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4 #بيتكوين coins were lost from a (Brain Wallet) mental wallet.
The recovery phrase was a line from an obscure poem in Afrikaans.
It should be noted that the (Brain Wallet) mental wallet is an old idea that was used in the early days of Bitcoin and has been largely abandoned because it is not secure. In short, it works as follows:
- You select a phrase or password from your mind.
- It is mathematically converted into private keys.
- From which a Bitcoin address is generated.
We recommend only relying on cold wallet applications or wallets that generate words through random and secure algorithms and we do not recommend relying on your memory instead of recording the words on a physical medium (paper or steel plate).
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