You're right, but I think you miss the point of this article. The point is that ... | Hacker News

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		gregschlom on March 13, 2012 \| parent \| context \| favorite \| on: Bitcoin Brainwallet You're right, but I think you miss the point of this article. The point is that one could store in his brain all the information needed to pay and receive any amount of money, without needing any extra storage device. Because this money is Bitcoins, and because they are not stored anywhere, it technically means that all your money, all your wealth, resides in your brain - hence the title "Brainwallet". This is a fascinating thought experiment, but not an assessment of the most secure way to store money.

te0006 on March 13, 2012 [–]

Can't wait for the opportunity to lose my entire savings in a two-minutes backstreet incident.

Better use this only for the equivalent of todays's purse with as much cash as you feel you need for the next few days.

See also https://hackernews.hn/item?id=2551397 for how to mitigate such risks.

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