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Why is dividing seed words and storing them in different locations a bad idea? Why is this a loss in security? How is this less secure as compared to Shamir's Secret Sharing? Chapters 0:00 A friend had the idea to achieve two out of three protection from my wallet seed by storing the seed in the following way... 2:13 SLIP-39 2:55 Shamir Secret Sharing Scheme 3:32 Let's go back to the example you offered 5:16 Brute forcing 80 bits 7:35 Complexity is not just the enemy of security, in many cases, it's the enemy of usability 7:56 The scheme you have described is not secure 8:53 Use the standards that have been written by experts This question is from the February monthly patron session, which took place on February 29th, 2020. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: / aantonop Correction: At 6 minutes into the video Andreas mentions that brute-forcing 80 bits of entropy is 2^196 times easier than brute-forcing 256 bits of entropy. It is actually 2^176 times easier. Related Videos: Bitcoin Q&A: Key management and inheritance planning - • Bitcoin Q&A: Key Management and Inheritanc... Bitcoin Q&A: Key storage best practices - • Bitcoin Q&A: Key Storage Best Practices Bitcoin Q&A: Is quantum computing a threat? - • Bitcoin Q&A: Is Quantum Computing a Threat? Bitcoin Q&A: Setting up secure storage devices - • Bitcoin Q&A: Setting Up Secure Storage Dev... Bitcoin Q&A: What is a private key? - • Bitcoin Q&A: What is a Private Key? Bitcoin Q&A: Multi-signature and distributed storage - • Bitcoin Q&A: Multi-signature and Distribut... Bitcoin Q&A: How do mnemonic seeds work? - • Bitcoin Q&A: How Do Mnemonic Seeds Work? Bitcoin Q&A: Threshold signatures and Shamir secret sharing - • Bitcoin Q&A: Threshold Signatures and Sham... Bitcoin Q&A: Incentivised cybersecurity & decentralization - • Bitcoin Q&A: Incentivised Cybersecurity & ... Bitcoin Q&A: Data integrity and validation of keys - • Bitcoin Q&A: Data Integrity and Validation... Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in Bitcoin. He is the author of “Mastering Bitcoin,” “The Internet of Money" series, and "Mastering Ethereum." Follow on Twitter: @aantonop / aantonop Website: aantonop.com Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations... THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq German, 'Das Internet des Geldes' (v1) - https://amzn.to/2LEiyqO German, 'Das Internet des Geldes' (v2) - https://amzn.to/2VCzse5 French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-large... Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM: https://amzn.to/2xdxmlK Music: "Unbounded" by Orfan ( / grassfedbitcoin ) Join the aantonop Channel: https://aantonop.io/joinaantonopyt