12.8? That’s nothing.
12.8? That’s nothing.
Very few people on the planet face a threat model where memorizing a seed phrase is worthwhile. Leaving a seed phrase accessible long enough to memorize it considerably increases the likelihood of it being compromised. Locking it up and hiding it immediately greatly reduces this possibility.
You are right about it not being difficult to memorize a seed phrase. It is not hard to do many things that are unnecessary and unlikely to be useful. Only an idiot would fail to realize that such an exercise is essentially pointless, and then proceed to brag about his ability to memorize a few words, while simultaneously demonstrating his inability to reason about basic things.
The only thing Ethereum accomplished is becoming superior money. I wish we could say we had another significant use-case.
If you guys really want to make people care about using crypto for payments, implement Dai Hard on ETH.
https://medium.com/@coinop.logan/daihard-game-theory-21a456ef224e
Basically, it creates a scenario where people can trust each other for anonymous transactions because both parties are highly incentivized to act fairly. This is accomplished by having both parties make a deposit that cab be burned if things go south.