thanks for the info.
their argument had to do with the capacity of the human memory: I remember them arguing about the human memory only being able to remember 12 words (which at the time I recognized as bs.)
They also claimed the capacity to figure out brain wallets through sending some sort of bug that would generate different thousands of options a second through the brain wallet systems.
What I find even more dangerous are programs like electrum that generate the brain-phrase for you.
Thanks for the intro on Schneier. I really like his material.
I have always agreed with your position, but since attending this meeting (in which I could of been misinformed) I still feel insecure generating a private key from a pass-phrase.
"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees
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