For as much as I am fascinated by the societal and political implications of bitcoin, I must admit that I am equ
ally fascinated by the implications of Brainwallet. Quite simply, a brainwallet, or thoughtcoin, refers to the concept of storing bitcoin in one’s own mind by memorization of a special and unpredictable phrase. No, you are not actually storing the bitcoin in your mind but you are storing the access mechanism, or seed, to your stash’s private key.