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Brain Wallet users could be in danger of a breach

patrickpatrick

Brainflayer: A Password Cracker That Steals Bitcoins From Your Brain

Excerpt: Brain wallets work by taking a chosen passphrase and putting it through a mathematical function known as a “hash.” The resulting string of random-looking numbers is then used as a bitcoin private key—the long string of secret characters that controls a stash of the cryptocurrency at a certain bitcoin address.

People still want to use brain wallets because they like the idea of a key stored in your head…They’re in denial about how bad the situation is, and some of them are going to get screwed. —Ryan Castellucci

Read the full Article over at Wired.com