Topic: The future Wallet - page 2. (Read 2542 times)

this is why backups exist.
and also things such as BIP39[1] and all those other ways of using a Seed phrase come to work. you just write down the seed phrase on a piece of paper, and store it in a safety deposit box for case of emergency such as your demise or simply losing the wallet or hardware failure.

https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki


interesting suggestions. here are two things that comes to mind
1. that device that you want to attach to the wallet needs to be cheap and reliable and easily obtainable. i don't think that is possible although i have never done any research in this matter.
2. the bigger problem is coming with a way to generate the private keys from the DNA data in a completely random way. and that is where you will encounter problems.

edit oh and i just thought about the worst part of this idea:
3. your DNA can easily be stolen. it exists in your hair, saliva,... and anyone can easily take it from you and generate your wallet and steal your money! you see this is the number 2 all over again, it needs to be random so no one else can generate the same thing again.

I don't want my dna related to a wallet. Anyone can track me this way and it's not safe for our own security. There are methods to know how many bitcoin are in each wallet, if our dna is there, assassins will hunt the owners of wealthy wallets by tracking the dna.
Today it can already happen, because there are hackers looking for wealthy wallets, but I think exposed dna isn't the solution for anything.

schiz·o·phre·ni·a noun (ˌ/skitsəˈfrēnēə,ˌskitsəˈfrenēə/)

-a long-term men*** dis***** of a type involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.

Hello everybody,

I have been thinking about the concept of wallet for coins (BTC or alt-coins). I understand that the current system works somewhat well. But what about the future. Imagine you have a wallet or wallets (these days, we need quite a few wallets). It may happen that

1. You loose it (pass, keys, files, ...), like when you have everything in your machine and one day it is gone, destroyed, ...
2. You die or disappear. Your children, loved one, the little good project you started to help somewhere will not get your dead or disappeared coins..
3. You think about not only yourself, like when you got enough from crypto and you need to think how you do good with your good coins...
4. .... add your own drama.


I go directly to my point: I tend to think that pairing wallet with (or defining it to be) your DNA is the only way forward. I understand that this DNA-wallet

a1. kills anonymity,
a2. will need a creation in real life, where a small cheap device canbe attached to your body and get your DNA unique identifier sequence quickly and another device that can do this in reverse.
a3. ...

for a1, I guess we imitate the current system of exchanges: a middle traditional wallet (i.e. current 2017) is to be introduced which will use use your DNA-wallet as the identity verification is used today. a2: I am entirely certain that such devices will be around soon. It exist now but each test costs around 100-200 USD.

This idea will kill completely the practice of stealing money and money laundering in a world with crypto currency as the major one. There is no way one can spend the coin obtained in illegitimately.

What do you people think?