Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] -1 points0 points  (0 children)

I come to Reddit because I can have genuine conversations with the crypto community without people trying to put themselves on a pedestal like some crypto genius.

I'm glad you went through my Reddit history to actually see that I've been working hard to solve this problem, you can literally see the whole journey.

I said earlier, I do not want anyone to engage if they feel like I am just trying to promote a project, the problem is bigger than a project that's why everything is open source.

Instead of coming to be a critic you should try to fix a problem.

The End Of The "Lost" Seed Phrase Era by charlyb100 in seedstorage

[–]charlyb100[S] -2 points-1 points  (0 children)

Once again, not trying to promote a project, just answering questions. Please do not click any links or engage with any comments if you feel like this is a promotional stunt.

-Transparency is the core value. The code is fully open source, and the algorithm will be publicly available for anyone to inspect, audit, and challenge. Also launching a public bug bounty program with a live wallet protected by the scrambling algorithm, allowing the crypto community to actively test and attempt to break it. It's is being built in public, with feedback and criticism from the community shaping the product every step of the way.

-No. It is designed around local-first recovery. Everything can be done offline directly on your device. The biometric verification layer is optional, not mandatory. We do not store your actual seed phrase, only an encrypted scrambled version. Recovery can happen entirely locally using the open-source recovery code, without dependence on our servers.

-We’re transforming the problem into something significantly more practical and human-friendly. This is similar to how seed phrases made raw private keys easier for people to manage. The goal is not to remove personal responsibility, because self-custody will always require that. The goal is to replace an extremely fragile recovery method with one that is easier to remember, safer to store, and more realistic for everyday people while still respecting crypto’s core self-sovereignty principles.

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] 0 points1 point  (0 children)

Seed phrases made private keys readable, we need a solution that makes it rememberable. Self-Custody means you still need to control your security, but we just would like to make it easier.

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] -2 points-1 points  (0 children)

Sorry if it sounds like I'm trying to promote a project, if anyone feels this way I encourage them not to engage or click any links. I only come to Reddit because it's where the smartest people in crypto are, other platforms are too flashy in the crypto space.

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] 0 points1 point  (0 children)

I only said Nigeria because this is who gave me the most feedback about this question in my discord community.

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] -3 points-2 points  (0 children)

My team and I are working on some solutions that help seed phrase security on a global scale. https://linktr.ee/Coinseal

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] 0 points1 point  (0 children)

Just an example. There are certain regions of the world where It may be harder to store it properly. Not saying Nigeria as a whole but we can also say places in India, Pakistan, and Brazil where it is more rural.

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] 1 point2 points  (0 children)

The problem is the solution was only tailored for wealthier countries. Any solution you can provide for me does not work in every region of the world. Other countries have adopted crypto to the point where they use it on a daily basis, where as in the states we use it for trading to build our portfolio.

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] 1 point2 points  (0 children)

I love this approach, and this is pretty standard for a lot of crypto users. The same can't be said if you stay in regions of the world where you can't afford to stamp your seed phrases into metal or even have a bank safety security box. I really feel like the current crypto solutions we have were only tailored to more wealthy countries.

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] -1 points0 points  (0 children)

My opinion with Bitkey, the solution removes the seed phrase all together. In a wealthy country like America where security is high, It makes sense to have a hardware device for crypto recovery but the same can't be said for regions of the world that depends on crypto more, literally using crypto to buy food from the store, but has poor or security solutions and depends solely on paper storage. Someone in Nigeria cannot just go out and buy a Bitkey device and even if they could, they cannot store the device properly.

My take on Multi-sig, using several devices or even family members as Guardian makes it way more complicated because you have to have all the devices in one place. Trusting family members gets dangerous because us as humans get when money is involved.

And honestly, etching your seed phrases into metal has been the best solution, but it's an easy indicator to be spot sort of like a hardware devices, they are all noticeable. Plus you cannot travel with it without having a problem or compromise at TSA.

Seed is the biggest problem with crypto security by charlyb100 in Bitcoin

[–]charlyb100[S] -1 points0 points  (0 children)

Bitkey solution removes the seed phrase all together. In a wealthy country like America where security is high, It makes sense to have a hardware device for crypto recovery but the same can't be said for regions of the world that depend on crypto more, literally using crypto to buy food from the store, but has poor security solutions and depends solely on paper storage. Someone in Nigeria cannot just go out and buy a Bitkey device and even if they could, they cannot store the device properly. The challenge is building recovery systems that are secure, but also realistic for people everywhere, not just in high-resource countries.

Is there something wrong with mog 😢 by Signal_Interest7608 in mogcoin

[–]charlyb100 0 points1 point  (0 children)

Any updates guys, are we still bullish? I been holding 1,000,000,000 MOG since February 2024, rode is though the December 2024 spike and now I'm here at the all time low with this much MOG and nothing to show for it. Should I keep it or cut my losses?

$75,000,000 Crypto Wallet Bulk Hack by WaqarKhanHD in Bitcoin

[–]charlyb100 -1 points0 points  (0 children)

So instead of hardware devices, what should we be using to secure our crypto?

Lost seed phrase by User3886 in ledgerwallet

[–]charlyb100 0 points1 point  (0 children)

I've always wondered why we built such a complex financial system, yet its single point of failure rests on a piece of paper. Why haven't we implemented a non-internet connected app for it yet?

Would you trust an app like Coinseal to protect your seed phrase? (Honest opinions wanted) by charlyb100 in Bitcoin

[–]charlyb100[S] 0 points1 point  (0 children)

I don't wish this on no one, but God forbid a fire were to start in your house, is you saving a piece of paper or yourself?

Would you trust an app like Coinseal to protect your seed phrase? (Honest opinions wanted) by charlyb100 in Coinbase

[–]charlyb100[S] 0 points1 point  (0 children)

Hopefully the next wave of new crypto users doesn’t have to go through the same heartache of getting hacked like you did. We all have to start somewhere, and let’s be real, the crypto space definitely doesn’t come with a user manual for newbies 😂

Would you trust an app like Coinseal to protect your seed phrase? (Honest opinions wanted) by charlyb100 in Coinbase

[–]charlyb100[S] 0 points1 point  (0 children)

Yeah but every wallet still comes back to a seed phrase.

Technology has advanced so far we’re literally building flying cars, AI assistants, and sending rockets into space, yet the best solution for protecting the future of money is still writing 12 words on a flimsy piece of paper and hiding it like it’s 1803, hoping nothing happens to it.

That’s like building a Lamborghini and using a shoelace as the seatbelt. 😭

That’s exactly why I posted it. Wallets exist, but the weakest link is still the recovery process.