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@ Chris Liss
2025-05-13 10:48:06
Idea for nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle or nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m and anyone else who has the wherewithal to make what I would call the “boomer” wallet.
You generate your seed via questions about your life that only you would know and that you would never forget. Save the order in which they are asked on a central server.
Favorite NFL player, favorite movie actress, oldest child’s first word, etc. Make a menu of 50 of these questions, require ~20.
Then add three passwords, two of which are necessary to reconstitute it. Or x or y passwords.
So it’s a "seed” you can’t forget, backed up by more than one password, generated in an order that *can* be ascertained if necessary.
Of course, these details are guessable especially with AI, so recommend no more than say $10K or so before iterating and getting more clever about ways to make the questions harder and more personal. And of course write down your generated real seed somewhere off line, just in case, but you’re not at its mercy if you lose/forget it because you can reconstitute with the questions.
Maybe you could even start more simply with 10 questions and have a lower sats limit for that wallet. And if they want to increase the limit, you increase the questions.
Bottom line, people should be able to access their money via personal knowledge alone. Being who they are is enough, and given everyone has unique knowledge, no one can steal your sats. And getting used to that ethos — sovereign money accessible by the individual’s unique life experience.
An experiential DNA, so to speak. Could even make a biometric (fingerprint. e.g.) one of the “words” so it were necessary but not sufficient (don’t want someone cutting off your finger.)
Also warning: Do not use if taking dementia-inducing medication like statins. (Maybe that eliminates the entire demographic, unfortunately, but I do not think this is just for boomers, but the word is good marketing.)