TL;DR

• You can now store your Bitcoin wallet's private keys, as 6 HEX colors (instead of 12 words) - where each color is represented by a string of six numbers & letters.

• Remembering the exact HEX code for six different colors is probably going to be a bigger ask than remembering twelve words.

• That said, the creator of this new system makes a good point: “A paper with 12 words is more suspicious than a color palette labeled like 'my new home wall colors,'“

Full Story

In today's "hey that's cool - I mean - why not, right?" news:

You can now store your Bitcoin wallet's private keys, as colors.

What does that mean?

Instead of writing down 12 random words in order to log in to your Bitcoin ​wallet​ (or restore a lost one), you can now select 6 specific colors, instead.

Which is cool - and sounds easier than remembering 12 random words...

But there's a catch.

The system uses HEX colors - where each color is represented by a hashtag and string of six numbers & letters.

(It's the same system that programs like Photoshop and Illustrator use to identify specific colors).

For example:

Which means remembering the exact HEX code for six different colors is probably going to be a bigger ask than remembering twelve words.

Either way, it's a neat option to have if you wanted to hide your private keys in plain site - as pointed out by the creator of the system ​Entero Positivo​:

"A paper with 12 words is more suspicious than a color palette labeled like 'my new home wall colors,'"

Fair point, Positivo! Fair point.