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this post was submitted on 26 Jul 2023
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No Stupid Questions
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No such thing. Ask away!
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I don't think you recognize how easy it is to generate trust with the methodology I laid out.
"The Standard-compliant" method is any algorithm that goes from hmac(passphrase) into seed -> generating the random numbers needed to build a wallet. (Prime numbers or whatever). As far as I can tell, this "standard method" doesn't exist, not yet anyway.
Issue has been the workflow for that, everyone wants something that works with thier phone and self-updates. Also have only seen a couple good air-gapped signers. No one likes the offline signer story except finance governance ppl so far.