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RE: Your Bitcoin, ETH, STEEM, and other Crypto are NOT stored securely.

in #bitcoin6 years ago

Interesting product. Though info on quantum computers are misleading. While big corporations continue to work on them were pretty far away from that being a concern in stealing your coins.

The always generate the private key is interesting and creative. Though this seems to have the same flaw as other mnemonic phrase wallets. You still need to remember the string. And as you said people are more likely to write it down opposed to remembering it. Not criticizing but seems like a similar flaw to others. Still, an interesting product. Will keep an eye on it.

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The memorability aspect here is that you make the phrase rather than pick a 24-word seed from a predefined set of words. Of course, some would write it down, but unlike a 24-word set of words, a custom phrase won't stand out as a seed.