Technically you can set your own password, but it's highly NOT recommended because of bruteforce attacks (it happened before when short passwords were allowed). The long P5 password generated for you is solid and extremely difficult to bruteforce. Considering there are funds involved in your account, I'd say you can't be too careful. Besides, the password is supposed to be stored in cold storage and only used for emergencies, use the other private keys for your common transactions.
You are viewing a single comment's thread from:
Interesting.
I created an html tool to change the password, but I'm hesitant to release it. I'm afraid people might start using insecure passwords, which is not a good thing.