So I understand that the seed is both my username and password and that I can use my seed to login to my wallet from any device or any location in the world (with internet connection of course)?
Is this really a secure way of handling money/value? I know that the possible amount of seed combinations is something like 28^81, witch is a really big number. But from a user friendly perspective, as seeds are that long, I see two things happening: Either I would have to keep my seed stored somewhere so I can copy it at login (either by copy/paste form a document or by reading it of a piece of paper), or I would have to make it a logical pattern so I can memorize it.
In the first scenario I am concerned about the seed either getting lost if I keep it on paper, due to human failure, or been exposed to hacking or data failure if kept backed up on the computer.
In the second scenario I need a logical pattern to represent my seed. This could be a combination like ABC9CBA9... or a sentence with every space changed by the symbol 9. This, I would argue, is not a secure way to store value because pattern's are easier to hack than random combinations (more likely to get checked).
In either of these case I don't feel confident about having lot's of funds hooked to seed's.
Am I on to something here or what do you guys think? Is the seed really a secure way to login to my wallet?
Wouldn't it be easy to write a program that just went through all seed's in order and transferred what ever funds found to another wallet the programmer controlled?