Re:Bitcoin: the Stripe perspective
by dwaltrip on Monday July 21, 2014 @04:03PM
(#8065689)
If you know what you are doing, brain wallets are very safe. However, if you don't, you might easily make a disastrous mistake. The casual user should not store coins in a brainwallet, but they can be quite useful.
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If you know what you are doing you can get enough entropy that is true but there is still a lot of things that can happy in your life that will affect your memory but not be life ending. In those cases without a backup you'll lose your coins.