One of the most interesting and far-out things about Bitcoin is the myriad of possibilities that exist.
For example, imagine that you don't want to 'store' your bitcoin addresses anywhere, not even in a paper wallet -- considered to be the safest out there. What if you wanted to 'store' your bitcoins purely in the internet, only to be accessed by a cryptographic key only known to you. Now the problem with generating a cryptographic key -- in your head -- should be obvious. But what if we could make this all possible by making a generator or converter which lets you create a phrase or combination of words that you can remember, and then converts this phrase into an uncrackable cryptographic key? -- well that's exactly what a brain wallet is!
The ultimate in mobility!
- Think of a phrase of at least twelve words that only you can remember.
- Make the words as abnormal as you can: jumbling the letters, mispelling intentionally, and basically 'disconnecting' the human element of the words.
- Enter this passphrase into the brain wallet generator.
- Commit your unique passphrase to memory -- your brain.
- Send bitcoins to the address given to you by the brain wallet generator of your choice.
- Whenever you want to access your bitcoins, you can go to this website again, and input your twelve word unique passphrase, or use another wallet such as Electrum to input your phrase and access your coins.
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