access to your mnemonic phrase, but I don’t think it will be very much.
In general, this method has the right to exist, but you should take into account the additional risks of converting and deconverting to a color palette, although you will not get any outstanding benefits from using it.