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this post was submitted on 29 Apr 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Monero, XMR, crypto, cryptocurrency
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Well, if they destroy Monero, that's bad for the person who gets their Monero destroyed, but it's good for the rest of us, because that just lowers the inflation rate more than it already is. That makes the rest of our Monero more valuable. This is why you also do not write down your passwords because even if they were to seize something like my flash drive with my key pass database on it, they could not get into it and therefore could not get my private key to my Monero.
Good kick in the butt to memorize passwords and seedphrases I guess.
I honestly don't know if I would ever be able to remember an entire seed phrase. Just straight out. But I can remember a 30 character or more passphrase with special symbols. I just put my seed phrase in my key pass database and my key pass database stays off any cloud services.
An old school method is to write a note with every fifth word being a seed word. Keep that note among 20 others so you cannot know what is relevant.