Recently, there have been some cool updates in the Bitcoin space like BIP32, BIP39, Segwit, and taproot. But honestly, BIP85 is what really got my attention. It’s all about managing those pesky seed phrases and I think it’s super useful. If you want to dive deeper into it, check out my earlier post explaining how to back up multiple seeds with BIP85.
Interesting take on this. So, if I'm getting it right, losing a seed phrase is just as bad as losing a regular password, right? Are you suggesting that the seed stays safe and the password is what your grandma uses? That’s kinda wild.
Exactly! Ideally, she’d hold onto everything needed for recovery if she ever forgets the password from BIP85. But since she’s not really tech-savvy, I keep copies so she can access them, like the BIP-39 passphrase. I also have the parent seed, which I've been keeping safe anyway. It’s a neat way to spread out my backup responsibilities while ensuring she can get what she needs.
This is a really creative approach, but it feels like it could complicate things. I mean, isn’t this what password managers are for? Also, tying passwords to a seed phrase seems risky. Couldn’t a small mistake just mess everything up? For those who aren’t techy, would this just make recovery harder than sticking to a solid password manager?
Yeah, I hear you. But for folks who often misplace passwords, especially those linked to wallets, this might help. Users need to grasp how BIP-39 and BIP-85 work, though. There’s still the chance of losing a traditional password without a recovery method. BIP-85’s hierarchy helps with that, but understanding the process is key. One way to lower risks is to create BIP-85 passwords using just the parent seed without any passphrase, keeping it simple.