Vitalik Buterin
@vitalik.eth
If you don't have a multisig or social recovery wallet, imo the next best is to split up your seedphrase with a "poor man's 2-of-3": chunk 1 is top + middle, chunk 2 is middle + bottom, chunk 3 is bottom + top. We could even use the kind of paper that people use to sign two copies of a form at the same time for this:
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Greg
@greg
I feel like the easiest thing someone can do to increase EOA security is keep some decoy ETH in the default path and hide real value behind a BIP39 passphrase. Not sure why this is almost never talked about
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clun.eth
@clun.eth
The main reason it’s not used more in wallets is that it’s confusing for new users and has caused a lot of lost coins. I.e new users think that the passphrase unlocks the wallet locally and that they should be able to recover with just the 12 words. https://twitter.com/tayvano_/status/1532838475141111810?s=20
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Satoshi Tomatomoto
@tomato.eth
I feel like there should be a way to allow it as an "advanced" feature in such a way that it doesn't confuse new users. I think it's a cop out to not include such a useful feature just because it isn't for everyone.
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Brenner
@brenner.eth
As an experienced user, I didn’t even know bip39 could have a passphrase on top of the 12 or 24 worlds!
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Greg
@greg
Agree for new users but seems like it would be a big win as an advanced import setting! https://twitter.com/tayvano_/status/1532846258129354752
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web3dΞv.eth | sonsOfCrypto.com
@web3d3v
UX for this is a nightmare, I still not found great way to do it https://m.youtube.com/watch?v=rA3BFzq7FOk
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