this post was submitted on 24 Nov 2023
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Is a passphrase enough to store your coins? (alien.top)
submitted 11 months ago by ashketchup422@alien.top to c/ethereum@blockchained.world
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I always read about public keys,private keys and speedphrases that you need to store them in a paper wallet or hardware wallet. The only thing I ever stored are the passphrases (those 12 or 24 words) I get from metamask or other wallet provider in the beginning of creating a wallet. Is this enough when I write them down and secure them?

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[–] ExamAccomplished6865@alien.top 1 points 11 months ago (1 children)

New fear unlocked for average users haha don’t go scaring people now :)

[–] 4cademy@alien.top 1 points 11 months ago

Haha. Well I don't think it is that big of an issue. Big changes to the derivation methods would definitely throw many users under the bus so that either never happens or if it happens the old way of deriving your wallet will quickly be well documented. I personally still feel better by writing down the derivation path. That way I am not dependent on anyone at anytime.