There used to be a website that provided an easy way to derive bitcoin addresses from passwords. Random people would routinely send bitcoin to wallets with passwords like "123456", "correct horse battery staple", digits of pi and so on only to see their coins stolen by bots in a matter of miliseconds.
This is not as bad but people will inevitably use bad passwords if given the option so it's better not to make things too easy for them in my humble opinion.
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There used to be a website that provided an easy way to derive bitcoin addresses from passwords. Random people would routinely send bitcoin to wallets with passwords like "123456", "correct horse battery staple", digits of pi and so on only to see their coins stolen by bots in a matter of miliseconds.
This is not as bad but people will inevitably use bad passwords if given the option so it's better not to make things too easy for them in my humble opinion.