TL;DR
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You can now store your Bitcoin wallet’s private keys, as 6 HEX colors (instead of 12 words) – where each color is represented by a string of six numbers & letters.
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Remembering the exact HEX code for six different colors is probably going to be a bigger ask than remembering twelve words.
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That said, the creator of this new system makes a good point: “A paper with 12 words is more suspicious than a color palette labeled like ‘my new home wall colors,’“
Full Story
In today’s “hey that’s cool – I mean – why not, right?” news:
You can now store your Bitcoin wallet’s private keys, as colors.
What does that mean?
Instead of writing down 12 random words in order to log in to your Bitcoin wallet (or restore a lost one), you can now select 6 specific colors, instead.
Which is cool – and sounds easier than remembering 12 random words…
But there’s a catch.
The system uses HEX colors – where each color is represented by a hashtag and string of six numbers & letters.
(It’s the same system that programs like Photoshop and Illustrator use to identify specific colors).
For example:
Which means remembering the exact HEX code for six different colors is probably going to be a bigger ask than remembering twelve words.
Either way, it’s a neat option to have if you wanted to hide your private keys in plain site – as pointed out by the creator of the system Entero Positivo:
“A paper with 12 words is more suspicious than a color palette labeled like ‘my new home wall colors,'”
Fair point, Positivo! Fair point.
