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bip39 - What's the benefit of the checksum word?
Bitcoin
$24,293.15
‑0.64%
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self.Bitcoin
9d ago
I understand how it works and how it is calculated, but what's the point of it? I understand the use for checksums in Bitcoin addresses or in IBAN numbers, but not (yet) for seed phrases.
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Bitcoin is more scarce, secure, transferable, and defensible than gold is. Bitcoin completely replacing gold as a store of value is only a matter of time in my opinion.
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